The tools and machines used to make baked goods are referred to as bakery processing equipment. This covers baking trays, mixers, proofing cabinets, and ovens. Depending on the sort of baked goods being produced, several types of equipment will be needed. For instance, a cake will require different tools than a loaf of bread.

In 2021, the bakery processing equipment market was USD 13.02 billion, and by 2030 it will reach USD 21.82 billion, growing at a 5.91% CAGR during the forecast period. 

Additionally, the market for bakery processing equipment is expanding quickly due to substantial technology breakthroughs like automation. The market development is driven by the automation of bakery processing equipment, which increases manufacturing efficiency and decreases production time.

Market Dynamics

Drivers

The rising popularity of baked goods fuels the market for bakery processing equipment, the requirement for effective production methods, and the move toward automation. The rising acceptance of Western-style diets and the expansion of the middle class in developing nations are stimulating the demand for baked products. The necessity to satisfy this expanding demand while cutting costs spurs the desire for efficient production. The need to increase production and efficiency is driving the move toward automation.

The expansion of the hospitality sector, increased accessibility, technical advancements, and better materials for bakery processing equipment are additional significant factors driving the market.

Restraints

Several factors, including a high initial investment, strict government regulations, and competition from unorganized companies, constrain the market for bakery processing equipment.

Opportunity 

Manufacturers operating in the target market can expect profitable revenue prospects due to customers' changing eating habits, growing tendency to westernize, and rising investment in R&D efforts for bakery processing equipment.

Market Segmentation 

Application Insights

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

The bread segment ruled the entire market in 2022 with a 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 interested in bakery goods that are low in carbs and gluten-free as they become more health conscious. Moreover, bread is regarded as a basic item in many nations worldwide. Moreover, flatbread is consumed more frequently than other foods, mainly in Europe and North America.

Product Type Insights

In terms of product type, the bakery processing equipment market is segmented into mixers, ovens & proofers, sheeters & molders, and others. 

In 2022, the oven and proofers ruled the market with a share of 42%. The need for ovens is driven by the bakery industry's increased 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 was the major 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 bakery processing equipment market was USD 13.02 billion, and by 2030 it will reach USD 21.82 billion, growing at a 5.91% CAGR during the forecast period. Major factors influencing the growth of the bakery processing equipment market include rapid urbanization, a growing workforce, a busy lifestyle, a high spending capacity, and rising consumption of fast foods like pizza, sandwiches, burgers, and others in developed and developing nations.

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