“Fillings & toppings market projected to grow at a CAGR of 5.63%”
The fillings & toppings market is projected to grow at a CAGR of 5.63% from 2016 and reach USD 12.33 billion by 2022. The demand for fillings & toppings is projected to grow, due to rapid increase in demand for confectionery products and bakery products, rise in disposable income, and rapid urbanization However, stringent international quality standards & regulations and increase in raw material prices are the major restraints for this market.
“Fruits & nuts segment projected to grow at the highest CAGR during the forecast period”
On the basis of type, the fillings & toppings has been segmented into syrups, pastes & variegates, fondants, creams, fruits & nuts, and sprinkles. The syrups, pastes & variegates segment accounted for the largest market share for 2015. However, the fruits & nuts segment is projected to be the fastest-growing during the forecast period. Factors such as increase in health consciousness, growth in trend of dinning outside among customers, and authenticated flavors of fruits and nuts are expected to increase the demand for fillings & toppings.
“Confectionery products segment to dominate the global fillings & toppings market”
On the basis of application, the fillings & toppings market has been segmented into confectionery products, bakery products, dairy products & frozen desserts, beverages, and convenience foods. Convenience foods is projected to be the fastest-growing segment during the forecast period. The confectionery products segment accounted for the largest market share in 2015. Increase in disposable incomes, change in food habits of consumers, impulse purchase, and innovative products with different flavors, taste, and colors are the major factors affecting the demand for fillings & toppings in various application segments.
“Asia-Pacific projected to be the fastest-growing region in the market.”
The Asia-Pacific region is projected to be the fastest-growing region, in terms of value, in the global fillings & toppings market, in 2015. This region comprises economies such as China, Japan, India, and Australia & New Zealand, which are the largest consumers of fillings & toppings in the region. The impact of western dietary habits and rapidly increasing caf? chains in the Asia-Pacific region is expected to grow during the forecast period.
Break-up of primaries:
- By Company Type: Tier 1 – 40 %, Tier 2 – 40%, and Tier 3 – 20%
- By Designation: C - level – 10%, Directors – 40%, and Others – 50%
- By Region: Europe – 60%, North America - 20%, and Asia-Pacific – 20%
The global market for fillings & toppings is dominated by large players such Cargill (U.S.), Archer Daniels Midland Company (U.S.), Barry Callebaut (Switzerland), Tate & Lyle PLC (U.K.), AGRANA (Austria), and Associated British Foods plc (U.K.). Other players in this segment include AAK AB (Sweden), Ashland (U.S.), Highlander Partners, L.P. (U.S.), and Zentis GmbH & Co. KG.
The fillings & toppings market has been segmented on the basis of type, application, form, flavor, raw material, and region. In terms of insights, this research report has focused on various levels of analyses?industry analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global fillings & toppings market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons To buy this report:
- To get an overview of the global fillings & toppings market
- To get an overview of the key players of the fillings & toppings industry and product portfolios and key strategies adopted by key players to attain the market presence
- To gain insights of the major region in which the fillings and toppings market is growing