Boston, MA — Bakery products have become very popular worldwide. Breads, chocolates, chewing gums, and biscuits are the most consumed products in the bakery and confectionery segment. However, the demand for other bakery products such as pastries, cakes, and cookies is also growing. The global confectionery market can be divided into three major categories – chocolate, gum, and sugar confectioneries. Confectioneries have become a part of our daily food intake.
Technavio's analysts forecast the global bakery and confectionary machinery market to grow at a CAGR of 6.59% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global bakery and confectionary machinery market for 2016-2020. To calculate the market size, the report considers the demand for processing and packaging equipment from the bakery and confectionery industries.
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