During the projected period (2023 to 2033), the global chocolate processing equipment market is expected to grow at a CAGR of 8.6%. The chocolate processing equipment market is projected to reach a valuation of USD 6389 million by 2033 from USD 2800 million showcased in 2023.
Equipment for processing chocolates and confectionery items offers a novel way to meet the rising demand for these items worldwide. A considerable need to adopt new practices, tools, and equipment in the making of chocolates and confectionery products is implied by the rising demand for new products. Equipment for processing chocolates and confectionery items is installed to address various problems that often manufacturers encounter, including rancidity in formulation ingredients, fat migration, improper heating, interfering scents in cocoa, and other issues.
Over the past two decades, there has been a consistent expansion in the global chocolate and confectionery sector. This demand is mainly attributed to rapid urbanization, new product introductions, innovative marketing techniques, shifting nutritional preferences, and the growing practice of giving confectionary products as gifts.
High acceptance of confectionery items is also being ensured by expanding brand consciousness, exposure to western products in emerging nations, development of new product categories, and launch of new product variants that would appeal to a wide variety of tastes. These factors are projected to push the chocolate processing equipment market in the next ten years.
High demand for healthy and functional confectionery products such as products that are free of artificial sweeteners & flavors, saturated fat, and trans fats, which require technologically advanced equipment to produce, is likely to spur the chocolate processing equipment market. Besides, the emergence of new machinery and production methods in the chocolate and confectionery industry is expected to boost the global market.
Furthermore, robust demand for high-quality products in both developed and developing countries is anticipated to fuel the global market. As per the Center for the Promotion of Imports (CBI), the average chocolate consumption amounts to nearly 0.9 kilograms per capita every year across the globe.
Germans are considered to be the largest chocolate consumers in the world with a per capita consumption of 11 kilograms every year. Similarly, Switzerland is currently the second-largest chocolate consumer with 9.7 kilograms per capita. These numbers are estimated to grow at a rapid pace in the evaluation period on the back of changing lifestyles and high disposable income worldwide, thereby driving the chocolate processing equipment market.
| Attributes | Key Insights |
|---|---|
| Global Chocolate Processing Equipment Market Estimated Size (2023E) | USD 2800 million |
| Projected Market Valuation (2033F) | USD 6389 million |
| Value-based CAGR (2023 to 2033) | 8.6% |
| Market Share of North America | 36% |
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As per FMI, the global chocolate processing equipment market exhibited considerable growth at a CAGR of 6.5% during the historical period from 2018 to 2022. The rapid expansion of the global retail industry owing to increasing consumer spending, high disposable income, rising population, and surging GDP growth were responsible for pushing the market in the historical period.
Confectionery is nowadays considered to be an impulse category in the grocery segment of retailers in various parts of the globe. As per the third annual State of Treating report published by the National Confectioners Association (NCA), in 2021, sales of candies and chocolates were up 11% over 2020 and nearly 15.4% over 2019. Growth is attributed to rising consumer focus on gifting & sharing, seasonal celebrations, and emotional well-being.
Besides, the NCA mentioned that in 2021, the total confectionery category reached USD 36.9 Million in terms of retail sales, which is expected to reach USD44.9 Million by the end of 2026. Leading confectionery companies and their retail partners are likely to gain new growth opportunities in the next ten years as the shift to home-centricity has surged and demand for unique treating moments with novel brands, big pack sizes, and products grow.
Hershey Company and Ferrero Group to Look for Advanced Cocoa Powder Processing Machines
The USA chocolate market is moderately consolidated with the significant presence of various global, as well as regional players. Global players who are currently holding a prominent share include the Hershey Company, Ferrero Group, Mondelez International, and Nestle.
Key players in the USA chocolate processing equipment market are adopting innovative strategies such as new product innovation, mergers & acquisitions, and partnerships to expand their portfolios. Some of the other leading players in the market are also adopting marketing campaigns as a key strategy to strengthen their positions.
Rising Demand for Organic Products in India to Drive Sales of Chocolate Manufacturing Machines
India has a sizable population of millennials, which is considered to be a crucial chocolate consumer demographic. In India, the median age is 25, and the median age for the population as a whole is 35. The market is also being driven by factors such as evolving lifestyles, rapid westernization, expansion of the food services industry, value addition, and similar other factors.
Due to these reasons, chocolates are replacing local sweets as the preferred treat. The Indian chocolate processing equipment market is also being driven by increasing online chocolate sales, rising demand for luxury chocolates, and increasing need for organic & sugar-free chocolates.
Emergence of Vegan Products in China to Spur the Demand for Chocolate Making Equipment
The China chocolate processing equipment market is expected to generate a considerable share in the evaluation period. A rising number of consumers following healthy eating lifestyles and high demand for ‘better-for-me’ alternatives are anticipated to boost sales in China. In addition to that, the rising need for premium confectionery products under the chocolate segment with the launch of unique products by brands like paleo, organic, cruelty-free, and vegan label claims is projected to drive the China chocolate processing equipment market.
Principal Consultant
Jellies and Gummies Manufacturers to Extensively Use Chocolate Production Equipment
By product, the jellies and gummies segment is expected to dominate in the next ten years by generating the largest chocolate processing equipment market share. The high popularity of jellies and gummies among children of all age groups, as well as adults are anticipated to push the segment.
These are increasingly used as an alternative to conventional chewing gums and hard candies. Besides, ongoing technological advancements in the confectionery industry, including the introduction of 3D food printers for producing gummies and jellies to provide them with different sizes and shapes would bolster the segment in the chocolate processing equipment market.
Key players operating in the global chocolate processing equipment market are focusing on new product launches, acquisitions, expansions, partnerships, mergers, and agreements to secure their positions. Top competitors in the market are also focusing on producing chocolates and confectionary items without changing their quality.
Moreover, economic considerations, cultural tendencies, rising health consciousness, and a rapidly changing indulgence-seeking mentality among consumers are projected to contribute to growth in the global chocolate processing equipment market. Thus, key manufacturers are focusing on engaging in joint ventures and collaborations with local firms to expand their distribution networks.
Some of the significant companies and products offered by them in the global chocolate processing equipment market are:
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 2800 Million |
| Projected Market Valuation (2033) | USD 6389 Million |
| Value-based CAGR (2023 to 2033) | 8.6% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa(MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates(UAE) |
| Key Segments Covered | By Machine Type, By Product, By Region |
| Key Companies Profiled | Buhler AG (Switzerland); GEA Group Aktiengesellschaft (Germany); John Bean Technologies Corporation (USA); Heat and Control Inc. (USA); Alfa Laval AB (Sweden); Robert Bosch Packaging Technology GmbH (Germany); Aasted APS (Denmark); Baker Perkins Limited (UK); Tomric Systems, Inc (USA); Caotech B.V. (The Netherlands); Sollich KG (Germany); Apex Machinery & Equipment Co., Ltd. (China); Royal Duyvis Wiener B.V. (The Netherlands); Tecno 3 S.R.L. (Italy); BCH Limited (UK) |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The United States and India are advancing the global market.
Jelly and gummies hold high revenue potential.
The United States, China, and India are estimated to dominate the global market.
The market is forecast to secure a CAGR of 8.6% through 2033.
The market held a CAGR of 6.5% from 2018 to 2022.
1. Executive Summary | Chocolate Processing Equipment Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Soft Confectionery 5.2. Hard Candies 5.3. Chewing Gums 5.4. Gummies and Jellies 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Machine Type 6.1. Depositors 6.2. Formers 6.3. Coating and Spraying Systems 6.4. Mixers 6.5. Cooler 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. GEA Group Aktiengesellschaft 17.2. John Bean Technologies Corporation 17.3. Heat and Control Inc. 17.4. Alfa Laval AB 17.5. Robert Bosch Packaging Technology GmbH 17.6. Aasted APS 17.7. Baker Perkins Limited 17.8. Tomric Systems, Inc 17.9. Caotech B.V. 17.10. Sollich KG 17.11. Apex Machinery & Equipment Co., Ltd. 17.12. Royal Duyvis Wiener B.V. 17.13. Others (on demand) 18. Assumptions & Acronyms Used 19. Research Methodology
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Chocolate Processing Equipment Market
