PUBLISHER: The Business Research Company | PRODUCT CODE: 1391027
PUBLISHER: The Business Research Company | PRODUCT CODE: 1391027
“Bakery Processing Equipment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bakery processing equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bakery processing equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The bakery processing equipment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Bakery processing equipment consists of systems and machines utilized in the baking industry to produce a diverse range of bakery products. Widely employed in the production of various baked goods, these equipment play a crucial role in the efficiency and output of bakery operations.
The bakery processing equipment market covered in this report is segmented based on various criteria. These segments include types of equipment such as mixers, ovens & proofers, slicers & dividers, sheeters & molders, depositors & pan greasers. The modes of operation are categorized as automatic and semi-automatic. Furthermore, the application segment includes bread, cakes & pastries, cookies & biscuits, pizza crusts, and other applications. Lastly, the end-users of bakery processing equipment encompass the bakery processing industry and the foodservice industry. This segmentation provides a comprehensive overview of the diverse elements within the bakery processing equipment market.
The bakery processing equipment market research report is one of a series of new reports from The Business Research Company that provides bakery processing equipment market statistics, including bakery processing equipment industry global market size, regional shares, competitors with bakery processing equipment shares, detailed bakery processing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the bakery processing equipment industry. This bakery processing equipment research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The bakery processing equipment market size has grown strongly in recent years. It will grow from $13.11 in 2023 to $14.15 in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed during the historical period can be attributed to several factors, including an increase in consumer demand for bakery products, the widespread adoption of automation in bakery operations, the expansion of bakery chains and retail outlets, the growing demand for diverse and specialty baked goods, and a necessity for efficiency and productivity in bakery production. These factors collectively contributed to the growth and development of the bakery processing equipment market during the specified historical timeframe.
The bakery processing equipment market size is expected to see strong growth in the next few years. It will grow to $18.94 in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to various factors, including the adoption of energy-efficient and sustainable equipment, market expansion in emerging economies coupled with urbanization trends, the customization of equipment tailored for artisanal and niche bakeries, the increasing popularity of online and direct-to-consumer bakery sales, and a strong emphasis on product differentiation and unique baked creations. Major trends expected during this period include innovation in gluten-free and allergen-friendly baking solutions, digitalization and integration with Industry 4.0 principles, increased automation in proofing and fermentation processes, the development of efficient dough handling and mixing solutions, as well as a focus on hygienic design and easy cleaning practices. These trends highlight the evolving landscape of the bakery processing equipment market as it responds to changing consumer preferences and technological advancements.
The bakery processing equipment market is anticipated to experience growth, propelled by the increasing consumption of bakery products. As consumers exhibit a growing preference for bakery items, the demand for various bakery processing equipment rises. The global bakery products market, valued at $507.38 billion in 2020, is projected to maintain a Compound Annual Growth Rate (CAGR) of 2.5% between 2021 and 2026, emphasizing the significant influence of consumer choices on the bakery processing equipment market.
The bakery processing equipment market is expected to witness expansion due to lifestyle changes. Modern lifestyles, characterized by busy routines and limited time for extensive food preparation, drive the adoption of bakery processing equipment like bread machines and dough mixers. These appliances empower individuals to create fresh bread and pastries at home with minimal effort, catering to the convenience sought by those with hectic schedules. As of January 2021, a report from the UK Government Digital Service revealed that 80% of individuals over the age of 18 were projected to have undergone lifestyle changes in that year, indicating a widespread shift influencing the bakery processing equipment market.
A key trend in the bakery processing equipment market is the emergence of strategic collaborations between companies. Manufacturers of bakery processing equipment are engaging in partnerships and collaborations to innovate and develop new technologies and products. For instance, Turri F.lli Srl, an Italian machinery design and manufacturing company for bakeries and related businesses, collaborated with Eaton, a multinational power management company, in March 2021. This collaboration enabled Turri to leverage Eaton's solutions for digital transformation, resulting in specific improvements in process efficiency and cost management. Additionally, Buhler, a Swiss multinational plant equipment manufacturer, partnered with DIL Deutsches Institut fur Lebensmitteltechnik e. V., a German food technology research institute, in January 2021, to establish the Technology Center Proteins of the Future. This unique technology center focuses on cutting-edge research, testing, and advanced food and bakery processing equipment to create nutritious and sustainable-protein foods.
Major players in the bakery processing equipment market are actively pursuing innovation by introducing new products, particularly in the realm of eco-friendly packaging solutions, to enhance their market presence and profitability. Eco-friendly packaging solutions are designed to minimize environmental impact and promote sustainability in the packaging industry. A notable example is Syntegon Technology, a Germany-based machinery company, which launched eco-friendly packaging solutions in August 2022. These solutions serve as valuable options for companies aiming to reduce their environmental footprint and meet the growing demand for sustainable packaging.
In a strategic move, Empire Equipment Company, a US-based business management firm, acquired Empire Bakery Equipment Inc in July 2023 for an undisclosed amount. This acquisition marks an expansion of Empire Equipment Company's product portfolio and strengthens its market position in the Northeast region. The synergies resulting from the acquisition enable both entities to provide enhanced services to their US partners. Furthermore, the strategic move solidifies Empire Equipment Company's standing as a leading supplier of bakery and commercial foodservice equipment. Empire Bakery Equipment Inc., the acquired entity, is a US-based company specializing in bakery processing equipment.
Major companies operating in the bakery processing equipment market include GEA Group Aktiengesellschaft, Buhler AG, JBT Corporation, The Middleby Corporation, Heat and Control Inc., Rheon Automatic Machinery Co. Ltd., Ali Group S.p.A., Baker Perkins Holdings Limited, Markel Corporation., Anko Food Machine Co. Ltd., Gemini Bakery Equipment Co. Inc., Allied Bakery Equipment LLC, Global Bakery Solutions LLC, Koenig Maschinen GmbH, John Bean Technologies Corporation, Erica Record LLC, Breville Group Limited, Paul Mueller Company, Welbilt Inc., ALFA LAVAL AB, MECATHERM SAS, Robert Bosch GmbH, CandyWorx LLC, Bongard Machines GmbH & Co. KG, Silvestri S.r.l., Bettcher Industries Inc., Aasted ApS, The Henry Group Inc., EUROASIA FOOD EQUIPMENT SDN BHD, Rademaker BV, Rondo Burgdorf AG, Kaak Group B.V., Werner & Pfleiderer Bakery Technologies GmbH, MIWE Michael Wenz GmbH, Sveba Dahlen AB, Revent Inc., Tromp Group B.V., Reading Bakery Systems LLC., Baker Thermal Solutions LLC., AMF Bakery Systems LLC
Asia-Pacific was the largest region in the bakery processing equipment market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the bakery processing equipment research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the Bakery Processing Equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The bakery processing equipment market consists of sales of freezers, retarders, and piston filling injectors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.