Farmington, March 15, 2023 (GLOBE NEWSWIRE) -- The global Bakery Processing Equipment Market size was valued at USD 12.92 Billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% during the forecast period 2023-2030. The machinery in a bakery is used to work with dough and bake goods made from dough. Bread systems, bread slices, mixers, ovens and proofers, dividers and rounders, sheeters and molders, pan greasers, and diffusers are some of the tools that fall under Bakery Equipment. Depending on the task, bakery processing equipment is used to make bread, cookies, cakes, pies, pizza crusts, desserts, and more. (croissants, donuts, and pretzels). As the bakery market grows, so does the world market for equipment used to process baked goods. So, people in the market for bakery processing equipment are putting their efforts into making new products and more highly advanced equipment to meet the growing demand for bakery goods.
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Bakery Processing Equipment Market Recent Developments:
- In April 2021, Heat and Control, Inc. announced the construction of a new manufacturing facility in Mexico. This new site will be the largest of Heat & Control's properties and will help the company grow.
- In November 2018, Rheon Automatic Machinery expanded its production facility center by opening a state-of-the-art manufacturing facility in New Jersey, USA, equipped with large, fully equipped laboratory equipment.
Bakery Processing Equipment Market Dynamics:
Drivers:
- As people's lives become more hectic, they desire foods that are simple to prepare and consume. People in a hurry frequently acquire bread, cakes, and sweets from the bakery. Because of this, the demand for bakery processing equipment has increased.
- Consumers' health consciousness is increasing, and they desire healthier bakery products made with whole cereals, fruits, and vegetables. This has increased the demand for bakery processing equipment that can produce such products.
- Additionally, consumers seek unique, high-quality bakery items that are prepared in the traditional manner. This has increased the demand for equipment for bakeries that can produce artisanal baked products.
- Automation is gaining importance in the bakery industry because it can increase productivity, decrease expenses, and improve product consistency. Due to this, the demand for automated bakery processing equipment that can accelerate production has increased.
Restraints
- The equipment required to process baked products requires a substantial investment up front. Smaller restaurants and enterprises may not be able to afford this equipment, thereby retarding market expansion.
- Bakery products have a limited expiration life and must be consumed within a certain time frame. This can lead to food waste and hinder a bakery's ability to generate revenue.
- The cost of labor is increasing. Bakeries invest a great deal of money in labor. Due to the increase in the minimum wage and the dearth of trained employees, labor costs are likely to rise. This makes it difficult for bakeries to purchase costly equipment.
- The bakery must adhere to stringent regulations, particularly with regard to food safety and sanitation. This can increase the cost of production and make it more difficult for bakeries to earn a profit.
Regional Outlook:
In 2020, 37.1% of the market's revenue came from Asia-Pacific. Most millennials like processed foods, the middle class is growing and has more money to spend, people are becoming more health conscious, and foreign investors are becoming more interested in the Asia-Pacific bread processing equipment market.
China has a good chance of growing thanks to its growing industrialization, improving infrastructure, and more investment in the food and beverage industry. China's economy gets a lot of help from the food and drink business. So, the growth of the bakery processing equipment market is likely to be driven by the growing contribution of the industrial and food and beverage industries to GDP over the next few years.
With a CAGR of 6.2%, Latin America was the market that grew the fastest. Due to a lot of investment, the food and drink business in the area has grown a lot. The bakery processing equipment market is projected to grow because more people have money to spend, more people care about their health and wellness, and more people want gluten-free products.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | 5.8% from 2023 to 2030 |
| Market Size in 2022 | USD 12.92 Billion |
| By Type | Mixers, Ovens & proofers, Slicers & dividers, Sheeters & molders, Other bakery processing equipment |
| By Applications | Bread, Cookies & biscuits, Cakes & pastries, Pizza crusts, Other bakery products |
| By Companies | GEA Group AG (Germany), John Bean Technologies Corporation (US), Heat and Control (US), Rheon Automatic Machinery (Japan), Baker Perkins (UK), Markel Food Group (UK), Anko Food Machine (Taiwan), Gemini Bakery Equipment (US), Allied, and Others |
| Base Year | 2022 |
| Historical Year | 2017 to 2021 |
| Forecast Year | 2023 to 2030 |
Bakery Processing Equipment Market Key Segments Covered:
Top Market Players:
GEA Group AG (Germany), John Bean Technologies Corporation (US), Heat and Control (US), Rheon Automatic Machinery (Japan), Baker Perkins (UK), Markel Food Group (UK), Anko Food Machine (Taiwan), Gemini Bakery Equipment (US), Allied, and Others.
Bakery Processing Equipment Market by Types:
- Arthrospira Platensis
- Arthrospira Maxima
Based on Type:
- Mixers
- Ovens & proofers
- Slicers & dividers
- Sheeters & molders
- Other bakery processing equipment
Based on Application:
- Bread
- Cookies & biscuits
- Cakes & pastries
- Pizza crusts
- Other bakery products
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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