According to the current analysis of Reports and Data, the global Confectionery Processing Equipment market was valued at USD 4.68 Billion in 2018 and is expected to reach USD 7.83 Billion by year 2026, at a CAGR of 6.6%. The food and beverages industry is expanding across the globe and with rising disposable incomes, there is a surge in the demand for confectionery products, that are comparatively costlier than the regular food items. Upcoming trends and changing customer preferences have to be addressed while producing the confectionery processing equipment. The globalization of food industry and resultant customer accessibility to various international varieties of confectionery items significantly affect the demand for sophisticated confectionery processing equipment. Increase in demand for sugar-free and organic confectionery products are another driving factor behind the lucrative growth opportunities in the market.
Despite
a favourable market scenario, the rising occurrence of diabetes in both the
elderly and middle-aged population segments, and a rising awareness about the
ill effects of regular sugar consumption will pose a threat to the market
growth of confectionery processing equipment.
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For
the purpose of this study, Reports and Data have segmented the Confectionery
Processing Equipment market on the basis of type, mode of operation,
application, and region:
Type
(Revenue, USD Million; 2016–2026)
- Thermal
Equipment
- Extrusion
Equipment
- Mixers,
Blenders, and Cutters
- Cooling
Equipment
- Coating
Equipment
- Other
Equipment
Mode
of Operation (Revenue, USD Million;
2016–2026)
- Automatic
- Semi-Automatic
Application
(Revenue, USD Million; 2016–2026)
- Soft
Confectionery
- Hard
Candies
- Chewing
Gums
- Gummies &
Jellies
- Others
Regional
Outlook (Revenue in USD Million; 2016–2026)
- North America
- Europe
- Asia Pacific
- Middle East
and Africa
- Latin America
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Further
key findings from the report suggest-
- By type,
extrusion equipment holds the most prominent share in the confectionery
processing equipment market. This is because extrusion is a very basic and
useful process for these products. The equipment has been improved over
many years to produce continuous ropes for various candy products,
customize the product shapes as per customer preference, and many other
such purposes.
- By
application, the soft confectionery segment holds the largest market share
due to a heavy consumer demand. The segment has witnessed many improvements
in its production methods over the years to overcome problems such as
gelatin degradation, and will remain the largest application of
confectionery processing equipment in the years to come.
- Sustainable
industry practices are trending in this market. Mars – which makes
Snickers, Twix, and M&Ms has announced an investment of $1 billion
over the coming years that will be specifically focused on renewable food
sourcing and renewable farming practices.
- Gummies and
jellies are expected to register the highest CAGR as an application
segment of confectionery processing equipment in the forecasted period.
The processing of these products is complicated as the texture
requirements are precise. The product has witnessed innovation with its
coatings over the years, which are experimented with to add flavor and to
absorb the maximum moisture from the candies.
- By region,
North America holds the largest share in the global confectionery
processing equipment market. The confectionery segment is very well
established in the region, with the best accessibility to appropriate
processing methodologies.
- The
confectionery processing equipment market is projected to grow the most in
the Asia Pacific region due to rise in consumer disposable incomes,
increased spending on confectionery products and a sharper focus on
sophisticated confectionery processing technologies.
- Companies are
rapidly competing on product innovations. Aasted, a leader in chocolate,
bakery and confectionery products, launched a new technique for the
tempering of chocolate called StellaNova. The technology promises the best
form of tempering for confectionery products.
Key
Features of the Confectionery Processing Equipment Market Report:
·
Detailed assessment and exhaustive
understanding of the Confectionery Processing Equipment market
·
Significant insights into manufacturing
processes, major barriers, and risks
·
8-year forecast estimation to offer
information about the market size and market share on the global and regional
levels
·
Evaluation of the key drivers, restraints,
growth opportunities, threats, limitations, barriers, and other key elements
·
Identification of growth prospects and
potential for the Confectionery Processing Equipment industry
·
Comprehensive analysis of the key market
players and their strategies
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