Bakery Processing Equipment Market size is $8.3 billion by 2019, growing at a CAGR of 6.2% during the forecast period 2020-2025. The rising demand among health-conscious consumers and the subsequent demand for health products consisting of low fat, low cholesterol, low sugar, new flavors and the introduction of technological advancement are fueling its market growth. In addition, increasing inclination of people towards processed food has triggered the market growth. Furthermore, the players in the bakery processing equipment market are focusing on developing products with technologically advanced equipment in order to meet with the growing demand for bakery food consumption. Moreover, the demand of new range of equipment for bakery processing and the need for RFID labelling enabling users to track thousands of assets in a system that allows them the opportunity to derive higher yields and improve operations of bread and other bakery products will provide new avenues to the market growth. Moreover, in June 2020 Buhler opened new Food Application Center Buhler Go, a virtual networking and engagement event for food industry leaders. At this state-of-the-art Buhler aims to support and drive innovation among its customers, start-ups, academia and industry partners to create economically viable and sustainable food value chains in North America.
Bakery Processing Equipment Market Segment Analysis - By Product Type
By Product Type, Oven & Professors held the largest market share in 2019 owing to its wide range of application in the production of bakery products such as pizza, bread, cakes and pastries. Also, mixers segment is projected to witness growth at fastest CAGR 6.3% in forecast period 2020-2025. They are widely used in the development and manufacturing of bread dough and cake batter by bringing dry and liquid ingredients together to form a mass with optimum rheology and handling properties. Thus, increase in demand for advanced bakery processing equipment is likely to accelerate rapidly in the near future. Moreover, in October 2016, GEA debuted its Comas cupcake production line and Imaforni multi-zone tunnel oven for crackers, cakes, pie, cookies and biscuits manufacturing at Interpack.
Bakery Processing Equipment Market Segment Analysis - By Application
By Application, Breads segment held the largest market share in the year 2019 by the virtue of its enormous application in various food service industry as well as retail sectors. Advancements in technology including ready-to-bake or ready-to-thaw is set to propel the adoption of innovative bakery processing equipment in the future, in turn projected to drive the industry demand. Moreover, in July 2020 Apex Motion Control and Handtmann collaborated to create a new way of preparing pizza dough. By combining Handtmann VF 838 S Vacuum Filler with Apex’s Baker-Bot these two machines are able to separate pizza dough and load it onto trays automatically.
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Bakery Processing Equipment Market Segment Analysis - Geography
Asia Pacific appeared as the leading regional market and accounted for 35.9% of the global market share in 2019. The region is expected to witness the fastest CAGR over the forecast period. Gradually growing consumption of bakery products owing to the increasing population, upsurge in disposable income, and rapid urbanization is anticipated to fuel the regional growth. Technological advancement along with the growing innovation in this region have highly supported the growth of regional market. Europe bakery processing equipment market is another dominant market as a result of innovative bakery processing equipment and the use of freezing technique has significantly claimed its place in region actuated by natural self-like promotion without the usage of any preservatives. Europe based key players including Fritsch Partners and GEA Group holds extensive distribution network in the region and internationally enabling the European market to capture substantial share in the global market.
Bakery Processing Equipment Market Drivers
Growing Consumption of Bakery Products across the Globe
The growing consumption of bakery products across the globe is a significant factor driving the bakery processing equipment market during the forecast period 2020-2025. Rising demand of bakery products such as bread, cakes & pastries, cookies and pizza crusts among the younger generation is fueling its market growth. Furthermore, the rising health-conscious population and the demand of low-calorie in bakery products is compelling most companies to develop new equipment’s. This has further led to the adoption of new equipment’s for production of bakery goods resultant to the market growth.
Rapid-Growing Bakery Industry in America
Rapid growing industry in America is a major factor driving the Bakery Processing Equipment Market during the forecast period 2020-2025. Changing lifestyle and the preference towards biscuits, bread and other bakery products is contributing to its market growth. Moreover, the presence of major players such as Paul Mueller Company and ITW Food Equipment Group is further contributing to its market growth.
Bakery Processing Equipment Market Challenges
Limited Awareness About Automated Machines
Some of the factors that may impede the growth of Bakery Processing Equipment Market are limited awareness about automated machines and the high energy consumption for bakery products. Moreover, according to a U.S. study conducted by Therkelsen, food products undergoing similar processes as bakery products were examined and average SEC for each product were reported. Baking and freezing constituted the most energy demanding process while biscuit, roll required longer baking time than cakes and pies.
Bakery Processing Equipment Market Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Bakery Processing Equipment Market. Bakery Processing Equipment Market top 10 companies are Paul Mueller Company, Buhler, Allied Bakery Equipment, Gemini Bakery Equipment, GEA Group, Ali Group S.p.A, Rheon Automatic Machinery, John Bean Technologies Corporation, Baker Perkins Ltd and Markel Food Group.
Developments:
May 2016: GEA successfully concluded the acquisitions of Imaforni, a leading supplier of advanced lines of crackers, soft and hard biscuits. This complements its acquisition of Comas from Torrebelvicino, a company supplying top-level equipment and complete production lines for cakes, pies, cookies, layer cakes, pastry, pizza and selected bread applications. These two acquisitions complete GEA’s entry for a wide range of products, from mixing to packaging by using proprietary technology and full line integration.
Key Takeaways
The Oven & Proofers held the largest market share in 2019 owing to its wide range of application in the production of bakery products such as pizza, bread, cakes and pastries.
Breads segment held the largest market share in the year 2019 by the virtue of its enormous application in various food service industry as well as retail sectors.
North America held a significant market share in 2019 owing to the presence of large dominant bakery processing companies in the region including Paul Mueller Company, Buhler, ITW Food Equipment Group.
The growing consumption of bakery products across the globe is a significant factor driving the bakery processing equipment market during the forecast period 2020-2025.
Related Reports :
A. Bakery Product Market
https://www.industryarc.com/Research/Bakery-Product-Market-Research-508439
B. Europe Frozen Bakery and Pastry Market
https://www.industryarc.com/Report/18903/europe-frozen-bakery-and-pastry-market
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