Bakery Processing Equipment Market Likely to Reach Beyond $19.0 Billion by 2027

07/gen/2021 07:02:18 Grand View Research Contatta l'autore

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The global bakery processing equipment market size is expected to reach USD 19.0 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2020 to 2027. The market is driven by changing manufacturing and processing trends in the food and beverage industry and growing consumer inclination towards packaged comfort foods.

The market is driven by changing consumer preferences for packaged ready-to-eat food products. Moreover, the large bakery and packaged food companies are investing significantly in increasing their output rate and product innovations by collaborating with bakery processing equipment manufacturers for the designing of machines as per their needs.

Various fast-food retail joints such as Domino's, McDonald's, TacoBell, and Subway are opening their restaurants in different parts of the world. They collaborate with local bakery players for the supply of bread and other raw materials. This has led to bakery companies working to develop their infrastructure by adopting large automated processing equipment.

Factors such as flavors, texture, nutrition, and sweetness are expected to boost the demand for bakery products. Increased demand for bakery products has resulted in the upgrade of traditional baking methods with modern bakery processing equipment, enabling bakeries and other baked food processing entities to offer products with different sizes, shapes, flavors, and ingredients.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/bakery-processing-equipment-market

Bakery Processing Equipment Market Report Highlights

·         By equipment, oven and proofers led the market and accounted for 34.3% share of the global revenue in 2019, as an oven is the most crucial part of the baking system owing to its ability to give shapes to products, and proofers help in the conditioning of dough to be used for baking

·         The bread application segment dominated the market and accounted for 35.1% share of the overall revenue in 2019 as bread is a staple food for a major chunk of the global population and manufacturers are coming up with healthier versions, such as multi-grain and vegetable bread

·         Asia Pacific is likely to witness the fastest growth from 2020 to 2027 owing to the adoption of technologies, such as Industry 4.0, and green manufacturing practices in China, India, the Philippines, Japan, and Indonesia, in the food packaging and processing industries

·         The outbreak of the COVID-19 pandemic has resulted in the growth of packaged and bakery food products across the globe. The manufacturers are working on the automation of their manufacturing operations to maintain a clean and sanitized production environment

·         Advanced research and development operations of the market participants have led to extremely innovative designs, which have optimized the adoption of bakery processing equipment around the world

Bakery Processing Equipment Market Segmentation

Grand View Research has segmented the global bakery processing equipment market on the basis of equipment, application, and region:

Bakery Processing Equipment Outlook (Revenue, USD Million, 2016 - 2027)

·         Mixer & Blenders

·         Dividers & Rounders

·         Molders & Sheeters

·         Oven & Proofers

·         Others

Bakery Processing Equipment Application Outlook (Revenue, USD Million, 2016 - 2027)

·         Bread

·         Cakes & Pastries

·         Cookies & Biscuits

·         Pizza Crusts

·         Others

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