Commercial Baking Equipment Market Primed for Exceptional Growth, Projected to Surpass $3.85 billion by 2030

According to the Next Move Strategy Consulting, the commercial baking equipment market size is anticipated to surpass $3.85 billion by 2030 reflecting a CAGR of 4.8% during the forecast period till 2030. This unprecedented growth is underpinned by a confluence of technological advancements, shifting consumer preferences, and a growing emphasis on sustainable and efficient transportation solutions.

Market Overview:

The commercial baking equipment market is experiencing a transformative phase, driven by the evolving needs of the food and hospitality industry. The demand for efficient and technologically advanced baking solutions is escalating, fueled by factors such as the growing trend of artisanal and specialty baked goods, changing consumer preferences, and the expansion of the global bakery chain.

As businesses in the food sector strive for operational excellence, efficiency, and sustainability, the commercial baking equipment market emerges as a critical facilitator of this culinary evolution.

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Key Market Drivers:

1. Changing Consumer Preferences: The increasing demand for diverse and high-quality baked goods, including artisanal and specialty items, is a significant driver of the commercial baking equipment market. Consumers are seeking unique and innovative bakery products, driving bakeries and food establishments to invest in state-of-the-art equipment for enhanced production capabilities.

2. Technological Advancements: The integration of advanced technologies in commercial baking equipment, such as smart ovens, automated mixing systems, and precision baking tools, is reshaping the industry. Businesses are leveraging technology to improve efficiency, reduce production time, and ensure consistent product quality.

3. Rising Demand for Health-Conscious Options: The growing awareness of health and wellness is influencing consumer choices. As a result, there is a heightened demand for commercial baking equipment that facilitates the production of healthier baked goods, including gluten-free, organic, and low-sugar options.

4. Global Expansion of Bakery Chains: The expansion of bakery chains and franchises globally is driving the adoption of commercial baking equipment. Establishments are investing in modern equipment to meet the increasing demand for baked goods and maintain consistent quality across multiple locations.

Market Segmentation:

The commercial baking equipment market includes various segments, including:

Type: Based on type, the market is segmented into ovens, mixers, bread slicers, proofers & retarders, dough sheeters & rollers, and others.

Application: Based on application, the market is divided into restaurants, hotels & catering, bakeries, pizzerias, and others.

Control Type: Based on component, the market is bifurcated into manual, semi-automatic, and fully automatic.

Geographical Regions: Based on region, the market is analysed into North America, Europe, and Asia-Pacific, and Rest of World (RoW).

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Outlook and Future Prospects:

The adoption of cutting-edge technologies and automation, including AI-powered capabilities and automated control, is anticipated to drive substantial growth opportunities for the market in the years to come. An illustration of this trend is AMF Bakery Systems' launch of an AI-driven quality control solution for pizza toppings in June 2021, which significantly improves precision and efficiency. This technology leverages AI to optimize quality assurance, raising the standard for product excellence.

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The substantial upfront investment required for baking equipment installation may pose a challenge to market growth.

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Regional Dominance:

North America dominates the commercial baking equipment market and is poised to maintain its leadership position throughout the forecast period. This dominance stems from the growing presence of global baking equipment manufacturers expanding their operations across the region. For example, in February 2023, Rademaker established a new facility in the United States to cater to the burgeoning consumer demand. This new facility is projected to substantially enhance Rademaker's ability to serve the commercial baking sector, underscoring its dedication to meeting the evolving market needs.

Furthermore, the presence of influential companies in the region, actively expanding their operations through various business strategies, is fueling market growth for commercial baking equipment. For example, Middleby Corporation's acquisition of Escher Mixers in February 2023 strengthened its position in the industrial baking industry, broadening its product portfolio, enhancing efficiency, and reducing production costs.

On the other hand, in contrast, Europe is anticipated to experience a gradual increase in the commercial baking equipment market throughout the forecast period. This growth is attributed to the introduction of bakery equipment by local manufacturers across the region, aimed at meeting customer demand. For example, Mychef introduced a new line of oven ranges in November 2021, specifically designed to cater to the needs of restaurant, hotel, and catering service businesses.

The widespread consumption of bread for breakfast in most households, coupled with its status as a staple food in the region, is anticipated to fuel the growth of the commercial baking equipment market. This trend is further reinforced by data from the European Regional Development Fund (ERDF), which indicates that the average European individual consumes around 57 kilograms of bread and bakery products annually. However, bread consumption patterns vary significantly across countries, with most nations averaging around 50 kilograms per person per year.

Competitive Landscape:

The commercial baking equipment market comprises of various players such as The Middleby Corporation, Edward Don & Company, Baxter, Bongard, Imperial, Erika Record LLC, Pritul Bakery Machines, Revent, Doyon, Empire Bakery Equipment and others. These market players are adopting various strategies such as product launches across various regions to maintain their dominance in the commercial baking equipment market.

For instance, in October 2021, Baker Perkins introduced Infusent, a new brand dedicated to creating equipment specifically for the infused food industry. Infusent's product offerings include machines for producing candies, jellies, toffees, and a variety of other infused treats.

Moreover, in January 2021, Together Means Greater (TMG) acquired a majority stake in Auto-Bake Industries Ltd. (ABI), allowing clients to produce artisan-style bagels on high-performance industrial equipment. This acquisition strengthens the international footprint of both MECATHERM and ABI LTD to expand their product offerings of innovative solutions for industrial bakers.

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This release was published on openPR.