Report : Asia Pacific Fruit Fillings Market Forecast to 2030 - Regional Analysis - by Product Type (Tropical Fruits, Melons, Drupes, Berries, and Others) and Application (Biscuits and Cookies, Pies and Tarts, RTE Snacks, Ice Cream and Frozen Desserts, and Others)
At 5.7% CAGR, Asia Pacific Fruit Fillings Market is Speculated to be Worth US$ 1,354.26 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Asia Pacific fruit fillings market was valued at US$ 867.03 million in 2022 and is expected to reach US$ 1,354.26 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Increasing demand for convenience food and strategic initiatives by key market players are among the critical factors attributed to drive the Asia Pacific fruit fillings market growth.
Fruit fillings manufacturers across the globe are significantly involved in mergers and acquisitions, collaborations, and other strategic developments to attract consumers and enhance their market position. Increasing demand for fruit fillings from various applications has resulted in key players adopting strategic initiatives to strengthen their market position globally. For instance, in 2021, Agrana extended its footprint in Asia with the acquisition of the fruit preparations company of local food producer Taiyo Kagaku for an undisclosed sum.
A few of the key players in the market are also engaged in product launches and product development to cater to the growing customer demand for different types of fruit filings. For instance, in 2021, Hostess launched a new flavor of Twinkies inspired by the upcoming Ghostbusters film. Thus, such strategic initiatives by key market players fuel the growth of the Asia Pacific fruit fillings market.
On the flip side, seasonal availability of fruits and fluctuations in raw material prices hamper the growth of Asia Pacific fruit fillings market.
Based on product type, the Asia Pacific fruit fillings market is categorized into tropical fruits, melons, drupes, berries, and others. The berries segment held 32.2% market share in 2022, amassing US$ 279.59 million. It is projected to garner US$ 461.80 million by 2030 to register 6.5% CAGR during 2022-2030.
In terms of application, the Asia Pacific fruit fillings market is segmented into biscuits and cookies, pies and tarts, RTE snacks, ice cream and frozen desserts, and others. The others segment held 32.5% share of Asia Pacific fruit fillings market in 2022, amassing US$ 281.47 million. It is anticipated to garner US$ 418.68 million by 2030 to expand at 5.1% CAGR during 2022-2030.
Based on country, the Asia Pacific fruit fillings market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 35.2% share of Asia Pacific fruit fillings market in 2022. It was assessed at US$ 305.46 million in 2022 and is likely to hit US$ 447.41 million by 2030, registering a CAGR of 4.9% during 2022-2030.
Key players operating in the Asia Pacific fruit fillings market are PT Hakiki Donarta, Barry Callebaut AG, Agrana Beteiligungs AG, Andros SNC, EMU AG, Puratos NV, Toyota Tsusho foods Corp, Orana AS, and Dawn Food Products Inc., among others.
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