A recent report published by Infinium Global Research on bakery processing equipment market provides an in-depth analysis of segments and sub-segments in the global as well as regional bakery processing equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bakery processing equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global bakery processing equipment market. According to the report, the global bakery processing equipment market is projected to grow at a CAGR of 8.80% over the forecast period of 2018-2024.
Bakery and confectionery product involves long complex processing equipment. Bread slicers, depositors, dividers, dough brakes, doughnut equipment, fondant equipment, glazing machines, hot plates, mixers, molders, oven band lubricating machines, oven loaders/unloaders, ovens, pastry equipment, pie and tart machines, provers, retarder provers, retarders, spraying machines, and tin greasing machines are the commercially available bakery processing equipment. This equipment provides large baking capacity, easy operation, and labor saving. The bakery processing equipment improves speed, standardization, and food hygiene and plant safety for the growing food processing industry.
The growing demand for bread, pastries, and other baked goods over the globe owing to busy lifestyles, growing participation of woman in the workforce, increasing buyer power, and growing innovations in food industry drives the growth of bakery and confectionery food products that in turn contributes to the market growth of bakery processing equipment market. In addition, rising income in developing countries driving the growth of automation in bakery processing equipment. This processing equipment for bakery foodstuffs provides fast and flexible operations for the growing bakery industry. Additionally, the increasing need to improve the cost-effectiveness is promoting the growth of the complex bakery processing equipment market. Furthermore, the growth of the bakery equipment market is governed by the overlapping regulations on food quality and industrial safety. The increase in demand for frozen bakery products and the growing popularity of in-store products fuels the growth of bakery processing equipment market. Moreover, increasing government support for the food processing industry and growing investment in the research and development sector to create and launch various new advanced products creates opportunities for the growth of the bakery processing equipment market.
The bakery processing equipment market is a highly fragmented market. Among the regions, Asia-Pacific holds the largest share in the total addressable market. The changing food habits and increasing affinity towards convenience and bakery products among consumers is the major factor for the growth of the bakery processing equipment market in this region. The increasing foreign investments and the multinational food joints such as McDonald's and KFC increasingly strengthening their presence in the Asia-Pacific region boost the bakery processing equipment market. North America holds the second largest share in the bakery processing equipment market owing to the rising disposable income and high demand for bakery and confectionary products. Europe is anticipated to be the fastest growing region owing to the increasing globalization and increasing collaborations with multinational food outlets.
The report on the global bakery processing equipment market covers segments such as product type and application. On the basis of product type, the sub-markets include ovens, mixers, sheeters and moulders, proof boxes, specialized pans and tools, tables and racks, divider and rounders, spraying machines, and others. On the basis of application, the sub-markets include cookies and biscuits, breads, cakes and pastries, desserts, pizza crusts, and other bakery products.
The report provides profiles of the companies in the market such as GEA Group AG, John Bean Technologies Corporation, Ali Group S.P.A, Buhler Holding AG, Rheon Automatic Machinery Co., Ltd, Heat and Control, Inc., Baker Perkins Ltd., Meyer Industries, Inc., Markel Food Group, and Anko Food Machine Co, Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bakery processing equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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