The confectionery processing equipment market has grown exponentially in the last few years. The 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 around 6.90% during the forecast period. Emerging economies such as India, China, and countries in South America are the potential primary markets of the industry. Factors such as the growth of the retail industry have driven the growth of the confectionery processing equipment market. The market  for confectionery processing equipment is witnessing growth owing to the growth in demand for confectionery items such as candies, toffees, chocolates, chewing gums, and jellies.

The years considered for the study are as follows:

• Base Year: 2017
• Estimated Year: 2018
• Projected Year: 2023
• Forecast Period: 2018 to 2023

The objectives of the study are:

• 1. To define, segment, and forecast the size of the confectionery processing equipment market with respect to product, type, mode of operation, and region
• 2. To analyze the market structure by identifying various sub segments of the confectionery processing equipment market
• 3. To forecast the size of the market for confectionery processing equipment and its various submarkets with respect to four main regions, namely, North America, Asia Pacific, Europe, and the Rest of the World (RoW)
• 4. To provide detailed information about crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• 5. To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• 6. To strategically profile key players and comprehensively analyze their market ranking and core competencies
• 7. To analyze competitive developments such as expansions & investments, acquisitions, and partnerships in the market for confectionery processing equipment.

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By product, soft confectionery segment to lead the confectionery processing equipment market from 2018 to 2023

The soft confectionery segment dominated the market based on product. It is one of the most consumed confectionery products by almost all age groups in all regions and is a key ingredient in many food products such as candy bars, milkshakes, cookies, and other food products. Increase in awareness regarding the health benefits of chocolate and inclination of consumers toward functional dark and sugar-free chocolates are the major factors for the growth of this market.

Extrusion segment projected to grow at the highest CAGR, by food product, from 2018 to 2023

Extrusion is becoming an important process during confectionery processing as it has many advantages over conventional food processing; it has flexible equipment which can be used to manufacture different types of products with different physical properties and texture.

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Automatic segment projected to grow at a higher CAGR, by mode of operation, from 2018 to 2023

The implementation of automation and robotics in confectionary processing has offered quality assurance and increased productivity so far, which acts as a key driver for the growth of the automatic confectionery equipment market. 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; as these equipment function automatically, constant monitoring of processes is eliminated.

Asia Pacific is projected to be the fastest-growing region during the forecast period

Rise in the middle-class population in the region and the increase in disposable incomes drive the demand for nutritious chocolate bars & candies with new & enhanced flavors, which increases the need for confectionery processing equipment. This provides an opportunity for the major players in the field of confectionery processing to expand their geographical reach in the region.  

This report includes a study of business strategies, along with the product portfolios of leading companies. More than nine developments were tracked for the 13 companies in the confectionery processing equipment market. It includes the profiles of leading companies such as Robert Bosch GmbH (Germany), Bühler AG (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), John Bean Technologies Corporation (JBT) (US), Aasted ApS (Denmark), BCH Ltd (England), Tanis Confectionery (Netherlands), Baker Perkins Limited (UK), Sollich KG (Germany), Heat and Control, Inc. (US), and Rieckermann GmbH (Germany).