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Fillings and Toppings Market Share, Analysis | Industry Growth Report
Posted: Jul 29, 2022
The Fillings and Toppings Market size is estimated to be valued at USD 11.9 billion in 2022 and is projected to reach USD 15.9 billion by 2027, recording a CAGR of 6.0% during the forecast period in terms of value.
The market for fillings and toppings has been driven by several external factors such as growing urbanization, changing taste preferences with unique flavors, changing traditional eating patterns, expanding food chains, and a growing population that has contributed to the markets expansion. Additionally, increased consumption of convenience food and snacking habit, busy lifestyle, are some other factors that had enhanced the market demand. Developing markets offer higher potential for greater market penetration, while in developed markets, innovation in new flavors and healthy ingredients drive the market growth.
By type, fruits and nuts is the second fastest growing segment in the global fillings and toppings market.Fruits and nuts that are largely used as inclusions or for a topping purpose are mainly in dried or processed form. Nuts in fillings and toppings are largely used for puddings, crumbles, dessert cakes, and ice creams. There are many nut pies such as dried apricot and walnut tart, mixed nut toffee tart, and chocolate peanut butter tart which are used in dessert. Callebaut (Switzerland) provides a homogeneous hazelnut paste that is used for flavoring fillings. With the increasing demand for plant-based products, the market for fruits and nuts is expected to grow at the fastest rate during the forecast period.
By raw material, cocoa is the second fastest growing segment in the global fillings and toppings market.Cocoa is largely used as a raw material for the manufacturing of semi-sweet or bittersweet chocolate. Bakery and confectionery are the key application industries for cocoa. Cocoa is used for a wide range of other applications, which also include cereals, dry mixes, ice cream, desserts, beverages and dairy. Furthermore, cocoa powder and chocolate syrups serve as a filling ingredient in the preparation of various beverages and drinks. Hence. Increasing the demand for cocoa as a raw material in the forecast period.
By flavor, the vanilla segment is projected to grow progressively during the forecasted period.The vanilla flavor is one of the most popular ice cream flavors in the world. It has different flavor profiles such as natural vanilla flavor, beany vanilla flavor, buttery vanilla flavor, milky vanilla flavor, and many more, which provide different fillings and toppings choices for different food products. In Germany, people prefer buttery vanilla flavor as compared to any vanilla flavor in France. Vanilla offers different types of cake fillings such as vanilla mousse, vanilla custard, vanilla pudding, and vanilla cream. Vanilla cream toppings are offered for vanilla flavor in various desserts and drinks, hence increasing the demand for the vanilla flavor segment in the forecast period.
By application, the beverages segment has a progressive growth in the fillings and toppings market over the foreseeable future.Beverages, soy isolates are used in liquid whipped toppings, pre-whipped toppings, sour cream dressings, and coffee whiteners. Soy concentrates and isolates are also used as a source of protein in instant beverages. It helps in enhancing the texture, taste, and visual characteristics of food products. Hot chocolate, café mocha, and frappes drinks are topped with fat-coated honeycomb, mini mallows, milk chocolate curls (blossoms), and caramel fudge. Toppings add value to both, hot and cold beverages. Cream toppings are gaining popularity for gourmet coffees, milkshakes, specialty cappuccinos, lattes, and teas, hence increasing the demand for fillings and toppings.
By form, the liquid segment is anticipated to be the fastest growing segment in the fillings and toppings market over the foreseeable future.The liquid form is used in accordance with the requirement of applications such as ice creams, cakes, yogurt, pastries, chocolates, and beverages. The ingredients used to manufacture fillings and toppings play an important role in the final form. For instance, fruit syrups and chocolate syrups in a specific proportion results in the formation of a solid fillings and toppings form, which is suitable for use in the preparation of bakery and confectionery products. Moreover, with an increasing demand for diversified food with artisanal fillings in the confectionery industry is driving the market for the liquid form segment.
By region, Europe was the largest regional market for the fillings and toppings industryEurope accounted for the largest share in the global fillings and toppings market; however, it is expected to grow at a slow rate during the forecast period. It remains one of the important markets for fillings and toppings companies due to its size. The European fillings and toppings market is led by countries such as Germany, the U.K., France, and Italy. Changing consumer trends, such as the rising level of health consciousness, which has compelled consumers to pay more attention to their diet, have reformed the overall bakery industry in the country. Expanding product ranges to include healthier products helped companies grow with the changing preference of consumers. Moreover, In developed economies such as Germany, childhood obesity and juvenile diabetes cases are increasing. Such factors have led health-conscious consumers to increasingly select for healthier food products that contain calorie content in the prescribed range. This has resulted in chocolate and bakery manufacturers using fruits and nuts as fillings and toppings for their products.Leading companies are ADM (US), Barry Callebaut (Switzerland), Tate and Lyle (US), AGRANA Beteiligungs-AG (Austria), Associated British Foods plc (UK), Cargill (US), AAK AB (Sweden), Ashland (US), Highlander Partners (US), and Zentis GmbH and Co. KG (Germany).I am a market research analyst in agriculture and food & beverages domain