South Africa Bake Stable Pastry Fillings Market Size & Outlook
South Africa bake stable pastry fillings market, 2018-2028 (US$M)
Related Markets
South Africa bake stable pastry fillings market highlights
- The South Africa bake stable pastry fillings market generated a revenue of USD 26.1 million in 2020 and is expected to reach USD 38.9 million by 2028.
- The South Africa market is expected to grow at a CAGR of 5.1% 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.
Bake stable pastry fillings market data book summary
| Market revenue in 2020 | USD 26.1 million |
| Market revenue in 2028 | USD 38.9 million |
| Growth rate | 5.1% (CAGR from 2020 to 2028) |
| Largest segment | Fruits |
| Fastest growing segment | Nuts |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 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, South Africa accounted for 2.6% of the global bake stable pastry fillings market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, South Africa bake stable pastry fillings market is projected to lead the regional market in terms of revenue in 2028.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 38.9 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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South Africa 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 54.02% in 2020. Horizon Databook has segmented the South Africa bake stable pastry fillings market based on chocolate, fruits, nuts covering the revenue growth of each sub-segment from 2018 to 2028.
According to a study published by Retail Brief Africa in 2020, the consumption of vegan products had tripled since 2018, and vegan orders in South Africa saw an increase by approximately 71% during the lockdown.
Growing consumer preference for veganism has fueled the adoption of sustainable and plant-based baked goods in the country. This is compelling manufacturers of baked goods and ingredients to focus on offering plant-based cruelty-free ingredients, including bake stable pastry fillings.
Manufacturers such as Dawn Foods, South Bakels, Rich’s Global, and Thistle wood have launched a wide range of plant-based fruit and nut pastry fillings to cater to the rising demand for sustainable vegan products in the country and build a strong vegan consumer base.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa bake stable pastry fillings market, including forecasts for subscribers. This country databook contains high-level insights into South Africa bake stable pastry fillings market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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South Africa bake stable pastry fillings market size, by product, 2018-2028 (US$M)
South Africa Bake Stable Pastry Fillings Market Share, 2020 & 2028 (US$M)
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