Fortune business insights recently published a detailed market research study focused on the “The Bakery Processing Equipment Market Report by 2024” delivering key insights and providing a competitive advantage to clients through a detailed report. This report delves deeply into segmentation and definition, providing a clear understanding of market components and drivers.
"Bakery Processing Equipment Market Size, Share, Growth & Industry Analysis By Product Type (Mixers, Ovens and Proofers, Sheeters and Molders, Divider, and Others (Bread Slicers)), By Application (Bread, Cakes and Pastries, Cookies and Biscuits, Pizza Crust, and Others (Breadcrumbs)), By Mode of Operation (Semi-Automatic and Automatic), By End-user (Retail Bakeries, Hotels & Restaurants, Pilot Plants, and Low Capacity Processors), and Regional Forecast, 2022-2029"
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The global bakery processing equipment market size was valued at USD 13.31 billion in 2021 and is projected to reach USD 21.38 billion by 2029 from USD 13.96 billion in 2022, growing at a CAGR of 6.3% during the forecast period. Based on our analysis, the global market exhibited a decline of -7.0% in 2020 as compared to 2019. The global COVID-19 pandemic has been unprecedented and staggering, with bakery processing equipment experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.
The competitive landscape of the market for bakery processing equipment market is determined by assessing the major industry participants, production capacity, production capacity utilization rate, bakery processing equipment market’s production chain, pricing by each manufacturer and the revenue generated by each manufacturer in the bakery processing equipment market globally.
Top key players of bakery processing equipment market:
Bühler Group (Switzerland)
GEA Group Aktiengesellschaft (Germany)
The Middleby Corporation (U.S.)
JBT Corporation (U.S.)
Ali Group S.r.l. a Socio Unico (Italy)
ILLINOIS TOOL WORKS INC. (U.S.)
MARKEL CORPORATION (U.S.)
Heat and Control, Inc. (U.S.)
RHEON Automatic Machinery co., Ltd (Japan)
Schenck Process Holding GmbH (Germany)
Market atributes:
Report Componant
Aspects
Forecast Period
2021-2029
Projected market valuve 2021
USD 13.31 billion
Forecasted market valuve 2029
USD 21.38 billion
Compound Annual Growth Rate
6.3
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Drivers and restraints:
Driver: Rising Demand for Bakery Products
Increasing consumer preference for bakery products, including bread, pastries, and cakes, drives the need for advanced bakery processing equipment to meet production demands.
Driver: Technological Innovations
Advancements in automation and processing technologies improve efficiency, reduce labor costs, and enhance product quality, thereby boosting the market for bakery processing equipment.
Driver: Growth of Artisan and Specialty Bakeries
The growing trend towards artisanal and specialty baked goods fuels the demand for diverse and specialized bakery processing equipment to cater to these niche markets.
Restraint: High Initial Investment
The significant capital expenditure required for purchasing and installing advanced bakery processing equipment can be a barrier for small and medium-sized enterprises.
Restraint: Maintenance and Repair Costs
Ongoing maintenance and repair costs for complex bakery processing equipment can be a concern for operators, impacting overall operational budgets.
Regional analysis:
North America (Product Type, Application, Mode of Operation, End-user, Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (Product Type, Application, Mode of Operation, End-user, Country)
Germany (By Application)
France (By Application)
U.K. (By Application)
Italy (By Application)
Rest of Europe
Asia Pacific (Product Type, Application, Mode of Operation, End-user, Country)
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
Rest of Asia Pacific
Middle East & Africa (Product Type, Application, Mode of Operation, End-user, Country)
GCC (By Application)
South Africa (By Application)
Rest of Middle East & Africa
South America (Product Type, Application, Mode of Operation, End-user, Country)
Brazil (By Application)
Argentina (By Application)
Rest of Latin America
Table of Content :
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments – Merger, Acquisitions, and Partnerships
Porter’s Five Forces Analysis
SWOT Analysis
Technological Developments
Value Chain Analysis
TOC Continued…!
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Key industry developments:
The Koenig rex, a bakery processing equipment manufacturer, has declared the I-Rex Compact EC an oil-free Dough Divider and Rounder, a drum molding device with a constant quick-discharge molding belt is easy to remove for cleaning.
Swiss technology bakery processing equipment manufacturing group Bühler and investment group Jordanian Al-Hazaa opened a cutting-edge flour mill (Ayla Mill) in Aqaba, Jordan.
The Middleby Corporation acquired Colussi Ermes, a global manufacturer of automated washing solutions for the food processing industry. The company is located in Pordenone, Italy and consolidated a revenue of USD 50 million.
Middleby Corporation acquired Masterbuilt Holdings LLC, which offers a wide variety of outdoor residential cooking products.
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Key questions are answer in this report:
What is the market size of bakery processing equipment market 2024?
Who are top key players in this report?
what are drivers in the bakery processing equipment industry?
what is the future projection of bakery processing equipment industry?