Bake Stable Pastry Fillings Market Is Expected To Reach $ 2.17 Billion By 2030


 San Francisco, 16 May 2024: The Report Bake Stable Pastry Fillings Market Size, Share & Trends Analysis Report By Product (Chocolate, Fruits, Nuts, Others), By Region, And Segment Forecasts, 2023 - 2030

The global bake stable pastry fillings market size is expected to reach USD 2.17 billion by 2030, registering a CAGR of 6.5% during the forecast period, according to a new report by Grand View Research, Inc. Rise in the consumption of bakery products and confectionery, coupled with the expansion of online retail in the bakery food ingredients category is expected to be a key factor contributing to the growth of the market. The popularity of pastry fillings is being witnessed among people of all age groups, including generations X, Z, and millennials across the globe. Furthermore, bake stable pastry fillings are perfect for all seasons. Often, these are paired with pastries to enjoy multiple flavors and textures, while sometimes consumed independently.

Pastry fillings are also paired with cakes, brownies & waffles, and are widely consumed during festivals, parties & events. Convenient packaging and home baking trend are other factors supporting the demand for bake stable pastry fillings. Manufacturers focus on product innovation and launch keeping in mind the consumers’ interests and the combination of different pastry flavors. For instance, in January 2020, British Bakels, a bakery ingredients company, expanded its vegan offerings with the introduction of bake-stable fillings. These fillings are available in orange, lemon, chocolate, and caramel flavors.The ready-to-use fillings can be injected into muffins, doughnuts, pastries, cupcakes, and small fine sweet goods.

The fruits segment accounted for the maximum share of the global revenue in 2022. Consumers prefer bakery products that not only provide a flavor boost but also offer nutrients, textural variety, and a visual appeal. Thus, a high preference for fruit flavors that retain natural sugars making the bakery products healthy will boost the demand for bake-stable fruit pastry fillings. The market is consolidated in Europe with a major share occupied by Puratos Group and Dr. Oetker GmbH. However, it is fragmented in other regions/countries due to the presence of a large number of players including Avebe, Dawn Foods, Herbstreith & Fox GmbH & Co. KG, Barker Fruit Processors Ltd., Kandy, and Mala’s.

Access Research Report of Bake Stable Pastry Fillings Market @ https://www.grandviewresearch.com/industry-analysis/bake-stable-pastry-fillings-market

Bake Stable Pastry Fillings Market Report Highlights

  • The bake-stable nut pastry fillings segment is projected to register the fastest growth rate owing to the increasing demand for bakery products with nut fillings, such as almond fillings
  • Moreover, they offer a premium look to pastries and are low-fat. Nuts are loaded with antioxidants and offer a range of benefits including the reduction in the risk of heart attack & stroke, cholesterol, triglyceride levels, and inflammation
  • Companies have been investing in mergers & acquisitions as well as capacity expansions to gain a competitive advantage
  • For instance, in September 2020, Givaudan divested its pectin business to Herbstreith & Fox. This initiative was aimed at enabling the company to expand its core markets across Europe, North Africa, and the Middle East while gaining a stronger foothold in Poland
  • Asia Pacific is expected to register the fastest growth rate during the forecast period. There is a high demand for low-fat baked products
  • This has resulted in the higher adoption of low-sugar or sugar-free and low-fat bakery products, thereby boosting the demand for reduced-sugar bake-stable pastry fillings

Bake Stable Pastry Fillings Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 1.39 billion

Revenue forecast in 2030

USD 2.17 billion

Growth rate

CAGR of 6.5% from 2023 to 2030

Base year for estimation

2022

Historical data

2017 - 2021

Forecast period

2023 - 2030

List of Key Players in the Bake Stable Pastry Fillings Market

  • Oetker GmbH
  • Puratos Group
  • Avebe
  • Dawn Foods
  • Andros North America
  • Herbstreith & Fox GmbH & Co. KG
  • Barker Fruit Processors Ltd.
  • Fábrica de Mermeladas S.A. de C.V.
  • Kandy
  • Mala’sa

Access Press Release of Bake Stable Pastry Fillings Market @ https://www.grandviewresearch.com/press-release/global-bake-stable-pastry-fillings-market

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more