The global Bakery Processing Equipment market size is expected to be worth around US$ 30.24 billion by 2030, according to a new report by Vision Research Reports.
The global Bakery Processing Equipment market size was valued at US$ 12.92 billion in 2020 and is anticipated to grow at a CAGR of 5.10% during forecast period 2021 to 2030.
Growth Factors
The incorporation of better-for-you ingredients in and the growing demand for gluten-free bakery items are expected to stimulate market growth over the forecast period.
The demand for cakes and pastries is expected to witness growth on account of the introduction of novel flavors. Furthermore, the increasing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Bread and rolls are expected to witness significant growth on account of a substantial rise in the demand for these products in North America and Asia Pacific.
The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for processed food over the forecast period. Furthermore, the increasing prevalence of advertisements with attractive visuals and the availability of a wide range of flavors in processed food are anticipated to have a positive impact on the demand for processed food, and consequently, processing equipment.
Rising labor costs, coupled with the increasing energy costs and the cost of bakery product ingredients, are expected to compel end-use manufacturers to opt for efficient and advanced bakery processing equipment that can improve the overall production efficiency. In addition, fluctuation in the prices of raw materials, such as stainless steel and polymers, is expected to impact the overall cost of the bakery processing equipment.
Report Highlights
Ovens and proofers led the market and accounted for 34.2% share in 2020 on account of the extensive use of the product for baking and the rising demand for baked goods. In addition, the market is expected to be driven by the introduction of low energy consumption ovens.
Furthermore, dough sheeters have variable speeds so that different operating rates can be adapted to different dough types that are manufactured. Though prices of dough sheeters are a bit higher as compared to other commercial kitchen equipment, dough sheeters are expected to witness significant growth over the coming years.
Planetary and spiral type batch mixers are popularly used in the baking industry on account of their high versatility as they are capable of whipping, blending, mixing, and stirring a wide range of dough mixtures. In addition, spiral mixers require less resistance on spirals, which helps in controlling the temperature of the dough, ensuring easier kneading and proper rising.
An oven is the most important processing step in the baking industry as both heat and transfer phenomena take place simultaneously inside ovens triggering biochemical and physiochemical changes in the product. In addition, this step provides a crucial kill step that prevents pathogens from blooming within the product. Furthermore, baking in the oven imparts final characteristics, such as color, aroma, texture, flavor, and shelf life, to products.
The bread application segment led the market in 2020 with a share of 35.0%. This is because of the high demand for bread across North America and Europe due to the dietary habits of the consumers in the regions. In addition, the high demand for bread in the erstwhile traditional economies, such as India and China, is expected to drive the market over the forecast period.
Three of the biggest American pizza companies were planning to expand their operations in developing nations. For instance, Pizza Hut was planning to open 1000 new units in China, followed by Papa John’s and Domino’s (50 units each) in 2019. However, the impact of COVID-19 on the global economy, along with the rising tension between China and the U.S., could restrict the entry of foreign companies, which could hinder the market growth over the coming years.
To remain competitive in the market, bakeries across the globe are investing significantly in offering unique flavored products, such as incorporating vegetables such as beetroot, spinach, or carrot in bread, however, vegetable-based bread currently remains niche and contributed less than 6% of all bread launches in 2019. Sieve, baking trays, dough dividers, dough scorers, weighing scales, bread molds, and ovens are some of the machines used in bread making.
Measures adopted by food processing companies, such as revisiting sourcing strategies, rationalizing product ranges, and assessing the agility and resilience of supply chains and sales channels, are expected to positively impact the market growth. Furthermore, streamlining and optimization of the distribution network and along with promotion and pricing strategies, are anticipated to drive the demand for bakery processing equipment.
Asia Pacific held the largest share of 37.1% in 2020 and is expected to witness the fastest growth from 2021 to 2028. This is attributed to the increasing disposable income, the growing spending power of the middle-class population, rapid globalization, and the adoption of automated technology.
Factors such as growing industrialization, infrastructural development, and rising investments in the food and beverage sector are expected to create favorable growth opportunities in China. The food and beverage sector contributes significantly to the economy of China. Thus, the rising GDP contribution from the industrial and food and beverage sectors is projected to augment the growth of the market over the forecast period.
Several North American brands are driving consumers toward bakery products by offering limited edition, nostalgic, and seasonal products. As a result, the demand for bakery processing equipment offering utmost flexibility, such as the ingredients/raw materials could be changed batch by batch, is projected to grow significantly over the forecast period.
Germany is one of the major players in the European region in terms of bread and rolls production. According to GTAI, the annual household bread and bakery consumption stood at 58.9 kg in 2017. Increasing demand for healthy bread substitutes and packaged bakery products is expected to create new avenues for bakery product manufacturers.
Key Players
Ali Group S.r.l.
Baker Perkins Limited
Bühler AG
GEA Group Aktiengesellschaft
The Middleby Corporation.
JBT Corporation
Anko Food Machine Co., Ltd.
Markel Food Group
Koenig Maschinen GmbH
Heat & Control, Inc.
Market Segmentation
Equipment Outlook
Mixer & Blenders
Dividers & Rounders
Molders & Sheeters
Oven & Proofers
Others
Application Outlook
Bread
Cakes & Pastries
Cookies & Biscuits
Pizza Crusts
Others
Regional Outlook
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Asia Pacific
China
India
Australia
Japan
South Korea
Central & South America
Brazil
Middle East & Africa
South Africa
The Bakery Processing Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Bakery Processing Equipment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Bakery Processing Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bakery Processing Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Bakery Processing Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Bakery Processing Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Bakery Processing Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Bakery Processing Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Bakery Processing Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Bakery Processing Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Bakery Processing Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Bakery Processing Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Bakery Processing Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Bakery Processing Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Bakery Processing Equipment market. These factors have benefited the growth of the global market for Bakery Processing Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Bakery Processing Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Bakery Processing Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers