Newark, Dec. 08, 2022 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global filling and toppings market is expected to grow from USD 12.3 billion in 2021 to USD 21.6 billion by 2030, at a CAGR of 6.5% during the forecast period 2022-2030.
Applications for toppings and fillings include bakery, confectionery, and food and beverage products. Food items are made more enticing and appetising by toppings and fillings, which add colour, texture, taste, and flavour. Among bakery products that require fillings are creams, fondants, chocolate, truffles, pralines, caramel, etc. To make pastries, donuts, layer cakes, eclairs, pies, turnovers, sandwich cookies, etc., these are needed. Bakery fillings produce the desired texture, sweetness, firmness, adherence, shelf life, and ease of pumping or injection, among other features. The significance of fillings in baked goods is anticipated to boost market activity.
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Competitive Strategy
To enhance their market position in the global filling and toppings market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
- In 2019, ABF launched a joint venture with Wilmar International, which will transfer the existing activities of Chinese yeast and confectionery ingredients from ABF's business unit, AB Mauri, to the Yihai Kerry Arawana supply chain, wide sales channels, and regional distribution and markets.
Market Growth & Trends
The urban populace is increasingly adopting the practice of celebrating holidays. The global market for toppings and fillings is thus being driven by a rising population, rapid urbanization, and inclination for bakery and confectionery industries. Another aspect boosting the market's growth is the rise in purchasing power. The global fillings and toppings market is being impacted by a wide range of novel goods. Consumers are drawn to the food products' decoration, which also serves as a producer's USP. Today's consumers are health-conscious, but the industry has grown owing to the launch of several nutritious items. There are certain restraints and challenges faced which will hinder the overall fillings and toppings market growth. The increase in raw material prices has affected the market to some extent. Moreover, the availability of cheap alternatives further restricts the market. The stringent laws and national standards in various countries restrain the fillings and toppings market.
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Key Findings
- In 2021, the sprinkles segment accounted for the largest share of the market, with 33% and a market revenue of 4.0 billion.
The type segment is divided into creams, fruits and nuts, fondants, sprinkles, syrups, pastes, and variegates. In 2021, the sprinkles segment dominated the market, accounting for around 33% and a market revenue of 4.0 billion. Chocolate and rainbow sprinkles, for example, are utilized as fillings and toppings. Furthermore, when it comes to sweet baked goods, consumers prefer cleaner-label items that provide a better eating experience.
- In 2021, the dairy ingredients segment accounted for the largest share of the market, with 24% and market revenue of 2.9 billion.
The raw material segment is divided into fruits, starch, hydrocolloid, sweeteners, dairy ingredients, cocoa, and others. In 2021, the dairy ingredients segment accounted for the largest share of the market, with 24% and market revenue of 2.9 billion. Whipped cream, creme fraiche, clotted cream, single cream, double cream, light cream, and other fresh cream varieties are frequently used as fillings and toppings for desserts, chocolate puddings, shakes, hot chocolate drinks, cookies, scones, jam cakes, and pastries, depending on their butterfat contents.
- In 2021, the liquid segment dominated the market with the largest market share of 30% and market revenue of 3.6 billion.
The form segment is divided into gel, foam, solid, and liquid. The liquid segment dominated the market, with a market share of around 30% and a market revenue of 3.6 billion. Liquid toppings include honey, whipped cream, sauces such as marshmallows, butterscotch, peanut butter, chocolate, hot caramel, hot fudge, and syrups with tastes such as rose and maple. For fillings and toppers on cakes, liquid forms of caramel and chocolate dripping are available.
Regional Segment Analysis of the Filling and Toppings Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, North America emerged as the largest market for the global filling and toppings market, with a market share of around 33.2% and 4.0 billion of the market revenue in 2021. The growing demand for imaginative confectionery and bakery food products in this region is what drives the development of fillings and toppings. Additionally, with the population's increasing spending power and the area's quick urbanization, the demand for toppings and fillings in this region is probably going to see prospects for expansion.
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Key players operating in the global filling and toppings market are:
- Cargill
- Archer Daniels Midland Company
- Barry Callebaut
- Tate & Lyle PLC
- AGRANA
- Associated British Foods plc
- Hanan Products
- Bake'n Joy
- PreGel
- AAK AB
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Brainy Insights has segmented the global fillings and toppings market based on the below-mentioned segments:
Global Filling and toppings by Type:
- Creams
- Fruits and Nuts
- Fondants
- Sprinkles
- Syrups
- Pastes
- Variegates
Global Filling and toppings by Raw Material:
- Fruits
- Starch
- Hydrocolloid
- Sweeteners
- Dairy Ingredients
- Cocoa
- Others
Global Filling and toppings by Application:
- Dairy Products and Frozen Desserts
- Beverages
- Convenience Foods
- Bakery Products
- Confectionary Products
Global Filling and toppings by Functionality:
- Glazing
- Stabilizing
- Viscosity
- Flavor Enhancing
- Texturizing
Global Filling and toppings by Form:
- Gel
- Foam
- Solid
- Liquid
Global Filling and toppings by Flavor:
- Chocolate
- Caramel
- Fruit
- Vanilla
- Nut
- Others
About the report:
The global filling and toppings market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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