Chocolate and Confectionery Processing Equipment Market Size, Share, Growth Analysis, By Application(Soft confectionery, hard candies), By Type(Depositors, formers) - Industry Forecast 2024-2031

Global Chocolate and Confectionery Processing Equipment Market was valued at USD 4.3 billion in 2022 and is expected to rise from USD 4.6 billion in 2023 to reach USD 7.84 billion by 2031, at a CAGR of 6.90% during the forecast period, (2024-2031).

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.