Confectionery Processing Equipment Market Reviewed for 2020 with Industry Outlook to 2026 | Robert Bosch GmbH, BÜHLER Group, John Bean Technologies Corporation and more

Market Size - USD 4.68 Billion in 2018, Market Growth - CAGR of 6.6%, Market Trends - rising demand for non-chocolate candies, health wellness trends in the market, sustainability initiatives by private players

According to the current analysis of Reports and Data, the global Confectionery Processing Equipment market was valued at USD 4.68 Billion in 2018 and is expected to reach USD 7.83 Billion by year 2026, at a CAGR of 6.6%. The food and beverages industry is expanding across the globe and with rising disposable incomes, there is a surge in the demand for confectionery products, that are comparatively costlier than the regular food items.

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In market segmentation by manufacturers, the report covers the following companies-

Robert Bosch GmbH, BÜHLER Group, John Bean Technologies Corporation, Aasted ApS, Alfa Laval, Tanis Confectionery, Baker Perkins Ltd., Sollich KG, Heat and Control Inc., Rieckermann GmbH

For the purpose of this study, Reports and Data have segmented the Confectionery Processing Equipment market on the basis of type, mode of operation, application, and region:

Type (Revenue, USD Million; 2016-2026)
Thermal Equipment
Extrusion Equipment
Mixers, Blenders, and Cutters
Cooling Equipment
Coating Equipment
Other Equipment

Mode of Operation (Revenue, USD Million; 2016-2026)
Automatic
Semi-Automatic

Application (Revenue, USD Million; 2016-2026)
Soft Confectionery
Hard Candies
Chewing Gums
Gummies & Jellies
Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America
Europe
Rest of the Europe
Asia Pacific
Middle East and Africa
Latin America

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Upcoming trends and changing customer preferences have to be addressed while producing the confectionery processing equipment. The globalization of food industry and resultant customer accessibility to various international varieties of confectionery items significantly affect the demand for sophisticated confectionery processing equipment. Increase in demand for sugar-free and organic confectionery products are another driving factor behind the lucrative growth opportunities in the market.

Despite a favourable market scenario, the rising occurrence of diabetes in both the elderly and middle-aged population segments, and a rising awareness about the ill effects of regular sugar consumption will pose a threat to the market growth of confectionery processing equipment.

Further key findings from the report suggest-

By type, extrusion equipment holds the most prominent share in the confectionery processing equipment market. This is because extrusion is a very basic and useful process for these products. The equipment has been improved over many years to produce continuous ropes for various candy products, customize the product shapes as per customer preference, and many other such purposes.

By application, the soft confectionery segment holds the largest market share due to a heavy consumer demand. The segment has witnessed many improvements in its production methods over the years to overcome problems such as gelatin degradation, and will remain the largest application of confectionery processing equipment in the years to come.

Sustainable industry practices are trending in this market. Mars - which makes Snickers, Twix, and M&Ms has announced an investment of $1 billion over the coming years that will be specifically focused on renewable food sourcing and renewable farming practices.

The confectionery processing equipment market is projected to grow the most in the Asia Pacific region due to rise in consumer disposable incomes, increased spending on confectionery products and a sharper focus on sophisticated confectionery processing technologies.

Some companies operating in this market have a strong criterion for investments and divestments. For example, in March 2019, GEA's Executive Board announced a strategic realignment of the company, as a part of which the company will not make any significant acquisitions for a specified period and would instead focus on specializing in their current capabilities.

Gummies and jellies are expected to register the highest CAGR as an application segment of confectionery processing equipment in the forecasted period. The processing of these products is complicated as the texture requirements are precise. The product has witnessed innovation with its coatings over the years, which are experimented with to add flavor and to absorb the maximum moisture from the candies.

By region, North America holds the largest share in the global confectionery processing equipment market. The confectionery segment is very well established in the region, with the best accessibility to appropriate processing methodologies.

Companies are rapidly competing on product innovations. Aasted, a leader in chocolate, bakery and confectionery products, launched a new technique for the tempering of chocolate called StellaNova. The technology promises the best form of tempering for confectionery products.

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Major highlights of the report:

An all-inclusive evaluation of the parent market
The evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of the market value and volume in the past, present and forecast years
Market share evaluation
Study of niche industrial sectors
Tactical approaches of the market leaders
Lucrative strategies to help companies strengthen their position in the market

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This release was published on openPR.