Dublin, June 28, 2018 (GLOBE NEWSWIRE) -- The "Confectionery Processing Equipment Market by Type (Thermal, Mixers, Blenders, Cutters, Extrusion, Cooling, Coating), Product (Hard Candies, Chewing Gums, Gummies & Jellies, Soft Confectionery), Mode of Operation, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The confectionery processing equipment market is estimated to be valued at USD 4.69 billion in 2018, and is projected to reach USD 6.55 billion by 2023, at a CAGR of 6.9% from 2018.
Factors such as growth of the retail industry have driven the growth of the confectionery processing equipment market. Growth in demand for confectionery items such as candies, toffees, chocolates, chewing gums, and jellies and rise in population of children & young adults are driving the growth of the confectionery market. This is expected to fuel the growth of the confectionery processing equipment market in the region. The increase in awareness among consumers regarding healthy food consumption has led to higher demand for healthier functional foods, leading to reduction in the consumption of sugar and products that contain sugar such as candies, chocolates, sweet spreads, and bakery products. This trend is witnessed in all the regions, and is expected to restrain the growth of the confectionery products market, which would subsequently impact the confectionery processing equipment market. Technological advancements in the food industry such as 3D food printers used by manufacturers of gummies and jellies to give different sizes and shapes to the products are expected to increase the scope of demand in the market. Soft confectionery such as chocolate is one of the most consumed confectionery products by almost all age groups in all the regions, and is a key ingredient in many food products. Globalization and increase in incomes can be attributed to the growth of the premium chocolate market, giving investment opportunities for the manufacturers of chocolate processing equipment. Automatic equipment eliminates the need for companies purchasing different equipment from various suppliers and assembling the machinery parts, which leads to a reduction in procurement cost. With the incorporation of automatic machinery, confectionery processing can be carried out for a large number of products, and comparatively lesser employees are required to attend to the machines. The North American region is estimated to dominate the confectionery processing equipment market in 2018. The market in Asia Pacific is driven by the increase in consumption of chocolate bars & candies with new & enhanced flavors. The demand for confectionery is high in manufacturing-based economies such as Japan and China. With the continuous improvement in living standards, the demand for premium chocolates and functional candies is expected to increase. Dark chocolates, which act as antioxidants and helpful in improving heart health, are expected to be widely accepted and favored among consumers. Therefore, the demand for confectionery processing equipment is expected to rise in the coming years.
Key Topics Covered
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Study Scope 1.4 Periodization Considered 1.5 Currency Considered 1.6 Stakeholders 2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data From Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data From Primary Sources 2.1.2.2 Key Industry Insights 2.1.2.3 Breakdown of Primary Interviews 2.2 Market Size Estimation 2.3 Market Breakdown & Data Triangulation 2.4 Research Assumptions & Limitations 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Confectionery Processing Equipment Market 4.2 Market For Confectionery Processing Equipment, By Equipment Type 4.3 Market For Confectionery Processing Equipment, By Mode of Operation & Region 4.4 Asia Pacific: Market For Confectionery Processing Equipment, By Product & Country 4.5 Market For Confectionery Processing Equipment, 2018 vs 2023 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growth of the Global Retail Industry 5.2.1.2 Product Availability and New Trends in the Confectionery Industry 5.2.2 Restraints 5.2.2.1 Increase in Awareness Regarding the Ill Effects of Sugar Consumption Among Consumers 5.2.3 Opportunities 5.2.3.1 Growth Opportunities in the Asia Pacific Region 5.2.3.2 Increase in Demand for Sugar-Free and Organic Confectionery Products 5.2.4 Challenges 5.2.4.1 High R&D Expenditure 5.3 Supply Chain Analysis 6 Confectionery Processing Equipment Market, By Type 6.1 Introduction 6.2 Thermal Equipment 6.3 Extrusion Equipment 6.4 Mixers, Blenders, and Cutters 6.5 Cooling Equipment 6.6 Coating Equipment 6.7 Other Equipment 7 Confectionery Processing Equipment Market, By Product 7.1 Introduction 7.2 Soft Confectionery 7.3 Hard Candies 7.4 Chewing Gums 7.5 Gummies & Jellies 7.6 Others 8 Confectionery Processing Equipment Market, By Mode of Operation 8.1 Introduction 8.2 Automatic 8.3 Semi-Automatic 9 Confectionery Processing Equipment Market, By Region 9.1 Introduction 9.2 North America 9.2.1 US 9.2.2 Canada 9.2.3 Mexico 9.3 Europe 9.3.1 Germany 9.3.2 Italy 9.3.3 Switzerland 9.3.4 Belgium 9.3.5 UK 9.3.6 Rest of Europe 9.4 Asia Pacific 9.4.1 China 9.4.2 Japan 9.4.3 India 9.4.4 Australia & New Zealand 9.4.5 Rest of Asia Pacific 9.5 RoW 9.5.1 South America 9.5.2 Middle East & Africa 10 Competitive Landscape 10.1 Overview 10.2 Market Ranking 10.3 Competitive Scenario 10.3.1 New Product Launch 10.3.2 Expansions 10.3.3 Acquisitions 10.3.4 Partnerships, Mergers, & Agreements 11 Company Profile 11.1 Bosch 11.2 Buhler AG 11.3 GEA Group 11.4 Alfa Laval 11.5 JBT Corporation 11.6 Aasted 11.7 BCH Ltd. 11.8 Tanis Confectionery 11.9 Baker Perkins 11.10 Sollich 11.11 Heat and Control, Inc. 11.12 Rieckermann GmbH
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