Overview of Bakery Processing Equipment Market 2021-2028 | Main players: Ali Group; Baker Perkins; Bühler; GEA Group Aktiengesellschaft; The Middleby Company | Grand View Research, Inc.
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Growing demand for packaged food products, including frozen meals, snacks and ready-to-eat food products, due to their convenience and shelf life, is expected to drive demand, according to a new report from Grand View Research. of bakery processing equipment. over the forecast period.
The Global bakery processing equipment market the size should reach $20.24 billion through 2028according to a new report from Grand View Research, Inc. It is expected to grow at a CAGR of 5.8% from 2021 to 2028. Incorporation of healthier ingredients in baked goods and growing demand for gluten-free bakery items are expected to drive the market growth over the forecast period.
The demand for cakes and pastries is expected to grow due to the introduction of new flavors. Moreover, the growing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Breads and rolls are expected to experience significant growth due to a substantial increase in demand for these products in North America and Asia-Pacific.
Rising demand for fast food and packaged foods is expected to prompt manufacturers to expand their production capacities, thereby increasing the demand for processed foods during the forecast period. Additionally, the growing prevalence of advertisements with appealing visuals and the availability of a wide range of flavors in processed foods are expected to have a positive impact on the demand for processed foods and, consequently, processing equipment.
Rising labor costs coupled with rising energy and ingredient costs of baked goods are expected to compel end manufacturers to opt for efficient and advanced bakery processing equipment that can improve overall production efficiency. Additionally, fluctuating raw material prices, such as stainless steel and polymers, are expected to impact the overall cost of bakery processing equipment.
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Highlights of the Bakery Processing Equipment Market Report
• By equipment, mixers and mixers accounted for the second largest share in 2020 as they are used to improve the production line, increase efficiency and quickly mix raw materials to produce large quantities of pastries, breads and other baked goods
• Cakes and pastries app segment accounted for the second largest share in 2020 due to increasing disposable income, globalization and inclination towards Western-style diets in Asian countries
• Asia-Pacific is expected to grow at the fastest CAGR from 2021 to 2028 due to rising disposable income, rising purchasing power of the middle class population, rapid globalization and adoption automated technologies.
• Rising domestic consumption of various processed food products, such as potato chips, sausages and bread, in emerging economies in Asia-Pacific and the Middle East due to expanding retail outlets is expected to boost product demand.
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Segmentation of the bakery processing equipment market
Grand View Research has segmented the global bakery processing equipment market based on equipment, application, and region:
Bakery Processing Equipment Outlook (Revenue, USD Million, 2017 – 2028)
• Mixers and mixers
• Divisors and rounders
• Moulders and rolling mills
• Oven and ovens
Bakery Processing Equipment Application Outlook (Revenue, USD Million, 2017 – 2028)
• Cakes and pastries
• Cookies and biscuits
• Pizza crusts
Bakery Processing Equipment Regional Outlook (Revenue, USD Million, 2017 – 2028)
• North America
• United States
• Great Britain
• Asia Pacific
• South Korea
• Central and South America
• Middle East and Africa
• South Africa
List of Bakery Processing Equipment Market Key Players
• Ali Group Srl
• Perkins Baker Limited
• Bühler AG
• GEA Group Aktiengesellschaft
• The Middleby Company.
• JBT Corporation
• Anko Food Machine Co.,Ltd.
• Markel Food Group
• Koenig Maschinen GmbH
• Heat and Control, Inc.
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bakery products marketSize, Share and Trend Analysis Report by Distribution Channel (Specialty Stores, Convenience Stores), Product (Cakes & Pastries, Breads & Rolls, Cookies, Tortillas, Pretzels) and Segment Forecast, 2019 – 2025.
About Grand View Research
Grand View Research is a market research and consulting firm based in the United States and India. It is headquartered in San Francisco. We provide business information, syndicated research reports, and custom research reports to large as well as small and medium sized businesses. Our database contains thousands of in-depth statistics and analysis on over 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional and global business environment.
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