Bakery Processing Equipment Market Revenue Forecast 2019-25 By Regional Manufacturers
Bakery Processing Equipment Market is expected to exceed USD 11 billion by 2025. The increasing consumption of baked goods across the globe is driving the market growth. These systems are used in commercial food processing industries and industrial bakeries for producing a variety of baked goods, such as breads, cakes, pies, cookies, and crackers, at a larger scale. The demand for frozen bakery products is increasing in the emerging economies including China, India, and Brazil due to their low cost and easy availability.
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According to Federation of Bakers Ltd., the UK bread industry is valued at around 3.8 billion pounds annually, employing a large number of people to meet the growing supply across the nation. The average bread consumption in the region per year is around 50 kg per person. Amplifying demand for bread will positively influence bakery processing equipment industry outlook.
In terms of geographical expansion, the fast-growing food & beverage sector in North America has contributed immensely towards boosting the remuneration scale of the global bakery processing equipment industry. There has been consistent adoption of highly advanced equipment to meet the massive bakery demand by leading food processing companies. According to reports, in 2018 the North America market share was estimated at USD 1.5 billion.
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According to American Bakers Association, the baking industry in the U.S. has an economic impact of nearly USD 153 billion. The U.S. government has levied strict rules and regulations to ensure food safety across the country. The change in consumer pattern towards healthy food consumption has led to enhanced bakery products such as multigrain cookies, wheat bread, among several others. U.S. food safety association has set up separate departments to monitor the safety and quality of food. The growing demand for safe and innovative bakery products along with stringent safety norms will reinforce North America bakery processing equipment industry size.
The demand for ovens and proofers is increasing in commercial bakeries due to their efficient heating & baking capabilities and the ability to maintain the ideal temperature. Companies are manufacturing a wide range of industrial ovens using advanced technologies to offer improved texture & crust as well as low-power consumption. Manufacturers are developing oven systems in various shapes & sizes to meet the requirements of customers across the globe. The increasing demand for breads, biscuits, and cookies in several countries will increase the adoption of ovens and proofers, contributing to the bakery processing equipment market growth.
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Major players operating in the bakery processing equipment market include Baker Perkins Ltd., Markel Food Group, Ali Group S.p.A., Heat and Control, Inc., GEA Group and Buhler Group, etc. These manufacturers are involved in launching new systems for specific application & capacity requirements. Additionally, companies are adopting strategies, such as mergers & acquisition, collaborations, and partnerships, to expand their business operations.
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