Global Wafer Cones Market Research Report Information by Type, By Flavor type, And by Category, By Claims, End User, Distribution Channel Forecast Till 2032
Global Wafer Cones Market Research Report Information by Type (Waffle Cone, Sugar Cone, Cake Cone), By Flavor type (Flavoured, Unflavoured/Plain ), And by Category (Dairy Based, Vegan), By Claims (Sugar Free, Gluten Free, Keto, Regular), End User (Residential, and Commercial) , Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Store, Online, and Others Forecast Till 2032
Overview of the Market
In 2023, the wafer cones market was estimated to be worth USD 2,958.15 million. It is anticipated that the global wafer cones market will expand at a compound annual growth rate (CAGR) of 3.72% from 2024 to 2032, reaching USD 4,111.00 million.
There is a surge of innovation in the dessert sector. Leading the way are artisanal ice cream shops, which provide gourmet wafer cones with a variety of tastes and textures. This trend satisfies consumers' increasing need for novel and intriguing flavor sensations. Additionally, other flours and grains are being experimented with to produce healthier wafer cone options that satisfy changing dietary requirements. Lastly, desserts' aesthetic appeal is becoming more and more significant. This is motivating the production of vibrant and eye-catching wafer cones that enhance the dessert experience as a whole. A major market opportunity for the wafer cones business is presented by the growing trend of health-conscious consumers, which gives a strategic avenue for differentiation and growth in response to changing dietary choices and wellness concerns. Demand for food products that align with these health-conscious choices is growing as a result of the growing emphasis on mindful eating and healthier lives.
Perspectives on Market Segments
Waffle cones, sugar cones, and cake cones are the three categories into which the wafer cones market has been divided.
The market for wafer cones has been divided into two segments based on the type of flavor: flavored and unflavored/plain.
The market for wafer cones has been divided into two segments: vegan and dairy-based.
The market for wafer cones has been divided into four segments based on the claim: regular, sugar-free, gluten-free, and keto.
The market for wafer cones has been divided into two segments based on the end user: residential and commercial.
The Wafer Cones Market has been divided into Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online, and Others based on the distribution channel.
Regional Perspectives
Growing disposable incomes, shifting lifestyles, and an expanding population all contribute to the growing demand for frozen desserts in the Asia Pacific wafer cones market. A wide variety of frozen delicacies are popular in the area, and wafer cones are now a staple of desserts in many Asian nations. The prominence of street food culture in Asia Pacific helps the wafer cones business, as sellers provide a variety of ice cream flavors in cones.
Wafer cone sales in North America are substantial due to the region's thriving frozen dessert sector and changing consumer tastes. The market for frozen desserts is developed and well-established in the area, and ice cream is a favorite treat among customers. The abundance of ice cream stores and dessert shops, as well as a society that values a variety of frozen dessert experiences, are driving the demand for wafer cones in North America.
Key Players
Cone Company, Scandinavian Cone Company, Konery LLC, Antonelli Bakery, Sweet Cream Company, Laxmi Wafers N Cones, Greco Brothers, Wafer Ltd, Gibsons Cornish, and Tvin CZ, s.r.o. are important players in the wafer cones market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 KEY HIGHLIGHTS
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 CONSUMPTION & NET TRADE APPROACH
3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 GROWTH PARAMETERS MAPPED - DRIVERS
4.2.1 RISING POPULARITY OF ARTISANAL ICE CREAM
4.2.2 DIVERSIFICATION OF FLAVORS AND DESIGNS
4.3 WHAT ARE THE CHALLENGES FACED BY INDUSTRY PARTICIPANTS?
4.3.1 QUALITY CONTROL AND CONSISTENCY
4.4 RESTRAINTS
4.4.1 SEASONAL DEMAND FLUCTUATIONS
4.5 OPPORTUNITY
4.5.1 HEALTH-CONSCIOUS CONSUMER TRENDS
4.6 STRATEGIC INSIGHTS
4.6.1 TECHNOLOGY UPDATE
4.6.2 REGIONAL MARKETS TO LOOKOUT FOR
4.7 REGULATORY UPDATE
4.8 MARKET TRENDS
4.9 IMPACT ANALYSIS OF COVID-19 ON GLOBAL WAFER CONES MARKET
4.9.1 IMPACT ON THE OVERALL FOOD & BEVERAGES INDUSTRY
4.9.1.1 ECONOMIC IMPACT
4.9.2 IMPACT ON THE WAFER CONES MARKET
4.9.3 IMPACT ON THE SUPPLY CHAIN OF WAFER CONES
4.9.4 IMPACT ON SUPPLY CHAIN OF WAFER CONES
4.9.4.1 PRICE VARIATION OF KEY RAW MATERIALS
4.9.4.2 PRODUCTION SHUTDOWN
4.9.4.3 CASH FLOW CONSTRAINTS
4.9.4.4 IMPACT ON IMPORT/EXPORT
4.9.5 IMPACT ON MARKET DEMAND OF WAFER CONES
4.9.5.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
4.9.5.2 CONSUMER SENTIMENTS
4.9.5.3 IMPACT ON CATEGORY OF WAFER CONES
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 PARTICIPANTS
5.1.1.1 RAW MATERIAL SUPPLIERS:
5.1.1.2 MANUFACTURERS:
5.1.1.3 QUALITY CONTROL AND TESTING TEAMS:
5.1.1.4 PACKAGING PROVIDERS:
5.1.1.5 DISTRIBUTION AND LOGISTICS PARTNERS:
5.1.1.6 RETAILERS:
5.1.1.7 CONSUMERS:
5.1.2 VALUE PERCOLATION ACROSS THE CHAIN:
5.1.3 INTEGRATION LEVELS:
5.1.4 KEY ISSUES ADDRESSED:
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
6 WAFER CONES MARKET, BY TYPE
6.1 INTRODUCTION
6.1.1 WAFFLE CONE
6.1.2 SUGAR CONE
6.1.3 CAKE CONE
7 GLOBAL WAFER CONES MARKET, BY FLAVOUR
7.1 INTRODUCTION
7.1.1 FLAVORED
7.1.1.1 VANILLA
7.1.1.2 STRAWBERRY
7.1.1.3 BUTTERSCOTCH
7.1.1.4 CHOCOLATE
7.1.1.5 OTHERS
7.1.2 UNFLAVORED/PLAIN
8 GLOBAL WAFER CONES MARKET, BY CATEGORY
8.1 INTRODUCTION
8.1.1 DAIRY BASED
8.1.2 VEGAN
9 GLOBAL WAFER CONES MARKET, BY CLAIMS
9.1 INTRODUCTION
9.1.1 SUGAR FREE
9.1.2 GLUTEN FREE
9.1.3 KETO
9.1.4 REGULAR
10 GLOBAL WAFER CONES MARKET, BY END USER
10.1 INTRODUCTION
10.1.1 RESIDENTIAL
10.1.2 COMMERCIAL
10.1.2.1 HOTELS
10.1.2.2 RESTAURANTS
10.1.2.3 CAFES
10.1.2.4 PARLOR
11 GLOBAL WAFER CONES MARKET, BY DISTRIBUTION CHANNEL
11.1 INTRODUCTION
11.1.1 SUPERMARKETS/HYPERMARKETS
11.1.2 SPECIALTY STORES
11.1.3 CONVENIENCE STORE
11.1.4 ONLINE
11.1.5 OTHERS
12 GLOBAL WAFER CONES MARKET, BY REGION
12.1 OVERVIEW
12.2 NORTH AMERICA
12.2.1 US
12.2.2 CANADA
12.2.3 MEXICO
12.3 EUROPE
12.3.1 GERMANY
12.3.2 UK
12.3.3 FRANCE
12.3.4 SPAIN
12.3.5 ITALY
12.3.6 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 CHINA
12.4.2 INDIA
12.4.3 JAPAN
12.4.4 SOUTH KOREA
12.4.5 AUSTRALIA & NEW ZEALAND
12.4.6 REST OF ASIA PACIFIC
12.5 MIDDLE EAST AND AFRICA
12.6 SOUTH AMERICA
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
13.2 COMPETITION DASHBOARD
13.3 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
13.4 FINANCIAL, BY COMPANY SALES 2022 (USD)
14 COMPANY PROFILES
14.1 THE CONE COMPANY
14.1.1 COMPANY OVERVIEW
14.1.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
14.1.3 PRODUCTS OFFERED
14.1.4 KEY DEVELOPMENTS
14.1.5 SWOT ANALYSIS
14.1.6 KEY STRATEGY
14.2 SCANDINAVIAN CONE COMPANY
14.2.1 COMPANY OVERVIEW
14.2.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
14.2.3 PRODUCTS OFFERED
14.2.4 KEY DEVELOPMENTS
14.2.5 SWOT ANALYSIS
14.2.6 KEY STRATEGY
14.3 THE KONERY LLC
14.3.1 COMPANY OVERVIEW
14.3.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
14.3.3 PRODUCTS OFFERED
14.3.4 KEY DEVELOPMENTS
14.3.5 SWOT ANALYSIS
14.3.6 KEY STRATEGY
14.4 ANTONELLI BAKERY
14.4.1 COMPANY OVERVIEW
14.4.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
14.4.3 PRODUCTS OFFERED
14.4.4 KEY DEVELOPMENTS
14.4.5 SWOT ANALYSIS
14.4.6 KEY STRATEGY
14.5 SWEET CREAM COMPANY
14.5.1 COMPANY OVERVIEW
14.5.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)