The Worldwide Fillings and Toppings Industry is Projected to Reach $15.9 Billion by 2027

DUBLIN, Sept. 12, 2022 /PRNewswire/ -- The "Fillings and Toppings Market by Type (Syrups, Pastes, and Variegates, Creams, Fondants), Application (Confectionery Products, Bakery Products), Flavor (Fruits, Chocolates, Vanilla), Form (Solid, Liquid) and Raw Material - Global Forecasts to 2027" report has been added to  ResearchAndMarkets.com's offering.

The fillings and toppings market size is estimated to be valued at USD 11.9 billion in 2022 and is projected to reach USD 15.9 billion by 2027, recording a CAGR of 6.0% during the forecast period in terms of value.

There has been a significant change in the food consumption pattern of consumers. Ready-to-eat or convenience food products are largely demanded over homemade food products. The use of fillings and toppings by food manufacturers for enhancing the taste, texture, aesthetic appeal, flavor, and color of food and beverage products is expected to drive the demand in the market. Growing urbanization in developing countries has boosted the market for bakery and confectionery products which in turn increases the market for fillings and toppings, especially in developing countries.

By form, the liquid segment is estimated to grow at the highest CAGR during the forecasted period.

Liquid toppings include honey; whipped cream; sauces such as marshmallow, butterscotch, peanut butter, chocolate, and hot caramel and hot fudge; and syrups such as rose- and maple-flavored syrups are widely used in beverages. Caramel drizzle and chocolate drizzle are available in liquid form for cake fillings and toppings. Moreover, the rising demand for baked goods with chocolate flavors is one of the major drivers boosting the market for chocolate liquid toppings. Thus, this rising demand for chocolate and its flavor is expected to positively impact the market for fillings and toppings.

By raw material, dairy ingredients segment is estimated to witness the steady growth rate over the forecast period.

Dairy Yogurt, sour cream, milk, and cheese are essential dairy ingredients used for fillings and toppings. Fresh cream such as whipped cream, creme fraiche, clotted cream, single cream, double cream, and light cream are often used as a filling and topping materials for desserts, chocolate puddings, shakes, hot chocolate drinks, cookies, scones, jam cakes, and pastries, depending on their butterfat content. Consumers are increasingly looking for dairy ingredients that will provide them with the nutrition they are seeking for their wider health goals, hence increasing the demand for the fillings and toppings market in the forecast period.

By type, sprinkles segment is estimated to witness the steady growth rate over the forecast period.

Sprinkles are small particles of sugar, chocolate, and candy that provide a sweet taste to products. In fillings and toppings, sprinkles are used in the form of chocolate sprinkles and rainbow sprinkles. Large varieties of sprinkles include confetti, nonpareils, and sparkles which are thin and long. Moreover, Consumers are demanding more from their sweet baked goods in terms of cleaner label products that provide a premium eating experience. Moreover, toppings in the form of sprinkles provide an aesthetic quality to the food products hence helping with the growth of fillings and toppings in the forecast period.

By flavor, the chocolate segment is estimated to be the second largest flavor market after the fruit segment.

Fillings such as chocolate fudge, chocolate pudding, chocolate mousse, chocolate ganache, and chocolate fudge are used for chocolate flavors in cakes. The growing trend for dessert-inspired products and for the sweet tooth, chocolate fudge, caramel, and hazelnut flavors are providing inspiration to innovate across categories. And for the more adventurous palette, innovative flavors are being increasingly associated with chocolate, hence increasing the market for fillings and toppings.

By application, dairy products and frozen desserts segment is estimated to witness highest growth rate.

Dairy products and frozen desserts include yogurts, creams, sour cream, custard, ice cream, kefir, and sherbet. Chocolate split fillings are used mainly in dairy products. The increasing demand for flavored dairy products has led to increased use of various fillings and toppings such as fruit fillings and chocolate toppings in the dairy industry. Furthermore, the consumption of desserts has also increased in recent times owing to the increasing inclusion of various non-traditional products such as ice creams and cakes in desserts.

Asia Pacific is estimated to be the fastest growing region over the forecast period.

The Asia Pacific is estimated to be the fastest growing region in the global fillings and toppings market in 2021. The countries considered in the Asia Pacific fillings and toppings market include China, India, Japan, Australia and New Zealand, and the Rest of Asia Pacific.

The immense growth in the processed food industry and the growing consumer demand for syrups, pastes, and variegates in food products are the major factors driving the fillings and toppings market growth. Other major factors that drive the fillings and toppings market growth are changes in consumer tastes and preferences; strong infrastructure, and a highly-skilled workforce, which complement the growth of the fillings and toppings market; and increasing population density and education level, increasing health awareness of the population, and rising economic status and living standard of people.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Fillings and Toppings Market
4.2 North America: Fillings and Toppings Market, by Type and Country
4.3 Fillings and Toppings Market, by Type
4.4 Fillings and Toppings Market, by Flavor
4.5 Fillings and Toppings Market, by Application and Region
4.6 Fillings and Toppings Market, by Raw Material

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Rapidly Growing Confectionery and Bakery Industries
5.1.1.2 Evolving Consumer Lifestyle
5.1.2 Restraints
5.1.2.1 Volatile Raw Material Pricing Trends
5.1.2.2 Adherence to International Quality Standards and Regulations
5.1.3 Opportunities
5.1.3.1 Growth Potential in Developing Nations
5.1.3.2 Rising Middle-Class Population Presenting Attractive Opportunities for Filling and Topping Products
5.1.4 Challenges
5.1.4.1 Rising Trends for Clean-Label Products
5.1.4.2 Health-Conscious Consumers in Developed Countries

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Development
6.2.2 Sourcing of Raw Materials
6.2.3 Manufacturing, Packaging, and Storage
6.2.4 Distribution, Marketing, and Sales
6.2.5 End-users
6.3 Market Map and Ecosystem: Fillings and Toppings Market
6.3.1 Demand Side
6.3.2 Supply Side
6.4 Patent Analysis
6.5 Porter's Five Forces Analysis
6.5.1 Intensity of Competitive Rivalry
6.5.2 Bargaining Power of Suppliers
6.5.3 Bargaining Power of Buyers
6.5.4 Threat of New Entrants
6.5.5 Threat of Substitutes

7 Regulatory Framework
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.3 Europe
7.3.1 European Union
7.3.2 UK
7.3.3 Italy
7.4 Asia-Pacific
7.4.1 India
7.4.2 China
7.4.3 Australia and New Zealand

8 Fillings and Toppings Market, by Type
8.1 Introduction
8.2 Syrups, Pastes, and Variegates
8.2.1 Increasing Consumer Preferences for Healthier Options
8.3 Creams
8.3.1 Growing Consumer Preferences for High-Quality Products
8.4 Fondants
8.4.1 Manufacturers Prefer Raw Materials with Versatile Applications
8.5 Fruits and Nuts
8.5.1 Need for Smooth Texture Propels Demand for Fruit Fillings
8.6 Sprinkles
8.6.1 Rising Demand by Consumers for Sweet Baked Goods Boosts Market Growth

9 Fillings and Toppings Market, by Application
9.1 Introduction
9.2 Confectionery Products
9.2.1 Growing Use of Natural Ingredients in Confections Boosts Demand for Confectionery Products
9.3 Bakery Products
9.3.1 Increasing Consumer Taste Preferences for Fruit Flavors
9.4 Dairy Products and Frozen Desserts
9.4.1 Increased Demand for Flavored Dairy Products
9.5 Convenience Food
9.5.1 Growing Demand for Convenience Food Compels Manufacturers to Launch Innovative Solutions
9.6 Beverages
9.6.1 Growing Consumer Demand for Beverages with Enhanced Texture and Taste

10 Fillings and Toppings Market, by Flavor
10.1 Introduction
10.2 Fruits
10.2.1 Rising Consumer Demand for Botanicals Increases Need for Fruit-Flavored Fillings and Toppings
10.3 Chocolates
10.3.1 Growing Demand for Premium Chocolate Products
10.4 Vanilla
10.4.1 Growing Consumer Demand for Authentic, Natural, and Delicious Flavors
10.5 Nuts
10.5.1 Rising Demand from Flexitarians for Plant-Based Proteins Boosts Market Growth
10.6 Caramel
10.6.1 Consumers Lookout for New Flavor Combinations
10.7 Other Flavors
10.7.1 Rising Demand for Coffee and Herbal Flavors

11 Fillings and Toppings Market, by Form
11.1 Introduction
11.2 Solid
11.2.1 Rising Consumer Inclination Toward Bakery and Confectionery Products
11.3 Liquid
11.3.1 Rising Home Events or Gatherings Boost Market Growth
11.4 Gel
11.4.1 Growing Consumer Comfort with Bakery and Pastry Products
11.5 Foam
11.5.1 Rising Consumer Preferences for Flavorsome Desserts

12 Fillings and Toppings Market, by Raw Material
12.1 Introduction
12.2 Hydrocolloids
12.2.1 Increasing Use of Additives to Improve Texture
12.3 Starches
12.3.1 Increasing Use of Starch in Food and Beverage Ingredients
12.4 Dairy Ingredients
12.4.1 Growing Consumer Inclination Toward Nutrient-Rich Products
12.5 Fruits
12.5.1 Fresh-Flavored, Health-Beneficial Fruits Boost Demand as Raw Materials
12.6 Sweeteners
12.6.1 Rising Demand for Additives Extends Shelf Life of Products
12.6.2 Natural Sweeteners
12.6.3 Artificial Sweeteners
12.7 Cocoa
12.7.1 Health-Conscious Consumers Incline Toward Clean Labeling
12.8 Other Raw Materials
12.8.1 Rapidly Growing Cafe Outlets Increased Demand for Coffee

13 Fillings and Toppings Market, by Functionality
13.1 Introduction
13.2 Glazing
13.3 Stabilizing
13.4 Viscosity
13.5 Flavor Enhancing
13.6 Texturizing

14 Fillings and Toppings Market, by Region

15 Competitive Landscape
15.1 Overview
15.2 Market Share Analysis, 2021
15.3 Historical Revenue Analysis of Key Players
15.4 Company Evaluation Matrix for Key Players
15.4.1 Stars
15.4.2 Pervasive Players
15.4.3 Emerging Leaders
15.4.4 Participants
15.5 Competitive Scenario
15.5.1 Deals
15.5.2 Other Developments

16 Company Profiles
16.1 Adm
16.2 Barry Callebaut
16.3 Tate & Lyle plc
16.4 Agrana Beteiligungs-Ag
16.5 Associated British Foods plc
16.6 Cargill
16.7 Aak Ab
16.8 Ashland
16.9 Highlander Partners Lp.
16.10 Zentis GmbH & Co. Kg
16.10.2 Products/Solutions/Services Offered
16.11 Hanan Products Co. Inc
16.12 Bake'n Joy Foods, Inc
16.13 Pregel Spa

17 Adjacent and Related Markets
17.1 Introduction
17.2 Limitations
17.3 Caramel Ingredients Market
17.3.1 Market Definition
17.3.2 Market Overview
17.4 Confectionery Ingredients Market
17.4.1 Market Definition
17.4.2 Market Overview

18 Appendix

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