Bake stable pastry fillings are filling such as jam, cream, and custard that remain stable even after baking. They provide moistness, texture, and flavor to baked goods. Increase in demand for on-the-go food items and convenience baked snacks have propelled the use of bake stable pastry fillings.
The global bake stable pastry fillings market is estimated to be valued at US$ 1199.77 Mn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growth in the bakery industry has increased the demand for fillings, toppings, and glazes from bakery manufacturers. According to the American Baking Association, the U.S. bakery industry was valued at US$ 154.1 billion in 2020 and generates more than $102 billion in direct economic impact and supports more than 1.5 million jobs. Expanding bakery industry has propelled the utilization of bake stable fillings to enhance the taste and visual appeal in baked snacks. Growth in new product lines integrating bake stable fillings by bakery manufacturers is expected to continue boosting the market over the forecast period.
Segment Analysis:
The Global Bake Stable Pastry Fillings Market Size is dominated by the fruit filling segment. Fruit fillings are gaining popularity as they make pastries and bakery products more flavorful and visually appealing. Consumers prefer fruit fillings over jam and cream fillings due to their various health benefits associated with fruit intake. The fruit fillings segment accounted for over 35% of the global market share in 2023 owing to wide availability and usage of fruit fillings in a variety of bakery products such as tarts, pastries, and croissants.
Key Takeaways:
- The European region currently dominates the global bake stable pastry fillings market with over 30% share. Countries like Germany, France and UK have a strong bakery culture and consume pastries and bakery products on a daily basis. Strong domestic consumption and growth of artisanal bakeries have contributed to the lead position of Europe in the market.
- Key players operating in the bake stable pastry fillings market are Andros North America, Fábrica de Mermeladas SA de CV, Puratos Group, Herbstreith & Fox GmbH & Co. KG, Dawn Foods, Dr. Oetker GmbH, Avebe, Kandy, Barker Fruit Processors Ltd., and Mala's. These companies are focusing on new product development, expansions and acquisitions to strengthen their market position. For instance, Puratos acquired Callebaut filling operations in 2021 to enhance its filling capabilities.
- The Asia Pacific region is poised to witness the fastest growth during the forecast period driven by increasing westernization of diets and growing popularity of bakery products. Countries like China, India and Southeast Asia are key markets in this region with rising disposable incomes andexpanding retail channels.
For More Insights, Read- https://www.newsstatix.com/bake-stable-pastry-fillings-market-size-share-analysis-2023-2030/
Comments
0 comment