Fruit Fillings Market by Filling Type, Fruit Type (Berries, Citrus Fruits, Tropical Fruits), Application (Bakery, Confectionery, Dairy, Ice Cream, Beverages), and Region (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2028
Northbrook, IL 60062 -- (SBWIRE) -- 09/27/2023 -- According to a recent research report titled "Fruit Fillings Market by Filling Type, Fruit Type (Berries, Citrus Fruits, Tropical Fruits), Application (Bakery, Confectionery, Dairy, Ice Cream, Beverages), and Region (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2028," published by MarketsandMarkets, the global fruit fillings market is on track to achieve a value of USD 3.8 billion by 2028, up from USD 3.0 billion in 2023. This growth is projected at a steady compound annual growth rate (CAGR) of 4.6% during the forecast period.
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The market's ascent can be attributed to several key factors, including increased consumer demand for convenience foods, the growing popularity of on-the-go snacks, and the rise of e-commerce platforms. Furthermore, consumers are showing a preference for premium products and are eager to explore new cuisines. They are willing to invest in high-quality and nutritious products that are low in calories and sugar. This trend is expected to persist, contributing significantly to the market's expansion. Consequently, the fruit fillings market is predominantly driven by shifting consumer preferences and the rising demand for natural, healthier, and flavorful food ingredients.
The research report comprises 388 market data tables and 35 figures spread across 299 pages, with an in-depth table of contents available at https://www.marketsandmarkets.com/Market-Reports/fruit-fillings-market-150631672.html.
Fruit Fillings Market Highlights:
Fruit Fillings without Pieces Segment Leads in 2023: Among the various filling types, fruit fillings without pieces are expected to capture the largest market share in 2023. These fillings, typically in pureed, paste, or sauce formats, offer delightful fruity flavors and essential micronutrients. Their convenience and versatility make them suitable for a wide range of food and beverage applications, contributing to their growing popularity.
Berries Segment Exhibits Rapid Growth: In 2023, the berries segment is projected to witness the fastest growth rate among all fruit types in the fruit fillings market. Berries, such as strawberries, blueberries, raspberries, blackberries, and cranberries, are favored for their unique flavors, nutritional benefits, and vibrant colors. They are commonly used in fruit fillings for bakery and confectionery products, including cakes, pastries, pies, and donuts. The steady increase in berry production for the food processing industry reflects the growing demand for value-added berry-based products, thereby driving the fruit fillings market.
Asia Pacific Emerges as a High-Growth Region: The Asia Pacific region is experiencing the highest growth rate in the fruit fillings market. This growth is attributed to increased demand for bakery and confectionery products and the expansion of the middle-class population, accompanied by rising disposable incomes, in emerging economies like India, China, and Indonesia. Additionally, data from the Institute of Grocery Distribution in 2022 indicates that China's grocery retail market is the largest in the Asia Pacific region and is consistently growing. This expansion of modern retail channels offering a wide range of food and beverage products, coupled with the rising consumption of baked goods, is bolstering the fruit fillings market in the region.
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Leading players in the fruit fillings market include:
Puratos Group (Belgium)
Dawn Food Products Inc. (US)
Agrana Beteiligungs- AG (Austria)
CSM Ingredients (Luxembourg)
Bakels Worldwide (Switzerland)
Barry Callebaut (Switzerland)
Andros Group (France)
Zentis GmbH & Co. KG (Germany)
Rice & Company Inc. (US)
Fruit Filling Inc. (US).
In summary, the global fruit fillings market is set for robust growth, driven by changing consumer preferences for healthier and tastier food ingredients, with a particular focus on natural and premium products. This market is expected to reach a valuation of USD 3.8 billion by 2028, presenting ample opportunities for industry players and stakeholders alike.
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