San Francisco, California, July 10, 2017: A new study by TMR Research presents an exhaustive assessment of the global market for fillings and toppings on the basis of its past and current performance to offer a deep insight into this market. The report, titled “Fillings and Toppings Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” states that the increasing research and development activities by key players to expand their product portfolios are likely to bolster the market significantly in the near future.
The sales of toppings and fillings is anticipated to rise substantially over the next few years, thanks to the vigorous rise in the demand for confectionery and bakery products among consumers, fueled by the increasing trend of urbanization and the continual surge in consumers’ disposable income. The changing lifestyles of people are also projected to boost the demand for toppings and fillings in food products in the near future. However, the stringent regulations regarding the international quality standards and the volatility of raw material prices may hamper the growth of this market over the forecast period, states the research report.
According to the report, the demand for fruit flavor fillings and toppings is higher than other flavors and is expected to increase over the forthcoming years. Beverages, desserts, convenience food, bakery products, dairy products, and confectionery have surfaced as the prime application areas of filling and toppings across the world. Among these, the demand for filling and toppings is expected to remain significantly high in confectionery over the next few years, thanks to the augmenting usage of natural ingredients and innovation in food products on the basis of taste, color, and flavor.
The report has considered Latin America, Asia Pacific, North America, the Middle East and Africa, and Europe as the main regional markets for fillings and toppings across the world. Of these, Asia Pacific and Europe are projected to provide significant opportunities for the growth of this market in the years to come. The rise in industrialization, advancement in technologies, niche customers, expanding food chains, and the increasing population are the key factors behind the progress of these regional markets, notes the study.
Associated British Foods Plc, AGRANA, Tate & Lyle Plc, Barry Callebaut, Archer Daniels Midland Co., and Cargill are some of the most prominent players in the global market for filling and toppings mentioned in this research study. With the help of several significant strategies, such as partnerships, mergers, acquisitions, and new product launches, these players are expected to tap into new grounds for profit-making opportunities in the global fillings and toppings market in the near future.