PUBLISHER: Meticulous Research | PRODUCT CODE: 1576681
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576681
Bakery Processing Equipment Market by Type (Ovens, Proofers, Molders, Sheeters, Dividers, Rounders, Depositors, Dough Mixers), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Pizza Crusts, Doughnuts, Waffles)-Global Forecast to 2030
According to a new market research report titled, 'Bakery Processing Equipment Market by Type (Ovens, Proofers, Molders, Sheeters, Dividers, Rounders, Depositors, Dough Mixers), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Pizza Crusts, Doughnuts, Waffles)-Global Forecast to 2030,' published by Meticulous Research(R), the bakery processing equipment market is projected to reach $14.52 billion by 2030, at a CAGR of over 5.5% from 2024 to 2030. The report provides an in-depth analysis of the bakery processing equipment market across five major geographies, current market trends, size, and recent developments, and the forecast for 2030.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges.
The growth of the bakery processing equipment market is primarily driven by the rising demand for bakery products, advancements in manufacturing processes & technologies, heightened focus by manufacturers on reducing production costs, and changing consumers tastes & preferences. However, the high cost of equipment may restrain the growth of this market to some extent.
Furthermore, the expanding markets in Asia, Latin America, and Africa are expected to provide significant growth opportunities for players operating in this market. On the other hand, the lack of a trained labor force is the major challenge impacting the growth of the bakery processing equipment market.
Key Players
The key players operating in the bakery processing equipment market are GEA Group Aktiengesellschaft (Germany), Ali Group S.r.l. a Socio Unico (Italy), Heat and Control, Inc. (U.S.), The Middleby Corporation (U.S.), John Bean Technologies Corporation (U.S.), Baker Perkins Limited (U.K.), Rheon Automatic Machinery Co. Ltd. (Japan), Sinmag Equipment Corporation (Taiwan), Allied Bakery Equipment (U.S.), Gemini Bakery Equipment Company (U.S.), ANKO Food Machine Co., Ltd. (Taiwan), Markel Ventures Inc. (U.S.), KONIG Deutschland GmbH (Germany), WP Bakery Group (Germany), and GBT GmbH (Germany).
Based on type, the bakery processing equipment market is segmented into ovens & proofers, dough mixers, molders & sheeters, dividers & rounders, depositors, and other bakery processing equipment. In 2024, the ovens & proofers segment is expected to account for the largest share of the bakery processing equipment market. The large market share of this segment is attributed to the advancements in oven heating technologies and baking processes, coupled with the availability of new varieties of ovens at affordable prices.
Based on application, the bakery processing equipment market is segmented into bread, biscuits & cookies, cakes & pastries, pizza crusts, doughnuts, waffles, and other applications. In 2024, the bread segment is expected to account for the largest share of the bakery processing equipment market. The large market share of this segment is attributed to the rising consumer preference for convenience foods, the growing popularity of specialty frozen bread products, and the rising preference for healthy breads, such as gluten-free breads. In addition, the high demand for bread in the erstwhile traditional economies, such as China and India, is expected to boost the market during the forecast period.
The pizza crusts segment is also expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly driven by the shift in lifestyle and dietary preferences, with an increasing inclination toward convenience and fast foods. In response to this demand, pizza companies are consistently innovating and introducing new pizzas with healthier ingredients, thereby driving the need for associated processing equipment.
Based on geography, in 2024, Asia-Pacific is expected to account for the largest share of the bakery processing equipment market. Asia-Pacific's significant market share is attributed to various factors, including the increasing demand for bakery products manufacturing equipment, a thriving bakery industry, rapid industrialization, and initiatives by governments aimed at supporting the food processing sector.
Moreover, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth in this regional market is attributed to factors such as the growing middle class with high purchasing power and technological advancements in bakery processing equipment. In 2024, China is expected to account for the largest share of the bakery processing equipment market in Asia-Pacific, primarily due to a large population base, the high demand for convenience and ready-to-eat products, cost-effective manufacturing operations, and low labor costs in the country.
Bakery Processing Equipment Market Assessment-by Type
Bakery Processing Equipment Market Assessment-by Application
Bakery Processing Equipment Market Assessment-by Geography