Bakery Processing Equipment Market Is Estimated To Exhibit At USD 21.8 Billion By 2030

 San Francisco, 28 Nov 2023: The Report Bakery Processing Equipment Market Size, Share & Trends Analysis Report By Equipment (Ovens & Proofers, Molders & Sheeters), By Application (Bread, Pizza Crusts), By Region, And Segment Forecasts, 2023 - 2030

The global bakery processing equipment market size is expected to reach USD 21.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2023 to 2030. The incorporation of better-for-you ingredients in bakery products and the growing demand for gluten-free bakery items are expected to stimulate market growth over the forecast period.

The demand for cakes and pastries is expected to witness growth on account of the introduction of novel flavors. Furthermore, the increasing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Bread and rolls are expected to witness significant growth on account of a substantial rise in the demand for these products in North America and Asia Pacific.

The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for processed food over the forecast period. Furthermore, the increasing prevalence of advertisements with attractive visuals and the availability of a wide range of flavors in processed food are anticipated to have a positive impact on the demand for processed food, and consequently, processing equipment.

Rising labor costs, coupled with the increasing energy costs and the cost of bakery product ingredients, are expected to compel end-use manufacturers to opt for efficient and advanced bakery processing equipment that can improve the overall production efficiency. In addition, fluctuation in the prices of raw materials, such as stainless steel and polymers, is expected to impact the overall cost of the bakery processing equipment.

Access Research Report of Bakery Processing Equipment Market @ https://www.grandviewresearch.com/industry-analysis/bakery-processing-equipment-market

Bakery Processing Equipment Market Report Highlights

• Molders & sheeters segment is expected to expand at the fastest CAGR of 7.0% during the forecast period
• Asia Pacific is likely to expand at the fastest CAGR from 2023 to 2030 owing to the increasing disposable income, the growing spending power of the middle-class population, rapid globalization, and adoption of automated technology
• The growing domestic consumption of various processed food products, such as potato chips, sausages, and bread, in the emerging economies of Asia Pacific and the Middle East owing to the expansion of retail food outlets is expected to stimulate the product demand

Bakery Processing Equipment Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 14.1 billion
Revenue forecast in 2030	USD 21.8 billion
Growth rate	CAGR of 6.3% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

List of Key Players of Bakery Processing Equipment Market

• 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

Access Press Release of Bakery Processing Equipment Market @ https://www.grandviewresearch.com/press-release/global-bakery-processing-equipment-market