The global bakery processing equipment market size was US$ 13.5 billion in 2021. The global bakery processing equipment market size is forecast to reach US$ 22.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
Bakery processing equipment enables the making of bakery items like bread, cookies, cakes, pastries, pizza, biscuits, doughnuts, and other baked goods. Various types of equipment are used in bakeries for various procedures such as baking, mixing, molding, enrobing, cooling, extrusion, and others. Bread, which was already a regular staple in prehistoric times, is a rich source of nutrition for humans. Bread systems, bread slices, mixers, ovens and proofers, dividers and rounders, sheeters and molders, pan greasers, and depositors are among the equipment utilized in these processes.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global bakery processing equipment market. Several governments worldwide imposed stringent lockdowns, which led to the shut-down of several food processing plants, bakeries, and patisseries. In addition, different industry participants & manufacturers noticed a substantial decline in their overall bakery processing equipment market due to the declining sales of bakery food products during the COVID-19 pandemic.
Regional Insights
The Asia Pacific region garnered the major share of the bakery processing equipment market and is forecast to have lucrative growth in the market during the forecast period. As a result of the existence of emerging economies. In addition, the existing countries such as India and China, the most populated countries, are growing the demand for bakery products. Thus, this factor is forecast to fuel the bakery processing equipment market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global bakery processing equipment market are:
Scope of the Report
The global bakery processing equipment market segmentation focuses on Product Type, Application, End-Users, Mode of Operation, Function, and Region.
Segmentation based on Product Type
Segmentation based on Application
Segmentation based on End-Users
Segmentation based on Mode of Operation
Segmentation based on Function
Segmentation based on Region