The global bakery processing equipment market size is anticipated to reach USD 21,780.6 million by 2030 and is projected to expand at a CAGR of 6.7% during the forecast period, according to a new report by Grand View Research, Inc. The rapid expansion of the cafés, commercial and artisanal bakeries is expected to propel the demand for the market growth in the coming years.
The rapid expansion of the cafés, commercial and artisanal bakeries is primarily fueled by the fast-paced lifestyle of consumers who are increasingly looking for quick and easy meal options. This, in turn, boosts the consumption of bakery products like bread, pastries, cookies, and cakes. As these products require specific types of machinery for production, ranging from mixers to ovens and cutters, the surge in demand directly impacts the need for advanced and efficient bakery processing equipment.
The globalization in the food & beverage industry is a significant driving force behind the increasing demand for various bakery processing equipment. Tapping into this globalization trend, bakery manufacturers are looking to expand their reach to new geographic areas. These expansions require the adoption of advanced bakery processing equipment. Manufacturers also focus on the diverse tastes and preferences of consumers in different regions, ensuring that products can be tailored according to local tastes while maintaining high quality and consistency.
Ergonomically designed machines are significantly driving the market growth by enhancing efficiency, reducing worker fatigue, and minimizing the risk of injuries. These user-friendly machines improve productivity and ensure a smoother operation flow, making them highly desirable for bakeries aiming to optimize their production processes and ensure employee well-being.
Manufacturers are proactively engaged in the strategic developments such as acquisitions, mergers, joint ventures, new product launches, and geographical expansion, to enhance market penetration. These strategies help manufacturer to reach the customers on a broader range and drive the market share of its products. For instance, in April 2023, Munson introduced a cylindrical plow blender for spices, powders, herbs, and cake mixes. The new product is equipped with two large doors on the side with air purge packing shaft seals and a bottom discharge port. Such new product launches in the market are likely to positively impact the global market.
Based on equipment, the oven and proofers segment led the market with the largest revenue share of 33.1% in 2023, as this equipment is the primary tool used to bake a wide variety of goods, such as pastries, bread, cookies, and cakes. Ovens play a pivotal role in the bakery sector, serving as the crucial stage where heat transfer processes occur simultaneously
The molders and sheeters segment is anticipated to witness at the fastest CAGR of 7.4% over the forecast period, as this equipment plays a pivotal role in preparing final molding. It shapes the dough into specific forms and sizes, making it ideal for producing a wide range of bakery products
Based on application, the bread segment led the market with the largest revenue share of 34.1% in 2023, owing to the dietary habits of consumers in Europe & North America. In addition, the changing lifestyle, rising food demand, and population in the Asia Pacific have created bread demand
The pizza crust segment is expected to grow at the fastest CAGR of 7.2% over the forecast period. The pizza crust is used in fast food chains, which offer diverse and innovative crust options that cater to varying consumer preferences. Further, the globalization of food trends propels pizza crust demand in the Asia Pacific
Asia Pacific dominated the market with the revenue share of 39.2% in 2023. The rising population, growing spending on convenience food items, and demand for gluten-free bakery products are driving the demand for various bakery products. Thus, growing bakery product demand is propelling the market growth
In February 2024, Middleby Corporation announced the completion of the acquisition of GBT GmbH Bakery Technology, a company based in Germany that specializes in the design and production of industrial-scale baking and bread-making equipment. GBT GmbH is known for its team of baking professionals who bring years of expertise to develop high-capacity, efficient systems for producing bread, buns, sweet pastries, and other bakery items. This strategic move is expected to bolster Middleby Corporation's footprint in the European market for bakery processing machinery
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