Chocolate and Confectionery Processing Equipment Market Worth $6,971.8 Million by 2024
Chocolate And Confectionery Processing Equipment Market By Type (Depositors, Formers, Coating And Spraying Systems, Mixer, And Cooler), By Application (Soft Confectionery, Hard Candies, Chewing Gums, And Gummies & Jellies), And Geography – Global Forecast To 2024
London, United Kingdom – December 19, 2018 /MarketersMedia/ —
According to this latest publication from Meticulous Research®, 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 growth of this market will be driven by 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.
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Depositors dominate the global chocolate and confectionery processing equipment market
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. However, coating and spraying systems market is expected to witness a rapid growth during the forecast period, mainly due to increasing consumer’s demand for a novel product and growing need for combination of different textures and flavors in the product.
Soft confectionery dominated the global market
Soft confectionery dominated the global market in 2017, 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. Also, increase in awareness regarding health benefits of chocolates and inclination of consumers toward functional dark and sugar-free chocolates further supports the growth of chocolate and confectionery processing equipment market for soft confectionery.
Asia Pacific: The fastest growing regional market
Geographically, Asia-Pacific commanded the largest share of the global market. The large 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.
Key Players
The key players operating in the global chocolate and confectionery processing equipment market are Buhler AG, GEA Group Aktiengesellschaft, John Bean Technologies Corporation, Heat and Control Inc., Alfa Laval AB, Robert Bosch Packaging Technology GmbH, Aasted APS, Baker Perkins Limited, Tomric Systems, Inc, Caotech B.V., Sollich KG, Apex Machinery & Equipment Co., Ltd., Royal Duyvis Wiener B.V., Tecno 3 S.R.L., and BCH Limited, among others.
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Scope of the Report:
Market by Types
Depositors
Formers
Coating and Spraying Systems
Mixer
Cooler
Others
Market by Application
Soft Confectionery
Hard Candies
Chewing Gums
Gummies and Jellies
Others
Market by Geography
North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Spain
The Netherlands
RoE
Asia-Pacific (APAC)
China
Japan
India
Australia
RoAPAC
Rest of World
Latin America
Brazil
Mexico
Argentina
RoLATAM
Middle East and Africa
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Organization: Meticulous Market Research Pvt. Ltd.
Address: Wembley, Middlesex- HA0 4JH, U.K.
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Website: https://www.meticulousresearch.com
Source: MarketersMedia
Release ID: 461806
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