Fillings and Toppings Market

Market Leaders : ADM and Tate & LYLE PLC Continue to Bring Innovative Solution to Further Strengthen Their Presence in the Flilling and Toppings Market

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. The demand for fillings and toppings is projected to grow during the forecast period owing to the growth of the confectionery and bakery industries, globally. The changing dietary habits have led to a significant rise in the consumption of convenience food worldwide, which in turn is expected to fuel the demand for fillings and toppings.

Key players in this market include ADM (US), Barry Callebaut (Switzerland), Tate & Lyle (US), AGRANA Beteiligungs-AG (Austria), Associated British Foods plc (UK), Cargill (US), AAK AB (Sweden), Ashland (US), Highlander Partners (US), and Zentis GmbH & Co. KG (Germany).

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The existing players in the fillings and toppings market are focused on improving their market shares. The top players in the market have been focusing on expanding their market presence, enhancing their products, and partnering with many channel partners to cater to manufacturers across the globe. The fillings and toppings market has many organized players at the global level and unorganized players at the local level in several countries. The top ten players in the industry hold a market share of 10-15%. Furthermore, for new entrants, the entry barrier is high as this industry requires innovations in the formulation of new fillings and toppings in order to stand out in the global market.

Barry Callebaut (Switzerland) is one of the world’s leading manufacturers of high-quality chocolate and cocoa products. It is the global leader in chocolate and cocoa innovations and provides a comprehensive range of services in the fields of product development, processing, training, and marketing. Barry Callebaut is committed to sustainable cocoa production through its “Cocoa Horizons” initiative and to help ensure future supplies of cocoa used as a raw material in fillings and toppings and the company provides end product in the form of magical cocoa powder used as a topping and filling in the bakery and confectionery industries. The company continues to grow through geographic expansions into strategic growth markets, outsourcing contracts, innovations, and acquisitions. The company is currently focused on investments in the fillings and toppings market. For Instance, in April 2022, Barry Callebaut Group expanded its North American presence by building a new specialty chocolate factory in Ontario, Canada, with a production capacity of over 50,000 tons. It will focus on manufacturing compound coatings and fillings for sugar-free chocolate and high protein and other specialty products, reflecting the market trends. The investment in Ontario fits the Groups strategy to continuously nurture its global footprint, locating production close to its customers.

Tate & Lyle PLC (U.K.), is engaged in the manufacture and marketing of food and industrial ingredients. The company operates through two business segments—specialty food ingredients and bulk ingredients. It serves a broad range of applications in food & packages, animal feed, industrials, and pharmaceuticals & personal care. It operates in South America, the Middle East and Africa, Europe, and Asia-Pacific. The company is focused on partnership and expansion of its production facilities across the globe. For instance, in May 2021, Tate & Lyle announced the expansion of PROMITOR Soluble Fiber  range. The expansion sees the launch of two new liquid versions of PROMITOR: PROMITOR Soluble Fiber W and PROMITOR Soluble Fiber 90L. These versions have been developed to make adding fiber to applications including confectionery, used as fillings and also in the beverage industry.

Related Reports:

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

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Fillings and Toppings Market Size,  Share & Growth Report
Report Code
FB 4769
RI Published ON
7/11/2022
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