PUNE, India, November 24, 2016 /PRNewswire/ --
The report "Fillings & Toppings Market by Type (Fondants, Creams, Pastes & Variegates, Fruits & Nuts, Sprinkles), Application (Bakery, Confectionery), Flavor (Fruit, Chocolate), Raw Material (Sweeteners, Cocoa), and Form (Solid, Liquid) - Global Forecasts to 2022", published by MarketsandMarkets, the global market is projected to reach USD 12.33 Billion by 2022 in terms of value, at a CAGR of 5.63% from 2016.
Browse 77 market data Tables and 62 Figures spread through 165 Pages and in-depth TOC on "Fillings & Toppings Market"
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Fillings & toppings are widely used in confectionery products, bakery products, dairy products & desserts, convenience food, and beverage applications, owing to their functional properties. They play an important role in determining the desired attributes such as taste, mouthfeel, texture, appearance, and flavor in the food & beverage products. The major factors such as constant rise in disposable income, change in eating habits, and increase in demand for confectionery and bakery products in the Asia-Pacific region have increased the demand for various fillings & toppings.
Syrups, pastes & variegates segment accounted for the largest share in the global market
The syrups, pastes & variegates segment accounted for the largest market share in the Fillings & Toppings Market due to their wide range of applications in dairy products, confectionery & bakery products, and beverages. These are generally used as fillings or toppings to enhance the aesthetic appeal of the food products.
Fruit flavor: The most widely preferred flavor in fillings & toppings
The fruit flavor segment accounted for the largest share in the Fillings & Toppings Market, in 2016. The demand for fruit flavor fillings & toppings are higher in developed countries such as the U.S. Increased health consciousness among consumers is one of the key drivers of the Fillings & Toppings Market. Furthermore, the demand for nut flavors is projected to increase in the near future, owing to their increased use in bakery & confectionery products.
Europe expected to dominate the market for fillings & toppings
In 2016, the European region accounted for the largest market share in the global Fillings & Toppings Market. The European Fillings & Toppings Market is dominated by the countries such as Germany, the U.K., France, and Italy. Increase in demand for fillings & toppings in bakery and confectionery products is driving the market in this region. Asia-Pacific region projected to grow at the highest CAGR during the forecast period. The rise in population, per capita income, buying power of population, and rapid growth in technologies have led to the growth in market opportunities in the Asia-Pacific region for fillings & toppings.
The Fillings & Toppings Market report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as 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.).
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