Bakery Processing Equipment Market

Bakery Processing Equipment Market: By Type, Application, Function, Mode of Operation, end-user, and Region

Market Synopsis:

Global Bakery Processing Equipment market is valued at USD 11.57 Billion in 2022 and is projected to attain a value of USD 17.37 Billion by 2030 at a CAGR of 5.20% during the forecast period, 2022–2028. Demand for Bakery Processing Equipment is growing, and companies in the industry are working hard to meet this demand. It's no wonder: the global bakery industry - which includes baked goods and ready-to-eat cereals - generated $11.2 billion in 2021. However, recent economic downturn has made it harder on bakeries since their customers can't afford to buy as many sweets during tough times.

Changing Consumer Lifestyle and Growing Preference for Convenience food to Drive growth of Bakery Processing Equipment Market

Growth in Bakery Processing Equipment is expected to be driven by various drivers including changing lifestyle, rising disposable income, increasing bakery product demand in the emerging countries that are witnessing economic growth, rising health awareness among consumers across regions, etc.

Bakery products are very popular in all over the world. The demand for bakery products is increasing day by day. The major reason for increase in demand of bakery product is that it is a part of consumer's daily life. In morning time, most of people living in North America, Europe, Asia Pacific prefers to eat bread, different variety of cakes and many other items from bakery. Many people prefer bakery product because they can easily bake at home with less efforts and in small amount so even if they have little free time at home, they can spend it to bake something delicious and tasty. Even if their skills are not good but still everyone wants to eat homemade baked food because the quality is much better than normal bakery product. Apart from this, millions of people visit restaurant daily to eat cakes, especially the young generation prefer different types of cake items specially for party and other occasions. Moreover, bakery products are very famous among kids so bakery product demand is increasing day by day just because of these reasons.

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Market Segmentation:

Global Bakery Processing Equipment market is segmented by type, application (bread, cookies & biscuits, cakes & pastries), end user (foodservice industry and bakery processing industry), function, mode of operation and region.

By Type, Bakery Oven to Dominate Bakery Processing Equipment Market

The bakery process equipment helps bakery manufacturers to produce bakery products with good appearance and texture while ensuring high efficiency, which ultimately results in reducing bakery product wastage during production. For instance, bakery ovens can reduce batch-to-batch variation since it enables accurate temperature control when compared to traditional ovens or furnaces used for baking bread. It also makes sure minimum raw material wastage through bakery ovens.

The Bakery Processing Equipment market includes bakery ovens, bakery automation equipment, bakery materials handling equipment and bakery mixers market segments. The highest revenue contribution will come from bakery ovens with 46%, followed by bakery mixers with 18% share of the Bakery Processing Equipment's market revenue by 2028 end, showing that different types of the bakery process equipment have their own specific applications and usage areas. While taking into consideration geographical regions, bakery ovens and bakery materials handling equipment will be the highest revenue generator in the Bakery Processing Equipment market.

Asia Pacific Bakery Processing Equipment Market to Grow at Highest CAGR

In Asia Pacific, Bakery Processing Equipment is witnessing increasing demand among bakery manufacturing firms. The bakeries are growing rapidly in the countries such as China and India due to changing food habits of consumers. In fact, they have become an integral part of people's life if environmental factors such as convenience and product innovation increase bakery consumption. Therefore, cake shops, fast food chains and pizza outlets have increased day by day due to high population base. The growth in the regional market is majorly attributed to rise in disposable income level, rapid urbanization, change in purchasing power, consumer preference for bakery products and increasing bakery outlets all over the region. This has further led to large scale bakery production in different countries of Asia Pacific. The Bakery Processing Equipment segment is expected to witness significant demand in coming years due to rising bakery consumption in the region.

However, the bakery manufacturers are facing certain challenges in Asia Pacific before they expand their bakery business like lack of awareness regarding bakeries products, improper market research, high base cost, power shortage for long hours and poor infrastructure facilities.

Key Players:

Bühler (Switzerland), GEA Group (Germany), The Middleby Corporation (US), JBT Corporation (US), Rheon Automatic Machinery Co., Ltd (Japan), Heat and Control, Inc. (US), Ali Group (Italy), Makel Food Group (US), Baker Perkins (UK), Gemini Bakery Equipment Company (US), Anko Food Machine Co., Ltd. (Taiwan), Global Bakery Solutions (UK), Allied Bakery Equipment (US), and Erica Record LLC (US) are some of the key players in the global Bakery Processing Equipment market.

The Bakery Processing Equipment is Segmented as Follows: