PUBLISHER: Grand View Research | PRODUCT CODE: 1511876
PUBLISHER: Grand View Research | PRODUCT CODE: 1511876
The global bakery processing equipment market size is anticipated to reach USD 21,780.6 million by 2030 and is projected to expand at a CAGR of 6.7% during the forecast period, according to a new report by Grand View Research, Inc. The rapid expansion of the cafes, commercial and artisanal bakeries is expected to propel the demand for the market growth in the coming years.
The rapid expansion of the cafes, commercial and artisanal bakeries is primarily fueled by the fast-paced lifestyle of consumers who are increasingly looking for quick and easy meal options. This, in turn, boosts the consumption of bakery products like bread, pastries, cookies, and cakes. As these products require specific types of machinery for production, ranging from mixers to ovens and cutters, the surge in demand directly impacts the need for advanced and efficient bakery processing equipment.
The globalization in the food & beverage industry is a significant driving force behind the increasing demand for various bakery processing equipment. Tapping into this globalization trend, bakery manufacturers are looking to expand their reach to new geographic areas. These expansions require the adoption of advanced bakery processing equipment. Manufacturers also focus on the diverse tastes and preferences of consumers in different regions, ensuring that products can be tailored according to local tastes while maintaining high quality and consistency.
Ergonomically designed machines are significantly driving the market growth by enhancing efficiency, reducing worker fatigue, and minimizing the risk of injuries. These user-friendly machines improve productivity and ensure a smoother operation flow, making them highly desirable for bakeries aiming to optimize their production processes and ensure employee well-being.
Manufacturers are proactively engaged in the strategic developments such as acquisitions, mergers, joint ventures, new product launches, and geographical expansion, to enhance market penetration. These strategies help manufacturer to reach the customers on a broader range and drive the market share of its products. For instance, in April 2023, Munson introduced a cylindrical plow blender for spices, powders, herbs, and cake mixes. The new product is equipped with two large doors on the side with air purge packing shaft seals and a bottom discharge port. Such new product launches in the market are likely to positively impact the global market.