Bakery Processing Equipment Market Size

Bakery Processing Equipment Market Size

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

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.