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.
The processed food market is driven by the increase in the need for convenience due to the busy customer lifestyles. Further, growth in per-capita income has resulted in greater demand for ready-to-eat and on-the-go food items. This, in turn, has led to an increase in demand for bakery products. The outlook on the growth of bakery processing equipment market is projected to remain positive due to the high growth in the bakery industry.
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Consumers are also benefited by the purchase of bakery products, as it is easy for them to use, consume, and store for a longer period of time. Consumer preferences in developing countries, such as China, India, Brazil, and the Middle East, have witnessed a gradual transition from traditional home-made breakfasts and snacking meals to ready-to-eat products over the last couple of decades. The convenience in the preparation of these food products helps to easily preserve the quality of bread, pizza, cakes, pastries and pies. These equipment innovations enable easy handling, extend the shelf life of the products, and impart better aesthetic properties and flavor characteristics to the end products. This has been contributing to the growth of the bakery processing equipment market.
Frozen bakery products have grown in popularity due to factors such as ease of preparation and time and cost efficiency that they provide to other institutional outlets. There is a rise in demand for different types of frozen bakery products, owing to their varying tastes and applicability in Quick Service Restaurants and food chains. The increasing variety of international specialties in domestic food markets is an emerging trend in the global frozen bread and bakery markets. Crossover bakery products are gaining popularity. Some of these products, such as frozen bread, are witnessing consumer preference over other frozen bakery products. The increasing popularity of frozen bakery products has also compelled manufacturers to boost production; it has also led to an increased demand for various types of bakery processing equipment.
The Europe is estimated to account for the largest market share in the bakery processing equipment processing market in 2021. The bakery industry in Europe offers the bakery processing equipment market a large consumer base with opportunistic growth prospects. The growth of this market in the region is projected to be driven by developments in the bakery industry in the Eastern European countries. Increasing consumption of baked food products in this region has also compelled manufacturers to source and export bakery processing equipment to other parts of the world for an uninterrupted supply of advanced machinery.
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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the bakery processing equipment market. It includes the profiles of leading companies such as GEA Group AG (Germany), Bühler (Switzerland), JBT Corporation (US), Heat and Control (US), Rheon Automatic Machinery (Japan), Markel Food Group (US), Baker Perkins (UK), Anko Food Machine (Taiwan), Gemini Bakery Equipment (US), Allied Bakery Equipment (US), Global Bakery Solutions (UK), and Erica Record LLC (US).
Jan 5, 2022
Bakery Processing Equipment Market Dynamics: Drivers, Restraints, Key Players
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,...
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