Bake Stable Pastry Fillings Market: Bake-Stable Nut Pastry Fillings Segment is Projected To Register The Fastest Growth Rate
Bake Stable Pastry Fillings Industry Overview
The global bake stable pastry fillings market size was valued at USD 1.25 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. The rising preference for chocolate, fruit, and nut fillings in bakery products, such as pastries, cakes, and cookies, has widened the scope for baked pastry fillings in the market. Moreover, the growing consumer preference for baked and confectionery products is a key factor driving the global demand. The COVID-19 pandemic has slowed down the sales of a large number of everyday products, including bakery products and bake-stable pastry fillings.
It has been a major challenge for manufacturers and sellers to maintain product sales in a way that is both legally mandated and accepted by the community. The overall economic slump within the food industry as a whole has also trickled down to the market. The demand for pastry fillings with bake-stable properties is expected to witness significant growth over the forecast period due to the increasing consumer interest in different flavors. Moreover, the growing preference for fruit flavors in sweets and desserts has increased consumers’ spending on baked food products, particularly bake-stable-filled pastry products. Innovative fruit flavors, such as cherry, pomegranate, and banana, have influenced consumers to indulge in and experiment with unique flavors.
Gather more insights about the market drivers, restrains and growth of the Global Bake Stable Pastry Fillings market
The gluten-free, sugar-free, and low-fat filling category is anticipated to exhibit a high growth rate over the forecast period owing to the shift in consumers’ eating habits as well as raising awareness regarding the health benefits of certain foods. Bake-stable food manufacturers are marketing reduced sugar and calories on their labels to meet the ever-increasing demand for less added sugars in bake-stable fillings. Rapid urbanization and increasing purchasing power of consumers across the globe have also allowed consumers to spend on prepared and readymade food products that allow quick food preparation, particularly for breakfast.
Thus, expenditure on confectionery products, such as cakes, bake-stable pastries, and tarts, is rising across the globe. Moreover, manufacturers focus on product innovation and launch keeping in mind 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 filings 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 fillings took the Bakels’ range of vegan-suitable ingredients close to 100.
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Bake Stable Pastry Fillings Market Segmentation
Grand View Research has segmented the global bake stable pastry fillings market on the basis of product and region:
Bake Stable Pastry Fillings Type Outlook (Revenue, USD Million, 2017 - 2030)
- Chocolate
- Fruits
- Nuts
- Others
Bake Stable Pastry Fillings Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights:
- September 2021, German packaged food major, Dr. Oetker, acquired an Indian start-up, Kuppies, to expand its presence in the ready-to-eat (RTE) segment in India. The Indian units of the multinational company will be using Kuppies’ manufacturing unit, its innovation center, and the brand to grow its presence in RTE cakes and desserts in the local market
- In March 2021, Dawn Foods acquired JABEX, a Polish family-owned manufacturer specializing in high-quality fruit-based products for the bakery industry. This strategic acquisition was aimed at expanding Dawn Foods’ global manufacturing footprint and strengthening its operations and supply chain in Central & Eastern Europe.
Key Companies profiled:
Some of the key players operating in the global bake stable pastry fillings market include:
- 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’s
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