DUBLIN--(BUSINESS WIRE)--The "Confectionery Processing Equipment Market by Type (Thermal, Mixers, Blenders, Cutters, Extrusion, Cooling, Coating), Product (Hard Candies, Chewing Gums, Gummies & Jellies, Soft Confectionery), Mode of Operation, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The confectionery processing equipment market is estimated to be valued at USD 4.69 billion in 2018, and is projected to reach USD 6.55 billion by 2023, at a CAGR of 6.9% from 2018.
Factors such as growth of the retail industry have driven the growth of the confectionery processing equipment market. Growth in demand for confectionery items such as candies, toffees, chocolates, chewing gums, and jellies and rise in population of children & young adults are driving the growth of the confectionery market. This is expected to fuel the growth of the confectionery processing equipment market in the region.
The increase in awareness among consumers regarding healthy food consumption has led to higher demand for healthier functional foods, leading to reduction in the consumption of sugar and products that contain sugar such as candies, chocolates, sweet spreads, and bakery products. This trend is witnessed in all the regions, and is expected to restrain the growth of the confectionery products market, which would subsequently impact the confectionery processing equipment market.
Technological advancements in the food industry such as 3D food printers used by manufacturers of gummies and jellies to give different sizes and shapes to the products are expected to increase the scope of demand in the market.
Soft confectionery such as chocolate is one of the most consumed confectionery products by almost all age groups in all the regions, and is a key ingredient in many food products. Globalization and increase in incomes can be attributed to the growth of the premium chocolate market, giving investment opportunities for the manufacturers of chocolate processing equipment.
Automatic equipment eliminates the need for companies purchasing different equipment from various suppliers and assembling the machinery parts, which leads to a reduction in procurement cost. With the incorporation of automatic machinery, confectionery processing can be carried out for a large number of products, and comparatively lesser employees are required to attend to the machines.
- Growth of the Global Retail Industry
- Product Availability and New Trends in the Confectionery Industry
- Increase in Awareness Regarding the Ill Effects of Sugar Consumption Among Consumers
- Growth Opportunities in the Asia Pacific Region
- Increase in Demand for Sugar-Free and Organic Confectionery Products
- High R&D Expenditure
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Confectionery Processing Equipment Market, By Type
7 Confectionery Processing Equipment Market, By Product
8 Confectionery Processing Equipment Market, By Mode of Operation
9 Confectionery Processing Equipment Market, By Region
10 Competitive Landscape
11 Company Profiles
- Alfa Laval
- BCH Ltd.
- Baker Perkins
- Buhler AG
- GEA Group
- Heat and Control Inc.
- JBT Corporation
- Rieckermann GmbH
- Tanis Confectionery
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