Upcoming Growth Trends in the Confectionery Processing Equipment Market

Northbrook, USA, 2020-Feb-21 — /EPR Network/ —The confectionery processing equipment market is projected to reach USD 6.55 Billion by 2023, at a CAGR of 6.90% from 2018. This market is majorly being driven by the growth in demand for confectionery items such as candies, toffees, chocolates, chewing gums, and jellies. Factors such as growth of the retail industry have also propelled the growth of the confectionery processing equipment market.

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Increasing consumer demand for sugar-free confectionery products and specialty chocolates

Confectionery processing equipment are used for the production of confectionery products, such as hard candies, chewing gums, gummies & jellies, and soft confectionery (toffee, fondant, caramel, and chocolate bar & spread). The rising demand for sugar-free confectionery products and specialty chocolate products, such as vegan chocolates and tea-based chocolates, are projected to offer growth opportunities to confectionery processing equipment manufacturers. Functional confectionery products are increasingly gaining popularity among consumers. Hence, key players are focusing on innovative product offerings that provide health and wellness benefits, which are also projected to increase the sales of confectionery products. Furthermore, the growth of the retail sector in developing regions, such as the Middle East, Africa, South America, and Asia Pacific, is projected to contribute to the growth of the confectionery products market. This, in turn, is projected to drive the demand for confectionery processing equipment.

Global demand for soft confectionery products

Soft confectionery products include chocolates, marshmallows, fondants, toffees, and caramels. Among these products, chocolate is one of the most consumed confectionery products by almost all age groups in all regions. It is used as a key ingredient in various food products, such as hard candy bars, milkshakes, cookies, and other food products. Globalization, the increase in demand for premium chocolate, the rise in awareness regarding the health benefits of chocolate, and the inclination of consumers toward functional chocolates, such as dark and sugar-free chocolates, are the major trends observed across the globe. This, in turn, is projected to increase the demand for confectionery processing equipment. The demand for extruded marshmallow and caramel toffee in many countries is also encouraging manufacturers to develop new marshmallow processing equipment integrated with advanced technology.

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Asia Pacific is projected to be the fastest-growing region during the forecast period

Rise in the middle-class population in the region and the increase in disposable incomes drive the demand for nutritious chocolate bars & candies with new & enhanced flavors, which increases the need for confectionery processing equipment. This provides an opportunity for the major players in the field of confectionery processing to expand their geographical reach in the region.

The market is dominated by players such as Robert Bosch GmbH (Germany), Bühler AG (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), John Bean Technologies Corporation (JBT) (US), Aasted ApS (Denmark), BCH Ltd (England), Tanis Confectionery (Netherlands), Baker Perkins Limited (UK), Sollich KG (Germany), Heat and Control, Inc. (US), and Rieckermann GmbH (Germany).

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