Latin America Bake Stable Pastry Fillings Market Size & Outlook
Latin America bake stable pastry fillings market, 2018-2028 (US$M)
Related Markets
Latin America bake stable pastry fillings market highlights
- The Latin America bake stable pastry fillings market generated a revenue of USD 125.8 million in 2020.
- The market is expected to grow at a CAGR of 6.2% from 2021 to 2028.
- In terms of segment, fruits was the largest revenue generating product in 2020.
- Nuts is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 125.8 million |
| Market revenue in 2028 | USD 204.2 million |
| Growth rate | 6.2% (CAGR from 2020 to 2028) |
| Largest segment | Fruits |
| Fastest growing segment | Nuts |
| Historical data covered | 2018 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chocolate, Fruits, Nuts |
| Key market players worldwide | Dr.Oetker, Avebe, Dawn Food Products, Herbstreith & Fox, Puratos, Andros Foods North America, Famesa, Malas Fruit |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.4% of the global bake stable pastry fillings market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 388.0 million by 2028.
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Bake Stable Pastry Fillings Market Scope
Bake Stable Pastry Fillings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America bake stable pastry fillings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bake stable pastry fillings market will help companies and investors design strategic landscapes.
Fruits was the largest segment with a revenue share of 53.9% in 2020. Horizon Databook has segmented the Latin America bake stable pastry fillings market based on chocolate, fruits, nuts covering the revenue growth of each sub-segment from 2018 to 2028.
High prevalence of obesity in the Central & South America region has been observed over the past few years. Based on an article published by Argentina National Risk Factor Survey, in 2020, more than 62.2% of Argentina’s population was suffering from obesity, due to limited physical activities and unhealthy snack consumption.
Furthermore, based on the data released by the WHO in 2018, the prevalence of diabetes was observed in 10.2% of the population. This scenario has pushed consumers to adopt low-fat and low-calorie products in the region.
Furthermore, manufacturers in the region are focusing on expanding low-fat bakery product offerings in their portfolios. Due to this, local and international manufacturers in the region are developing pastries with low-fat bake stable fillings.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America bake stable pastry fillings market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America bake stable pastry fillings market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America bake stable pastry fillings market size, by country, 2018-2028 (US$M)
Latin America Bake Stable Pastry Fillings Market Share, 2020 & 2028 (US$M)
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