The retail food industry has witnessed significant growth in the past few years globally. The growth in the Asian market can be attributed to Foreign Direct Investment, domestic conglomerates, and government investments. Quick-service restaurants (QSRs) are growing rapidly and they are focused on improving customer experience.
The bakery processing equipment market is estimated to account for about USD 8.9 billion in 2020 and is projected to reach a value of nearly USD 11.4 billion by 2025, at a CAGR of 5.0%. The global market is highly impacted by innovations, as manufacturers are always introducing new processing techniques to produce complex bakery products of different shapes and sizes, thereby focusing on catering to the increasing demand from the processed food industry and consumers. Development of new machinery and enhancement of the existing ones are the key strategies adopted by many players in the market.
Key Market Players:
GEA Group AG (Germany), Bühler (Switzerland), John Bean Technologies Corporation (US), Heat and Control (US), Rheon Automatic Machinery (Japan), Baker Perkins (UK), Markel Food Group (UK), Anko Food Machine (Taiwan), Gemini Bakery Equipment (US), Allied Bakery Equipment (US), Global Bakery Solutions (UK), Erika Record LLC (US), Nestlé SA (Switzerland), Bimbo Bakeries (US), Mondelez International (US), General Mills (US), Kellog Company (US), Post Holdings (US), Aryzta (Switzerland), Flower Foods (US), Rich Products (US), Synder’s Lance (US), Pepsico (US), Conagra Foods (US), Franz Family Bakeries (US).
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Target Audience:
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period
The global market in the Asia Pacific region is projected to grow rapidly due to the enhanced economic growth in the last decade. The food industry has also contributed significantly to the economic growth in this region. The consumption of food products in the region is also rising steadily, driven by the growing population, increasing income, and rapid urbanization. Due to the hectic lifestyles of consumers in countries such as China, India, Japan, and Australia & New Zealand, students and workers of urban areas, in particular, prefer bakery products as snacks. In China, imported bakery products witness increased demand due to their better quality and packaging. These factors are projected to contribute to the growth of the markets for bakery products. Over the years, the bakery processing equipment market in this region has witnessed a significant growth due to the growing bakery and confectionery industries.
The bakery processing industry segment is estimated to dominate the global market
By end user, the bakery processing industry segment is estimated to dominate the global market in 2020. The key countries in this market include Germany, Italy, France, Switzerland, Spain, and Japan. In recent years, China is being observed as an emerging country in the bakery processing equipment market due to the growing demand for specialized and innovative bakery products. The industrial bakeries use automated bakery machinery, while artisanal bakeries use smaller bakery equipment. Thus, even with a small production volume of bakery foods, these mini-enterprises survive without any difficulties due to the growing demand for bakery processing equipment.
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The ovens & proofers segment is estimated to account for the largest share in the bakery processing equipment market
By type, the oven & proofers segment is estimated to account for the largest share in the market in 2020. Ovens & proofers are bakery equipment that are mainly used for the production of bakery products. An oven is an enclosed cavity, in which the dough or the baking batter is heated, baked, and transformed into bread, cookies, or other bakery products. Manufacturers are providing ovens in various shapes and sizes to meet the various requirements of customers around the world, as per the recent market and consumption trends. The baking equipment companies are focusing on utilizing innovative and new technologies for proofing the bread and bakery products in the European region.
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