Fondant Market: Introduction
A recent report published by Transparency Market Research on the Europe fondant market includes industry analysis and opportunity assessment for 2020-2030. The overall revenue generated by the Europe fondant market is US$ 526.5 Mn in 2020, and is estimated to reach ~US$ 774 Mn by the end of the forecast period.
Growing Popularity of Artisan Products Showing Upward Growth Trend of Europe Fondant Market
Artisan bakery products are handcrafted and made using high quality natural ingredients according to conventional methods. Main factors driving the number of artisan bakeries are increasing demand for bakery & confectionary products and shifting lifestyles & customer purchasing behaviour. The rising demand for high-quality natural ingredients in food products is also a key factor behind the growing number of artisan bakeries worldwide. There is a rising demand for artisan bakery products, particularly from customer side, for quality products.
Changing consumer perception about food products is benefitting the fondant manufacturers. Consumers nowadays pay more attention on ingredients of products they consume. The increased awareness about clean label products can be seen in with change in purchasing pattern of consumers. The perception of clean label vary for different consumers, for most of them clean label means ingredients that they can recognize. The skyrocketing demand for clean label products is impacting the sales of fondant.
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Robust Growth of Bakery & Confectionery Industry in Europe Driving Europe Fondant Market
The bakery industry is expanding in Europe due to high demand for premium products. The demand of bakery & confectionery products has witnessed robust growth in the past decade with change in a consumer’s food choices. The high demand for fondant is also observed attributed to high disposable income of European consumers.
The change in lifestyle coupled with high expenditure on quality products has led to a shift in consumer eating habits, making numerous desserts and flavors available to consumers. This results in growing market for chocolate dessert, which is expected to drive the Europe fondant market in Europe. Thus, the rapidly growing bakery & confectionery industry is said to be the key factor fueling the demand for fondant.
The rising popularity of low-fat, low-calorie, locally sourced, environment-friendly, free, and whole grain-based baked goods is a major consumer trend influencing the demand for bakery products.
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Well-established Foodservice Sector Impacting Sales of Fondant
The experience of dining out is part of everyday life, and the foodservice industry is increasingly expanding all over Europe, accounting for about 20% share of the overall demand for foodservices.
In order to meet consumer demand, the growing foodservice industry is looking for convenient food items, especially bakery products. Ready-to-use fondants assist the foodservice industry in meeting this demand. Fondant helps to add unique flavor and texture to the finished product, while helping the foodservice industry to draw more consumers by offering better bakery and confectionery products.
Europe Fondant Market Segmentation
Europe Fondant Market, by Product Category
· Fondant
· Icing
· Glazing
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Europe Fondant Market, by Aggregate Type
· Wet
· Powdered
Europe Fondant Market, by End Use
· Bakery Industry/Chain
· Commercial Foodservice
· In-store Bakery
· Artisan Production
· Online Retail Sectors
Europe Fondant Market, by Application
· Bakery
o Pastries
o Cookies
o Cakes
· Confectionery
o Sugar
o Chocolate
o Others
Europe Fondant Market, by Country
· Germany
· France
· U.K.
· Ireland
· Benelux
· Poland
· Iberica
· Italy
· Greece
· Scandinavia
· Israel
· Rest of Europe
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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