Market Research Future has published a cooked research report on the Global Confectionery fillings Market, 2019–2028.
The global confectionery fillings market is projected to exhibit a CAGR of 5.58% during the forecast period of 2021 to 2028.
Market Research Future has recognized the following companies as the key players in the global confectionery fillings market: AAK (Sweden), Barry Callebaut (Switzerland), Cargill Inc. (US), Dupont De Nemours, Inc. (US), The Archer-Daniels-Midland Company (US), Belgo Star (Russian Federation), Sirmulis (Lithuania), Zentis (Germany), Clasen Quality Coatings Inc. (US), and Parker Products (US).
The global confectionery fillings market is projected to be valued at USD 2,605.60 million by 2028, recording a CAGR of 5.58% during the forecast period. The growth of bakery industry is the major factor driving the market growth. Also, increasing focus on visual appeal of food items is boosting the sales of confectionery fillings in the food industry. Moreover, rising demand for premium and healthy ingredients in the application areas is creating profitable opportunities for the manufacturers. However, rising incidence of obesity and health concerns are restraining the growth of the market.
The global confectionery fillings market has been segmented based on product type, form, category, application, and region.
Based on product type the global confectionery fillings market has been segmented into fruit fillings, non-fruit fillings, and nut-based fillings. Non-fruit fillings are typically made of superfine sugar, corn syrup, shortening or oil, water, salt, flavors, gum, and other ingredients. Examples of non-fruit fillings are basic creams, custard-based creams, cheese-based creams, caramel, chocolate ganache, fudges, and marshmallows. The non-fruit segment accounted for a market share of 43.41% of the global confectionery fillings market in 2020.
Based on form, the global confectionery fillings market has been segmented into liquid, semi-liquid, and solid. In terms of value, the semi-liquid segment accounted for the largest market share in 2020. Semi-liquid fillings are majorly used in bakery applications. They are the key ingredients that bring out the taste of bakery products. Majorly used semi-liquid fillings in the bakery application are fruit pulps, pastes, and several types of creams. These filings are incorporated into various pastries and desserts such as donuts, layer cakes, pies, sandwich-cookies, eclairs, or savory baked goods to impart unique color and taste.
Based on category, the global confectionery fillings market has been segmented into water-based, fat-based, and cocoa-based. Fat-based fillings are less bake stable compared to water-based fillings. They have a smooth texture. Sugar in fat-based fillings may attract water from the baked product, which can cause moisture migration and, subsequently, dryness of the baked product. For incorporating fat-based filling in products, a desired consistency of the filling has to fit the character of the finished product.
By application, the global confectionery fillings market has been segmented into chocolate, bakery, gummies, and others. In terms of value, the bakery segment accounted for the largest market share in 2020. Bakery fillings are ready-to-use fillings. They enhance the taste and flavors of baked goods such as cakes, pies, cookies, donuts, puffs, and more. Fillings used in bakery products have numerous culinary benefits. For instance, they are bake stable, i.e., they do not ooze out while baking. They also help to retain the taste of bakery products. They also have a long shelf life of around 12 to 24 months. While using fillings in bakery products, it is essential to achieve the right texture and maintain the right consistency of the filling. Numerous fillings can be used in bakeries, such as fruit fillings, chocolate & nut fillings, and confectionery. Bakery fillings can be used with various baked products such as cakes, pies, cookies, muffins, cupcakes, and donuts.
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On the basis of region, the global confectionery fillings market has been categorized as North America, Europe, Asia-Pacific, South America and the Middle East & Africa. As per MRFR analysis, Europe constituted a dominant share of the confectionery fillings market in 2020. Europe is the world's largest manufacturer of chocolate. The region houses confectionery production plants of multinational companies such as Nestle S.A., Mondelez International, Inc., Mars, Incorporated, Lindt & Sprüngli AG, and Ferrero SA. The large confectionery companies majorly drive the consumption of confectionery fillings in the European region. The rise in popularity of organic and specialty fruit fillings among Europeans is projected to fuel the demand of the European market during the forecast period. Moreover, innovation in new flavors and blends of filling is expected to create huge opportunities for the manufacturers operating in the confectionery fillings market in the European region. Asia-Pacific is one of the most lucrative regions among the manufacturers of confectionery fillings. It accounted for a 21.39% market proportion in the global confectionery fillings market. The market in the region is projected to expand at a CAGR of 6.16% during the forecast period. The increasing demand for new flavors such as nuts and seeds and fruit bakery products among consumers is driving the demand for confectionery fillings in the region. South America holds a market share of 11.43% of the global confectionery fillings market in 2020, with Brazil being the major contributing country in the region. Brazil is among the largest producers of chocolates in the world. Argentina is predicted to witness a high growth rate across South America owing to the high demand for fruit-based confectionery fillings along with ice cream fillings across the country. The Middle East & Africa market is projected to witness a substantial growth rate of 7.55% during the review period to reach a market size of USD 175.36 million by 2028. The Middle East region is offering significant growth opportunities to chocolate manufacturers with the increasing consumption of chocolates in countries such as Iran, Israel, and the UAE.
Key Findings of the Study: