The Fillings and Toppings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Fillings and Toppings Global Market Report 2024, The fillings and toppings market size has grown strongly in recent years. It will grow from $13.28 billion in 2023 to $14.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to limited editions and seasonal offerings, marketing strategies, packaging evolution, plant-based options, convenience focus..
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..
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.
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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
Major companies operating in the fillings and toppings market are developing new flavours to sustain their position in the market. For instance, in October 2022, Puratos, a Belgium-based food products manufacturing company launched new colored and flavored compound and compound fillings. The company launched Carat Cover Classic for coating, ganache, garnishing, and enrobing, offering flavors like Mango, Strawberry, Orange, and Pineapple. The Carat Supercrem range provides smooth flavorings such as Mango, Strawberry, Orange, Pineapple, Roasted Almond, and Pistachio, suitable for various applications, including cookies, donuts, mousse cups, and pralines.
The fillings and toppings market report table of contents includes:
1. Executive Summary
- Fillings and Toppings Market Characteristics
- Fillings and Toppings Market Trends And Strategies
- Fillings and Toppings Market – Macro Economic Scenario
- Global Fillings and Toppings Market Size and Growth
. - Global Fillings and Toppings Market Competitive Benchmarking
- Global Fillings and Toppings Market Competitive Dashboard
- Key Mergers And Acquisitions In The Fillings and Toppings Market
- Fillings and Toppings Market Future Outlook and Potential Analysis
- Appendix
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