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Confectionery Fillings Market Trends

Report ID: GMI5321
Published Date: Feb 2023
Report Format: PDF

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Confectionery Fillings Market Trends

Consumer prices and expenses for raw commodities, including cocoa and seasonal fruits, have grown significantly in recent years due to a range of factors, such as supply chain issues created by the COVID outbreak and Russia's invasion of Ukraine. Furthermore, major companies may use unethical market tactics to create material shortages to fulfill their own interests. However, firms are implementing efficient production solutions in order to reduce unnecessary costs, which is slated to impel product sales.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of confectionery fillings valued at USD 118.5 billion in 2022 and is anticipated to witness growth at over 3.5% CAGR from 2023 to 2032, owing to the rising demand for bakery confectioneries.

The non-fruit confectionery fillings market is projected to cross USD 88.5 billion by 2032, propelled by the increasing demand for innovative confectionery flavors.

The market for confectionery fillings in Asia Pacific is expected to reach USD 60 billion by 2032, driven by the rising consumer preference for western confectionery products.

The Emsland Group., ADM, Barry Callebaut, Zeelandia, Prosto Petro Group, Parker Products, Cargill Inc., Zentis GmbH & Co. KG, Belgostar, Bunge Loders Croklaan, and CMS Ontario Ltd. are among the major enterprises operating in the industry.