Bakery Processing Equipment Market to exceed $11 Bn by 2026
Published Date: January 5, 2021 Authors: Preeti Wadhwani, Prasenjit Saha
Bakery Processing Equipment Market size is set to be over USD 11 billion by 2026, according to a new research report by Global Market Insights, Inc.
Global shipments of bakery processing equipment are expected to grow at a CAGR of around 5% during 2020 to 2026. Rapid growth in the number of bakeries and rising consumption of pizza, cakes & pastry biscuits, and bread are enhancing the market growth opportunities. The rising awareness of low-carb, high-fiber, and gluten-free products among consumers is also propelling industry demand.
With the rise in urbanization and industrialization, companies are investing in the development of advanced machines to reduce human efforts and streamline the overall bakery process which is affecting the bakery processing equipment market positively. Food processing companies are deploying automation systems and equipment to manufacture bakery products and improve the quality of the final products.
The increasing consumption of pizza has increased over the years, leading to an increase in pizza outlets of various companies globally. For instance, in 2019, there were more than 17,200 outlets across 90 countries. The growing number of outlets leads to an increase in demand for bakery processing equipment such as ovens, molders, and sheeters, which shows a positive impact on the market demand.
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High maintenance cost of bakery processing equipment is a major factor hindering market growth. Bakery processing equipment requires cleaning on a regular basis to reduce downtime during production. Lubrication requirements in moving parts and replacement of old or damaged components also increase the overall cost of the machines, which intend to challenge the bakery processing equipment market.
COVID-19 has slowed down the sales and production of bakery processing equipment. Governments across the world have implemented certain regulations associated with international trade, impacting the supply chain negatively. To overcome the situation, companies have lowered product prices and aim to enhance sales in the domestic market. Due to the outbreak of coronavirus, individuals are spending highly on essential goods and reducing the consumption of outside food, indirectly affecting market statistics.
High demand for sheeters & molders in the bakery processing equipment market
Sheeters & molders in Europe are expected to hold around 16% market share by 2026. Local and large food production companies are demanding new and advanced equipment for the production of new bakery products with different shapes and sizes. Sheeters are also used for flattening the dough into crusts. Sheeters & molders are widely used in the production of pizza crust, pastry, and cakes leading to increasing the equipments demand.
Browse key industry insights spread across 350 pages with 504 market data tables & 28 figures & charts from the report, “Bakery Processing Equipment Market Size By Type (Mixer [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], Oven & Proofers), By Application (Bread, Pastry, Pizza, Croissants, Flatbread, Pie/Quiche, Biscuits, Tortilla), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Growing consumption of biscuits to provide growth avenues
The biscuit segment is expected to grow at 8% CAGR in the U.S. till 2026 driven by high demand for nutrient-based biscuits with high fiber and low carbohydrates & fats. Biscuits offer several health benefits while reducing the risk of stroke, heart attack, and other health issues, increasing the demand for biscuit bakery equipment.
The growing bakery industry in North America
The North America bakery processing equipment market is anticipated to register growth rate of over 6% from 2020 to 2026. The rising consumption of bakery products in the region is a major factor driving the market. According to the U.S. census department, more than 90% of individuals in Canada and the U.S. consume bakery and processed foods on a daily basis. Consumption of bakery products is anticipated to rise in the coming years, which is expected to positively impact the demand for bakery processing equipment. Rising demand for automation and robots for the production of bakery items due to lack of labor is also influencing the market demand.
Key manufacturers operating in the market are adopting several strategies such as new product launches, acquisitions, & partnerships to enhance their product portfolio and strengthen their position in untapped markets. For instance, in August 2018, Baker Perkins launched a mixer, Tweedy SuperCool. The mixer was developed for high-output and large bakery for the development of bread, pizza base, & others.
Some of the major bakery processing equipment market players include KAAK Group, GEA Group Aktiengesellschaft, BVT Bakery Services B.V., Global Bakery Solutions, Heat and Control, Inc., Koenig Maschinen GmbH, Fritsch Group, RONDO Burgdorf AG, John Bean Technologies Corporation, The Middleby Corporation, Baker Perkins Ltd., Ali Group S.r.l. a Socio Unico, Markel Ventures, Inc., Sinmag Equipment Corporation, Yang Jenq Machinery Co., Ltd., Rheon Automatic Machinery Co., Ltd., WP Bakery Group, Rinc, Gemini Bakery Equipment Company, Erika Record LLC, and Bühler Holdings AG.
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