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Bakery Processing Equipment Market Size, Insight Growth, Industry Analysis and Forecast

10-28-2020 06:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

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Bakery Processing Equipment Market

Bakery Processing Equipment Market

Bakery Processing Equipment Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2019–2026.

The global bakery processing equipment market size was $11.4 billion in 2018, and is expected to reach $18.7 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026.

The report focuses on the growth prospects, restraints, and opportunities of the global market. The study provides Porters five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of substitutes, threat of new entrants, and bargaining power of buyers of the bakery processing equipment market.

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Continuous technological advancements in the global bakery processing equipment market are expected to provide ample growth opportunities for equipment manufacturers and suppliers in the near future. Major players in the market are already shifting their focus toward innovation and technological advancements to maintain competitiveness and garner major market share.

For example, in 2016, the ovens produced under the low-energy ovens project use advanced infrared technology. The technology aids in energy reduction by 20–40% during the bakery process and a gain in time of up to 70%. Furthermore, introduction of new heating technologies, interactive oven interfaces, high-speed convection ovens, and ventless ovens is expected to provide potential opportunities for market expansion. Such advancements are expected to boost the market growth during the forecast period.

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Players looking to enter bakery processing equipment industry face stiff competition from the local manufacturers, as well as importers from cheaper sources such as China. Providing niche products and leveraging on technology remains incumbent solution for players venturing into this industry.

The global bakery processing equipment market is segmented into product type, application, and region. By product type, the global market is studied across ovens & proofers, mixers, sheeters & molders and others. Depending on application, the market is classified into bread, cakes & pastries, cookies & biscuits, pizza crusts and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Some of the key players operating in global bakery processing equipment market includes Paul Mueller Company, BUHLER AG, EUROASIA FOOD EQUIPMENT SDN BHD, GEA Group Aktiengesellschaft, Welbilt Inc., Ali Group Srl, Breville Group, The Middleby Corporation, JBT Corporation, Heat and Control, Inc.

Key Findings of the Study:

Asia-Pacific leads in terms of revenue share and is expected to retain its dominance during the forecast period.
The ovens & proofers segment generates highest revenue in the bakery processing equipment market analysis.
In 2018, based on application, bread products accounted for about 40% of the global bakery processing equipment market share. However, the cookies and biscuits segments is expected to witness robust growth with a CAGR of 9.0%, during the forecast period.
In 2018, based on region, Asia-Pacific is anticipated to grow with robust CAGR of 7.8% during the bakery processing equipment market forecast.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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