Bakery Processing Equipment Market – Market Leaderby Mit K. SEO
According to MarketsandMarkets, the bakery processing equipment market is estimated to account for nearly USD 11.6 billion in 2021 and is projected to reach a value of nearly USD 14.8 billion by 2026, growing at a CAGR of 5.1% from 2021. Emerging markets in upcoming economies such as Asia Pacific and South American countries is going to be a potential market for the bakery processing equipment manufacturers. Factors such as the increasing number of artisan bakeries and quick service restaurants (QSRs) and upgradation of technology in bakery are projected to drive the growth of the bakery processing equipment market during the forecast period.
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The demand for ultra-processed bakery products such as cakes, pastries, baked biscuits, and other baked products is high in the developing and developed countries, such as the UK, China, India, Germany, the US, Canada, and Spain. Also, Consumers are witnessing a demand for healthier and less-processed bakery products, which continue to increase, along with the demand for artisan, egg-less, allergen-free, sugar-free, non-dairy, and organic baked goods. The trend of offering products that are lightweight, healthy, allergen-free, organic, and contain whole-grain ingredients is becoming prevalent in the market. Thus, many countries have an established bakery industry and are witnessing an increasing demand for premium and innovative bakery products such as pastries, glazed & chocolate coated donuts, sugar & chocolate-coated cookies, and chocolate pies. Industries are focusing on offering bakery items to meet the increasing demand of consumers. The increasing preference for bakery products has further led to a surge in demand for bakery processing equipment globally.
Based on application, the market segmentation includes bread, cookies & biscuits, cakes & pastries, pizza crusts & other applications like croissants, donuts, and pretzels. The pizza crusts segment is projected to grow at the highest CAGR of 5.8% in the global bakery processing equipment market to reach USD 1,844.5 million by 2026. Bread, cookies, cakes, and pastries are some of the most widely consumed bakery products in various countries. North America and Europe are the largest consumers of bread and bread-related products. Due to the increasing consumption of bakery products such as cakes, pastries, and muffins in these regions, the demand for bakery products is projected to remain high during the forecast period.
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. Hence, the companies are focusing more on developing new and innovative products, which offer opportunities for growth. These factors are projected to increase the demand for bread processing machinery. In most countries, vegetarian bakery products also witness significant demand from health-conscious and vegan consumers. The bread that does not contain meat or lard is highly preferred among many vegetarian consumers. For instance, in September 2021, The Middleby Corporation (US) company has acquired Imperial commercial cooking equipment company (US) which is manufacturer of range of fryers, ovens, countertop equipment’s for the production of many baking applications like Bread, biscuits and cooking, pizza crusts etc.
Created on Jan 28th 2022 03:06. Viewed 245 times.