The size of the global bakery processing equipment market is anticipated to increase from US$ 11.5 billion in 2023 to US$ 21 billion in 2033, with overall sales increasing at a 6.2% CAGR between 2022 and 2033.
A major driver of the growth of the bakery processing equipment market is the rising consumption of baked goods around the world as a result of the changing lifestyles, rapidly expanding population, and rising disposable income. This trend is anticipated to continue throughout the forecast period.
Due to the health advantages and prolonged shelf life of bakery products like breads, cakes, and biscuits, people are increasingly inclined to buy them today. As a result, manufacturers are using cutting-edge processing equipment to boost production.
Similarly, advancements in bakery processing technologies coupled with the introduction of cost-effective products by key players will boost the market during the next ten years.
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Bakery ovens remain the top selling product type category in the market. This is due to the rising adoption of various types of bakery ovens by manufacturing companies globally.
According to the Market Research analysis, GEA Group, Buhler, JBT Corporation, The Middleby Corporation, Heat and Control, Inc., Rheon Automatic Machinery Co., Ltd, Ali Group, and Baker Perkins are identified as Key Players in the Bakery Processing Equipment market.
Key Takeaways from the Bakery Processing Equipment Market Study:
- By product type, the bakery ovens segment holds the largest share of the global bakery processing equipment market.
- Based on application, bread category remains the most remunerative segment in the global bakery processing equipment market.
- The U.S. currently dominates the global bakery processing equipment market with around 20% of the market share.
- The North America bakery processing equipment market is expected to grow at 6.13% CAGR between 2023 and 2033.
- China’s bakery processing equipment market is projected to grow at a CAGR of around 8.19% over the next ten years.
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“Increasing consumption of baked goods in countries such as the U.S., China, Germany, India, and the U.K. will continue to fuel the demand for bakery processing equipment. Beside this, development of new age bakery processing equipment will aid in the market expansion during the next ten years,” Says a lead Future Market Insights Inc. analyst.
Who is Winning?
According to FMI, GEA Group, Buhler, JBT Corporation, The Middleby Corporation, Heat and Control, Inc., Rheon Automatic Machinery Co., Ltd, Ali Group are identified as top Players dominating the bakery processing equipment market.
Market players are continuously upgrading their product portfolios by launching new and advanced products. Besides this, they are adopting strategies such as partnerships, mergers acquisitions, and collaborations to expand their global footprint.
Bakery Processing Equipment Market by Category
By Product Type:
- Bread Systems
- Bread Slicers
- Bakery Mixers
- Bakery Ovens
- Pan Greasers
- Bakery Freezers
By End User:
- Retail and Wholesale Bakeries
- Food services industry
- Supermarkets and retailers
- Baked Snacks industry (Baked chips etc.)
By Application:
- Bread
- Biscuits & Cookies
- Cakes & Pastries
- Pizza Crusts
- Others (Pretzels, Donuts, Pancakes, etc.)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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