Fondant Market

Fondant Market Size, Growth, Forecast (2023-2028)

The Global Fondant Market size was US$ $529. 33 million in 2022 and is anticipated to succeed in the valuation of US$ $ $812. 35 million in 2028 and is predicted to register a CAGR of 5% during 2023-2028.

Fondant Market Scenario:

Fondant cakes are easy to refrigerate and usually remain fresh for days. This is a very preferred advantage in the summer. However, in some cases, these cakes become sticky and prone to fingerprinting. In addition, decorators avoid using fondant in cakes and cupcakes because their taste is sweeter than usual and their strange sticky texture can be offensive to consumers. Therefore, the perfect surface of the colourfully finished cake covered with fondant chocolate attracts the attention of many and counteracts the benefits of the butter cream-covered cake.

Recent Developments of Fondant Industry:

• Puratos Acquires Give Konfekture - We hereby announce that Puratos has acquired the Danish producer of fruit fillings and jams, Give Konfekture in Give and the company behind, Dainty ApS.
• Puratos already has a presence in Denmark through its subsidiary Puratos Denmark A/S in Vejle. Puratos Denmark and Give Konfekture will continue to operate as separate sister companies within the Puratos Group. As a result, there will be no changes to employees, contact people, customers, suppliers, or other business partners.
• Technology assists bakers in dealing with labor challenges - With a severe labor shortage gripping the retail bakery industry, bakery equipment and new technologies are more important than ever to maintain growth and profitability in a difficult environment.

REPORT COVERAGE:

Fondant Market Drivers:

Many consumers tend to maintain a healthy lifestyle, which leads to higher consumption of foods and food ingredients with potential health benefits. Consumers are now becoming more aware of their diet. That's why consumers take a holistic approach to health and well-being that covers almost every aspect of their lives. In addition, consumers are increasingly engaged in health-promoting fitness activities such as: Eat natural and organic foods with special diets.

Furthermore, the organic fondant market is rapidly accelerating around the world as the population becomes more health and wellness conscious and the number of wealthy consumers interested in healthy eating trends increases. Consumers are also increasingly trying to find clean labelled products and avoid artificial ingredients.

Fondant Market Restraints:

The health issue associated with consumption of sweeter and sugar is likely to obstruct the profit boundaries. Furthermore, the preference for fondant containing natural ingredients, combined with lower product penetration levels in developing economies, will drive the Fondant market forward.

Fondant Market Segmentation Analysis:

By type:

• Traditional Rolled Fondants
• Chocolate Based Rolled Fondants
• Others

Based on Type, the market is segmented by traditional rolled fondants, chocolate based rolled fondants and others. The major holding is acquired by chocolate based rolled fondants.

By Application:

• Bakery
  • Pastries
  • Cookies
  • Cakes
• Confectionery
  • Sugar
  • Chocolate
  • Others

Based on application, The Bakery segment made huge revenue in 2022 and growing its prominence during the forecast period. Fondant is gaining traction in the bakery segment as consumers' interest in decorative and appealing products grows. The expanding bakery industry is a major driver of fondant growth. Various bakery manufacturers are focusing on introducing novel fondant product with innovative ingredients such as foaming agents to meet the growing consumer preference and demand for unique tastes and flavours. Bakery chains/industry and artisan productions account for half of the total end-use share. However, with the bakery sector's steady growth and product innovation, there are opportunities for market players to invest in this market.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Fondant Market Regional Analysis:

Based on regional analysis, great demand is expected during the forecast period in Europe as the growing awareness of essential fondant tools and the demonstration of cake covers with stencil and fondant ribbons have contributed to the expansion of the fondant market in Europe. Rolled fondant is used by award-winning chefs in the hospitality industry to attract repeaters to hotels. This is evident from the fact that UK-based online stores like Redmond have posted recipes on how to make chocolate fudge. DIY and ready-to-use silicone-based molds in the shape of shells, leaves and the alphabet are becoming more and more popular with bakeries to revolutionize cake decoration. Food-grade silicone molds have become a major driver of the European fondant market as bakeries and interior designers are poised to simplify their work with themed cake fondant.

Key Players in the Market:

Major Key Players in the Global Fondant Market are

• Arctos Creme Sp. z o.o.
• Barry Callebaut Schweiz AG
• Bob’s Red Mill Natural Foods
• Cake & Craft
• Dawn Food Products, Inc
• Global Sugar Art
• Holger Food Group Sp. z o. o
• JF Renshaw Ltd
• Kerekes Bakery & Restaurant Equipment Inc