Overview:
With
the rise in the demand for desserts and bakery products, the bakery
market is growing at rapid paste. Bakery products are high in demand
various developing and developed economies, and often consumed as
snacks and post lunch/dinner desserts. Bakery Fillings are very
important ingredients of various delicious bakery products which also
adds color, texture, taste and longevity to a variety of desserts and
bakery products, such as cakes, pastries and mousse. Bakery Fillings
are available with different manufacturer, in different flavours and
forms includes custard creams, fruit-based fillings, nut and
seed-based fillings and more. Bakery fillings are versatile products
which inspires creative applications, and are used mainly for various
traditional bakery products such as layer cakes, cookies, éclairs,
pies, turnovers etc.
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Global
Bakery Filling Market: Segmentation
The
global bakery filling market is segmented on the basis of type,
application and region type. The bakery filling is segmented on the
basis of type mainly includes fruit-based fillings, nuts and seeds
based fillings, and cream based fillings. Among these types,
fruit-based and cream-based fillings are consumed more as compared to
nut and seed-based fillings. The global bakery filling market can be
further segmented on the basis of applications, such as pie and tart
fillings, turnover fillings, donut fillings, tropical fillings and
others. Each application is varies on the taste and preference of the
customers and demand trends.
The
bakery fillings are also used in bakery products to improve and
retain the taste of the product longer and also increases the shelf
life of the products in some cases.
Global
Bakery filling: Regional Outlook
Geographically,
the global bakery filling market is fragmented and the major players
dominates the market whilst several domestic players enter the market
every year. Bakery filling market can be divided by major regions
which include North America, Latin America, Europe, Asia Pacific,
Middle East and Africa. Globally, among all regions, North America
has developed as the most dominant market and accounts for highest
share in terms of consumption, followed closely by Europe. Thus,
changing food habits and increasing health concerns is expected to
force the manufacturers to innovate and offer bakery filling
products, with less or no artificial sugar, and less fat content.
Furthermore the increasing demand for non-GMO (genetically modified
organisms) products will also result in growing preference towards
health oriented bakery filling launches in the developed economies.
With the rise in global bakery product demand and increasing snacking
habits globally, has strengthened the growth of global
bakery filling market and hence is projected to significantly
expand the revenue contribution of the global bakery filling over the
forecast period.
Global
Bakery filling: Growth Drivers
The
global bakery filling driving factors differs from region to region,
however certain factors like, increasing health concerns, growing
snacking habits of consumers and increasing demand of bakery products
is expected to drive the growth of bakery filling market across the
globe. Another factor which is expected to contribute significantly
to the growth of bakery filling market is increasing use of low
calorie fillings and innovation in food industry, which can help the
manufacturers to offer bakery fillings as per preference of health
conscious consumers.
Global
Bakery filling: Players
Some
of the major players identified across the value chain of the global
bakery filling include Tech Food Sdn Bhd., CSM Bakery Solutions, EFCO
Products, Inc., Dawn Food Products, Inc., Rice & Company, Inc.,
Doris Italian Market & Bakery, Tereos Starch & Sweeteners
s.a.s., Avebe, Calprofoods, Baker Food Processors Ltd., and Trisco
Foods.
The companies are expected to expand their business by enhancing their product portfolio in global bakery filling market and offer new products. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global bakery filling till 2024.
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