According to the report “Bakery Processing Equipment Market By Type (Ovens & Proofers, Mixers, Sheeters & Molders, Dividers, Others), Application (Cookies & Biscuits, Bread, Pizza Crusts, Cakes & Pastries, Other Bakery Products), And By Region – Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Global Bakery Processing Equipment Market was worth USD 10.2 billion in 2016 and estimated to be growing at a CAGR of 7.5 %, to reach USD 14.64 billion by 2021.
The Bakery Processing Equipment market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the consumers giving more preference to the healthy on the go breakfast and innovative flavors.
The bakery is a business that manufactures and sells flour-based foods baked in an oven like Cookies, bread, Cakes, Pastries, and Pies. Bakery Processing Equipment is used in the manufacturing, processing, and handling of Bakery Products. Some of the essential bakery equipment includes Dividers, Mixers, Ovens, and sheeters.
Some of the factors like expanding middle-class population and rising disposable incomes in developing nations are driving the market. Increased preference for portably packed food portions and increasing demand for low-fat, gluten-free, nutritional foods and innovative flavors are also influencing the growth of the market. But, the market growth can be constrained by factors like scarcity of raw materials along with high costs of packaging and transportation, and the high sugar and carb levels in the baked products which lead to health problems.
Bakery Processing Equipment Market is segmented on the basis of type, and application. The market segmentation on the basis of type is done under Ovens & Proofers, Mixers, Sheeters & Molders, Dividers, others. Under Equipment types, Sheeters & Molders segment dominate the market in terms of value and is also projected to grow at higher CAGR than rest of the equipment types. Based on Application, the market is segmented into Cookies & Biscuits, Bread, Pizza Crusts, Cakes & Pastries, other bakery products. Bread segment dominates the global market in terms of value. Pizza Crusts segment is expected to grow at highest CAGR owing to the increased consumption of pizza worldwide. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific accounted for the largest market share in the Bakery Processing Equipment followed by Europe and North America. The market is driven by increasing consumption of bakery products in emerging countries like India and China. The North America region is expected to be the fastest-growing region owing to the increasing investments from several multinational manufacturers.
Some of the major companies dominating the market are:
- Buhler holding AG
- Ali Group S.p.A
- GEA Group AG
- Heat and Control, Inc.
- JBT Corporation.
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