Confectionery and Candy Processing Equipment Market Size to Grow by $ 883.37 mn During 2021-2025

Technavio has been monitoring the confectionery and candy processing equipment market and it is expected to grow by $ 883.37 mn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Confectionery And Candy Processing Equipment Market: North America to lead market growth during the forecast period

• 37% of the market growth will originate from North America during the forecast period.
• New product developments will be a key trend that will influence market growth significantly.
• The Expansion of confectionery and candy processing plants will be a significant factor in driving the growth of the confectionery and candy processing equipment market.

Confectionery And Candy Processing Equipment Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aasted, Alfa Laval AB, AWEMA AG, Buhler AG, Coesia Spa, GEA Group Aktiengesellschaft, Heat and Control Inc. , John Bean Technologies Corp., Robert Bosch GmbH, and Sandvik AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Confectionery And Candy Processing Equipment Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive confectionery and candy processing equipment market growth during the next five years
• Precise estimation of the confectionery and candy processing equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the confectionery and candy processing equipment market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of confectionery and candy processing equipment market vendors

The Global Confectionery and Candy Processing Equipment Market is expected to grow by USD 883.37 million accelerating at a CAGR of nearly 4% during the forecast period. The industrials sector is expected to witness negative growth as a result of COVID-19, and the impact of the pandemic on the market in focus is expected to remain NEUTRAL. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report with COVID-19 Impact Analysis

"The growing expansion of confectionery and candy processing plants will drive the growth prospects for the Global Confectionery and Candy Processing Equipment Market in the forthcoming years. 37% of the market’s growth will originate from North America during the forecast period. However, market growth in this region will be slower than the growth of the market in APAC", says senior research analyst for the Industrials Industry at Technavio.

Confectionery And Candy Processing Equipment Market: Product Segment Highlights

• Product Segmentation: coating and enrobing, tempering, forming and depositing, extrusion, and others
• Coating and enrobing are a process that involves covering a confection with a coating medium. Coating equipment is also used to add a coating on peanuts, almonds, hazelnuts, and other types of nuts.
• Coating and enrobing help in improving the quality of confectionery and candy products by protecting them from environmental factors. Therefore, the growth of the market segment is expected to be significant throughout the forecast period.

Confectionery And Candy Processing Equipment Market: Competitive Analysis

• The Confectionery and Candy Processing Equipment Market is fragmented due to the presence of several vendors.
• The market players also significantly leverage external market drivers such as expansion of confectionery and candy processing plants to achieve growth opportunities
• Aasted, Alfa Laval AB, AWEMA AG, Buhler AG, Coesia Spa, GEA Group Aktiengesellschaft, Heat and Control Inc. , John Bean Technologies Corp., Robert Bosch GmbH, and Sandvik AB are some of the major market participants. Although the growing demand  will offer immense growth opportunities, factors such as rise in cost of confectionery and candy processing will challenge the growth of the market participants

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report