The bakery processing equipment market is projected to grow at a CAGR of 7.3% from 2015 to 2020, to reach USD 13.62 Billion by 2020. The market growth is driven by an increased demand for bread, pastries, and other baked goods, growing demands for frozen bakery products, and advancement in manufacturing processes & technologies. The market is further driven by factors such as automation & robotics in bakery processing equipment.
Pune, India -- (SBWIRE) -- 03/30/2016 -- The report "Bakery Processing Equipment Market by Type (Mixers, Ovens & Proofers, Dividers, Sheeters & Molders), Application (Bread, Cookies & Biscuits, Cakes & Pastries, Pizza Crusts), and by Region (North America, Europe, Asia-Pacific, RoW) - Forecast to 2020", The bakery processing equipment market is estimated to be valued at USD 9.56 Billion in 2015. It is projected to grow at a CAGR of 7.3% from 2015 to 2020, to reach USD 13.62 Billion by 2020. The base year considered for the study is 2014 and the forecast years are from 2015 to 2020.
Browse 64 market data tables and 46 figures spread through 139 pages and in-depth TOC on "Bakery Processing Equipment Market - Forecast to 2020"
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The bakery processing equipment market is projected to grow at a CAGR of 7.3% from 2015 to 2020. The demand for equipment types such as mixers and ovens & proofers have been increasing owing to the demand for premium bakery products and a shift in consumer preference to healthier and innovative bakery items. The market demand for mixed varieties has also experienced higher than average growth, as they combine the useful characteristics of indulgence and nutritious bakery products. Hence, bakery processing equipment will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of bakery processing equipment.
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Sheeters & molders to dominate the bakery processing equipment market
The sheeters & molders bakery processing equipment have been projected to lead the market in terms of value and is projected to grow at a comparatively higher CAGR than most bakery processing equipment types. Small-scale players have adopted new product development strategy for sheeters & molders to expand their businesses, globally, by investing in the development of R&D sectors to create and launch various new advanced products of this segment in the market.
Bread is the most widely-used application of bakery processing equipment product globally
In 2014, the market of bakery processing equipment for bread application accounted for the largest share in the bakery processing equipment market in terms of value. The pizza crust application of bakery processing equipment is projected to grow at a comparatively higher CAGR due to the increasing consumption of pizza as a preferred snack by customers worldwide.
The growing demand for frozen baked products and advancement in manufacturing processes & technologies is expected to boost the bakery processing equipment market
Countries in the Asia-Pacific, Latin American, the Middle East, and African regions are thriving in terms of the growing contribution of the bakery processing equipment toward the GDP with high levels of product development and marketing. The rising population levels have also created the demand for customized and luxurious bakery products globally. Increasing per capita disposable income in these regions is another driver for the bakery processing equipment market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Buhler holding AG (Switzerland), Ali Group S.p.A (Italy), GEA Group AG (Germany), Heat and Control, Inc. (U.S.), and JBT Corporation (U.S.).
The report covers bakery processing equipment types which include mixers, ovens & proofers, dividers, and sheeters & molders and its application in bread, cookies & biscuits, cakes & pastries and pizza crusts in terms of value. In terms of insights, this research report has focused on various levels of analyses industry analysis, competitive landscaping of top players, and company profiles, which explains the basic views on the competitive structure, emerging & high-growth segments of the global bakery processing equipment market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
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