Significant Growth in Bakery Processing Equipment Market by 2025
by Mit K. SEO“The bakery processing equipment market is projected to grow at a CAGR
of 5.0%.”
According to MarketsandMarkets, the bakery
processing equipment market is estimated to account for nearly USD 8.9
billion in 2020 and is projected to grow at a CAGR of 5.0%, to reach nearly USD
11.4 billion by 2025. The bakery processing equipment market is mainly impacted
by innovations, as manufacturers are always introducing new processing
techniques to produce complex bakery products of different shapes and sizes, thereby
focusing on catering to the increasing demand from the processed food industry
and changing consumer demands.
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“The ovens & proofers segment is
estimated to account for the largest share in the market in 2020.”
On
the basis of type, the bakery processing equipment market is segmented into
mixers, ovens & proofers, slicers & dividers, sheeters & molders,
and other bakery processing equipment (conveyors, coating systems, stamping,
cooling systems, sprayers, depositors, loaders & unloader, and icing
machine). Ovens & proofers are bakery equipment that are mainly used for
the production of bakery products. A wide range of bakery ovens are
manufactured, which are designed using advanced technologies and research to
offer products with low fuel consumption, affordable prices, excellent volume,
shine, texture, and crust in the market. Manufacturers are providing ovens in
various shapes and sizes to meet the various requirements of customers around
the world, as per the recent market and consumption trends.
“The cakes & pastries segment in
the bakery processing equipment market is projected to record the fastest
growth through 2025.”
On the basis
of application, the bakery processing equipment market is segmented into bread,
cookies & biscuits, cakes & pastries, pizza crusts, and other bakery
products (donuts, pretzels, and croissants). Based on application, the cakes
& pastries segment is projected to record the highest growth in the bakery
processing equipment market between 2020 and 2025. Cakes & pastries are the
second-most preferred bakery products consumed after bread by customers
globally. Product innovation and increased penetration in the growing markets
in regions such as the Asia Pacific, Europe, and North America are the major factors
driving the growth of this market. Consumers are witnessing a significant
demand for bakery products that are gluten-free, which has led to increasing
adoption of bakery processing equipment among manufacturers in the coming
years. These factors are projected to drive the bakery processing equipment
market during the forecast period significantly.
“The bakery processing equipment market
is projected to witness high growth in the Asia Pacific during the forecast
period.”
The bakery
processing equipment market in the Asia Pacific is projected to witness the
highest growth during the forecast period. The consumption of food products in
the region is also rising steadily, driven by the growing population, rising
income, and rapid urbanization. Due to the hectic lifestyles of consumers in
countries such as China, India, Japan, and Australia & New Zealand,
students and workers of urban areas, in particular, prefer bakery products as
snacks. In China, imported bakery products have become a trend due to their
better quality and packaging. These factors support the growth of markets for
bakery products. Over the years, the bakery processing equipment market in this
region has grown rapidly due to the growing bakery and confectionery industries.
The bakery processing
equipmentmarketis segmented region-wise, with a detailed analysis of each
region. These regions include Asia Pacific, North America, Europe,and RoW (South America, the Middle East, and Africa).
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Leading players profiled in this report include the following:
·
GEA Group AG (Germany)
·
Bühler (Switzerland)
·
John Bean Technologies Corporation (US)
·
Rheon Automatic Machinery (Japan)
·
Baker Perkins (UK)
·
Markel Food Group (UK)
·
Anko Food Machine (Taiwan)
·
Gemini Bakery Equipment (US)
Research Coverage
The report
segments the bakery processing equipment processing market on the basis of
type, application, end user, and region. To offer valuable insights, this
report has focused on various levels of analysis—competitive landscape, end use
analyses, and company profiles—which together comprise and discuss views on the
emerging & high-growth segments of the bakery processing equipment market,
the high-growth regions, countries, government initiatives, drivers,
restraints, opportunities, and challenges. The report also focuses on the
various organic and inorganic strategies that are undertaken by key players for
expanding their global footprints in the international markets.
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Created on Aug 26th 2020 08:10. Viewed 239 times.