The Fillings and Toppings Market size is estimated to be valued at USD 11.9 billion in 2022 and is projected to reach USD 15.9 billion by 2027, recording a CAGR of 6.0% during the forecast period in terms of value.
The market for fillings and toppings has been driven by several external factors such as growing urbanization, changing taste preferences with unique flavors, changing traditional eating patterns, expanding food chains, and a growing population that has contributed to the markets expansion. Additionally, increased consumption of convenience food and snacking habit, busy lifestyle, are some other factors that had enhanced the market demand. Developing markets offer higher potential for greater market penetration, while in developed markets, innovation in new flavors and healthy ingredients drive the market growth.
By application, the beverages segment has a progressive growth in the fillings and toppings market over the foreseeable future.
Beverages, soy isolates are used in liquid whipped toppings, pre-whipped toppings, sour cream dressings, and coffee whiteners. Soy concentrates and isolates are also used as a source of protein in instant beverages. It helps in enhancing the texture, taste, and visual characteristics of food products. Hot chocolate, café mocha, and frappes drinks are topped with fat-coated honeycomb, mini mallows, milk chocolate curls (blossoms), and caramel fudge. Toppings add value to both, hot and cold beverages. Cream toppings are gaining popularity for gourmet coffees, milkshakes, specialty cappuccinos, lattes, and teas, hence increasing the demand for fillings and toppings.
Key players in this market include ADM (US), Barry Callebaut (Switzerland), Tate & Lyle (US), AGRANA Beteiligungs-AG (Austria), Associated British Foods plc (UK), Cargill (US), AAK AB (Sweden), Ashland (US), Highlander Partners (US), and Zentis GmbH & Co. KG (Germany).
