Bakery Processing Equipment Market size is anticipated to reach USD 10 billion by 2027, according to a new research report by Global Market Insights Inc.
Increasing worldwide consumption of bread and other bakery products is creating a huge demand for industrial bakery processing equipment that can handle large amounts of dough. Developments in the commercial foodservice sector will positively influence the market growth.
Rising urbanization and changing lifestyles with an increase in the working population in North America have accelerated the preference for ready-to-eat food. Manufacturers offer ready-made baked foods with natural ingredients and whole grains, thereby contributing to the increasing demand for bakery processing equipment. According to the American Bakers Association Survey Report 2020, 58% of Gen Z & millennials prefer meal packages that contain baked goods and 38% choose baked goods from companies that employ responsibly sourced ingredients.
Get more details on this report - Request Free Sample PDF
One of the major factors restricting the bakery processing equipment market is the limited awareness about the advantages of automated food processing. The bakery industry in several countries, such as China and India, consists of a smaller retail bakery sector with smaller production capabilities compared to commercial bakeries. Due to smaller production capabilities, bakery owners are unwilling to adopt high-cost automation and robotics machinery, posing challenges to the adoption of automated machines. The growing awareness of automation technologies in developed countries, such as the U.S. and the UK are expected to fuel the market revenue of automated bakery processing equipment.
Analyst view: “Increasing consumption of bread and other bakery products globally will drive the bakery processing equipment market demand. High growth in the quick-service restaurant industry will further contribute to the industry statistics.”
The COVID-19 pandemic has resulted in a severe economic downturn, owing to which the food manufacturers’ declined spending on automated machinery such as automated mixers, molders, and slicers. Bakery owners preferred traditional bakery processing equipment to reduce their capital expenditures and food processing costs during the pandemic. The pandemic also led to financial disruptions, global trade tensions, and sharp downturns in major economies. These factors resulted in low production and capital investments, affecting the bakery processing equipment industry revenue for the short term.
Browse key industry insights spread across 440 pages with 518 market data tables and 48 figures & charts from the report, “Bakery Processing Equipment Market Size By Type (Mixers [Below 250 kg, 250 – 500 kg, 500 – 1,000 kg, 1,000 – 1,500 kg, Above 1,500 kg], Slicers [Below 100 kg, 100 – 150 kg, 150 – 250 kg, 250 – 350 kg, Above 350 kg], Sheeters & Molders [500 – 1,000 kg, 1,000 – 1,500 kg, Above 1,500 kg], Ovens & Proofers), By Application (Bread, Pastry, Pizza, Croissant, Flatbread, Pie/Quiche, Biscuit, Tortilla), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’ in detail along with the table of contents:
Adoption of high capacity mixing equipment in the commercial food processing sector
The mixers market is projected to grow at 8% CAGR through 2027 driven by the rising adoption of automation technology in bakery processing. The integration of automation technology will help bakers to achieve high flexibility in different operations, reduce labor costs, and create lucrative opportunities. Several market players are engaged in accelerating their technological upgrades in mixers to enable the production of complex baking products in bulk quantity.
Long shelf life and high health benefits of biscuits will increase the demand
The biscuit application segment accounted for more than 10% of the bakery processing equipment market share in 2020. Several benefits offered by biscuits, such as high fiber, low fat, and lower carbohydrates, are poised to increase their adoption across the health-conscious consumer base.
High government focus to strengthen the hospitality and food service sectors in Europe
The Europe bakery processing equipment market is anticipated to register 6.5% gains till 2027as it is prominent regions for the hospitality and food service sectors. Increasing government investments in the hospitality & tourism industry in the UK, France, and Spain will lead to the emergence of several bakeries and cafes.
Industry participants are also investing in strategic mergers, partnerships, and acquisitions to increase their market shares. For example, in July 2021, ALI Group S.R.L. signed a definitive merger agreement with Welbilt, a foodservice equipment provider. The company will combine complementary brands to create a complete product portfolio. Through this acquisition, the company will focus on strengthening its product portfolio and enhancing its share.
Prominent companies in the bakery processing equipment market include The Middleby Corporation, John Bean Technologies Corporation, Markel Ventures, Inc., Bühler Holdings AG, Rheon Automatic Machinery Co., Ltd., ALI Group S.R.L., Baker Perkins Ltd., Heat and Control, Inc., BVT Bakery Services B.V., GEA Group Aktiengesellschaft, and Koenig Maschinen GmbH.