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Candy market expansion to stimulate the growth of demand for confectionery machinery
2021-07-23
Candy market expansion to stimulate the growth of demand for confectionery machinery
With the rapid development of China's industry, China's confectionery industry has also continued to improve, the quality of products continues to improve, new products are changing day by day, a wide range of varieties. The growth rate of China's confectionery market is among the highest in the food industry, which has put forward more and higher requirements for confectionery machinery. Confectionery machinery and equipment include pouring machines, boiling sugar pans, sugar pans, sandwich machines, soft and hard candy production lines, candy packaging equipment, etc.
As one of China's fast-consuming food industry systems, the confectionery industry has rapid development, and the potential market share continues to expand. Data show that China's confectionery market has been maintaining an annual growth rate of 8%-12% in the past five years. As people's living standards continue to improve, new features, new flavors of candy products continue to emerge, the demand for the confectionery market is further expanding. However, compared with the global per capita annual consumption of 3 kg, China's per capita annual consumption of confectionery is only 0.8 kg. The gap is obvious. China's confectionery market has a huge consumption potential.
According to Euromonitor International, a British market research agency, global confectionery sales (chocolate products, candy, and chewing gum data) were 121 billion euros in 2009. They will reach about 153 billion euros by 2015, with an annual growth rate of about 5%. The largest confectionery markets are Western Europe and North America: more than half of the world's sales are accounted for. Dynamic growth markets include Asia Pacific, Latin America, and Eastern Europe. In these regions, annual sales growth is expected to range between 6% and 10% over the next five years.
Foreign trade data for 42 industrial countries show that global exports of confectionery processing machinery grew by almost 88% between 2000 and 2008 to a current high of €602 million. Among them is HS843820, "Machinery and equipment for the production of cocoa, chocolate and confectionery industries." In addition, there is also confectionery packaging machinery, which is not separately distinguished in these statistics.
