The ‘Global Bakery Processing Equipment Market Size, Share, Price, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global bakery processing equipment market, assessing the market on the basis of its segments like product types, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Bakery Processing Equipment Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Nearly USD 12.5 Billion
- Forecast CAGR (2023-2028): 6.5%
- Forecast Market Size (2028): Around USD 18.1 Billion
The rising popularity of baked goods, such as cookies, cakes, pies, and snacks, among others, in both developing and developed countries is one of the major drivers of the bakery processing equipment market. In addition to this, baked goods are extensively consumed as snacks and are incorporated into breakfast foods, which is further boosting the demand for bakery processing equipment.
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Regionally, the Asia Pacific is experiencing a healthy growth amid rising population levels, healthy economic growth in countries like India and China, and the flourishing bakery sector. Factors such as rising disposable incomes and rapid urbanisation and industrialisation are bolstering the demand for bakery products. Moreover, the expansion of bakery chains in countries such as China is expected to fuel the requirement for bakery processing equipment in the forecast period.
Bakery Processing Equipment Industry Definition and Major Segments
Bakery processing equipment encompasses devices and tools that are used in baking applications. They can assist in the preparation of different types of baked goods and simplify the baking processes. Some of the tools and devices used in bakery processes include freezers, mixers, moulders, ovens, and piston filling injections, among others.
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The market, on the basis of product type, is categorised into:
- Oven and Proofers
- Mixers and Blenders
- Sheeters and Moulders
Based on application, the market is divided into:
- Cakes and Pastries
- Cookies and Biscuits
- Pizza Crusts
The major regional markets of bakery processing equipment include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Bakery Processing Equipment Market Trends
The surging demand for organic baked goods, including cookies, bread, and cakes, among others, amid the rising health and environmental consciousness, is positively impacting the bakery processing equipment market.
Key players are offering innovative and precision bakery processing equipment that can enhance the production capacity and efficiency of baked goods while ensuring their highest sanitary quality. In addition to this, bakers are increasingly preferring automated bakery processing equipment that can enhance the output of bakery products, lower overall labour costs, and increase their profitability.
Increasing R&D activities to improve the efficiency of bakery processing machinery are likely to favour the market. Furthermore, the expansion of quick-service restaurants (QSRs), the increasing demand for convenience bakery products, and the surging sales of frozen baked goods are anticipated to fuel the market demand in the coming years.
Key Market Players
The major players in the bakery processing equipment market report are
- GEA Group Aktiengesellschaft
- Ali Group S.r.l.
- König Group
- Breville Pty Ltd
- Baker Perkins Limited
- Bühler AG
- Gemini Bakery Equipment Company
- Welbilt Inc.
- Heat and Control, Inc.
- JBT Corporation
- Paul Mueller Company
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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