Bakery Processing Equipment Market Size:
The bakery processing equipment was valued at USD 8.9 billion in the year 2020 and is anticipated to grow at USD 11.4 billion till 2025 recording a CAGR of 5.0%. Bakery processing equipment is hugely used to produce the bakery products such as pizza, biscuits, cakes, pastries, cookies, breads and other products. There are various types of equipments available used by different bakeries for various processes such as extrusion, mixing, cooling, moulding, baking, enrobing and others, The global market is hugely affected by advances as new processing techniques are introduced by different manufacturers for the producing complex bakery products of various shapes and sizes, hence giving more focus on catering to the rising demand from processed food industry and customers. Industry players of bakery processing equipment market are adopting key strategies like development of new machinery. Furthermore, growing attention towards the expansion of information exchange programs, facilities and marketing schemes for creating alertness and augment the uses of bakery processing equipment is anticipated to add to the market dynamics.
Bakery Processing Equipment Market Dynamics:
The retail food companies recorded crucial growth in the past few years worldwide. By making use of automated bakery equipment greatly helps to increase overall productivity. Furthermore, the trend of ordering food online is increasing day by day, which enables foodservice players to opt for fast working equipment and systems to provide a fast baking experience. Artisan bakeries have become more famous because of the rising demand for fresh bread as well as bakery items. One prominent factor that plays an important role to drive the overall bakery processing equipment market is the growing count of in-store bakeries like hypermarkets and supermarkets. Due to the high price of equipment, small-scale manufacturers can not invest more in equipment installation. This factor can restrain the market growth.
Bakery Processing Equipment Market Segmentation:
The bakery processing industry processing sector will dominate the global market in the future. The market is segmented on the basis of type, end-user and region. The bakery processing equipment segment based on end-user dominated the market in the year 2020. The leading countries in this market are Spain, Japan, Italy, Germany and France. China is being considered as an emerging country in the market because of the increasing demand for innovative bakery products in the country. Based on type, the oven and proofers sector is assessed to obtain a huge market share in the future. These two types of equipment are hugely used for producing bakery products. Manufacturers are offering ovens in different shapes and sizes for meeting the different needs of consumers across the world. The baking equipment industries are focusing more on using inventive as well as new technologies to prove the bread and bakery products in Europe. Based on region, Asia Pacific recorded the highest CAGR during the forecast period. Enhanced economic growth in the last decade leads Asia Pacific to grow rapidly. The food industry has a huge share in the economic growth of this region. Rapid urbanization, intake of different food items, growing population are the factors that contribute to driving the market growth. Because of the hectic lifestyles of consumers in countries like Japan, Australia, China and India, both the workers and students opt for bakery products as snacks, which will lead to the impelling of the bakery processing equipment market.
Key Market Players:
Key market players operating in the bakery processing equipment market are:
- GEA Group AG (Germany)
- Bühler (Switzerland)
- John Bean Technologies Corporation (US)
- Heat and Control (US)
- Markel Food Group (UK)
- Gemini Bakery Equipment (US)
- Allied Bakery Equipment (US)
- Global Bakery Solutions (UK)
- Erika Record LLC (US)
- Nestlé SA (Switzerland)
- General Mills (US)
- Post Holdings (US)
- Rich Products (US)
- Conagra Foods (US)