Global Confectionery and Candy Processing Equipment Market 2018-2022
About Confectionery and Candy Processing Equipment
Confectionery and candy processing equipment is used to manufacture a variety of candies and other confectioneries such as cakes, pastries, chocolates, gums, and candies.
Technavio’s analysts forecast the global confectionery and candy processing equipment market to grow at a CAGR of 6.94% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global confectionery and candy processing equipment market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Confectionery and Candy Processing Equipment Market 2018-2022
Technavio recognizes the following companies as the key players in the global confectionery and candy processing equipment market: Aasted, Bühler, Latini-Hohberger Dhimantec, Loynds, Robert Bosch, and Tanis Confectionery.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new product developments. Several market players are launching innovative products with advanced features to gain a competitive advantage. For instance, a customizable cooling tunnel was introduced by Egan Food Technologies to meet process needs in July 2017 for cooling molded chocolate, enrobed confections, bars, and cookies.”
According to the report, one driver in the market is expansion of confectionery and candy processing plants. The players are highly interested in expanding their production capacities for venturing into new markets to accelerate their sales as well as profits. As the confectionery and candy processing plants are being opened by the companies across the globe, the demand for equipment used in these plants is surging considerably.
Further, the report states that one challenge in the market is rise in cost of confectionery and candy processing. The high cost of processing is one of the major problems in the confectionery and candy processing market. The rise in costs of raw materials and energy is a major cost factor to be considered by the market.
Aasted, Bühler, Latini-Hohberger Dhimantec, Loynds, Robert Bosch, and Tanis Confectionery.
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