PUBLISHER: The Insight Partners | PRODUCT CODE: 1562398
PUBLISHER: The Insight Partners | PRODUCT CODE: 1562398
The South & Central America fruit fillings market was valued at US$ 334.62 million in 2022 and is expected to reach US$ 502.29 million by 2030; it is estimated to record a CAGR of 5.2% from 2022 to 2030.
Growing Preference for Fruit Flavors Fuels South & Central America Fruit Fillings Market
The growing preference for fruit filling in desserts and sweets has increased consumers' spending on baked food products. Consumers seek healthier and more natural alternatives, and incorporating fruit flavors allows manufacturers to respond to the demand for healthier products. Fruit filling in food products provides a fresh and vibrant taste, appealing to consumers looking for different fruit-flavored products. Banana, strawberry, apple, and coconut are common fruit fillings that are usually consumed worldwide. Further, the demand for limes, oranges, blueberries, and raspberries is gaining popularity, especially in pies, tarts, and pastries.
In addition, as fruits provide additional health benefits, consumers are more inclined to choose bakery products that incorporate natural ingredients, associating them with a perception of better nutrition. Further, innovative fruit flavors such as pomegranate, cherry, and banana have influenced consumers to consume and experiment with unique flavors. As a result, key manufacturers in the market are engaged in offering such products to meet consumer demand. Market players such as AGRANA Beteiligungs-AG, Puratos Group, and Barry Callebaut offer a unique and wide range of fruit fillings flavors such as berries, tropical, and drupes to various application industries including biscuits and cookies, pies and tarts, ice cream and frozen desserts, and others. Thus, the growing preference for a variety of fruit flavors is expected to fuel the South & Central America fruit fillings market growth during the forecast period
South & Central America Fruit Fillings Market Overview
The rise in the expenditure on convenience food products and the increase in disposable income are driving the fruit fillings market in South & Central America. The demand for bakery products such as pastry, cookies, and biscuits made with fruit fillings (such as berries, tropical fruit, and others) is driven by the nutritional profile, convenience, and accessibility of these fillings. In addition, an increase in urbanization and working population in South and Central America is propelling the demand for convenience and on-the-go food, which might contain fruit fillings. Growing industrialization, supporting the food production business, and changing food habits of consumers are bolstering the demand for food with specific flavors and textures. All these factors are propelling the sales of fruit fillings in South & Central America.
In addition, the rising trend of global cuisine adoption in South and Central America has led to increased integration of fruit fillings in various applications, such as bakery products and frozen desserts. Fruit fillings provide a versatile solution for manufacturers looking for unique and diverse fruit flavors. Thus, surging demand for a variety of fruit flavors has contributed to the growth of the fruit fillings market in the region.
South & Central America Fruit Fillings Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Fruit Fillings Market Segmentation
The South & Central America fruit fillings market is categorized into product type, application, and country.
Based on product type, the South & Central America fruit fillings market is categorized into tropical fruits, melons, drupes, berries, and others. The berries segment held the largest market share in 2022.
In terms of application, the South & Central America fruit fillings market is categorized into biscuits and cookies, pies and tarts, RTE snacks, ice cream and frozen desserts, and others. The others segment held the largest market share in 2022.
By country, the South & Central America fruit fillings market is segmented into Argentina, Brazil, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America fruit fillings market share in 2022.
Barry Callebaut AG, Agrana Beteiligungs AG, EMU AG, Toyota Tsusho Foods Corp, and Puratos NV are some of the leading companies operating in the South & Central America fruit fillings market.