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Bakery Processing Equipment Market size surpassed USD 9 billion in 2022 and is anticipated to register 7% CAGR from 2023 to 2032 driven by the increasing demand for packaged food products, such as frozen meals, snack foods, and ready-to-eat food products.
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The food manufacturers have been forced to introduce new products into the market due to changing consumer lifestyles & tastes. However, these new product launches add to production complexities by catering to changing tastes, flavors, and nutrients. This, in turn, is expected to drive the demand for advanced bakery processing equipment, which are capable of handling a wide range of ingredients and performing multiple functions along the production line.
Due to rising energy & labor costs and food ingredient raw material costs, bakery manufacturers are increasingly focusing on improving production efficiency. This is expected bolster the advanced automated bakery processing equipment market demand, that ensure improved efficiency and minimal food ingredient waste. Equipment automation also increases the throughput rate by reducing manual operations and increasing equipment flexibility, thereby allowing on-the-fly product changes. Automation requires little human intervention, which reduces labor costs. As a result, the demand for these machines is expected to rise by 2032
|Market Size in 2022:||9 billion (USD)|
|Forecast Period:||2023 to 2032|
|Forecast Period 2023 to 2032 CAGR:||7%|
|2032 Value Projection:||20 billion (USD)|
|Historical Data for:||2018 to 2022|
|No. of Pages:||230|
|Tables, Charts & Figures:||486|
|Segments covered:||Type, Application, and Region|
|Pitfalls & Challenges:|
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Rising energy costs are one of the major challenges that bakeries face in running their businesses continuously. Equipment used in the bakery processing industry, such as ovens, heaters, chillers, and homogenizers, consume a lot of power and energy. Automatic equipment is more desirable, but it requires an uninterrupted electric supply to function properly, resulting in higher energy bills.
Due to their widespread use in baking and the increasing demand for baked goods, ovens & proofers held the top spot holding over 35% of bakery processing equipment market share in 2022 and is expected to generate revenue of over USD 6 billion by 2032. In addition, the advent of ovens with low energy consumption is anticipated to drive industry demand.
The market for bakery processing equipment is expected to benefit from the surge in product launches in the pastry product category. Pastry products need various operations, such as cutting, coating, slicing & heating, to add flavor, texture, and shelf life. The bakery & confectionery sector growth in Europe and other developed nations is also predicted to fuel the need for these equipment.
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The APAC bakery processing equipment market share of 25% in 2022 and is estimated to amass revenue of over USD 8 billion by 2032. The regional industry is said to grow as most millennials prefer processed food products, the burgeoning middle class with increasing purchasing power, growing health awareness, and the rising interest of foreign investors in the region.
Growth prospects in China are projected to result from expanding industrialization, infrastructural improvement, and greater investments in the food & beverage sector. Thus, it is projected that throughout the projection period, rising GDP contributions from the industrial as well as food & beverage industries will propel the bakery processing equipment business expansion.
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New product development is a key focus area for bakery processing equipment market players looking to strengthen their position and gain competitive edge. Major participants are investing in R&D activities as well as continuously launching new products to improve customer productivity and achieve industry growth. Furthermore, as the number of bakery schools increases, bakers' awareness of upgraded bakery processing machinery operations will grow, followed by the demand for high-quality customized bakery processing equipment.
Markel Ventures Inc., GEA Group Aktiengesellschaft, The Middleby Corporation, John Bean Technologies Corporation, ALI Group S.R.L. A Socio Unico, Baker Perkins Ltd., RONDO Burgdorf AG, Rheon Automatic Machinery Co., Ltd., Heat and Control, Inc., and KAAK Group are some of the top participants in the global bakery processing equipment business scenario.
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