Asia drives growth in confectionery equipment market

With data from 2016 and 2017, estimated current data from 2018, and forecast for 2024, Meticulous Research® offers its latest exclusive market report on Chocolate and Confectionery Processing Equipment.

The study says the global Chocolate and Confectionery Processing Equipment market will increase at a CAGR of 8.0% from 2018 to reach $6,971.8 million by 2023, driven by increasing consumer demand for confectionery items, growth in retail industry, technological advancements, and growing focus on safety of confectionery products and safety of workers.

The report is segmented by type (depositors, formers, coating and spraying systems, mixer, cooler, and others), application (soft confectionery, hard candies, chewing gums, gummies & jellies, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Chocolate production line (Dreamstime.com)

Asia Pacific accounted for the largest share which according to Meticulous Research is due to growing demand for functional and premium chocolate and confectionery products in emerging and developing countries including India, China, Indonesia, and Thailand; higher population base; rising industrialization; growing government investments in food processing sector; and increasing expenditure on convenience and ready-to-eat products.

Europe is the second largest market for chocolate and confectionery equipment.

“The European chocolate and confectionery industry is mainly driven by innovation in products and packaging, impulse purchasing, rising consumer interest in premium and seasonal chocolates, and preferential trade agreement!” said Uddhav Sable, Research Director at Meticulous Research®

Soft confectionery most popular

Among applications, soft confectionery segment commanded the largest market share since it remains one of the most consumed products by almost all age groups in all regions as well as it is a key ingredient in many food products. Also, increase in awareness regarding the health benefits of chocolate and inclination of consumers toward functional dark and sugar-free chocolates supports its dominance.

The key players analysed in the global Chocolate and Confectionery Processing Equipment market are Buhler AG (Switzerland), GEA Group Aktiengesellschaft (Germany), John Bean Technologies Corporation (U.S.), Heat and Control Inc. (U.S.), Alfa Laval AB (Sweden), Robert Bosch Packaging Technology GmbH (Germany), Aasted APS (Denmark), Baker Perkins Limited (U.K.), Tomric Systems, Inc (U.S.), Caotech B.V. (The Netherlands), Sollich KG (Germany), Apex Machinery & Equipment Co., Ltd. (China), Royal Duyvis Wiener B.V. (The Netherlands), Tecno 3 S.R.L. (Italy), and BCH Limited (U.K.).

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