Bakery Processing Equipment Market To Generate Revenue Of $19.0 Billion By 2027 Expanding At A CAGR of 5.4% | Grand View Research, Inc.

January 14 14:15 2021
Bakery Processing Equipment Market To Generate Revenue Of $19.0 Billion By 2027 Expanding At A CAGR of 5.4% | Grand View Research, Inc.

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According to a report published by Grand View Research, The market is driven by changing manufacturing and processing trends in the food and beverage industry, along with increasing consumer inclination towards packaged comfort foods, as well as ready-to-eat products.

The global bakery processing equipment market size is expected to reach USD 19.0 billion by 2027, expanding at a CAGR of 5.4% during this period. Bakery processing involves the overall timeline of the formation of bakery products, such as bread, cakes and pastries, pizza crusts, and cookies and biscuits, among other items. Some of the notable processes include mixing, blending, fermentation, and dividing, among others. The COVID-19 pandemic has led to drastic shifts in the eating habits of consumers, which is expected to shape the industry in the coming months.

The continued growth in the number of retail and commercial bakeries around the globe, to cater to the changing consumer lifestyle, which has become on-the-go, is projected to drive the demand for bakery processing equipment. As per data by Safe Graph, as of March 2020, there were 23,158 retail bakeries in the US. Fast food joints such as Domino’s, Taco Bell, and Subway are collaborating 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 installing large automated processing equipment. The outbreak of the coronavirus pandemic has added the challenge of maintaining and optimizing processes in a cost-effective manner while keeping in touch with the changing consumer trends.

The market for bakery processing equipment is broadly segmented into products and applications. In terms of equipment, the market is classified into mixers and blenders, oven and proofers, dividers and rounders, and molders and sheeters, among others. With regards to application, the market has been classified into bread, pizza crusts, cakes and pastries, and cookies and biscuits, among others. Some of the major industry players include Ali Group S.r.l., Baker Perkins, JBT Corporation, Markel Food Group, Koenig Maschinen GmbH, The Middleby Corporation, Bühler AG, Anko Food Machine Co., Ltd., GEA Group Aktiengesellschaft, and Heat & Control, Inc.

U.S. bakery processing equipment market size, by equipment, 2016 - 2027 (USD Billion)

Bakery Processing Equipment Market Report Highlights

·       In terms of equipment, the oven and proofers segment led the market, accounting for 34.3% share of the global revenue in 2019, as these are the most crucial elements for the final product.

·       On the other hand, the molders and sheeters segment is projected to show the fastest growth through 2027, as they help in the formation of products of different sizes, shapes, and styles

·       The bread application segment dominated the market and accounted for 35.1% share of the overall revenue in 2019, with bread being a very popular breakfast choice around the globe, coupled with continued innovations by manufacturers to bring out healthy products into the market

·       The cookies and biscuits segment is expected to show appreciable growth, as they cater to every age group and manufacturers are bringing out healthier alternatives such as sugar-free multigrain biscuits

·       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

·       As per the Federation of Bakers, the United Kingdom handles the sales of 4 billion units of bakery products every year, which points towards continuously increasing demand among regional consumers

·       The start of the lockdown measures brought about by the coronavirus pandemic around the globe led to consumers stockpiling daily necessity products, which led to high-volume sales of bread and other bakery products

·       Furthermore, the pandemic has resulted in the growth of packaged and bakery food products across the globe, with manufacturers working on 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

·   For example, Baker Perkins received an order for two bread mixing and forming lines, each with the capability to produce 8,000 loaves per hour from an African customer, in September 2020

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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

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

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Australia

    • Japan

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

List of Key Players of Bakery Processing Equipment Market

  • Ali Group S.r.l.

  • Baker Perkins Limited

  • Bühler AG

  • GEA Group Aktiengesellschaft

  • The Middleby Corporation.

  • JBT Corporation

  • Anko Food Machine Co., Ltd.

  • Markel Food Group

  • Koenig Maschinen GmbH

  • Heat & Control, Inc.

Have Any Query? Ask Our Experts for More Details on Reporthttps://www.grandviewresearch.com/inquiry/3692/ibb

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Food Packaging Equipment Market – https://www.grandviewresearch.com/industry-analysis/food-packaging-equipment-market

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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