Bakery Processing Equipment Market Forecasts to 2030 – Global Analysis By Product Type (Ovens & Proofers, Slicers & dividers, Depositors & Pan Greasers, Sheeters & Molders, Mixers and Other Product Types), Function, Mode of Operation, Application, End Use

Bakery Processing Equipment Market Forecasts to 2030 – Global Analysis By Product Type (Ovens & Proofers, Slicers & dividers, Depositors & Pan Greasers, Sheeters & Molders, Mixers and Other Product Types), Function, Mode of Operation, Application, End User and By GeographyAccording to Stratistics MRC, the Global Bakery Processing Equipment Market is accounted for $13.3 billion in 2023 and is expected to reach $21.5 billion by 2030 growing at a CAGR of 7.1% during the forecast period. The production of a range of bakery items in big quantities is fundamentally the solution to the problem that the artisan and manufacturers use bakery processing equipment to help them solve. Additionally, a significant portion of the market is taken up by popular bakery goods like bread, pizza crust, and confections. Bakery producers are modernising their existing production facilities to meet the demand. Additionally, this improvement is promoting the use of equipment in low-capacity processors, pilot plants, hotels, and restaurants.

According to Agriculture and Agri-Food Canada, the global bakery market retail value is increased from $321.8 billion in 2014 to $338.7 billion in 2015 with 5.3% growth rate. In the overall bakery market worldwide, the top markets are the U.S., China, and Brazil, in total accounting for 30.8% of the world’s market share.

Market Dynamics:

Driver:

Increasing advancements in technology

Investments in the field of research have been heavily concentrated on the new varieties of bakery products, which have fuelled the expansion trend in the bakery business. The bakery business has seen considerable growth in revenue as a result of several players concentrating on potential strategies to introduce equipment that may produce final products mostly connected to confectionary and healthy food. As a result, the rapid increase of sophisticated capabilities-enabled equipment drives market expansion.

Restraint:

Local manufacturer’s competition

The profits of high-end equipment manufacturers from developed regions of the world are being impacted by competition from Asian manufacturers that provide cheaper products. In order for bakery product manufacturers to be able to purchase their products and reduce the cost associated with installing new equipment without compromising on quality, they must either increase production and sales while maintaining or improving functionality while also lowering their profit margins. This is the element preventing market expansion.

Opportunity:

Increased demand for convenience foods

Convenience is becoming more and more important as a result of customers' busy lifestyles, which is what drives the processed food business. The ease with which bakery products can be used, consumed, and stored for a longer period of time makes them advantageous to consumers. The ease of preserving the quality of bread, pizza, cakes, pastries, and pies is facilitated by the convenience in the production of these food items. As a result, there is now a higher demand for bakery goods.

Threat:

Concerns about cost-cutting

Maintenance is always the last step in any operation, hence there is a high demand for skilled technicians. The worker pool has decreased due to the rise in complicated components and technological improvements. The greater expenses associated with these skills, however, will prevent companies from modernising and enlarging their current facilities. Furthermore, the market's expansion has been hampered by greater maintenance costs brought on by complicated parts and construction quality.

Covid-19 Impact:

The COVID-19 issue had an effect on all global industries, but it particularly affected the cash flow in the baking industry. Due to inactive lifestyles, the trade temporarily ceased, which had an impact on conditions globally as well as consumer wants. While factors like labour shortages and high wages kept the demand for automated bakery equipment among the companies that manufacture baked goods throughout the pandemic, the desire for more bakery types led to an increase in market income. Thus, it can be seen that COVID-19 only had a minor effect on the market, whereas variables like automation and customer demand considerably contributed to its expansion.

The ovens & proofers segment is expected to be the largest during the forecast period

The ovens & proofers segment is expected to be the largest during the forecast period, due to the rising demand for baked goods. With the support of warm temperatures and regulated humidity, these heating chambers promote yeast fermentation in dough. Modern technology and research are used in the production and design of a wide variety of bakery ovens to ensure low fuel consumption, reasonable costs, and the best volume, shine, texture, and crust on the market.

The breads segment is expected to have the highest CAGR during the forecast period

The breads segment is expected to have the highest CAGR during the forecast period. The growing preference for healthy and diet-specific breads, such as gluten-free and multigrain bread, among others, is contributing to bread's rising popularity. Due to their low carbohydrate content and health advantages, non-traditional food products are becoming more and more popular as a result of rising health consciousness and dietary restrictions. Over the projection period, all of these variables are anticipated to increase bread consumption.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. To attract customers to buy bakery products, several businesses offer limited-edition, nostalgic, and seasonal offerings. As a result, it is anticipated that over the projected period, demand for bakery processing equipment with the most flexibility, such as the ability to adjust the ingredients batch by batch, would increase dramatically. The presence of well-established infrastructure facilities and the use of cutting-edge manufacturing techniques are expected to fuel market expansion.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the rapid urbanization, rising disposable income, growing population, and the rising consumption of bakery products. Innovative baked meals are becoming more popular among consumers, and since baked goods don't contain any oil, they are more popular among consumers who are health-conscious. Due to its taste and wider availability, a variety of baked goods are becoming more and more well-liked in nations like China and India.

Key players in the market

Some of the key players in Bakery Processing Equipment market include Anko Food Machine Co., Ltd., Markel Food Group, The Middleby Corporation., RHEON Automatic Machinery co., Ltd, Yash Food Equipment, Bühler AG, Markel Food Group, JBT Corporation, GEA Group Aktiengesellschaft, Heat & Control, Inc., Baker Perkins Limited, Koenig Maschinen GmbH, Global Bakery Solutions, Falcon Food Equipment, Ali Group S.r.l., Gemini Bakery Equipment, Schenck Process Holding GmbH, Zibo Taibo Industrial Co., Ltd, Allied Bakery Equipment and Koenig Maschinen - The Bakers Crown.

Key Developments:

In February 2023, The Middleby Corporation announced a strategic partnership and investment in Sustainable Beverage Technologies (SBT) based in Golden, Colorado. The company develops technologically advanced brewing and dispense applications.

In July 2022, Markel Food Group announced the expanded leadership role of Cindy Yao, currently the company’s chief financial officer. In addition to her role as CFO, Ms. Yao assumes the additional responsibility as executive vice president of the Markel Food Group.

In July 2022, JBT Corporation, a global technology solutions provider to high-value segments of the food and beverage industry, announced it has acquired Alco-food-machines GmbH & Co. KG (Alco), a leading provider of further food processing solutions and production lines

Product Types Covered:
• Ovens & Proofers
• Slicers & dividers
• Depositors & Pan Greasers
• Sheeters & Molders
• Mixers
• Other Product Types

Functions Covered:
• Enrobing
• Baking
• Molding
• Cooling
• Extrusion
• Mixing
• Other Functions

Mode of Operations Covered:
• Semi-automatic
• Automatic

Applications Covered:
• Pizza crusts
• Cakes & pastries
• Cookies & biscuits
• Bread
• Other Applications

End Users Covered:
• Low Capacity Processors
• Bakeries
• Pilot Plants
• Hotels & Restaurants
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy-
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements