Bakery Processing Equipment Market: Key Growth Factors and Global Forecast to 2026

The bakery processing equipment market is estimated to account for about USD 11.6 billion in 2021 and is projected to reach a value of nearly USD 14.8 billion by 2026, at a CAGR of 5.1%. The bakery processing equipment market is highly 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 consumers. Development of new machinery and enhancement of the existing ones are the key strategies adopted by many players in the bakery processing equipment market. 

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The Asia Pacific market is projected to grow at the highest CAGR during the forecast period 

The bakery processing equipment market in the Asia Pacific region is projected to grow rapidly due to the enhanced economic growth in the last decade.  The food industry has also played an important role in the region's economic development. Food consumption in the regions is also gradually increasing, owing to expanding population, rising income, and rapid urbanization. Students and professionals in metropolitan regions choose bakery products as snacks due to the hectic lifestyles of customers in countries such as China, India, Japan, Australia and New Zealand. Because of their superior quality and packaging, international bakery items have seen an increase in demand in China. These variables all contribute to the expansion of bread product markets.

Key Market Players 

Key players in this market include GEA Group (Germany), Bühler (Switzerland), JBT Corporation (US), The Middleby Corporation (US), Heat and Control, Inc. (US), Rheon Automatic Machinery Co., Ltd (Japan), Ali Group (Italy), Baker Perkins (UK), Makel Food Group (US), Anko Food Machine Co., Ltd. (Taiwan), Gemini Bakery Equipment Company (US), Allied Bakery Equipment (US), Global Bakery Solutions (UK), Erica Record LLC (US), and Koenig Maschinen - The Bakers Crown (Austria). 

The Bread segment is estimated to dominate the global bakery processing equipment market 

By application, the bread segment is estimated to dominate the global bakery processing equipment market. The bread segment is projected to witness significant growth due to the increasing preference for healthy bread, such as multi-grain and gluten-free bread. As customers are becoming more health-conscious, they are encouraged to opt for bakery products that are gluten-free and are low in carbohydrates, unlike the traditional white bread. Bread is considered a staple food in many countries worldwide. 

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By function, the baking segment is estimated to account for the largest share in the bakery processing equipment market 

On the basis of function, the baking segment is estimated to dominate the bakery processing equipment market in 2021. In recent years, China is being observed as an emerging country in the bakery processing equipment market due to the growing demand for specialized and innovative bakery products. Industrial bakeries use automated bakery machinery, while artisanal bakeries use smaller bakery equipment.

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Created on Feb 14th 2022 07:17. Viewed 169 times.

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