May 19, 2021
According to the recent research report titled ‘Bakery Processing Equipment Market Size By Type, By Application (Bread, Pastry, Pizza, Croissants, Flatbread, Pie/Quiche, Biscuits, Tortilla), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global bakery processing equipment market is anticipated to grow considerably during 2020-2026.
As per the report, increasing development of energy efficient machines initiatives, growing presence of food providers, and advancement in equipment by integration of automation & robotics technologies are primarily driving global bakery processing equipment market growth.
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Moreover, surging demand for gluten-free and nutritious baked products among customers and expanding bakery industry is adding significant traction to the market development.
Consumers nowadays seek unique bakery items, as well as enhanced taste, appeal, and convenience in bakery goods. The bakery industry also plays an important role in promoting wheat, particularly in non-wheat-consuming regions of the world, which has further enhanced the remuneration scope of the industry.
The advent of robots in the food business is also opening new potential for market expansion. Robots provide a wide range of advantages for improving food processing operations, leading to their increased adoption in the bakery industry.
Considering the restricting factors, lack of awareness regarding automated machines and high maintenance cost are limiting worldwide bakery processing equipment industry expansion.
Based on type, sheeters & molders segment is anticipated to hold 17% of overall industry share by the year 2026, owing to various advantages provided by it in bakery processing. A dough sheeter improves the commercial baking process by producing several types of dough, saving time, and ensuring consistent results every time.
Elaborating on application spectrum, global bakery processing equipment market share from biscuit segment is expected to record 8% CAGR over the analysis period, attributable to surging demand for healthy snacks. The market is predicted to rise as demand for biscuits with nutritious components such as seeds, nuts, dried fruits, full grain flour, and gluten-free choices, is increasing.
Regionally, Latin America bakery processing equipment industry is poised to accrue high returns over the coming years, creditable to escalating product demand on account of rising intake of bakery products among the populace.
Top firms impacting global bakery processing equipment market trends are Yang Jenq Machinery Co. Ltd., WP Bakery Group, Middleby Corporation, Sinmag Equipment Corporation, Rondo Burgdorf AG, Rinc, Markel Ventures Inc., Koenig Maschinen GmbH, KAAK Group, John Bean Technologies Corporation, Gemini Bakery Equipment Company, and Fritsch Group among others.