The fillings and toppings market size is expected to see strong growth in the next few years. It will grow to $19.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to health and wellness trends, flavor exploration, clean label movement, plant-based revolution, customization and personalization. Major trends in the forecast period include digitalization in marketing, collaborations and limited editions, packaging innovations, sugar reduction strategies, functional ingredients..
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Segmentation & Regional Insights
The fillings and toppings market covered in this report is segmented –
1) By Type: Fondants, Creams, Syrups, Pastes, and Variegates, Sprinkles, Fruits and Nuts
2) By Flavor: Fruits, Chocolates, Vanilla, Nuts, Caramel, Other Flavors
3) By Form: Solid, Liquid, Gel, Foam
4) By Application: Bakery Products, Confectionery Products, Dairy Products and Frozen Desserts, Beverages, Convenience Food
Europe was the largest region in the fillings and toppings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fillings and toppings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rapid growth of the confectionery and bakery industry is driving the fillings and toppings market. The confectionery industry is involved in the making of sweet foods such as candies and chocolates. The bakery industry includes the sales of baked foods such as bread, cakes, and others. Fillings and toppings are used for improving the taste, flavor, and appearance of confectioneries and bakery products. For instance, in November 2022, according to Agriculture and Agri-Food Canada, a Canada-based department of the government, total global retail sales of baked goods were equal to $425.7 billion in 2022, an increase from $407.2 billion in 2021. Therefore, the growing confectionery and bakery industry is driving the growth of the fillings and toppings market forward.
Key Industry Players
Major companies operating in the fillings and toppings market report are Cargill Incorporated, Tate & Lyle PLC, AAK AB, Zentis GmbH & Co. KG, Archer Daniels Midland Company, Barry Callebaut AG, Associated British Foods plc, AGRANA Beteiligungs-AG, Ashland Global Holdings Inc., Bake’n Joy Foods Inc., Olam International Limited, Ingredion Incorporated, Hanan Products Co. Inc., PreGel S.p.A., Stewart Ingredient Systems Inc., Kerry Group plc, Taura Natural Ingredients Limited, Dawn Food Products Inc., WILD Flavors and Specialty Ingredients Inc., Puratos Group NV, Sensient Technologies Corporation, The Hershey Company, The Kraft Heinz Company, The Schwan Food Company, Fruit Fillings Inc., Wawona Frozen Foods, General Mills Inc., Nestle S.A., Hormel Foods Corporation, J.M. Smucker Company
The fillings and toppings market report table of contents includes:
1. Executive Summary
2. Fillings and Toppings Market Characteristics
3. Fillings and Toppings Market Trends And Strategies
4. Fillings and Toppings Market – Macro Economic Scenario
5. Global Fillings and Toppings Market Size and Growth
……………….
31. Global Fillings and Toppings Market Competitive Benchmarking
32. Global Fillings and Toppings Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fillings and Toppings Market
34. Fillings and Toppings Market Future Outlook and Potential Analysis
35. Appendix
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