Bakery Processing Equipment Market Forecasts Study 2026 | Business Opportunities and Regional outlook
Global bakery processing equipment market is anticipated to depict a CAGR of 6.5% through 2026, having recorded a valuation of USD 7.5 billion in 2019. By 2026, the market is expected to hit a remuneration of USD 11 billion.
The higher intake of these products along with fast food has pushed the development of various local as well as international restaurants and bakeries. For instance, there were over 1,300 Domino’s stores across 282 cities in India in 2019, and the number likely to grow over the next few years. Furthermore, the increasing influence of western culture on the Asia Pacific will boost the prospects for bakery processing machinery across the region.
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The rising requirement to reduce human interference with the help of automation systems will anchor the bakery processing equipment market forecast through the coming years. There is a consistent need to enhance the production consistency of the machines across bakery production companies. This has added impetus to the demand for automation and robotic processing equipment to improve the overall quality and cost-efficiency of the final products.
The adoption of bakery food processing equipment will be further complemented with considerable development in the number of bakery and fast-food restaurants. Expansion of consumer household incomes has resulted in an increased willingness to spend on food items. It has also led to a higher need and consumption of bakery items such as pizza, cakes, pastries, and bread. The global bakery processing equipment market size will reach an annual value of more than USD 11 billion by 2026
The pizza application for the North America bakery processing equipment market is anticipated to strike an 8% CAGR over the coming years. This can be owed to the growing consumption of pizza in large amounts, mainly by teenagers, millennials, and adults across the region. Expansion of the retail and commercial bakeries will also foster the regional equipment demand.
The Asia Pacific will witness a higher penetration of bakery processing equipment and the regional industry is poised to grow at an exponential CAGR through 2026. This can be attributed to the developing tourism sector in the region that has driven the demand for bread items like buns, pita bread, pizza base, and flatbread, as well as cakes and pastries.
Providers of bakery food processing equipment are focusing on marketing strategies like partnerships and acquisitions to extend their offerings across the untapped regions in the world while increasing their market presence. They are also coming up with innovative models for advanced bakery equipment that have added features to gain a positive edge over their competitors. For instance, Heat and Control partnered with Ishida Co., Ltd, a Japanese firm to render bakery processing and packaging solutions to their customers who are setting-up factories.
GEA Group, Rheon Automatic Machinery Co. Ltd., John Bean Technologies Corporation, Markel Ventures, Inc, Aktiengesellschaft, and Ali Group S.r.l. a Socio Unico are some of the other global participants in the business.
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Data Tables
TABLE 1 Global bakery processing equipment industry 3600 synopsis, 2016 - 2026
TABLE 2 Global bakery processing equipment market size, 2016 – 2019 (USD Million)
TABLE 3 Global bakery processing equipment industry size, 2020 – 2026 (USD Million)
TABLE 4 Global bakery processing equipment industry size, 2016 – 2019 (Units)
TABLE 5 Global bakery processing equipment industry size, 2020 – 2026 (Units)
TABLE 6 Global bakery processing equipment market size, by type, 2016 – 2019 (USD Million)
TABLE 7 Global bakery processing equipment industry size, by type, 2020 – 2026 (USD Million)
TABLE 8 Global bakery processing equipment industry size, by type, 2016 – 2019 (Units)
TABLE 9 Global bakery processing equipment market size, by type, 2020 – 2026 (Units)
TABLE 10 Global bakery processing equipment industry size, by region, 2016 – 2019 (USD Million)
TABLE 11 Global bakery processing equipment market size, by region, 2020 – 2026 (USD Million)
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