Market Overview:
The global Fillings and Toppings Market was estimated at $ 10.19 billion in 2018 and is expected to reach $ 13.49 billion by 2023, representing an annual growth rate of 5.77% in the 2018-2023 forecast period. The market is strongly affected by the increase in the bakery and confectionery industry,
Market Drivers and Restraints:
Fillings and toppings are used to improve the visual appeal of food products, and the demand for fillings and toppings is expected to increase as demand for pastry and bakery products increases rapidly as well as by the increase in disposable income and urbanization.
Pizzas and hamburgers are widely used in world food markets and have led to an international search and acceptance of fillings and toppings by a growing population. The rapid reception of Western culture by individuals have prepared them to manage the cost of junk food.
However, strict international standards and quality standards, as well as rising commodity prices can act as the main limitations for this market.
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Report segmented as
By Raw Material:
- Sweeteners,
- Cocoa
By Type:
- Fondants,
- Creams,
- Pastes & Variegates,
- Fruits & Nuts,
- Sprinkles
By Application:
- Bakery,
- Confectionery
By Flavor:
- Fruit,
- Chocolate
Geographical Analysis:
Based on the geography, the global market is examined under various regions, namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America and Europe are the dominating regions for the fillings and toppings due to the increasing trend of quick service restaurants.
Important Market Players:
The chief companies leading the market share Cargill (U.S.), Archer Daniels Midland Company (U.S.), Barry Callebaut (Switzerland), AAK AB (Sweden), Ashland (U.S.), Highlander Partners, Tate & Lyle PLC (U.K.), AGRANA (Austria), Associated British Foods plc (U.K.), L.P. (U.S.) and Zentis GmbH & Co. KG (Germany) .
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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