Report : South & Central America 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 5.2% CAGR, South & Central America Fruit Fillings Market is Speculated to be Worth US$ 502.29 Million by 2030, says Business Market Insights
According to Business Market Insights' research, 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, registering a CAGR of 5.2% from 2022 to 2030. Rising trends for organic and low-sugar fruit and growing preference for fruit flavors are among the critical factors attributed to drive the South & Central America Fruit Fillings Market growth.
The demand for organic and low-sugar fruit fillings is attributed to the growing preference for healthier and environmentally conscious food choices. With an increasing focus on wholesome, natural ingredients, consumers are seeking convenient as well as nutritious options. Organic fruit fillings are appealing due to their pesticide-free cultivations, preserving the product integrity of the products and increasing their adoption.
In addition, a few of the key players in the market are engaged in developing fruit fillings with low-sugar and organic fruits to cater to the growing consumer demand for healthier alternatives. For instance, in February 2023, Dawn Food announced the launch of the Delifruit range of fruit fillings, which are high in fruit content and offer 30% less sugar and calories. The launch was aimed to cater to the growing demand for food products with low sugar content. Thus, the rising inclination toward organic and low-sugar fruit fillings products is expected to fuel the global fruit fillings market growth in the coming years.
On the flip side, seasonal availability of fruits and fluctuations in raw material prices hamper the growth of South & Central America fruit fillings market.
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 34.1% market share in 2022, amassing US$ 114.00 million. It is projected to garner US$ 180.77 million by 2030 to register 5.9% CAGR during 2022-2030.
In terms of application, the South & Central America 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 29.4% share of South & Central America fruit fillings market in 2022, amassing US$ 98.43 million. It is anticipated to garner US$ 141.06 million by 2030 to expand at 4.6% CAGR during 2022-2030.
Based on country, the South & Central America fruit fillings market is categorized into Argentina, Brazil, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 51.2% share of South & Central America fruit fillings market in 2022. It was assessed at US$ 171.43 million in 2022 and is likely to hit US$ 251.21 million by 2030, registering a CAGR of 4.9% during 2022-2030.
Key players operating in the South & Central America fruit fillings market are Barry Callebaut AG, Agrana Beteiligungs AG, EMU AG, Puratos NV, and Toyota Tsusho Foods Corp, among others.
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