Confectionery Processing Equipment Market By Type, By Application, By Geography – Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2019 – 2026

Global Confectionery Processing Equipment Market is valued to reach USD 7.23 Billion by 2026, exhibiting a CAGR of 6.5% from 2020-2026. Factors like rising demand for confectionaries through retail outlets, changing dietary habits, increase in demand for sugar-free and organic confectionery products and emerging trend of gifting confectionery products are driving the market.

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Food processing is one of the prominently growing industries in developing countries. For instance, industrial growth is largely supported by the presence of availability of raw material. As food processing sector offers tremendous opportunities and growth factors, confectioneries in developed and developing countries are gaining a wide traction owing to their rising importance. This factor definitely affects the patterns of consumption for food and beverage industries that is expected to grow in millions per second. From this, it is highly evident that confectionery food processing has a direct stake in the food processing sector.

On a global scale, the commercial demand for conventional sweets being high, the popularity of dark chocolates is on an increase in the recent years. Mainly during festive season in countries such as India and China, the demand for chocolate and confectioneries naturally goes high. In addition, manufacturers are now emphasizing on low-calories sugar-free candies which is taking the global market by storm.

From the technical perspective, the key players also holds a subsidiary of confectionery and the players operate on the local as well as international level in the market. On the other hand, consumer trends such as growth in disposable income and rise in economic growth in emerging countries particularly in the rural areas are some of the major growth oriented factors. Hence, with the high awareness for chocolate and sweeteners, the dependency on functional foods is expected to create more opportunities in the near future.