The global chocolate and confectionery processing equipment market is developing parallelly with growth in chocolate and confectionery industry, which have witnessed a steady growth in the last two decades. The demand of chocolate and confectionery is associated with increasing urbanization, new product launches, new marketing strategies, changing dietary habits, and emerging trend of gifting confectionery products. The demand for confectionery is higher in the developed regions such as North America and Europe. However, as the overall economy of Asia-Pacific is growing, the disposable income of individuals in the region has also increased, creating an added demand for confectionery products. Also, growing brand consciousness, exposure to western products in these countries, introduction of new product categories, and new product variants catering to diversified tastes are ensuring higher acceptability of confectionery products. 

Confectionery items have become increasingly accessible to all age groups and are sold as pre-prepared or ready-to-eat. The processed foods make up vital part of the food supply and also contribute in food security (ensuring that sufficient food is available) and nutrition security (ensuring that food quality meets human nutrient needs). According to the World Health Organization, in 2014, the urban population accounted for around 54% of the total global population, up from 34% in 1960, and continues to grow further. The global urban population is expected to grow approximately 1.84% per year between 2015 and 2020, 1.63% per year between 2020 and 2025, and 1.44% per year between 2025 and 2030. As a result, consumers are being exposed to a much wider choice and better availability of confectionery items within the urban environment, compared to those who are living in rural areas. This urbanization trend contributes significantly towards improved living standards and rising incomes which in turn influence the affordability ofproducts to a greater extent, thus leading to the significant increase in the confectionery products consumption and production worldwide.

To meet the increasing demand of confectionary products, there is a growing adoption of advanced technologies and machineries in the chocolate and confectionery processing industry, which is fueling the growth of chocolate and confectionery processing equipment market. This market is expected to grow at CAGR of 8.1% to reach $6,971.8 million by 2024, according to the Meticulous Research®.

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Tags: Food & Agriculture Technologies Food Processing
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