The global bakery processing equipment market was valued at US$ 10.5 Bn in 2017 and is expected to witness a noteworthy growth, expanding at a CAGR of 7.0% during the forecast period from 2018 to 2026. Bakery industry has a significant position in the food processing industry. Growth in the production of bakery products is mainly attributed to its advantages over other processed food items. Bakery products are considered as convenient, ready to eat and possess satisfactory nutritional levels and thus have become essential food items of the vast majority of population.
The global bakery industry is transforming and changing at a rapid pace which in turn is supporting the growth of global bakery processing equipment market worldwide. In a view of the low price of bakery food items, rapid growth coupled with the changing eating habits of people, has gained popularity among the masses. The growth of these products have been tremendous in both the developed and developing regions across the globe. As a result, rising consumer demand for baked food products is the most important factor driving the global bakery processing equipment market worldwide.
The food processing sector has evolved tremendously in the recent years, providing avenues to the integration of advanced technologies like internet of things (IoT), artificial intelligence, and automation. Advancements in technologies and manufacturing processes are some of the key trends observed in the bakery processing equipment market. Introduction of enhanced technologies particularly aids to reduce human intervention thereby reducing the operational cost and increasing the productivity.
Market Snapshot
Sheeters & Molders accounted for the Largest Market Share in 2017
Based on the equipment type, sheeters & molders garnered the largest market share in 2017 and is likely to continue its supremacy in the years to come. Sheeters and molders are used for preparing bakery products of varied size, shape and style. A dough sheeter is responsible for increasing the baker’s consistency and efficiency by flattening the dough into very thin crusts. Whereas, bakery molders mold or forms the dough into the desired size and shape. Sheeters and molders are the bakery processing equipment of the modern bakery industry. High growth of this equipment is due to the increasing demand from bakery products manufacturers all across the world.
Asia Pacific Garnered Largest Market Share in 2017
The global bakery processing equipment market, on the basis of geography was led by Asia Pacific in 2017 and is expected to remain dominant throughout the forecast period from 2018 to 2026. In the Asia Pacific region, China accounted for the largest share in the bakery processing equipment market. The country has been continuously focusing on developing newer products and advanced technologies in the baking industry. Growing awareness among consumers about fat-free and low calorie bakery products is increasing in the country. As a result, demand for healthy bakery products is facilitating the need of specialized product development, which in turn is driving the market growth in the region.
Competitive Insights
Bakery processing equipment manufacturers are adopting strategies like new product development and partnerships to cater the needs of their customers and gain competitive advantage other players. The major players in the bakery processing equipment market include Markel Food Group, ANKO Food Machine Co., Ltd., Bongard, Briggs of Burton Plc, GEA Group, John Bean Technologies Corporation (JBT), MECATHERM, Meyer Industries, Nichimo Co., Ltd., Buhler AG, Ali Group S.r.l., Heat and Control, Inc., RHEON Automatic Machinery Co., Ltd., Baker Perkins among others.
Historical & Forecast Period
The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Bakery processing equipment market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global bakery processing equipment market based on equipment type, application and geography. Key segments covered in the report are as follows:
Key questions answered in this report
What was the market size of bakery processing equipment market in 2017 and forecast up to 2026?
What are the key factors driving the global bakery processing equipment market?
What are the key market trends and high-growth opportunities observed in the bakery processing equipment market?
What are the drivers of the bakery processing equipment market?
Which is the largest regional market for bakery processing equipment market?
Which segment will grow at a faster pace? Why?
Which region will drive the market growth? Why?
Which players are leading the bakery processing equipment market?
Frequently Asked Questions:
The market for Bakery Processing Equipment Market is expected to reach US$ 10.5 Bn By 2026.
The Bakery Processing Equipment Market is expected to see significant CAGR growth over the coming years, at 7.0%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Markel Food Group, ANKO Food Machine Co., Ltd., Bongard, Briggs of Burton Plc, GEA Group, John Bean Technologies Corporation (JBT), MECATHERM, Meyer Industries, Nichimo Co., Ltd., Buhler AG, Ali Group S.r.l., Heat and Control, Inc., RHEON Automatic Machinery Co., Ltd., Baker Perkins among others are some of the major players in the global market.
