Fillings and Toppings Market by Type (Chocolate-Based, Caramel-Based, Fruit-Based, Nut and Seed-Based, Dairy-Based, and Others), Application (Bakery Products, Dairy and Frozen Desserts, Beverages, Confectionery Products, and Others): Global Market Size Estimates and Forecast (2022–2030)
The market crossed US$ 12.0 billion mark in 2022 and is expected to hit US$ 19.0 billion by 2030, recording a CAGR of 6.0% during the forecast period.
Fillings and toppings market has been significantly growing with the high adoption of fruit-based segment.
Rising health consciousness among population and Increased consumer inclination towards natural flavors are some of the major factors driving the growth of fillings and toppings market. Rapidly growing bakery and confectionery industries is further attributing the market growth. The chocolate-based segment is expected to pace up with the rising demand from young generation for chocolate-based toppings. Further, other segment such as caramel-based, nut-based, fruit-based, dairy based, and others is also expected to gain traction during the forecasted year.
Within the report, the market is segmented into type, application, and geography. By product type, the market is further segmented into chocolate-based, caramel-based, fruit-based, nut and seed-based, dairy-based, and others. Based on application, the market is divided into bakery products, dairy and frozen desserts, beverages, confectionery products, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Increasing demand for topping and filling to enhance taste and texture of product has empowered the growth of futuristic innovations.
Functional properties of fillings and toppings has surged its use wide application such as bakery products, confectionery products, dairy and frozen desserts, and others. The use of fillings and topping in various application industries has surged owing to offer better taste, texture, flavor, and appearance of the food products. Addition of exotic fillings and toppings to products are possibly able to increase their market value as consumers are finding them more appealing. Caramel, vanilla, chocolates and fruits are some of the most commonly used fillings and toppings.
Rising adoption in various industries is one of the major factors accelerating the market growth.
The industries for fillings and toppings market are the bakery products, dairy and frozen desserts, beverages, confectionery products, and others. within these industries, beverages industry is one of the industries wherein the use of fillings and toppings is increasing. This is attributed by increasing use of fillings and toppings to enhance the taste, texture, and visual characteristic of beverages products. Use of cream toppings are gaining popularity for milkshakes, gourmet coffees, milkshakes, lattes, and amongst others. the dairy and frozen desserts products are also encouraging the use of fillings and toppings in order to offer variety of product range with changing consumer demand for product variations. The other industries such as bakery products, confectionery products, and others are also encouraging the use of fillings and toppings.
Recent strategic developments in filling and toppings market
The filling and toppings market has undergone several significant developments, and a few of these have been mentioned below:
- In April 2022, Barry Callebaut announced the expansion of its production unit of specialty chocolate factory in Ontario, Canada. The expansion was aimed to expand presence in North America.
The filling and toppings market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Barry Callebaut, Cargill, Incorporated, AAK AB, Ingredion, and PreGel America are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Food and beverages associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- End users of filling and toppings
- Bakery product manufacturers
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Type:
- Chocolate-Based
- Caramel-Based
- Fruit-Based
- Nut and Seed-Based
- Dairy-Based
- Others
- Application:
- Bakery Products
- Dairy and Frozen Desserts
- Beverages
- Confectionery Products
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Barry Callebaut
- Cargill, Incorporated
- AAK AB
- Ingredion
- PreGel America
- Barry Callebaut
- Cargill, Incorporated
- AAK AB
- Ingredion
- PreGel America