Bakery Processing Equipment Market Trends, Industry Analysis, and Forecast

 

Bakery Processing Equipment Market

The Bakery Processing Equipment Market is anticipated to grow at a robust CAGR during the forecast period (2021-2028).

The factors driving the growth of Bakery Processing Equipment Market includes growing demand for packaged food products such as frozen foods and ready-to-eat meals, rising emphasis on food safety and increasing number of artisan bakeries and quick service restaurants around the world. According to the report published by Bloomberg, the Global Ready-to-Eat Meals Market is anticipated to reach USD 1,471.94 billion by 2028, growing at a CAGR of 5.4% over the forecast period (2022-208), which will boost the demand for bakery processing equipment in the coming years. Moreover, the technological advancements in bakery equipment, favorable Government regulations regarding the manufacturing of bakery processing machines and growing consumption of bakery items across the globe, are some of the additional factors supplementing the Bakery Processing Equipment Market size. In addition, the increasing disposable incomes improvements in the living standards, integration of robotics and automation and rising investments on research and development by the leading players, are further pushing the market growth.

However, the growth of Bakery Processing Equipment Market is hindered due to high installation cost of new machineries.

The prominent players operating in the Bakery Processing Equipment Market are The Middleby Corporation, JBT Corporation, Anko Food Machine Co. Ltd., Koenig Maschinen GmbH, Heat & Control, Inc., Ali Group S.r.l., Bühler AG, GEA Group Aktiengesellschaft, Schenck Process Group and Markel Food Group GmbH among others.

Equipment – Segment Analysis

Based on equipment, the ovens & proofers segment is anticipated to capture significant market share over the forecast period attributed to growing popularity of bakery items such as cookies, bread and biscuits.

Application – Segment Analysis

As per the Bakery Processing Equipment Market Trends, the bread segment is predicted to expand at a remarkable CAGR during the forecast period due to increasing consumption of bread in households, according to UK Flour Millers, bread is used in almost 99.8% of the British household, approximately, 11 million loaves of bread are sold every day in the United Kingdom.

Regional – Segment Analysis

According to the Global Bakery Processing Equipment Market Report, the European region is predicted to hold a sizeable market share over the forecast period. The growing consumption of gluten-free bakery products and ready to eat food products, strong hold of the leading players such as Bühler AG, and GEA Group Aktiengesellschaft, rapid urbanization, growing adoption of advanced manufacturing technologies and high per-capita incomes, are some of the important factors influencing the market growth in Europe.

Market Segmentation

Global Bakery Processing Equipment Market by Equipment

  • Mixer & Blenders
  • Dividers & Rounders
  • Moulders & Sheeters
  • Oven & Proofers
  • Others

Global Bakery Processing Equipment Market by Application

  • Bread
  • Cakes & Pastries
  • Cookies & Biscuits
  • Pizza Crusts
  • Others

Global Bakery Processing Equipment Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Location: United States

Comments

Post a Comment

Popular posts from this blog

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more