Global Confectionary Processing Equipment Industry was valued at USD 4.8 Billion in the year 2018. Global Confectionary Processing Equipment Industry is further estimated to grow at a CAGR of 6.7% from 2019 to reach USD 7.66 Billion by the year 2025. The North America region holds the highest Industry share in 2018 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China and U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.
The Global Confectionary Processing Equipment Industry is divided as By Product, Type, Mode of Operation and Region. The confectionery processing equipment Industry, by Product, is segmented into hard candies, chewing gums, gummies & jellies, soft confectionery, and others. The soft confectionery segment is estimated to dominate the Industry with the largest share in 2019 as the demand for a variety of chocolates, such as sugar-free and dark, is increasing, globally. This is followed by the hard candies segment.
The confectionery processing equipment Industry, based on Type, is segmented into thermal, extrusion, mixers, blender, and cutters, coating, cooling, and others. The extrusion segment is projected to grow at the highest CAGR among all confectionery processing equipment types from 2019 to 2025. Extrusion equipment is used to make confectionery products of different shapes and sizes. The need to provide innovative products is one of the factors expected to augment the demand for extrusion products.
Based on Mode of Operation, the confectionery processing equipment Industry is segmented into automatic and semi-automatic. The automatic segment is anticipated to be relatively larger as against the semi-automatic segment. Automatic operation helps to reduce labor costs as well as time and ensures high-quality products.
Major market players in Confectionary Processing Equipment Industry are Bosch, Bühler AG, GEA Group, Alfa Laval, JBT Corporation, Aasted, BCH Ltd., Tanis Confectionery, Baker Perkins, Sollich, and Other 9 more companies detailed information is provided in the report.
SWOT analysis of Confectionary Processing Equipment Industry
Growth of the global retail industry
Increase in awareness regarding the ill effects of sugar consumption
Increase in demand for sugar-free and organic confectionery products
High R&D expenditure
Confectionary Processing Equipment Industry Segmentation:
Confectionary Processing Equipment Industry Overview, By Product
• Soft Confectionery
• Hard Candies
• Chewing Gums
• Gummies & Jellies
Confectionary Processing Equipment Industry Overview, By Type
• Thermal Equipment
• Extrusion Equipment
• Mixers, Blenders, and Cutters
• Coating Equipment
• Cooling Equipment
• Other Equipment
Confectionary Processing Equipment Industry Overview, By Mode of Operation
• Traditional testing
• Rapid testing
Confectionary Processing Equipment Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa