Bakery Processing Equipment Market Size Worth $20.24 Billion By 2028
Bakery Processing Equipment Industry Overview
The global bakery processing equipment market size is expected to reach USD 20.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2021 to 2028. The incorporation of better-for-you ingredients in bakery products and the growing demand for gluten-free bakery items are expected to stimulate market growth over the forecast period.
The demand for cakes and pastries is expected to witness growth on account of the introduction of novel flavors. Furthermore, the increasing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Bread and rolls are expected to witness significant growth on account of a substantial rise in the demand for these products in North America and Asia Pacific.
The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for processed food over the forecast period. Furthermore, the increasing prevalence of advertisements with attractive visuals and the availability of a wide range of flavors in processed food are anticipated to have a positive impact on the demand for processed food, and consequently, processing equipment.
Rising labor costs, coupled with the increasing energy costs and the cost of bakery product ingredients, are expected to compel end-use manufacturers to opt for efficient and advanced bakery processing equipment that can improve the overall production efficiency. In addition, fluctuation in the prices of raw materials, such as stainless steel and polymers, is expected to impact the overall cost of the bakery processing equipment.
Bakery Processing Equipment Market Segmentation
Grand View Research has segmented the global bakery processing equipment market on the basis of equipment, application, and region:
Based on the Equipment Insights, the market is segmented into Mixer & Blenders, Dividers & Rounders, Molders & Sheeters, Oven & Proofers, and Others.
- Ovens and proofers led the market and accounted for 34.2% share in 2020 on account of the extensive use of the product for baking and the rising demand for baked goods. In addition, the market is expected to be driven by the introduction of low energy consumption ovens.
- Planetary and spiral type batch mixers are popularly used in the baking industry on account of their high versatility as they are capable of whipping, blending, mixing, and stirring a wide range of dough mixtures. In addition, spiral mixers require less resistance on spirals, which helps in controlling the temperature of the dough, ensuring easier kneading and proper rising.
Based on the Application Insights, the market is segmented into Bread, Cakes & Pastries, Cookies & Biscuits, Pizza Crusts, and Others.
- The bread application segment led the market in 2020 with a share of 35.0%. This is because of the high demand for bread across North America and Europe due to the dietary habits of the consumers in the regions. In addition, the high demand for bread in the erstwhile traditional economies, such as India and China, is expected to drive the market over the forecast period.
- Measures adopted by food processing companies, such as revisiting sourcing strategies, rationalizing product ranges, and assessing the agility and resilience of supply chains and sales channels, are expected to positively impact the market growth. Furthermore, streamlining and optimization of the distribution network and e-commerce, along with promotion and pricing strategies, are anticipated to drive the demand for bakery processing equipment.
Bakery Processing Equipment Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Order a free sample PDF of the Bakery Processing Equipment Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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