The global bake stable pastry fillings market is projected to be USD 1.2 billion by the end of year 2025, according to Million Insights, registering a 4.8% CAGR over the forecasted period. Growing of confectionery and baked products is the key driver to drive market growth. In addition, the rising demand for nut, fruit, and chocolate pastry filling flavors in cakes, cookies, and pastries is projected to further drive the market growth over the forecast period.
Increasing shift towards consumption of sweet bakery products owing to the adoption of western culture in Asian countries has fueled the demand for the bakery and bread industry. In addition, increasing urbanization and rapidly changing lifestyle are expected to open new avenues to convenience food. Moreover, the growing population of working professionals are expected to drive the bakery market growth, thereby anticipated to fuel the bake pastry fillings demand.
In 2018, the fruit segment accounted for the largest market share of over 50.0% in terms of revenue. Rising consumption of fruit flavored bakery products has fueled the growth of bake stable pastry fillings market. Moreover, the emergence of new fruit flavors such as blueberry, butterscotch, vanilla, apple, pineapple, and pomegranate increased the demand for cakes, pastry, and other products which is projected to augment the market growth. In 2019, PURATOS launched two new flavors in their Topfil product line and the flavors included are hibiscus and blackcurrant.
In addition, emergence of vegetable flavors in sweet bakery has grew the importance of bakery products across the globe. In Europe, 1% of sweet bakery launches featured vegetable flavors in 2017. Therefore, this region witnessed the highest consumption of bread and bakery products, which is expected to fuel product demand.
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Further key findings from the report suggest:
• Among types, the fruit segment accounted for the largest market share of more than 50.0%, in 2018. Nuts segment is projected to grow with a CAGR of more than 5.0% from 2019 to 2025.
• Europe held the largest market share of over 34.0%, in 2018 and expected to retain its dominance throughout the forecast period.
• Market players included in the global market are Fábrica de Mermeladas S.A. de C.V., Barker Fruit Processors Ltd, White Toque Inc., Puratos Group, Dawn Foods, Andros NA; Dr. Oetker GmbH,
Million Insights has segmented the global Bake Stable Pastry Fillings market on the basis of type, and region:
Bake Stable Pastry Fillings Type Outlook (Revenue, USD Million, 2015 - 2025)
Bake Stable Pastry Fillings Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa