Meticulous Research®, a renowned global market research company, has published a comprehensive report titled 'Bakery Processing Equipment Market by Type (Ovens, Proofers, Molders, Sheeters, Dividers, Rounders, Depositors, Dough Mixers), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Pizza Crusts, Doughnuts, Waffles) — Global Forecast to 2030.'
The bakery processing equipment market is anticipated to reach $14.52 billion by 2030, with a CAGR of 5.5% from 2024 to 2030.
Growth factors include the rising demand for bakery products, technological advancements, manufacturers' efforts to reduce production costs, and changing consumer preferences.
Emerging markets in Asia, Latin America, and Africa offer significant growth opportunities, despite high equipment costs and a shortage of skilled labor.
The market is segmented by type, application, and geography.
By type, segments include ovens & proofers, dough mixers, molders & sheeters, dividers & rounders, depositors, and others. Ovens & proofers are expected to lead in 2024 due to heating technology advancements and affordable prices.
By application, segments include bread, biscuits & cookies, cakes & pastries, pizza crusts, doughnuts, waffles, and others. The bread segment is projected to dominate in 2024 due to the popularity of convenience foods and healthier bread options, particularly in China and India.
The pizza crusts segment is poised for substantial growth due to lifestyle and dietary shifts. Innovations in healthier pizza options are driving demand for processing equipment.
Geographically, Asia-Pacific is expected to lead in 2024 due to the increasing demand for bakery equipment and supportive government initiatives. The region is also projected to have the highest CAGR during the forecast period, driven by a growing middle class and technological advancements. China is anticipated to be the largest market in Asia-Pacific due to its large population and high demand for convenience products.
Key Players:
The key players operating in the bakery processing equipment market are GEA Group Aktiengesellschaft (Germany), Ali Group S.r.l. a Socio Unico (Italy), Heat and Control, Inc. (U.S.), The Middleby Corporation (U.S.), John Bean Technologies Corporation (U.S.), Baker Perkins Limited (U.K.), Rheon Automatic Machinery Co. Ltd. (Japan), Sinmag Equipment Corporation (Taiwan), Allied Bakery Equipment (U.S.), Gemini Bakery Equipment Company (U.S.), ANKO Food Machine Co., Ltd. (Taiwan), Markel Ventures Inc. (U.S.), KÖNIG Deutschland GmbH (Germany), WP Bakery Group (Germany), and GBT GmbH (Germany).
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of type, application, and geography?
- What is the historical market size for bakery processing equipment across the globe?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, restraints, opportunities, and challenges in the bakery processing equipment market?
- Who are the major players in the market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- What is the competitive landscape like in the bakery processing equipment market?
- What are the different strategies adopted by the major players in the bakery processing equipment market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the bakery processing equipment market, and how do they compete with other players?
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