Bakery Processing Equipment Market is expected to reach the USD 13.89 billi
Data Bridge Market Research analyses that Bakery Processing Equipment Market to be growing at a CAGR of 5.73% in the forecast period of 2021-2028 and is expected to reach the USD 13.89 billion by 2028.
Bakery processing equipment is used to make bakery products such as cookies, bread, pastries, donuts, pizza, cakes, cookies, etc. Different types of equipment are used in the production process of different bakeries for different processes such as mixing, baking, molding, cooling, extrusion, coating and others. The equipment utilized for these processes are bread slicers, bread systems, ovens and proofers, mixers, divider and rounders, pan greasers, sheeters and molders, and depositors.
The rise in the number of artisan bakeries and quick-service restaurants (QSRs) and growth of robotics and automation in bakery processes are the major factors attributable to the growth of bakery processing equipment market. Also, the growing demand for convenience food due to the lifestyle changes and food habits will influence the growth of the bakery processing equipment market. Furthermore, technological advancement and improvements associated with the manufacturing process will drive the market growth rate.
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Shifting preference towards multi-grain breads:
The consumption patterns of breads are changing owing to the changing consumer preferences as they are shifting away from the white breads towards more multigrain, wholegrain, specialty, ethnic and seeded breads. This changing pattern is driven by the consumer’s desire for nutritious and healthier products, freshness and also more complex flavor profiles.
Health and wellness are the new key factors for the bakery sector with companies manufacturing fortified and healthier products. The usages of lesser known grains such as millet and ragi have gained popularity among the baked products segment. Many companies are manufacturing multigrain breads owing to their increasing preference among the consumers. For instance, Britannia offers Nutrichoice range, multigrain range by GAIA and Unibic, Farmlite by Sunfeast, McVitie’s Digestive, Jorwekar Baking Company offers multigrain bread and wholemeal & oats breads and many others.
physical, chemical, biological hazards and ergonomic, organizational and psychosocial factors that might occur in the bakery production process.
High fixed cost and maintenance of equipment:
The bakery processing equipment is expensive and is continuing to increase owing to the technological advancements in the equipment. The costs of the equipment would differ based on the processes and different features incorporated in it.
Nowadays various technologically advanced equipment are being developed by the companies such as the robotic systems due to which the prices of the machines will be higher owing to its developed features. As the prices of machines are high, many companies do not have enough investment for purchasing such costly machines to manufacture the bakery products.
Other expenses such as maintenance cost, installation charges and after sales services also incur which increases the cost of the overall bakery processing equipment. Thus, the increasing cost of bakery processing equipment will hamper the market growth.
Opportunity:
Technological advancements and increasing research development in the food industry:
Innovations help in enhancing the production processes and extending the scope of new product advancements in the bakery processing equipment sector. The companies are continuously investing in the research and developmental activities for more innovations in the product line and technological developments in the equipment.
Robots are useful in the pick-and-place applications like placing delicate iced-buns to the pockets of the plastic trays earlier to the wrapping of products in the final packaging. Automation, robots, real-time adaptive intelligence and data transparency can considerably contribute to the baker’s long-term sustainability.
Market Trends:
Global bakery processing equipment market is segmented into five notable segments which are type, application, end user, mode of operation and function.
On the basis of type, the market is segmented into mixers, denester, depanners, ovens, proofers & retarders, slicers & dividers, sheeters, molders, pan greasers & depositors, freezers & coolers, handling systems, dough feeding systems, piston filling injectors and others. Mixers segment is sub-segmented into continuous mixer, double planetary mixers, specialty mixers and spiral mixers. Ovens segment is sub-segmented into electric ovens, gas ovens and special ovens. In 2019, mixers segment is projected to lead with 12.51% shares and ovens segment is growing with the highest CAGR of 8.2% in the forecast period of 2019 to 2026.
On the basis of end user, the market is segmented into bakery processing industry, artesian bakery and food service industry. Food service industry is sub-segmented into hotels, restaurants and others. In 2019, bakery processing industry segment is projected to lead with 56.69% shares and is growing with the highest CAGR of 5.9% in the forecast period of 2019 to 2026.
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