The global bakery processing equipment market size is expected to reach around US$ 23.5 bn by 2027. In terms of value, the market is estimated to expand at a CAGR of 9.5% during the forecast period from 2021 to 2027. In terms of volume, the market stood at around 10,889.9 thousand units in 2017. The bakery processing equipment market is influenced by market dynamics with the prime driving factor of increasing consumer demand for bread and baked food products.
Rising demand for bakery products, and increased appetite for sweet foods will create new opportunities for growth in the bakery processing equipment market in the near future. The market is expected to grow at a notable 9% CAGR during the forecast period, as demand for products like bread slicer, mixers, dough proofer continues to skyrocket.
Among regions, North America is likely to remain dominant in terms of total revenues. However, the growth for Asia Pacific remains most promising as conventional bakeries adopt modern infrastructure to meet the demand for a quick snack. The rising disposable income, and changing lifestyle trends will also drive growth for the bakery processing equipment market in the region.
The report analyzes and forecasts the bakery processing equipment market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2021 to 2027. 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 comprises a detailed value chain analysis, which provides a comprehensive view of the global bakery processing equipment market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the bakery processing equipment market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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 2027. 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.
read Processing Equipment Promises to Drive Major Growth
Bread processing equipment promises to remain at the forefront of growth, as demand for healthy, and natural bread remains enticing to potential consumers. The rising demand for natural breads, and the large quantities, and varieties of flavours make it essential for bakery owners to avail essential bread processing equipment. Equipment like bread slicer can significantly improve efficiency, and productivity, as growth for the bakery processing market remains promising over the forecast period. The segment reached a valuation of over $600 million in 2017. It is expected to grow at a robust 8.2% CAGR during the forecast period to reach a valuation of US$ 938.8 mn in 2027.
Biscuits and Cookies to Reign Supreme during the Forecast period
Cookies and biscuits promise to emerge as the biggest draw for bakery manufacturers during the forecast period. The growing demand, and variety in cookies, and their large-scale manufacturing application requires a similar supporting infrastructure. The rising demand for cookies, and biscuits are expected to bring in as much as US$ 6648.2 mn in the overall market, growing at a brisk 9.4% CAGR during the forecast period. The continuous popularity of cookies in established regions like North America, and increased demand for these foods in emerging regions of Asia Pacific remain a promising opportunity.
The global bakery processing equipment market report has profiled the top players having a global presence such as GEA Group AG, Buhler Holding AG, John Bean Technologies Corporation, Ali Group S.r.l., Heat and Control, Inc., Meyer Industries, Inc., Baker Perkins Limited, Markel Food Group, ANKO Food Machine Co., Ltd., Erika Record LLC, Gemini Bakery Equipment Company, Rheon Automatic Machinery Co., Ltd., Global Bakery Solutions Ltd., Peerless Food Equipment, and Allied Bakery Equipment.
The bakery processing equipment market is segmented as below.
Bakery Processing Equipment Market
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This report provides insights into the following pointers:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: