PUBLISHER: Market Research Future | PRODUCT CODE: 1607751
PUBLISHER: Market Research Future | PRODUCT CODE: 1607751
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
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.
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.