The value of the global food automation industry is expected to increase to $2.5 billion by 2022, mimicking similar growth in the confectionery market, according to Markets and Markets.
With a projected value of over $232 million by 2022 — up from more than $184 million in 2015 — several factors continue to propel the confectionery industry’s expansion. These include continued product innovation and diversification, a rise in gifting trends, an increase in discretionary spending in emerging markets and even retail market expansion, according to a Market Watch report. Perhaps most importantly, evolving consumer demands prompt confectionery manufacturers to vary their product ranges, including more unique, exotic and natural options. As a result, these companies must squeeze as much efficiency and flexibility out of their lines as possible.