Product Code: MRFR/F-B & N/25123-HCR
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
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
- 4.9.2 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 (%)
- 14.5.3 PRODUCTS OFFERED
- 14.5.4 KEY DEVELOPMENTS
- 14.5.5 KEY STRATEGY
- 14.6 LAXMI WAFERS & CONES (LAXMI PRINT & PACKAGING)
- 14.6.1 COMPANY OVERVIEW
- 14.6.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
- 14.6.3 PRODUCTS OFFERED
- 14.6.4 KEY DEVELOPMENTS
- 14.6.5 SWOT ANALYSIS
- 14.6.6 KEY STRATEGY
- 14.7 GRECO BROTHERS LTD.
- 14.7.1 COMPANY OVERVIEW
- 14.7.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
- 14.7.3 PRODUCTS OFFERED
- 14.7.4 KEY DEVELOPMENTS
- 14.7.5 KEY STRATEGY
- 14.8 WAFER LIMITED
- 14.8.1 COMPANY OVERVIEW
- 14.8.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
- 14.8.3 PRODUCTS OFFERED
- 14.8.4 KEY DEVELOPMENTS
- 14.8.5 KEY STRATEGY
- 14.9 GIBSONS CORNISH ICE CREAM
- 14.9.1 COMPANY OVERVIEW
- 14.9.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
- 14.9.3 PRODUCTS OFFERED
- 14.9.4 KEY DEVELOPMENTS
- 14.9.5 KEY STRATEGY
- 14.10 TVIN CZ, S.R.O.
- 14.10.1 COMPANY OVERVIEW
- 14.10.2 FINANCIAL OVERVIEW, BY COUNTRY SALES 2022 (%)
- 14.10.3 PRODUCTS OFFERED
- 14.10.4 KEY DEVELOPMENTS
- 14.10.5 KEY STRATEGY
- 14.11 DATA CITATIONS