The bakery processing equipment market was evaluated at US$9.674 billion for the year 2020, growing at a CAGR of 7.83% reaching a market size of US$16.395 billion by the year 2027.
Bakery processing equipment refers to a wide range of machines used for the conversion of raw materials into bakery products such as bread, cookies, and cakes, among others, through mixing, blending, baking, and other processes. The global market for bakery processing equipment is anticipated to grow at a notable pace over the forecast period, which may be attributed to the fact that there has been a surge in the consumption of bakery products, particularly in the developing economies due to increasing purchasing power and improvement in standards of living. Moreover, the increasing propensity of consumers in countries such as China and India to spend on processed food is also playing a significant role in shaping the market growth over the next five years. Additionally, the rise in the number of domestic bakery companies in many countries around the globe has also led to an increased demand for bakery processing equipment, thus, positively impacting the market growth during the next five years. Moreover, the players operating in the market are also strategically investing in R&D for the launch of new and enhanced products, acquisitions, and partnerships with a primary aim of capturing a greater share of the market and gaining a competitive edge over other players, which further shows the market growth potential over the next five years.
The bakery processing equipment market has been classified based on type, application, and geography. By type, the distribution of the market has been done as ovens, mixers, slicers, sheeters, refrigerators, and others. Based on application, the market has been segmented based on bread, cakes & pastries, cookies & biscuits, and others. Geographically, the global market for bakery processing equipment has been divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The growing bakery industry globally
The bakery processing equipment market is primarily driven by the worldwide bakery industry's growth. The increasing consumption of bakery products in several developing countries owing to the increasing purchasing power of the people, coupled with the presence of a vast number of small domestic bakers in the developing economies, are some of the major factors bolstering the market growth over the next five years. Furthermore, the growing demand for ready-to-eat products such as bread, puffs, muffins, and others due to the changing hectic lifestyles of people across both developed and underdeveloped economies has also led to an increase in the number of small bakeries operating at a domestic level in many countries, which is also positively influencing the demand for various types of equipment.
Ovens will have a significant market share. According to the type of equipment, ovens are projected to hold a promising market share throughout the next five years. Being the key equipment, ovens serve a wide range of applications in the bakery sector for baking and heating among others. Hence, creating a large market for ovens in the bakery processing equipment market. This segment is projected to witness healthy growth during the forecast period, which can be attributed to the fact that companies are investing in expansion as well as opening new manufacturing facilities. For instance, in February 2019, Bühler Holding AG, a Swiss plant equipment manufacturing company, announced the acquisition of Haas Group and added a new production facility in India. Thus, it represents a high growth potential in the demand for ovens in the next five years.
Over the next five years, the Asia Pacific area is expected to experience strong market expansion. The rising consumption of bakery products in countries such as China, India, and Indonesia, among others, is one of the primary drivers driving market expansion in the APAC region. Furthermore, the presence of a high number of small bakeries in several countries throughout the region boosts demand for bakery processing equipment. Additionally, throughout the projection period, the rising proclivity of consumers to spend on processed foods enhances the company’s growth potential for manufacturers and suppliers in the Asia Pacific area.
Z Matik S.r.l. introduced a novel tabletop/bench sheeter in December 2020, which is ideal for bakeries having limited space. The new sheeter can handle Filo dough, short dough, puff pastries, croissants, biscuits, and doughnuts, among other doughs.
Baker Perkins Ltd. devised and developed an autonomous mould stacking and cool cart system for their ServoForm Mini for low-volume confectionery manufacturing in August 2021. The requirement for manpower to retrieve & stack moulds from the machine is eliminated. With the debut of this product, the company will expand its ServoForm Mini line.
AutoCoding Systems Ltd, a prominent developer of label inspection & verification software solutions, was acquired by JBT Corporation, a leading worldwide digital solutions provider to large segments of the food production and air transportation industries, in March 2021.
The market growth has been negatively impacted by the recent outbreak since the disruption in the supply chain led to a delay in the order shipments faced by the equipment manufacturers. The non-availability of raw materials and labour further contributed to a slump in manufacturing output as well. On the other hand, the demand is expected to be hampered by the fact that the recent outbreak has further impacted the demand for bakery products in several countries. The temporary closure of bakeries in many parts of the world due to the safety guidelines laid down by the WHO to reduce the impact of the disease has further led to a decline in production across the bakery sector. Consequently, this leads to sluggish market growth.
|Market size value in 2020||US$9.674 billion|
|Market size value in 2027||US$16.395 billion|
|Growth Rate||CAGR of 7.83% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||GEA Group Aktiengesellschaft, Bühler AG, Schenck Process Group, Ali Group, JBT Corporation, Markel Food Group, The Middleby Corporation, Heat and Control, Inc., RHEON Automatic Machinery co.,ltd., König Maschinen GmbH, Kaak Group, Allied Bakery Equipment, ANKO FOOD MACHINE CO., LTD., Gemini Bakery Equipment Company|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the bakery processing equipment market?
A1. The bakery processing equipment market is projected to grow at a CAGR of 7.83% over the forecast period.
Q2. What will be the bakery processing equipment market size by 2027?
A2. The global bakery processing equipment market is projected to reach a market size of US$16.395 billion by 2027.
Q3. What is the size of the global bakery processing equipment market?
A3. Bakery Processing Equipment Market was valued at US$9.674 billion in 2020.
Q4. What factors are anticipated to drive the bakery processing equipment market growth?
A4. The bakery processing equipment market is majorly being driven by the globally growing bakery sector.
Q5. Which region holds the largest market share in the bakery processing equipment market?
A5. Geographically, the Asia Pacific region is projected to hold a significant share in the bakery processing equipment market owing to the booming consumption of bakery products in countries such as China, India, and Indonesia among others.
GEA Group Aktiengesellschaft
Schenck Process Group
Markel Food Group
The Middleby Corporation
Heat and Control, Inc.
RHEON Automatic Machinery co.,ltd.
König Maschinen GmbH
Allied Bakery Equipment
ANKO FOOD MACHINE CO., LTD.
Gemini Bakery Equipment Company
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