Global Industrial Bakery Processing Equipment Market: Industry Analysis and ForePosted by akash Arjun pingale on April 5th, 2021 Global Industrial Bakery Processing Equipment Market was valued $xx Bn in 2019 and is expected to reach .7 Bn by 2026, at a CAGR of xx%. Bakery processing equipment is the systems and related machinery that helps the bakery industry feed a global population of close to eight billion people. The global market has experienced an upsurge in demand in recent years. From the impact of process automation and advanced robotics to growing demand for clean label and organic products, the sector is undergoing a rapid transition. The key market drivers for the bakery processing equipment market are the rise in per capita bakery food consumption and technological innovation. An increasing share of the organized segment & improved business climate and infrastructure facilities will be a motivating move for the market. Emerging markets of the Asia-Pacific region are likely to create significant growth opportunities for the engaged stakeholders. The bakery processing equipment market in India is estimated to account for nearly USD 1.8 billion in 2019 and is projected to reach a value of nearly USD 3.3 billion by 2023, growing at a CAGR of 16.3% from 2019. The growth of the bakery processing equipment market is attributed to the increasing trade of food processing equipment among regions such as the West and South of India. Emerging market growth, increasing disposable income, and rising penetration of retail sales fuel the demand for packaged and processed food which in turn leads to higher equipment sales. Integration of new and advanced technologies such as process automation, Internet of Things (IoT), and artificial intelligence (AI) has enabled the food processing sector to operate more efficiently and generate higher revenue. These technologies aid in improving productivity and reducing operational costs as well as human intervention. The bread application segment accounted for more than 40% of the bakery processing equipment market share in 2019. Breads are one of the largest consumed bakery items across the globe owing to growing consumption and demand from consumers. The rising demand for bread in the Asia Pacific due to changing lifestyles and growing health concerns among individuals has also increased the demand for wheat bread. In India, revenue in the Bread segment was US,117 Mn in 2020. Whole wheat bread offers several nutrients such as folic acid, vitamins B6 & E, fiber, magnesium, zinc, and chromium, which help in maintaining body structure and reduce the risk of a heart attack. In global comparison, most revenue is generated in China (US,921 Mn in 2020). The global bakery processing equipment market is studied across ovens & proofers, mixers, sheeters & molders, and others. Ovens and proofers are food processing equipment used while bakery doughs. These are heating chambers that encourage the fermentation of dough by yeast with the help of warm temperatures and controlled humidity. A wide range of bakery ovens is manufactured and designed using advanced technology and research that assure low fuel consumption, affordable prices, excellent volume, shine, texture, and crust in the market. Manufacturers are providing ovens in various shapes and sizes to meet the various requirements of customers around the world, as per the recent market and consumption trends. The baking equipment companies are focusing on utilizing innovative and new technologies for proofing the bread and bakery products in the European region. Global Industrial Bakery Processing Equipment Market by Application To know about the Research Methodology :- Request Free Sample Report Global Industrial Bakery Processing Equipment Market by Regional The increasing demand for convenient food among consumers is one of the prime factors that will facilitate the industrial bakery processing equipment market growth in APAC over the forecast period. Currently, India deploys 11.25mandays/tons on average, compared to an average of 1.28man-days/tons in developed countries. The bakery industry has large employment potential in the APAC region. Expected to 29% of the market’s growth will originate from APAC during the forecast period. In India, the market size of bakery machinery and equipment has touched near USD$ 550 Mn of which only the bakery oven market is estimated at US$ 184 Mn. Most of the Indian bakeries are either manual or semi-automatic. China and Japan are the key markets for industrial bakery processing equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions. In Europe, bakery processing equipment manufacturers focus on utilizing new and innovative technologies for proofing various bakery products. for more info:https://www.maximizemarketresearch.com/market-report/global-industrial-bakery-processing-equipment-market/90526/
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