Fillings & Toppings Market size is $10.2Bn in 2019, growing at a CAGR of 5.75% during the forecast period 2020-2025. The fillings and toppings play an important role to determine the desired qualities such as texture, taste, mouthful, flavor, and appearance in the food and beverage products. Filling and toppings is eye catching and they attract the consumer by adding prettiness to the product. The combinations of fillings and toppings can stretch the ingredient by providing the look of more fruit by using fillings. Fillings in food items like meat, fish, pasta, frozen food and bakery are processed with the stabilizer systems in the factory that are adjusted based on the viscosity and texture. The shelf life of the product can be increased with the use of these fillings and toppings and also the manufacturer focuses on using low-calorie fillings or low sugar toppings for health-conscious consumers.
By Type – Segment Analysis
In 2019, Fruits & Nuts segment dominated the Fillings & Toppings Market in terms of revenue is estimated to grow at a CAGR of 6.17% owing towards wider application in areas like bakery products, confectionery products, dairy products, and frozen products. Fruit& Nuts is a source of essential vitamins, minerals and other nutritional elements that are rich in fiber. Fruit flavors carry an alluring appearance and sumptuous texture, bright colors, and fresh tastes. It contains dietary fiber, antioxidants, flavonoids, and other health beneficial essentials. It is used in ice cream, other food items owing to its flavor, texture, and taste. It helps reduce constipation, diverticulosis, and risk of chronic diseases. Rapidly growing food and beverages industry, increasing adoption of cross-cultural cuisines in regular diet, growing base of the working population are some factors is set to fuel growth of the target market.
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Geography – Segment Analysis
In 2019, the Europe region dominated Fillings & Toppings Market in terms of revenue with a market share of 32% attributed to high demand for confectionery, bakery, and dairy products filled with toppings. This region has extensive usage in frozen and dairy, confectionery, and bakery products, fruits and nuts are prognosticated to attain a wider share in aiding growths to the market. Ease of doing business, and broad application spectrum are also some of the prominent factors for the growth in this region. Government has taken initiatives to promote advancements in this region are key factors in the growth of the Fillings & Toppings market. Asia Pacific is projected to record the fastest growth rate during the forecast period 2020-2025.
Drivers – Fillings & Toppings Market
Organic Ingredients and High Nutritional
Growing awareness about the application of chemical ingredients and related health concerns has evoked a wide-scale usage of organic products in the food and beverage industries. Concurrently, the European industry is progressively embracing the vegetable and fruit ingredients for enhancing color and flavor and including organic additives and preservatives for manufacturing several food products. Consumers demand for high quality products with no changes in nutritional, mineral and calcium properties, and changes in food consumption pattern of people in the past are driving the market.
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Challenges – Fillings & Toppings Market
Strict Regulations by Government
Strict regulations imposed by government agencies for different regions and lack of a uniform regulatory structure are restraining growth of the market. The high capital investments and strict regulations for the consumer safety are restraining the growth of the market.
Fillings & Toppings Industry Outlook
Product Launches was the key strategy of the players in the Fillings & Toppings Industry. Fillings & Toppings top 10 companies include AAK AB, Agrana Beteiligungs-Ag, Archer Daniels Midland Company, Ashland, Associated British Foods PLC, Barry Callebaut, Tate & Lyle PLC, Zentis GmbH & Co. Kg, Olam International and The Kraft Heinz Company.
In March 2019, Archer Daniels Midland Company launched GrainBridge. This product launch helped the company in providing grain marketing decision support, e-commerce, and account management software.
In November 2019, Olam International acquired Dangote Flour Mills Plc. A flour and pasta manufacturing company. This acquisition helped in increasing consumer demands for organic and chemical free products.
In January 2019, The Kraft Heinz Company acquired Primal Nutrition, LLC, makers of Primal Kitchen branded products. This acquisition helped company by driving its growth across multiple categories and in reaching more consumers.
Rising disposable income and innovative products is set to propel the growth of the market.
Increased demand for the consumption of dried fruits, canned fruit, and syrup preserved fruits.
Increasing health awareness among consumers is steadily causing a shift towards safer, convenient, healthy, and refreshing beverages.
Asia-Pacific region is anticipated to record the fastest growth rate during the forecast period 2020-2025.
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B. Bakery Filling Market
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