The Global Bakery Processing Equipment Market was valued at $8.3 Billion in 2020. Growing at a high CAGR of more than 7.2% between 2021 and 2031, it is estimated to reach $17.32 Billion by 2031. But, the current pandemic of COVID-19 might make a slight difference in the current year's growth rate. The bakery processing equipment is the machinery or tool that use in the bakery industry for different purposes. The impact of advanced and automated process food farms is driving the market growth. Increasing demand for bakery products and coupled with the instrument demand has been propelled the market growth during the forecast period. Now, moving forward, the robust demand for the Global Bakery Processing Equipment Market in the bakery food department is further estimated to create new necessities and augment the market of growth over the forecast period of 2021-2031.
Global Bakery Processing Equipment Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Bakery Processing Equipment market is segmented as equipment and application. Based on equipment, the global Bakery Processing Equipment market is divided into Mixer & Blenders, Dividers & Rounders, Molders & Sheeters, Oven & Proofers, and Others. Based on Application, the global Bakery Processing Equipment market has been bifurcated as Bread, Cakes & Pastries, Cookies & Biscuits, Pizza Crusts, and Others.
By Region, Asia Pacific is Holding the Major Market Share
The Bakery Processing Equipment Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Asia Pacific has a significant share among those regions. The regional market comprises developing nations such as China, India, and Japan, whose development rate is faster than most of the developing countries in the world. The availability of advanced technology, experienced and skilled employees and increasing demand for bakery products are the prime factors for the market growth over the region. Apart from that, North America and Europe are expected to increase the growth rate in the upcoming forecast period of 2021 to 2031.
Major Players in the Global Bakery Processing Equipment Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Ali Group S.r.l., Baker Perkins Limited, Bühler AG, GEA Group Aktiengesellschaft, The Middleby Corporation., JBT Corporation, Anko Food Machine Co., Ltd., Markel Food Group, Koenig Maschinen GmbH, Heat & Control, Inc., RHEON Automatic Machinery Co., Ltd., Gemini Bakery Equipment Company, Global Bakery Solutions, Euroasia Food Equipment SDN BHD, and Welbilt Inc. among others.
The Global Bakery Processing Equipment Market Has Been Segmented into:
Global Bakery Processing Equipment Market: By Equipment
Global Bakery Processing Equipment Market: By Application
Global Bakery Processing Equipment Market: By Region