Chocolate and Confectionery Equipment Market by Type (Depositors, Formers, Coating and Spraying Systems, Mixer, And Cooler), Application (Soft Confectionery, Hard Candies, Chewing Gums, and Gummies and Jellies), and Geography – Global Forecast to 2024
The global chocolate and confectionery processing equipment market is expected to grow at a CAGR of 8.0%from 2018 to reach $6,971.8 million by 2024.
The factors such as increasing consumer demand for confectionery items, growth in retail industry, technological advancements, and growing focus on food safety of confectionery products and safety of workers are driving the growth of the global chocolate and confectionery processing equipment market. However, high cost of equipment hinders the growth of this market to some extent. In addition, lack of trained labour force in many parts of the globe poses a great challenge to the global chocolate processing equipment manufacturers.
Depositors dominated the global chocolate and confectionery processing equipment market in 2017, mainly due to significant development in the depositing technology to meet increasing market demand for high-quality and innovative products and increased demand for confectionery products from developing markets.
Soft confectionery segment dominated the chocolate and confectionery processing equipment market, as it is one of the most consumed confectionery products by almost all age groups in all regions as well as it is a key ingredient in many food products; increase in awareness regarding the health benefits of chocolate; and inclination of consumers toward functional dark and sugar-free chocolates.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. Asia-Pacific commanded the largest share of the global chocolate and confectionery processing equipment market, followed by Europe and North America. The largest share of this region is mainly attributed to increasing demand of functional and premium chocolate and confectionery products in emerging and developing countries including India, China, Indonesia, and Thailand; higher population base; and increasing expenditure on convenience and ready-to-eat products.
The key players operating 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.), among others.
Scope of the Report:
Market by Types
- Coating and Spraying Systems
Market by Application
- Soft Confectionery
- Hard Candies
- Chewing Gums
- Gummies and Jellies
Market by Geography
Rest of World
•·Middle East and Africa