Market factors insights for bakery processing equipment

In the bakery sector, dough and bakery products like croissants, pretzel crusts, donuts, pretzels, cakes, and cookies are processed using bakery equipment. For processing bakery products, various equipment is utilized, such as bread systems, bread slicers, mixers, ovens and proofers, dividers and rounders, sheeters and molders, pan greasers, and depositors. These tools provide multi-shift production with high performance, consistently high product quality, cutting-edge control systems, hygienic standards, quick cleaning, and minimal maintenance requirements.

In 2021, the market value of bakery processing equipment was USD 13.02 billion, and by 2030 it will be worth USD 21.82 billion, expanding at a 5.91% CAGR during the forecast period. 

The important strategies several players use in the bakery processing equipment market include expanding new machines and improving existing ones. In addition, increasing attention will be paid to facility expansion, marketing strategies. And information exchange programs to raise awareness and expand the uses for bakery processing equipment. Furthermore, high costs and equipment upkeep are impeding market expansion.

Market Dynamics

Drivers 

The bakery business is one of the biggest in the world, with a wide variety of production scales and methods. The global baked goods industry quickly recovered from the economic downturn and has shown strong growth in recent years. With a combined market share of 30.8%, the top three countries in the world for bakery products are the United States, China, and Brazil. Convenience, affordability, health advantages, and rising consumer desire for healthier baked goods fortified with fewer calories, fat, and sugar are factors contributing to the growth of the baked goods sector.

The market is primarily govern by several certifications, standards, and regulations imposed by organizations such as the Food and Drug Administration (FDA) and relevant national administrations.

Since increasing urban development and a growing population demanding bakery products have aided the market's expansion, new competitors are looking for new meaningful openings in the global market for bakery processing equipment.

Restraints 

One of the main challenges bakeries face in operating their businesses is the rising energy cost. Machinery utilized in the bakery processing sector, such as ovens, heaters, chillers, and homogenizers, consumes significant power and energy. 

Opportunity 

The market for bakery processing equipment will see profitable growth prospects due to the demand for new goods. Such as frozen bakery items, rising investments in technical advancement, and the development of production facilities.

Market Segmentation 

Application Insights

In terms of application, the bakery processing equipment market is segment into pizza crusts, cookies & biscuits, cakes & pastries, bread, and others. 

The bread segment ruled the entire market in 2022 with a significant revenue share of 40% due to its extensive use in retail sectors and several food & service industries. The market will also expand due to consumers' increasing preference for healthier bread varieties, including multigrain and gluten-free bread. Customers are particularly interest in bakery goods that are low in carbs and gluten-free as they become more health conscious. Moreover, bread is regard as a basic item in many nations worldwide. Moreover, flatbread is consume more frequently than other foods, mainly in Europe and North America.

Product Type Insights

On the basis of product type, the market is segment into mixers, ovens & proofers, sheeters & molders, and others. 

In 2022, the oven and proofers led the entire market with a revenue share of nearly 42%. The need for ovens is drive by the bakery industry's increase productivity. And extensive research in oven heating technology and baking procedures. Ovens come in a wide variety, and the choice of oven ultimately depends on the range of goods offered and the size of the bakery.

Regional Overview 

Asia Pacific emerged as the largest regional market. With a 35.8% revenue share in the global market for bakery processing equipment in 2022. Due to the region's growing population, rapid urbanization, and increased prosperity, food consumption is always rising. Students and urban employees in countries like India, China, and Japan favor bakery products as snacks due to their busy lifestyles. Chinese consumers have a high demand for imported bread products because of their superior quality and packaging. These elements will support the growth of the markets for bakery goods.

Key Players 

• Heat & Control, Inc.
• JBT Corporation
• Koenig Maschinen GmbH
• Ali Group S.r.l.
• Baker Perkins Limited
• Markel Food Group
• GEA Group Aktiengesellschaft
• Bühler AG
• Anko Food Machine Co., Ltd.
• The Middleby Corporation.

In 2021, the market value of bakery processing equipment was USD 13.02 billion. And by 2030 it will be worth USD 21.82 billion, expanding at a 5.91% CAGR during the forecast period. The market for bakery processing equipment will develop significantly due to the rising demand for baked goods worldwide. Due to changing lifestyles, a fast-expanding population, and rising disposable income.

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