The global bakery processing equipment market size was valued at USD 11.6 billion in 2021 and is projected to reach USD 14.8 billion by 2026, growing at a CAGR of 5.1% during the forecast period. The growth of the bakery processing equipment market is attributed to the increasing trade of food processing equipment among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Bakery processing equipment helps in transforming raw ingredients into baked items through various physical and chemical techniques. The global market is witnessing significant growth due to the increasing consumption of bakery products in developing countries such as India, China, South Africa, and Brazil, compelling manufacturers to increase production.
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period
The bakery processing equipment market in the Asia Pacific region is projected to grow rapidly due to the enhanced economic growth in the last decade. The food industry has also played an important role in the region’s economic development. Food consumption in the regions is also gradually increasing, owing to expanding population, rising income, and rapid urbanization. Students and professionals in metropolitan regions choose bakery products as snacks due to the hectic lifestyles of customers in countries such as China, India, Japan, Australia and New Zealand. Because of their superior quality and packaging, international bakery items have seen an increase in demand in China. These variables all contribute to the expansion of bread product markets.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=80040921
Key Players in Bakery Processing Equipment Market
Key players in this market include GEA Group (Germany), Bühler (Switzerland), JBT Corporation (US), The Middleby Corporation (US), Heat and Control, Inc. (US), Rheon Automatic Machinery Co., Ltd (Japan), Ali Group (Italy), Baker Perkins (UK), Makel Food Group (US), Anko Food Machine Co., Ltd. (Taiwan), Gemini Bakery Equipment Company (US), Allied Bakery Equipment (US), Global Bakery Solutions (UK), Erica Record LLC (US), and Koenig Maschinen – The Bakers Crown (Austria).
By function, the baking segment is estimated to account for the largest share in the bakery processing equipment market
On the basis of function, the baking segment is estimated to dominate the market in 2021. In recent years, China is being observed as an emerging country in the bakery processing equipment market due to the growing demand for specialized and innovative bakery products. Industrial bakeries use automated bakery machinery, while artisanal bakeries use smaller bakery equipment.