Kenneth Research, in its repository of market research reports, have recently added a report on Confectionary processing equipment Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Confectionary processing equipment Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Confectionary Processing Equipment Market was valued at USD 4.8 Billion in the year 2018. Global Confectionary Processing Equipment Market is further estimated to grow at a CAGR of 6.7% from 2019 to reach USD 7.66 Billion by the year 2025. The North America region holds the highest Market share in 2018 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, US, China and U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.
The Global Confectionary Processing Equipment Market is divided as By Product, Type, Mode of Operation and Region. The confectionery processing equipment Market, by Product, is segmented into hard candies, chewing gums, gummies & jellies, soft confectionery, and others. The soft confectionery segment is estimated to dominate the Market with the largest share in 2019 as the demand for a variety of chocolates, such as sugar-and dark, is increasing, globally. This is followed by the hard candies segment.
The confectionery processing equipment Market, based on Type, is segmented into thermal, extrusion, mixers, blender, and cutters, coating, cooling, and others. The extrusion segment is projected to grow at the highest CAGR among all confectionery processing equipment types from 2019 to 2025. Extrusion equipment is used to make confectionery products of different shapes and sizes. The need to provide innovative products is one of the factors expected to augment the demand for extrusion products.
Based on Mode of Operation, the confectionery processing equipment Market is segmented into automatic and semi-automatic. The automatic segment is anticipated to be relatively larger as against the semi-automatic segment. Automatic operation helps to reduce labor costs as well as time and ensures high-quality products.
Major market players in Confectionary Processing Equipment Market are Bosch, Buhler AG, GEA Group, Alfa Laval, JBT Corporation, Aasted, BCH Ltd., Tanis Confectionery, Baker Perkins, Sollich, and Other 9 more companies detailed information is provided in the report.
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SWOT analysis of Confectionary Processing Equipment Market
Strength:
Growth of the global retail Market
Weakness:
Increase in awareness regarding the ill effects of sugar consumption
Opportunities:
Increase in demand for sugar-and organic confectionery products
Threats:
High R&D expenditure
Confectionary Processing Equipment Market Segmentation:
Confectionary Processing Equipment Market Overview, By Product
*Soft Confectionery
*Hard Candies
*Chewing Gums
*Gummies & Jellies
*Others
Confectionary Processing Equipment Market Overview, By Type
*Thermal Equipment
*Extrusion Equipment
*Mixers, Blenders, and Cutters
*Coating Equipment
*Cooling Equipment
*Other Equipment
Confectionary Processing Equipment Market Overview, By Mode of Operation
*Traditional testing
*Rapid testing
Confectionary Processing Equipment Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
The Food Certification Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Food Certification Market before evaluating its possibility.
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