USD 4.02 billion
Report ID: SQMIG20H2015 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 66 | Figures: 71
Chocolate and Confectionery Processing Equipment Market was valued at USD 4.02 billion in 2021, and is expected to rise from USD 4.3 billion in 2022 to reach a value of USD 7.33 billion by 2030, at a CAGR of 6.90% during the forecast period (2023–2030).
In the recent decades, consumption of processed chocolate and confectioneries has increased drastically due to increasing population. Growth of the global market is attributed to adoption of new methods, technology and machinery in the chocolate and confectionery manufacturing industry. During the production of chocolate and confectioneries manufacturers faced challenges such as fat migration, incorrect heating, interfering aromas in cocoa, and rancidity in formulation ingredients. By maximising energy efficiency and working towards more sustainable products, these challenges give the chocolate and confectioneries equipment business a chance to demonstrate their expertise and innovative strength and encourage confectionery companies.
Urban consumers have access to a much broader range of chocolate and confectioneries as well as the better availability than rural areas. This urbanization leads to higher living standards and rising incomes, which significantly impact the affordability of chocolate and confectionery products.
US Chocolate and Confectionery Processing Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.02 billion
Gummies and Jellies
Gummies and Jellies
To get more reports on the above market click here to Buy The Report
The chocolate and confectionery processing equipment market is segmented into type, application, and region. In terms of type, the global chocolate and confectionery processing equipment market is segmented into depositors, formers, coating and spraying systems, mixer and color. Based on application, the global chocolate and confectionery processing equipment market is segmented into soft confectionery, hard candies, chewing gums, and gummies and jellies. Regionwise, the chocolate and confectionery processing equipment market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Chocolate and Confectionery Processing Equipment Market Analysis by Type
With respect to segmentation by type, the global market is segmented into depositors, formers, coating and spraying systems, mixer, and color. The depositor segment is expected to hold a large share of the global chocolate and confectionery market during the forecast period. The purpose of depositors is to discharge the measured product in a particular shape or pattern. Large share of this segment is due to significant development in the depositing technology to achieve increasing market demand for high quality and innovative products; and increased demand for confectionery products from developing markets.
Chocolate and Confectionery Processing Equipment Market Analysis by Application
In terms of classification by application, the market is segmented into soft confectionery, hard candies, chewing gums, and gummies and jellies. Among children of all ages as well as adults, gummies and jellies have more popularity which provide the best alternatives for traditional hard candy and chewing gum. High demand for gummies and jellies is helping to drive the market for gummies and jellies processing equipment. The technological advancement in the food industry such as 3D food printers used by the manufacturer of gummies and jellies to give different sizes and shapes to the products are also enhancing the market growth.
To get detailed analysis on other segments, Request For Sample Report
Asia- pacific region is expected to grow at a fastest rate during the forecast period. The rapid growth of this market is mainly attributed to a global shift in manufacturing from North America and Europe to the Asia-pacific region, increasing use of equipment in the manufacture of chocolate and confectionery products, increasing industrialization and rising government investment in the food processing sector.
China is expected to dominate the Asia-Pacific market in the forecast period due to a large population base, increasing spending on convenient and ready-to-eat foods, cost effective manufacturing operations, and the availability of cheap skilled labor.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Chocolate and Confectionery Processing Equipment Market Driver
Increasing Demand in Various Application
Increasing Population and Rise in per capita income
Chocolate and Confectionery Processing Equipment Market Restraint
High Cost of Equipment used in Chocolate and Confectionery Industries
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The global chocolate and confectionery processing equipment market competitive landscape provides the details by competitor. Details included are company overview, company financials, revenue generated, company strength and weakness, product launch, new market initiatives and other.
Chocolate and Confectionery Processing Equipment Market Top Company Profiles
Chocolate and Confectionery Processing Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, with the growth in urbanization, there has been an increase in the demand for chocolate and confectionery. The consumption of processed chocolate and confectionery has increased significantly due to a steadily growing population, which has helped the product’s market expansion. But the high cost of processing equipment hindered the market growth. Asia-Pacific holds the largest share of the market due to shifting of manufacturing from North America and Europe.
|Market size value in 2021||USD 4.02 billion|
|Market size value in 2030||USD 4.3 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Chocolate and Confectionery Processing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Chocolate and Confectionery Processing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Chocolate and Confectionery Processing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Chocolate and Confectionery Processing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.