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. The demand for bakery processing equipment’s is increasing significantly, due to the increasing consumption of bakery products in developing countries such as China, India, South Africa and Brazil.
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).
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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During the forecast period, the depositors and pan greasers’ segment is projected to grow at the highest CAGR in the bakery processing equipment market, in terms of value. Depositing & pan greasing is becoming an important process during bakery processing as it has many advantages over conventional food processing, as it has flexible equipment which can be used to manufacture different types of products with different physical properties and texture. Its applications have substantially broadened in the last few years. As new trends are coming in cuisines and in bakery products such as pizza, types of biscuits like sandwich biscuits, it become popular in developing region like Asia pacific. For instance, in June 2021 AMF Tromp launched a smart applicator solution for pizza products. It deposits toppings such as cheese.
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.