Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 14.7 Billion | USD 25.4 Billion | CAGR at 6.40% | 2023 |
According to the report published by Zion Market Research, the global Bakery Processing Equipment Market size was valued at USD 14.7 Bllion in 2023 and is predicted to reach USD 25.4 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.40% during the forecast period. The report analyzes the global Bakery Processing Equipment Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Bakery Processing Equipment Market industry.
One of the major food industries across the world is the bakery industry. The bakery processing equipment is used for processing dough as well as baked goods that are been made from the mixtures. Some of the bakery processing equipment includes depositors, bread slicers, dough brakes, dividers, fondant equipment, hot plates, molders, doughnut equipment, pastry equipment, oven loaders & unloaders, mixers, ovens, and many more. This equipment enhances the standardization and speed of the industry by maintaining the food hygiene and safety of the plant. Moreover, all this equipment also enables labor-saving, large baking capacity, and ease in operations.
The rise in disposable income, growing demand for bakery products such as bread, cake & pastries, and growing demand for convenience food are the key features that are fostering the growth of the global bakery processing equipment market. In addition to this, the government has strict rules regarding the safety of the food, plant sanitization, hygiene as well as ergonomics. To meet such regulations, the bakery industry is adopting bakery processing equipment with robotic and automated technologies to reduce contamination and manpower. The automation system also enables the operators to standardize the weight, shape, and quantity of the bakery product that has to be manufactured in a precise manner. Thus, the demand for bakery processing equipment is rising which in turn is boosting the growth of the global market.
Moreover, the rising demand for quick service restaurants, artisan bakery, and the growing trend of ordering online food are the factors that are contributing to the growth of the market. Furthermore, huge investments to upgrade the technology to enhance the productivity of the bakery industry may lead to ample opportunities for the growth of the global bakery processing equipment market during the forecast period. However, the high cost associated with the installation and maintenance of the advanced bakery processing equipment may hinder the growth of the global bakery processing equipment market in low and middle-income countries.
In the COVID-19 pandemic situation, the global bakery processing equipment market is experiencing a decline in the overall revenue generation. The pandemic has not only affected the sale of products that are already in the market but also production of new equipment. Major factors causing the down growth of the bakery processing equipment market is strict lockdowns imposed by several governments in the first and second quarter of the year 2020 to control the spread of the COVID-19 infection. This has led to the disruption of the supply chain and shortage of raw materials required in the manufacturing process.
The global bakery processing equipment market is bifurcated into equipment, application and region.
Based on the equipment, the market is categorized into ovens & proofers, dividers, sheeters & molders, mixers and others.
Based on the application, the global bakery processing equipment market is divided into bread, pizza crusts, cakes & pastries, cookies & biscuits and others.
Report Attributes | Report Details |
---|---|
Report Name | Bakery Processing Equipment Market Research Report |
Market Size in 2023 | USD 14.7 Billion |
Market Forecast in 2032 | USD 25.4 Billion |
Growth Rate | CAGR of 6.40% |
Number of Pages | 201 |
Key Companies Covered | John Bean Technologies Corporation, GEA Group AG, Gemini Bakery Equipment, Rheon Automatic Machinery, Global Bakery Solutions, Baker Perkins, Mondelez International, Allied Bakery Equipment, Franz Family Bakeries, Nestlé SA, and Anko Food Machine |
Segments Covered | By Equipment, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is anticipated to hold a major share in the global bakery processing equipment market. The demand for bakery products is always high in the North American region as it is one of the major parts of the food. Also large bakery industry in this region is triggering the demand for bakery processing equipment. Such factors are expected to fuel the growth of the bakery processing equipment market in this region. Europe is expected to be the second-largest revenue contributor in the global bakery processing equipment market. However, the rapidly growing demand for bakery food in the Asia Pacific region is expected to fuel the bakery processing equipment market with the highest CAGR over the forecast period.
The global bakery processing equipment market is highly competitive as the key players are involved in the development of technologically advanced equipment for the bakery industry. Some of the major players of the market include:
By Equipment
By Application
FrequentlyAsked Questions
The rise in disposable income, growing demand for bakery products such as bread, cake & pastries, and growing demand for convenience food are the key features that are fostering the growth of the global bakery processing equipment market. Furthermore, huge investments to upgrade the technology to enhance the productivity of the bakery industry may lead to ample opportunities for the growth of the global bakery processing equipment market during the forecast period.
Some of the major players of the market include John Bean Technologies Corporation, GEA Group AG, Gemini Bakery Equipment, Rheon Automatic Machinery, Global Bakery Solutions, Baker Perkins, Mondelez International, Allied Bakery Equipment, Franz Family Bakeries, Nestlé SA, and Anko Food Machine.
North America is anticipated to hold a major share in the global bakery processing equipment market. The demand for bakery products is always high in the North American region as it is one of the major parts of the food. Also large bakery industry in this region is triggering the demand for bakery processing equipment. Such factors are expected to fuel the growth of the bakery processing equipment market in this region.
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