Confectionery Fillings Market Size, By Confectionery (Bakery Confectionery, Sugar Confectionery, Chocolate Confectionery), By Filling (Fruit Fillings, Non-Fruit Fillings, Nut-Based Fillings), By Form (Solid, Liquid, Semi-Liquid), By Distribution channel (Wholesale/Distributor, Confectionery Store/Retailer, Hypermarket/Supermarket, E-commerce) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022-2030
The confectionery fillings market is projected to record substantial growth from 2022 to 2030. Advancements in e-commerce platforms and food delivery applications have made it easier for consumers to purchase their desired confectioneries and desserts and get them delivered to their doorstep within 24 hours.
Leading chocolate brands are foraying into the e-commerce space since shoppers are purchasing everything online including confectioneries. For instance, Ferrero-owned chocolate brand, Kinder Joy partnered with e-commerce platforms like Amazon, Flipkart, Big Basket, and Grofers in the wake of COVID-19. The brand claims that e-commerce is responsible for approximately 10% of sales for Kinder Joy.
With increasing production of confectionery products owing to surging demand for chocolates, cakes, pastries, and a wide variety of bakery items, confectionery fillings companies are adopting unique business strategies. In May 2022, Cargill Inc., opened a ‘House of Chocolate’ catering to the innovation, inspiration, and speed-to-market needs of customers. Cargill’s new space consists of a state-of-the-art chocolate experience facility along with a novel pilot plant with sensory capabilities, and a creative workspace for Cargill’s European R&D team of chocolate engineers.
With a growing focus on technology and innovation, and a need to address climate change, confectionery filling manufacturers are investing heavily in R&D to boost agricultural productivity. In May 2022, Barry Callebaut announced plans to build a dedicated center in Ecuador to power cocoa farming research to enhance the farming resilience and productivity of cocoa.
The global confectionery fillings industry is classified into confectionery type, filling type, form, distribution channel, and region.
Based on filling type, the market is fragmented into nut-based filling, fruit filling, and non-fruit filling. Among these, the nut-based confectionery fillings industry is estimated to reach USD 45 billion by 2030. Nut fillings are mostly used in bakery products such as cakes, pastries, and cookies and will gain significance owing to the rising demand for nutrition-rich bakery products among consumers.
With respect to distribution channels, the confectionery fillings industry is categorized into hypermarket/supermarket, confectionery store/retailer, wholesale/distributor, and e-commerce. Wholesale/distributor channels are expected to witness substantial demand for confectionery products as they act as links between retailers and confectionery fillings manufacturers.
Distributors are a prominent source of confectionery fillings as they provide the product at lower prices and aid manufacturers in their business expansion efforts. This form of distribution channel reduces the administrative burden on manufacturers and provides customer services.
Latin America confectionery fillings market size is projected to value USD 7 billion by 2030. LATAM countries such as Brazil have an extensive sugar confectionery landscape. In 2020, Brazil emerged as the first largest exporter of sugars and sugar confectionery with $9.1 billion worth of exports. Cocoa grindings in Brazil in 2021 soared by nearly 5% to 224,168 tonnes from the previous year despite COVID-19 implications.
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