bakery-processing-equipment-market

Bakery Processing Equipment Market By Equipment (Ovens & Proofers, Sheeters & Proofers, Mixers & Blenders, Dividers & Rounders, and Others), By Application (Breads, Cookies & Biscuits, Cakes & Pastries, Pizza Crusts, and Others)) - Growth, Future Prospects and Competitive Landscape, 2024 – 2032

25 Feb 2019 Format PDF icon PPT icon XLS icon Request Sample

The global bakery processing equipment market was valued at US$ 13.44 Bn in 2021 and is expected to witness a noteworthy growth, expanding at a CAGR of 7.0% during the forecast period. Bakery industry has a significant position in the food processing industry. Growth in the production of bakery products is mainly attributed to its advantages over other processed food items. Bakery products are considered as convenient, ready to eat and possess satisfactory nutritional levels and thus have become essential food items of the vast majority of population.  

The global bakery industry is transforming and changing at a rapid pace which in turn is supporting the growth of global bakery processing equipment market worldwide. In a view of the low price of bakery food items, rapid growth coupled with the changing eating habits of people, has gained popularity among the masses. The growth of these products have been tremendous in both the developed and developing regions across the globe. As a result, rising consumer demand for baked food products is the most important factor driving the global bakery processing equipment market worldwide.

The food processing sector has evolved tremendously in the recent years, providing avenues to the integration of advanced technologies like internet of things (IoT), artificial intelligence, and automation. Advancements in technologies and manufacturing processes are some of the key trends observed in the bakery processing equipment market. Introduction of enhanced technologies particularly aids to reduce human intervention thereby reducing the operational cost and increasing the productivity.

"Sheeters & Molders accounted for the Largest Market Share in 2021"

Based on the equipment type, sheeters & molders garnered the largest market share in 2021 and is likely to continue its supremacy in the years to come. Sheeters and molders are used for preparing bakery products of varied size, shape and style. A dough sheeter is responsible for increasing the baker’s consistency and efficiency by flattening the dough into very thin crusts. Whereas, bakery molders mold or forms the dough into the desired size and shape. Sheeters and molders are the bakery processing equipment of the modern bakery industry. High growth of this equipment is due to the increasing demand from bakery products manufacturers all across the world.

"Asia Pacific Garnered Largest Market Share in 2021"

The global bakery processing equipment market, on the basis of geography was led by Asia Pacific in 2021 and is expected to remain dominant throughout the forecast period. In the Asia Pacific region, China accounted for the largest share in the bakery processing equipment market. The country has been continuously focusing on developing newer products and advanced technologies in the baking industry.  Growing awareness among consumers about fat-free and low calorie bakery products is increasing in the country. As a result, demand for healthy bakery products is facilitating the need of specialized product development, which in turn is driving the market growth in the region.

Competitive Insights

Bakery processing equipment manufacturers are adopting strategies like new product development and partnerships to cater the needs of their customers and gain competitive advantage over other players. The major players in the bakery processing equipment market include Markel Food Group, ANKO Food Machine Co., Ltd., Bongard, Briggs of Burton Plc, GEA Group, John Bean Technologies Corporation (JBT), MECATHERM, Meyer Industries, Nichimo Co., Ltd., Buhler AG, Ali Group S.r.l., Heat and Control, Inc., RHEON Automatic Machinery Co., Ltd., Baker Perkins among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bakery Processing Equipment market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Bakery Processing Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Equipment
  • Ovens & Proofers
  • Sheeters & Molders
  • Mixers & Blenders
  • Dividers & Rounders
  • Others (Spraying Machines, etc.)

Application
  • Bread
  • Cookies & Biscuits
  • Cakes & Pastries
  • Pizza Crusts
  • Others (Croissants, Donuts, Pretzels, etc.)

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Bakery Processing Equipment market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Bakery Processing Equipment market?
  • Which is the largest regional market for Bakery Processing Equipment market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Bakery Processing Equipment market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Bakery Processing Equipment market worldwide?
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