Taiyaki Ice Cream Market Forecast and CAGR
The taiyaki ice cream market is expected to exhibit robust growth in the coming 10 years (2021-2031). Ice cream is a kind of dessert that can be consumed in combination with different drinks or food items which makes it even more delicious. This will increase the consumption of ice creams and is anticipated to show an upliftment in demand for different types of flavoured ice creams in the forecasted period.
Strong cravings of creamy and sugary edibles are nearly irresistible. Consumers find ice creams to be a perfect dessert that can be consumed before or after a meal. One of the most liked ice creams is a taiyaki ice cream that is made from pancake or waffle batter and served with luscious fillings. Consumers enjoy eating these flavourful ice creams as it gives them the satisfaction of an appetizing combination of pancakes or waffles with differently savoured ice creams or custard.
What is Driving Demand for the Taiyaki Ice Cream?
Unique flavours with a wide range of products are what attract customers in this market. A fish-shaped ice cream cone in the form of sweet and sugary pancake or waffle is a concept that first started in Japan and then became popular in other regions as well. Consumers loved this type of ice cream due to the pleasure they received from the mouth-watering toppings such as sprinkles, caramel sauce and condensed milk.
Nowadays, consumers are getting health-conscious, which is highly influencing the demand for ice creams. So, alternative products are being introduced in the market that is vegan or plant-based in which sugar is replaced with honey to cater to the needs of different consumers. By addressing these concerns, a huge customer base could be made that might result in an increase in the demand in the future.
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Covid-19 Impact on Global Taiyaki Ice Cream Market
The effects of this pandemic are seen globally. Every sector of every country is deeply affected by the widespread of this virus. A negative impact has been observed in the economy across the whole world which is also having a bleak impact on the GDP of different countries.
Due to the lockdown, restaurants, cafes and ice cream parlours were shut down which had a negative impact on the sales in the market. But as there is an ease on the restrictions, all the restaurants and ice cream shops are now reopened. This led to an increase in the demand for ice creams which is expected to rise even further.
The US and Canada Demand Outlook for Taiyaki Ice Cream Market
This fish-shaped ice cream was primarily introduced in Japan. After which it became popular across other countries as well, including US and Canada where manufacturer were sold under different names. The new flavours of ice creams and custard used as fillings are attracting the consumers which is leading to a rise in the demand in North America.
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Europe Taiyaki Ice Cream Market Outlook
Greater adaptability of such tastes has made the market grow very swiftly. Different countries such as Germany, U.K. and Italy have started consuming taiyaki ice cream to enhance their flavours and develop their taste in such types of desserts. Due to this their market share is expected to increase slowly and gradually over the forecasted years.
Who are the Key Manufacturers of the Taiyaki Ice Cream Market?
Some of the leading manufacturers in this market are
- Taiyaki NYC
- Gelato Manufacturing
- Guangzhou City Pengda Mechanieries Co. Ltd.
- And Harajuku
- Tokyo Café.
These manufacturers are adopting different marketing strategies to gain a higher market share by expanding the product line as per the tastes and preferences of the consumers. New flavours have been added as per the demand of the customers with tasty toppings to give them an appealing look and vegan ice creams are being used as fillings to create a large customer base.
Taiyaki Ice Cream Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By Material Type
- Pancake Batter
- Waffle Batter
- Caramel Sauce
By Filling Type
- Red bean paste
- Ice cream
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- Northern Africa
- South Africa
- Other Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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