CAGR: 5.3%Current Market Size: USD 12.21 BillionFastest Growing Region: Europe
Largest Market: APACProjection Time: 2023-2030Base Year: 2022
The global bakery processing equipment market is expected to grow from USD 12.21 billion in 2022 to USD 18.46 billion by 2030, at a CAGR of 5.3% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for convenience food and frozen bakery products.
In the bakery industry, bakery processing equipment is used to produce a variety of bakery products, including cookies, bread, pastries, cakes, cookies, etc. Different types of equipment are used in the production process of different bakeries for a variety of tasks, including mixing, baking, extrusion, coating, etc. In order to perform these processes, bread slicer, bread systems, ovens, proofers, dividers, rounders, pan greasers, depositors and so on are used. A wide range of industries use this equipment for food service and bakery processing. A successful bakery production depends on the effective use of bakery equipment. This equipment can perform more efficiently, faster, and at a lower cost. Food-grade stainless steel is preferred for equipment made from stainless steel in this way. The rise of the global population, changing lifestyles, and increasing disposable income is providing a significant impetus for the growth of the bakery processing equipment market. This trend is expected to continue during the Projectioned period. As a result of the increased demand for fast food and packaged foods, manufacturers will increase their manufacturing capacities, increasing demand for processed food. In addition, the popularity of advertisements with appealing images and the availability of various flavors in processed food are expected to boost the demand for processed food, which will lead to a rise in bakery equipment sales.
Sample Request: - Global Bakery Processing Equipment Market
Market Dynamics:
Drivers:
Automation of equipment allows for more production by minimizing manual operations and increasing equipment flexibility, which facilitates on-the-fly product changes. In light of the fact that automation minimizes human intervention, which in turn reduces labor costs, the demand for automated bakery equipment is expected to rise over the Projection period.
Restraints:
The skin tightening market is experiencing tremendous growth but there are some health risks associated with such procedures. In some cases, it has been observed that people suffer from various skin-related issues which are not long-lasting but still affect the market growth symptoms like swelling, itching, and redness are very common in some cases after hair removal procedures. In extreme cases, hypopigmentation or hyperpigmentation of the skin as well as burning of the skin require adjustments in laser settings or selection.
Opportunities:
The rising demand for convenience food among the consumers due to of busy life schedule is boosting the market growth. Moreover, increased demand for frozen bakery products are also contributing a large share in the market growth.
Challenges:
High-end equipment manufacturers in developed countries are facing competition from Asian manufacturers offering cheaper products, which is hurting their profitability. In order to offer their products at competitive prices, they must either cut down on their profits or provide increased functionality at a minimal price so that bakery product manufacturers can buy them.
Segmentation Analysis:
The global bakery processing equipment market has been segmented based on equipment, application, and regions.
By Equipment
The equipment segment includes ovens & proofers, molders & sheeters, mixers & blenders, dividers & rounders and others. The ovens & proofers segment led the largest share of the global bakery processing equipment market with a market share of around 32% in 2022. An oven & proofer are common pieces of bakery processing equipment for baking dough, as these are heating chambers which promote yeast fermentation through controlled humidity and warm temperatures. As a result of advanced technology and research, a wide variety of bakery ovens are manufactured and designed in the market to provide low fuel consumption, affordable prices, and excellent volume and crust.
By Application
The application segment includes pizza crusts, breads, cakes & pastries, cookies & biscuits and others. The breads segment led the largest share of the global bakery processing equipment market with a market share of around 29% in 2022. A large market share was attributed to the bread application segment. As a result of the growing consumption and demand from consumers, bread is one of the most popular and most consumed bakery items worldwide. As a result of changing lifestyles and growing health concerns among people, the demand for bread has also increased.
Global Bakery Processing Equipment Market - Sales Analysis.
The sale of bakery processing equipment expanded at a CAGR of 5% from 2016 to 2022.
A variety of industries utilize bakery processing equipment, including bakery and confectionery, due to its inherent advantages such as cleanliness, preservation, and ease of use. In the coming years, the global bakery processing equipment market is expected to grow substantially due to a growing demand for confectionery and baked goods, packaged food, convenience food, and healthy and nutritious food.
Innovations significantly impact the bakery equipment market since manufacturers are constantly introducing new processing techniques to manufacture a variety of complex bakery products of varying sizes and shapes. Therefore, the processed food industry is focusing on catering to the growing consumer demand.
Moreover, Continuous research and development by various major players in the bakery processing equipment’s are creating more growth opportunities for the market.
Thus, owing to the aforementioned factors, the global bakery processing equipment market is expected to grow at a CAGR of 5.3% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the bakery processing equipment market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the bakery processing equipment market and held a 37.8% share of the market revenue in 2022.
Global Bakery Processing Equipment Market - Country Analysis:
Germany's bakery processing equipment market size was valued at USD 1.08 billion in 2022 and is expected to reach USD 1.6 billion by 2030, at a CAGR of 5.5% from 2023 to 2030.
Due to the high consumption of bakery products within the region, Germany dominates the European bakery processing equipment market. As government food regulations continue to evolve, bakery processing equipment is becoming increasingly popular because these systems produce baked goods without human intervention, further contributing to market growth.
China’s bakery processing equipment market size was valued at USD 1.10 billion in 2022 and is expected to reach USD 1.7 billion by 2030, at a CAGR of 5.7% from 2023 to 2030.
The growth of industrialization in China, infrastructure development, and increased food and beverage investments are likely to lead to positive growth opportunities. In China, the food and beverage industries contribute considerably to the country's economy. Therefore, during the projection period, the bakery processing equipment market is expected to grow as the GDP contributions from the industrial and food & beverage industries increase.
India's bakery processing equipment market size was valued at USD 0.84 billion in 2022 and is expected to reach USD 1.29 billion by 2030, at a CAGR of 5.6% from 2023 to 2030.
It is expected that the rise in the population and increasing demand for processed foods will drive the demand for bakery processing equipment. It is expected that the bakery processing equipment market will grow as consumer preferences for high-quality goods grow, as well as product advances and strengthened government food regulations.
Key Industry Players Analysis:
To increase their market position in the global bakery processing equipment market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5.3% |
Market Size |
12.21 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Equipment, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Zibo Taibo Industrial Co., Ltd., Heat and Control Inc., Yash Food Equipment, GEA Group AG, Ali Group, Erika Record LLC, Baker Perkins, The Middleby Corporation, Align Industry, Kar Bakery Equipment’s India Pvt. Ltd., Falcon Food Equipment, Gemini Bakery Solutions, Markel Food Group, and Allied Bakery Equipment. |
By Equipment |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Bakery Processing Equipment Market by Equipment:
Global Bakery Processing Equipment Market by Application:
Global Bakery Processing Equipment Market by Region:
Global bakery processing equipment market is expected to reach USD 18.46 billion by 2030.
The global bakery processing equipment market is projected to have a CAGR of 5.3%.
The segments covered in the global bakery processing equipment market are; equipment, application, and regions.
Leading market players active in the global bakery processing equipment are Zibo, Taibo Industrial Co., Ltd., Heat and Control Inc., Yash Food Equipment, GEA Group AG, Ali Group, Erika Record LLC, Baker Perkins, The Middleby Corporation, Align Industry, Kar Bakery Equipment’s India Pvt. Ltd., Falcon Food Equipment, Gemini Bakery Solutions, Markel Food Group, Allied Bakery Equipment among others.
Political Factors- The market for bakery processing equipment should pay particular attention to pressure groups, social and environmental activists, and labour unions because they are essential to the creation of laws. By collaborating closely with these groups, the market may be better able to involve the community and accomplish long-term corporate goals. The commercial environment for multinational firms, such as the market for bakery processing equipment, is also improved by sound governance and a democratic political environment. The environment becomes murkier as a result of frequent changes in government policy, which is bad for company expansion.
Economic Factors- Since operating in highly efficient financial markets enhances a company's liquidity position and strengthens its potential to enter new markets, the effectiveness of the financial market has an impact on bakery processing equipment since it aids the market's global development plan. The efficiency and health of the financial markets will determine how easily and cheaply the market for bakery processing equipment can raise capital. The existing economic structure, which also underpins the market's trade, has an impact on the bakery processing equipment. The economic and regulatory environment of one with oligopolistic or monopolistic structure differs from that of one with perfect or monopolistic competition.
Social Factors- The power distance in a culture indicates the acceptance of hierarchy and income inequality. The business management practises of the bakery processing equipment industry must change when it enters markets with a high or low power distance. Rising inequality in many countries is altering the power structure, which has important repercussions for multinational firms like those in the market for bakery processing equipment. To alter its marketing and communication methods, the market for bakery processing equipment needs to conduct research on the generally accepted gender norms. Traditional, patriarchal civilizations with clearly defined gender roles will employ different marketing and human resource strategies than societies with fewer gender stereotypes.
Technological Factors- The bakery processing equipment market must consider both the micro and macro expenditures made by rivals in order to comprehend how new technologies effect the firm's value chain and present cost structure. Research and development efforts are essential when creative disruption happens regularly. In this situation, the market for bakery processing equipment should invest in disruptive technologies and then reinvest the profits in the creation of new disruptive technologies in order to maximise revenues. The use of new technologies has reduced the amount of time required to develop new products.
Environmental Factors- Green or ecologically friendly items are being used more frequently. The market for bakery processing equipment has the potential to adopt green business strategies to draw in stakeholders. Due to regulatory organisations' emphasis on maintaining compliance with environmental standards, priorities for product innovation are changing. Traditional value propositions in the market for bakery processing equipment must give way to the promotion of the products' environmental friendliness. If the bakery processing equipment industry continually depletes resources, it may come under fire from the media, environmental organisations, consumers, and the general public.
Legal Factors- Data protection has become a critical issue as a result of consumer worries about their privacy and security. The market for bakery processing equipment needs to research data protection regulations in order to protect consumer information. Laws are also in place to control expenses, ensure a certain level of quality, and protect consumers from misleading advertising claims. In order to comply with consumer protection laws, a number of factors must be taken into account in the bakery processing equipment industry. The goal of intellectual property laws is to protect the valuable patents and ideas that businesses possess. Losing a competitive edge as a result of neglecting to protect intellectual property rights could impair the market position of bakery processing equipment in comparison to other market participants.
List of Table
List of Figures