Key players in the bakery processing equipment market are Markel Ventures Inc., GEA Group Aktiengesellschaft, The Middleby Corporation, John Bean Technologies Corporation, ALI Group SRL A Socio Unico, Baker Perkins Ltd., RONDO Burgdorf AG, Rheon Automatic Machinery Co ., Ltd., Calor y Control, Inc., and KAAK Group
Selbyville, Del., Jan. 18, 2023 (GLOBE NEWSWIRE) —
Bakery Processing Equipment Market The size is expected to cross a valuation of USD 20 billion by 2032, according to the recent research report by Global Market Insights, Inc.
Demand for new bakery products is increasing in Asia Pacific due to large-scale urbanization and rising disposable household income. China is a major consumer of bakery products with rapidly changing consumption patterns in urban areas. Also, many global bakery chains are expanding their operations in India due to the large presence of potential customers. This, in turn, provides lucrative growth opportunities for the players operating in the bakery processing equipment market.
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Robotics and automation technologies are also used in the food processing industry as they offer several benefits such as smaller equipment, increased production, increased food safety, and better quality control. Robust demand for safe and hygienic food products globally supports the adoption of technologically advanced bakery processing machines to reduce food contamination and improve food safety.
High consumption of bread and related products to boost demand for slicers
The slicer type segment accounted for more than 5% of the global market share in 2022. Commercial bread slicing machines are used to meet the bread slicing and cutting needs of food processing companies and bakeries. The bread slicing equipment is made with corrosion resistant stainless steel frames, to improve the safety and quality of the product. Consequently, the increasing consumption of bread and related products in North America will encourage the installation of these systems during the anticipated schedule.
Increased consumption of pastry in developing economies to improve the installation of bakery processing apparatus
The industry share of pastry apps was valued at more than 30,000 units in 2022. Demand for pastries in countries like India, China, Brazil and Mexico is increasing at a rapid rate due to the shift in consumer preference towards premium bakery products. Therefore, the increasing consumption of customizable cakes and product innovations through the addition of new flavors and ingredients are expected to increase the market until 2032.
Europe to emerge as key revenue center due to strong demand for baked goods
European Bakery Processing Equipment Market is poised to record over 5% CAGR through 2032. This is attributed to several factors, such as the growing demand for baked goods, increased awareness of healthy products, heavy investments in the food industry, and the expansion of the tourism sector in the region. Manufacturers in the UK, Germany and other nations are focusing on developing innovative bakery equipment that can deliver high speed and improve overall food quality, thus improving product usage in the European region.
Mergers and acquisitions by key players to define the competitive landscape
The major organizations operating in the bakery processing equipment market are GEA Group Aktiengesellschaft, The Middleby Corporation, Markel Ventures Inc., Heat and Control, Inc., John Bean Technologies Corporation, Rheon Automatic Machinery Co., Ltd., and KAAK. Group, among others. . These companies are focusing on mergers and acquisitions, among other strategies, to strengthen their presence in the market.
For example, John Bean Technologies Corporation announced the acquisition of a food processing and production line solutions provider, Alco-food-machines, in July 2022. This acquisition was part of the company’s efforts to expand the reach of its offers in the lines of prepared meals. and plant-based protein technology sectors.
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Partial index (ToC) of the report:
Chapter 2 Executive Summary
2.1 360° Overview of the Bakery Processing Equipment Industry, 2018 – 2032
2.1.1 Business trends
184.108.40.206 Total Addressable Market (TAM), 2023 – 2032
2.1.2 Type of trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Industry Outlook
3.2 Impact of COVID-19
3.3 Impact of the war between Russia and Ukraine
3.4 Industry Ecosystem Analysis
3.5 Profit margin analysis, 2022
3.6 Technology and innovation landscape
3.7 Patent landscape
3.8 Key initiative and news
3.9 Regulatory landscape
3.10 Industry Impact Forces
3.10.1 Drivers of growth
220.127.116.11 Increasing consumption of bakery products worldwide
18.104.22.168 Fast growing bakery industry in America
22.214.171.124 Rising energy efficiency initiatives in the European Union
126.96.36.199 Growth of the health-conscious population and demand for new bakery products in Europe and Asia Pacific
188.8.131.52 Incorporation of automation and robotics technologies into bakery processing equipment
184.108.40.206 Growing presence of global food suppliers in the UAE and South Africa
3.10.2 Industry hazards and challenges
220.127.116.11 High power consumption
18.104.22.168 Limited awareness of automated machines
3.11 Investment Landscape
3.12 Analysis of growth potential
3.13 Porter’s analysis
3.14 PESTEL Analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and consulting services provider, offering syndicated and custom research reports along with growth consulting services. Our industry research and business intelligence reports provide clients with detailed insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed using a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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