The Latin America, Middle East and Africa Fruit Fillings Market should witness market growth of 7.3% CAGR during the forecast period (2023-2030).
Snack-related purchases are becoming a bigger priority for consumers all across the region. Consumers are starting to view snacking as their fourth meal of the day, making it an important meal. Additionally, the rising demand for bakery & confectionery goods is largely driven by texture, taste, flavor, appearance, and growing health concerns. The demand is expanding due to technological developments in the bakery and confectionery sectors in developed nations.
Food & beverage demand, as well as consumer durable demand, have increased as a result of urbanization's growth and people's rising disposable income. This need has been further fueled by rising internet use and e-commerce. Young people are increasingly choosing to buy more nutritious goods that are low in calories, fats, and sugars. The popularity of fitness influencers on social media platforms and rising awareness of leading a healthy lifestyle are responsible for the trend toward these products. To capture the market of health-conscious consumers, market players are processing dairy, bread, and confectionery products with fruit fillings.
The hospitality sector in Latin America has expanded dramatically over the last five years, and this trend seems guaranteed to continue in the coming years. Governments have continually strived to promote the industry, which is primarily responsible for advancing this region's food and beverage sector. The World Economic Forum's 2019 Travel & Tourism Competitiveness Report gave Brazil, which comes in 32nd worldwide and boasts Latin America's largest T&T economy, the highest rating. Tourists are attracted to the nation by its exceptional natural and cultural riches. As a result of the aforementioned factors, the regional market will expand favorably in the coming years.
The Brazil market dominated the LAMEA Fruit Fillings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $80.6 million by 2030. The Argentina market is anticipated to grow a CAGR of 7.9% during (2023-2030). Additionally, The UAE market would showcase a CAGR of 7% during (2023-2030).
Based on Fruit Type, the market is segmented into Tropical Fruits, Berries, Citrus Fruits and Others. Based on Application, the market is segmented into Dairy, Bakery & Confectionery, Ice Cream, Beverages, and Others. Based on Type, the market is segmented into Fruit Fillings without Pieces, Fruit Fillings with Pieces, Candied or Semi-candied Fruit Fillings and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AGRANA Beteiligungs-AG, Bakels Group (EMU AG), Dawn Food Products, Inc., The Barry Callebaut Group, Puratos NV/SA, LYONS MAGNUS, LLC (Paine Schwartz Partners, LLC), Cornaby's LLC, FruitCrown Products Corporation, Barker Fruit Processors Limited and Baldwin Richardson Foods.
Snack-related purchases are becoming a bigger priority for consumers all across the region. Consumers are starting to view snacking as their fourth meal of the day, making it an important meal. Additionally, the rising demand for bakery & confectionery goods is largely driven by texture, taste, flavor, appearance, and growing health concerns. The demand is expanding due to technological developments in the bakery and confectionery sectors in developed nations.
Food & beverage demand, as well as consumer durable demand, have increased as a result of urbanization's growth and people's rising disposable income. This need has been further fueled by rising internet use and e-commerce. Young people are increasingly choosing to buy more nutritious goods that are low in calories, fats, and sugars. The popularity of fitness influencers on social media platforms and rising awareness of leading a healthy lifestyle are responsible for the trend toward these products. To capture the market of health-conscious consumers, market players are processing dairy, bread, and confectionery products with fruit fillings.
The hospitality sector in Latin America has expanded dramatically over the last five years, and this trend seems guaranteed to continue in the coming years. Governments have continually strived to promote the industry, which is primarily responsible for advancing this region's food and beverage sector. The World Economic Forum's 2019 Travel & Tourism Competitiveness Report gave Brazil, which comes in 32nd worldwide and boasts Latin America's largest T&T economy, the highest rating. Tourists are attracted to the nation by its exceptional natural and cultural riches. As a result of the aforementioned factors, the regional market will expand favorably in the coming years.
The Brazil market dominated the LAMEA Fruit Fillings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $80.6 million by 2030. The Argentina market is anticipated to grow a CAGR of 7.9% during (2023-2030). Additionally, The UAE market would showcase a CAGR of 7% during (2023-2030).
Based on Fruit Type, the market is segmented into Tropical Fruits, Berries, Citrus Fruits and Others. Based on Application, the market is segmented into Dairy, Bakery & Confectionery, Ice Cream, Beverages, and Others. Based on Type, the market is segmented into Fruit Fillings without Pieces, Fruit Fillings with Pieces, Candied or Semi-candied Fruit Fillings and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AGRANA Beteiligungs-AG, Bakels Group (EMU AG), Dawn Food Products, Inc., The Barry Callebaut Group, Puratos NV/SA, LYONS MAGNUS, LLC (Paine Schwartz Partners, LLC), Cornaby's LLC, FruitCrown Products Corporation, Barker Fruit Processors Limited and Baldwin Richardson Foods.
Scope of the Study
By Fruit Type
- Tropical Fruits
- Berries
- Citrus Fruits
- Others
By Application
- Dairy
- Bakery & Confectionery
- Ice Cream
- Beverages
- Others
By Type
- Fruit Fillings without Pieces
- Fruit Fillings with Pieces
- Candied or Semi-candied Fruit Fillings
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AGRANA Beteiligungs-AG
- Bakels Group (EMU AG)
- Dawn Food Products, Inc.
- The Barry Callebaut Group
- Puratos NV/SA
- LYONS MAGNUS, LLC (Paine Schwartz Partners, LLC)
- Cornaby's LLC
- FruitCrown Products Corporation
- Barker Fruit Processors Limited
- Baldwin Richardson Foods
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Fruit Fillings Market by Fruit Type
Chapter 5. LAMEA Fruit Fillings Market by Application
Chapter 6. LAMEA Fruit Fillings Market by Type
Chapter 7. LAMEA Fruit Fillings Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- AGRANA Beteiligungs-AG
- Bakels Group (EMU AG)
- Dawn Food Products, Inc.
- The Barry Callebaut Group
- Puratos NV/SA
- LYONS MAGNUS, LLC (Paine Schwartz Partners, LLC)
- Cornaby's LLC
- FruitCrown Products Corporation
- Barker Fruit Processors Limited
- Baldwin Richardson Foods
Methodology
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