The global confectionery fillings market has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing consumer demand for sweet snacks, growth of the confectionery industry, rising disposable income, seasonal and festive demand for filled confections.
The global confectionery fillings market is expected to see strong growth in the next few years. It will grow to $1.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising popularity of nut-based fillings, growing popularity of vegan and gluten-free confectionery fillings, growing demand for clean label confectionery fillings, demand for sustainable confectionery, e-commerce growth,. Major trends in the forecast period include clean label and transparency, packaging innovation, online retail expansion, plant-based and vegan options, 3d printing for the production of confectionery fillings, nanotechnology to improve confectionery fillings.
The confectionery fillings market is anticipated to experience significant growth, primarily driven by the expanding chocolate industry. The chocolate industry encompasses various activities related to the production, processing, distribution, and sale of chocolate and related products. Confectionery fillings play a pivotal role in enhancing the flavor and texture of confectionery items while contributing to their visual appeal. For example, data from the Center for the Promotion of Imports from developing countries in December 2022 revealed a notable 5.7% increase in global cocoa bean grinding activities, totaling approximately 4,973 thousand tons during the cocoa year 2020-2021 compared to the previous year. This growth in the chocolate industry is a key factor fueling the confectionery fillings market.
The growing demand for confectionery fillings is anticipated to drive the expansion of the confectionery fillings market in the foreseeable future. Confectionery fillings are specialized ingredients commonly used in a variety of bakery products to enhance their flavor, texture, and visual appeal, aligning with the evolving preferences of consumers. For instance, in November 2022, data from Agriculture and Agri-Food Canada, a governmental department in Canada, indicates that the global retail sales of baked goods reached $425.7 billion in 2022, marking an increase from the previous year's figure of $407.2 billion. Furthermore, it is projected that the global retail sales of baked goods will exhibit a compound annual growth rate (CAGR) of 5.1% from 2022 to 2026, ultimately reaching $518.9 billion by 2026. Hence, the surge in the demand for bakery products is serving as a driving force behind the growth of the confectionery fillings market.
The confectionery fillings market is anticipated to face challenges due to the fluctuating prices of raw materials. Variations in the costs of essential raw materials like sugar, cocoa, and dairy products can adversely affect market profitability and lead to an increase in the prices of confectionery fillings. For instance, as of March 2023, information from the Department of Agriculture, Fisheries, and Forestry, an Australian government department, suggests that global sugar prices are projected to have an average of approximately 20.7 US cents per pound during the 2023-24 period. This marks a 3% increase compared to the average in 2022-23. Hence, the volatility in raw material prices is posing a challenge to the growth of the confectionery fillings market.
To maintain their competitive positions in the market, leading confectionery fillings companies are introducing sweet fruit mix offerings. Sweet fruit mixes involve the blending or combining of various fruits to create flavorful and predominantly sweet fruit combinations. A case in point is British Bakels, a UK-based confectionery product manufacturer, which, in June 2023, unveiled a selection of fruit fillings designed for its Ta-Da home baking assortment featuring both sweet and savory mixes. These fruit fillings are enriched with whole fruit pieces, including a variety of fruits like wild blueberries, dark cherries, and strawberries. They are designed for easy home use, boasting versatility, stability during baking, and eco-friendly packaging options.
In December 2022, Ferrero SpA, an Italian confectionery manufacturing company, completed the acquisition of Wells Enterprises for an undisclosed sum. This strategic move is part of Ferrero SpA's expansion plan within the ice cream sector, where they aim to leverage the expertise of ice cream specialists and confectionery experts. By uniting these two strengths, Ferrero SpA aims to provide a wide range of high-quality products while benefiting from a rich heritage in both confectionery and ice cream. Wells Enterprises Inc., a US-based food company, is known for its expertise in manufacturing confectionery fillings.
Major players in the confectionery fillings market are Cargill Inc., Archer-Daniels-Midland Company, Tata and Lyle PLC, Parker Products LLC, FrieslandCampina Kievit N.V., Ferrero SpA, Kerry Group, Meiji Co., Barry Callebaut AG, Domson Ltd., Ingredion Incorporated, AGRANA Beteiligungs-AG, Danisco A/S, Döhler GmbH, Ashland Inc., AAK AB, Dawn Foods Products Inc., Royal Zeelandia Group BV, Zentis GmbH & Co. KG, Clasen Quality Chocolate Inc., Puratos Corporation, Clansen Quality Coating Inc., Taura Natural Ingredients, Fruit Fillings Inc., Alsiano A/S.
Europe was the largest region in the confectionery fillings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in confectionery filling report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the confectionery filling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The key categories of confectionery fillings consist of fruit fillings, non-fruit fillings, and nut-based fillings. Nut-based fillings, for instance, are crafted from finely ground nuts, including varieties like almonds. These fillings are available in various forms, such as solid, liquid, and semi-liquid, and are employed in a wide range of applications, including chocolate confections, gummies, baked goods, and more. They are distributed through diverse channels, including wholesale distributors, confectionery stores, hypermarkets or supermarkets, and e-commerce platforms.
This report provides confectionery fillings market statistics, including confectionery fillings industry global market size, regional shares, competitors with a confectionery fillings market share, detailed confectionery fillings market segments, market trends and opportunities and any further data you may need to thrive in the confectionery fillings industry. This confectionery fillings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The confectionery filling market consists of sales of creams, candy fillings, frosting, custard and ganache. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global confectionery fillings market is expected to see strong growth in the next few years. It will grow to $1.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising popularity of nut-based fillings, growing popularity of vegan and gluten-free confectionery fillings, growing demand for clean label confectionery fillings, demand for sustainable confectionery, e-commerce growth,. Major trends in the forecast period include clean label and transparency, packaging innovation, online retail expansion, plant-based and vegan options, 3d printing for the production of confectionery fillings, nanotechnology to improve confectionery fillings.
The confectionery fillings market is anticipated to experience significant growth, primarily driven by the expanding chocolate industry. The chocolate industry encompasses various activities related to the production, processing, distribution, and sale of chocolate and related products. Confectionery fillings play a pivotal role in enhancing the flavor and texture of confectionery items while contributing to their visual appeal. For example, data from the Center for the Promotion of Imports from developing countries in December 2022 revealed a notable 5.7% increase in global cocoa bean grinding activities, totaling approximately 4,973 thousand tons during the cocoa year 2020-2021 compared to the previous year. This growth in the chocolate industry is a key factor fueling the confectionery fillings market.
The growing demand for confectionery fillings is anticipated to drive the expansion of the confectionery fillings market in the foreseeable future. Confectionery fillings are specialized ingredients commonly used in a variety of bakery products to enhance their flavor, texture, and visual appeal, aligning with the evolving preferences of consumers. For instance, in November 2022, data from Agriculture and Agri-Food Canada, a governmental department in Canada, indicates that the global retail sales of baked goods reached $425.7 billion in 2022, marking an increase from the previous year's figure of $407.2 billion. Furthermore, it is projected that the global retail sales of baked goods will exhibit a compound annual growth rate (CAGR) of 5.1% from 2022 to 2026, ultimately reaching $518.9 billion by 2026. Hence, the surge in the demand for bakery products is serving as a driving force behind the growth of the confectionery fillings market.
The confectionery fillings market is anticipated to face challenges due to the fluctuating prices of raw materials. Variations in the costs of essential raw materials like sugar, cocoa, and dairy products can adversely affect market profitability and lead to an increase in the prices of confectionery fillings. For instance, as of March 2023, information from the Department of Agriculture, Fisheries, and Forestry, an Australian government department, suggests that global sugar prices are projected to have an average of approximately 20.7 US cents per pound during the 2023-24 period. This marks a 3% increase compared to the average in 2022-23. Hence, the volatility in raw material prices is posing a challenge to the growth of the confectionery fillings market.
To maintain their competitive positions in the market, leading confectionery fillings companies are introducing sweet fruit mix offerings. Sweet fruit mixes involve the blending or combining of various fruits to create flavorful and predominantly sweet fruit combinations. A case in point is British Bakels, a UK-based confectionery product manufacturer, which, in June 2023, unveiled a selection of fruit fillings designed for its Ta-Da home baking assortment featuring both sweet and savory mixes. These fruit fillings are enriched with whole fruit pieces, including a variety of fruits like wild blueberries, dark cherries, and strawberries. They are designed for easy home use, boasting versatility, stability during baking, and eco-friendly packaging options.
In December 2022, Ferrero SpA, an Italian confectionery manufacturing company, completed the acquisition of Wells Enterprises for an undisclosed sum. This strategic move is part of Ferrero SpA's expansion plan within the ice cream sector, where they aim to leverage the expertise of ice cream specialists and confectionery experts. By uniting these two strengths, Ferrero SpA aims to provide a wide range of high-quality products while benefiting from a rich heritage in both confectionery and ice cream. Wells Enterprises Inc., a US-based food company, is known for its expertise in manufacturing confectionery fillings.
Major players in the confectionery fillings market are Cargill Inc., Archer-Daniels-Midland Company, Tata and Lyle PLC, Parker Products LLC, FrieslandCampina Kievit N.V., Ferrero SpA, Kerry Group, Meiji Co., Barry Callebaut AG, Domson Ltd., Ingredion Incorporated, AGRANA Beteiligungs-AG, Danisco A/S, Döhler GmbH, Ashland Inc., AAK AB, Dawn Foods Products Inc., Royal Zeelandia Group BV, Zentis GmbH & Co. KG, Clasen Quality Chocolate Inc., Puratos Corporation, Clansen Quality Coating Inc., Taura Natural Ingredients, Fruit Fillings Inc., Alsiano A/S.
Europe was the largest region in the confectionery fillings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in confectionery filling report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the confectionery filling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The key categories of confectionery fillings consist of fruit fillings, non-fruit fillings, and nut-based fillings. Nut-based fillings, for instance, are crafted from finely ground nuts, including varieties like almonds. These fillings are available in various forms, such as solid, liquid, and semi-liquid, and are employed in a wide range of applications, including chocolate confections, gummies, baked goods, and more. They are distributed through diverse channels, including wholesale distributors, confectionery stores, hypermarkets or supermarkets, and e-commerce platforms.
This report provides confectionery fillings market statistics, including confectionery fillings industry global market size, regional shares, competitors with a confectionery fillings market share, detailed confectionery fillings market segments, market trends and opportunities and any further data you may need to thrive in the confectionery fillings industry. This confectionery fillings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The confectionery filling market consists of sales of creams, candy fillings, frosting, custard and ganache. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Confectionery Fillings Market Characteristics3. Confectionery Fillings Market Trends and Strategies32. Global Confectionery Fillings Market Competitive Benchmarking33. Global Confectionery Fillings Market Competitive Dashboard34. Key Mergers and Acquisitions in the Confectionery Fillings Market
4. Confectionery Fillings Market - Macro Economic Scenario
5. Global Confectionery Fillings Market Size and Growth
6. Confectionery Fillings Market Segmentation
7. Confectionery Fillings Market Regional and Country Analysis
8. Asia-Pacific Confectionery Fillings Market
9. China Confectionery Fillings Market
10. India Confectionery Fillings Market
11. Japan Confectionery Fillings Market
12. Australia Confectionery Fillings Market
13. Indonesia Confectionery Fillings Market
14. South Korea Confectionery Fillings Market
15. Western Europe Confectionery Fillings Market
16. UK Confectionery Fillings Market
17. Germany Confectionery Fillings Market
18. France Confectionery Fillings Market
19. Italy Confectionery Fillings Market
20. Spain Confectionery Fillings Market
21. Eastern Europe Confectionery Fillings Market
22. Russia Confectionery Fillings Market
23. North America Confectionery Fillings Market
24. USA Confectionery Fillings Market
25. Canada Confectionery Fillings Market
26. South America Confectionery Fillings Market
27. Brazil Confectionery Fillings Market
28. Middle East Confectionery Fillings Market
29. Africa Confectionery Fillings Market
30. Confectionery Fillings Market Competitive Landscape and Company Profiles
31. Confectionery Fillings Market Other Major and Innovative Companies
35. Confectionery Fillings Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on confectionery fillings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for confectionery fillings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:
1) By Product Type: Fruit Fillings; Non-Fruit Fillings; Nut-Based Fillings2) By Form: Solid; Liquid; Semi-Liquid
3) By Application: Chocolate; Gummies; Bakery; Other Applications
4) By Distribution Channel: Wholesale Or Distributor; Confectionery Store Or Retailer; Hypermarket Or Supermarket; E-Commerce
Key Companies Mentioned: Cargill Inc.; Archer-Daniels-Midland Company; Tata and Lyle PLC; Parker Products LLC; FrieslandCampina Kievit N.V
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Methodology
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