Bakery Processing Equipment Market size is forecast to reach $11.8 billion by 2026, growing at a CAGR of 4.7% during the forecast period 2021-2026. Bakery processing equipment is a system or machinery which is used for making bakery products such as cakes, pastries, breads, cookies, pizza, biscuits, donuts and other products. Different types of equipments are used for making various bakery products that includes various bakery processes such as mixing, cooling, baking, enrobing, molding, extrusion and others. Equipments used in food processing of bakery products are mixers, slicers, proofers, and many others. Additionally, these machines offer enhanced reliability, easy cleaning, and maintenance capabilities, adding to the market development. Increasing consumption of bakery items such as pizza, pancakes, donuts, cookies, cakes, and others, as well as increasing demand for upgraded appliances are the major factors driving market growth. Changing lifestyle and increasing disposable income of the people is set to further enhance the overall market development of the Bakery Processing Equipment Market for the period 2021-2026.
Bakery Processing Equipment Market Segment Analysis – By Type
Ovens & Proofers held the largest share in the Bakery Processing Equipment Market in 2020 and is estimated to grow at a CAGR 5.3% during the forecast period 2021-2026. Ovens and proofers are bakery machinery that are mostly used in the manufacture of bakery goods. An oven is an equipment that heats, bakes, and transforms dough or baking batter into pizza, cookies, or other bakery items. According to recent demand and consumption patterns, manufacturers offer ovens in a variety of shapes and sizes to satisfy the diverse needs of consumers all over the world. Furthermore, ovens & proofer are food processing equipment are widely used in baking resulting in its market dominance. Ovens & Proofers are estimated to register the higher CAGR over the period 2021-2026.
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Bakery Processing Equipment Market Segment Analysis – By Application
Bread held the largest share in the Bakery Processing Equipment Market in 2020 and is estimated to grow at a CAGR 5.8% during the forecast period 2021-2026. Breads are most consumed bakery products across the globe. Bread is a staple meal that is usually baked from a dough of flour and water. It has long been a common food in many parts of the world. It is one of the oldest man-made foods. It is a popular and frequent food item in households and restaurants, and it is used to produce a variety of recipes and substance food products. Bread are estimated to register the higher CAGR over the period 2021-2026.
Bakery Processing Equipment Market Segment Analysis – By Geography
Asia-Pacific dominated the Bakery Processing Equipment Market with a major share of 41.3% in 2020. This is attributed to rising consumption and production of bakery products in this region. According to All India Bread Manufacturers Association (AIBMA), India being third largest producers of bakery products. Furthermore, growing urbanization, increasing disposable income of the people leads to rise in demand for bakery products in this region thereby leading to the market growth. However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to strengthening R&D and automation in food processing industry coupled with changing preference of the people towards healthy baked products. Growing awareness about benefits clean label products is also driving the growth of the market in this region.
Bakery Processing Equipment Market Drivers
Increasing Number of Bakeries
Increasing number of artisan bakeries and quick service restaurant is increasing the growth of the Bakery Processing Equipment Market. This is owing to rise in demand for fresh bread and other bakery products. Quick-service restaurants (QSRs) are rapidly expanding and focusing on optimizing the consumer experience. Installing automatic baking machines aids in increasing overall efficiency. Furthermore, the online food ordering movement has prompted foodservice operators to invest in machines and systems that can deliver fast baking results. Thus, increasing the growth of the Bakery Processing Equipment Market during the forecast period 2021-2026.
Growing Technological Advancement
Increasing technological advancement in bakery processing equipment is increasing the growth of the Bakery Processing Equipment Market. Technology helps to strengthening R&D and automation in food processing industry. Furthermore, the advancement in advanced technologies and the growth of new machines results in an increase in demand for improved equipment. Thus, increasing the growth of the Bakery Processing Equipment Market during the forecast period 2021-2026.
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Bakery Processing Equipment Market Challenges
High Cost Of Maintenance
Some of the factors that are set to impede the growth of the Bakery Processing Equipment Market has a high cost of maintenance because proper cleaning of equipment is needed to ensure the quality of processed food. High initial investment and installation cost is also set to hinder the growth of the market.
Bakery Processing Equipment Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Bakery Processing Equipment Market. In 2020, the Bakery Processing Equipment Market share is consolidated by the top ten players present in the market. The Bakery Processing Equipment Market, top 10 companies are, GEA Group AG, Heat and Control, Paul Mueller Company, Gemini Bakery Equipment, Allied Bakery Equipment, Erica Record LLC, EUROASIA FOOD EQUIPMENT SDN BHD, Buhler and others.
Key Takeaways
Asia-Pacific dominated the Bakery Processing Equipment Market in 2020 owing to the rising consumption of bakery products. The Bakery Processing Equipment Market scope for different regions will be provided in the final report.
Increasing technological advancement in bakery industry are likely to aid the market growth of the Bakery Processing Equipment Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Bakery Processing Equipment Market report.
The factor which hamper the Bakery Processing Equipment Market are high initial investment and high maintenance cost of equipment.
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