Chocolate and Confectionery Machinery Demand to Grow 7.1% Annually Through 2021
October 23, 2017 (Investorideas.com Newswire) Global chocolate and confectionery machinery demand is projected to advance 7.1% per year to nearly $4 billion in 2021. Once considered luxury products in some developing nations, chocolate and other sweets have become more easily attainable as living standards increase in these countries, thus driving growth for this machinery. These and other trends are presented in Global Food Processing Machinery, 4th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
BeverageStocks.com - investing ideas in food and beverage stocks including wine and beer stocks
Like Beverage Stocks? View our Beverage Stocks Directory
China is the largest single market for chocolate and confectionery machinery, accounting for $750 million in sales in 2016. However, there is still considerable room for growth, as a substantial number of manual food processing techniques are still utilized there. This creates a large potential market for equipment that can speed up and increase production to meet the fast growing needs of the local population.
Central and South America will see the fastest growth of any region in the chocolate and confectionery machinery market through 2021. Despite this growth, the region will not have a significant impact on demand, as it only accounts for 5% of the market.
Global Food Processing Machinery, 4th Edition (published 09/2017, 349 pages) is available for $6300 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email firstname.lastname@example.org.
Related studies include:
About The Freedonia Group, a division of MarketResearch.com
The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Machinery & Equipment studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.