Bakery Processing Equipment Market BriefPosted by Disha Bhatt on June 20th, 2019 Bakery Processing Equipment Market Size and Growth: Bakery Processing Equipment Market was worth USD 12.7 billion in 2018 and estimated to be growing at a CAGR of 7.57 %, to reach USD 18.3 billion by 2023. Market Overview: The Bakery Processing Equipment market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the consumers giving more preference to the healthy on the go breakfast and innovative flavors. The bakery is a company that produces and sells flour-based foods, such as cookies, bread, cakes, pies, and pies. The bakery processing equipment is used in the manufacture, processing, and treatment of bakery products. The essential backup equipment includes dividers, mixers, ovens, and cutters. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/global-bakery-processing-equipment-market Market Drivers and Restraints: Some of the factors, such as the growth of the middle-class population and the increase in disposable income in developing countries, are driving the market. The growing preference for packaged food portions and the ever-increasing demand for low-fat and gluten-free foods and innovative flavors also influence market growth. However, market growth may be limited by factors such as shortages of raw materials, excellent packing and transportation costs, and the high sugar and carbohydrate content of baked goods, which causes health problems. Report segmented as By Product Type:
By Application:
Geographical Analysis: The bakery equipment market is structured according to type and application. The segmentation of the market by type takes place in furnaces and resellers, mixers, laminators and shapers, dividers, others. Among the types of plants, the Laminators and Shapers Segment dominates the market in terms of value and is expected to grow at a higher CAGR than the other types of plants. Based on the application, the market is divided into cookies and cookies, bread, pizza crusts, pies, and cakes, as well as other baked goods. The bread segment dominates the global market in terms of value. The Pizza Crusts segment is expected to grow at the highest CAGR due to the worldwide increase in pizza consumption. Based on geography, the global market is analyzed in different regions, namely North America, Europe, Asia-Pacific, and the rest of the world. The Asia-Pacific region accounted for the most significant proportion of bakery equipment, followed by Europe and North America. The market is driven by the increased consumption of baked goods in emerging markets such as India and China. North America is expected to be the fastest growing region due to increased investment from several multinational manufacturers. Important Market Players: Some of the major companies dominating the market, by their products and services include Buhler holding AG, Ali Group S.p.A, GEA Group AG, Heat and Control, Inc., and JBT Corporation. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Tel: +1-888-702-9626 Like it? Share it! More by this author |