(Food-Beverage-News.Com, February 15, 2018 ) Global Fillings and Toppings Market has been estimated at USD 9.11 billion in 2016 and is projected to reach USD 12.06 billion by 2021, at a CAGR of 5.77% during the forecast period from 2016 to 2021. The market is driven by the demand from Asia-Pacific countries, predominantly India, China, Japan, Australia, & New Zealand. The market is vastly affected with the upsurge in size of the confectionery and bakery industries and rise in disposable income & urbanization.
Pizzas and Burgers have widely penetrated the world food markets leading to Fillings & toppings being internationally wanted and accepted by a growing population. The fast reception of the Western culture by individuals and expanding disposable income have made them ready to manage the cost of junk food.
Fillings and Toppings products are used to enrich the visual appeal of the food products and the demand for fillings and toppings is projected to grow, due to prompt increase in demand for confectionery products and bakery products, rise in disposable income, and rapid urbanization. However, strict international quality standards & regulations and increase in raw material prices are the major limitations for this market.
The Global market for Fillings and Toppings is categorized on the basis of Type, the market has been segmented into Syrups, pastes and variegates, Fondants, Creams, Fruits & nuts and Sprinkles. On the Basis of Application, the market has been segmented into Confectionery products, Bakery products, Dairy products & frozen desserts, Convenience foods and Beverages. Based on Form, market is divided into Solid, Liquid, Foam and Gel. Based on Flavour, the market has been segmented as Fruit, Caramel, and Chocolate, Vanilla, Nuts and Others (mint, coffee, and herbs). Based on Raw Material, the market has been segmented into Hydrocolloid, Starch, Fruits, Dairy ingredients, Sweeteners, Cocoa and Others (nuts, coffee, and herbs). On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
The major companies dominating 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) .
Market Segmentation 1) Type • Fondants • Creams • Pastes & Variegates • Fruits & Nuts • Sprinkles • Y-o-Y Growth Analysis, By Product • Market Attractiveness Analysis, By Product • Market Share Analysis, By Product
2) Application • Bakery • Confectionery • Y-o-Y Growth Analysis, By Application • Market Attractiveness Analysis, By Application • Market Share Analysis, By Application 3) Flavor • Fruits • Chocolate • Y-o-Y Growth Analysis, By Flavor • Market Attractiveness Analysis, By Flavor • Market Share Analysis, By Flavor
4) Raw Material • Sweeteners • Cocoa • Y-o-Y Growth Analysis, By Raw Material • Market Attractiveness Analysis, By Raw Material • Market Share Analysis, By Raw Material
5) Form • Solid • Liquid • Y-o-Y Growth Analysis, By Form • Market Attractiveness Analysis, By Form • Market Share Analysis, By Form
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
