Rise in Demand for From the Processed Food Industry and Consumers
In the past few years, the Global Bakery Processing Equipment Market has experienced enormous growth in the food industry. This is owing to changing busy lifestyles of consumers along with changing trends towards snacking. The demand for bakery products such as cookies & biscuits, and bread among others is increasing tremendously. Especially in the children population, the demand for serval flavored cookies and biscuits is increasing at its wildest level. This is increasing the demand for bakery processing equipment such as sheeters & molders, ovens & proofers, and slicers & dividers. Owing to several benefits such as increased production capacity, enhanced quality control, smaller equipment footprints, and improved food safety offered by equipment is surging the adoption of the equipment in the food industry. Thus, further boosting the Bakery Processing Equipment Market growth.
Moreover, the demand for pizza crust is increasing owing to snowballing demand for pizza from consumers as a healthy and convenient food. This is increasing the demand for bakery processing equipment such as ovens & proofers, slicers & dividers, consequently; increasing market growth. Nowadays, the oven is witnessing to be one of the vital pieces of equipment in the kitchen. Thus, the demand for ovens is increasing in the residential sector for household purposes. Thus, it is anticipated likely to propel market growth in the near future. However, the lack of infrastructural support in emerging countries is anticipated to hinder market growth.
Where the Market Will Head By 2028?
Our report on Bakery Processing Equipment Market has covered the study of the latest development and investment in the market. Moreover, the report covers the value chain analysis, regulatory analysis, market attractiveness analysis, and Porter’s five forces analysis, for Bakery Processing Equipment Market. Additionally, our report includes market drivers, restraints, and opportunities along with COVID-19 impact analysis, historical & descriptive analysis, forecasts & predictive analysis. The Global Bakery Processing Equipment Market valued at USD 11.2 Billion in 2021 and expected to reach USD 16.8 Billion in 2028 at CAGR of 5.3%.
Some of the key players in the Bakery Processing Equipment Market are - 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)
The Asia Pacific is projected to hold a substantial share of the Bakery Processing Equipment Market and is further anticipated to continue its dominance during the forecast period of 2022-2028. The market growth in the region is attributed to, presence of emerging economies such as India and China in the region. Also, as China and India are some of the most populated countries in the world, it offers a special opportunity for key players. Thus, further anticipated to boost the market growth.