The global bakery processing equipment market size is expected to reach USD 11.5 Billion in 2023. Furthermore, with the rapid growth of the bakery industry, the overall demand for bakery processing equipment is projected to rise at 6.2% CAGR between 2023 and 2033, totaling a valuation of USD 21 Billion by 2033.
Bakery processing equipment is systems or tools used to process, manufacture, and store numerous bakery products such as bread, cookies, pastries, donuts, cakes, etc. These tools included bread systems, bakery mixers, bread slicers, bakery ovens, bakery freezers, etc. They assist manufacturers in various tasks to simplify the baking process.
Rising demand for baked goods across the world is playing a key role in driving the global bakery processing equipment market. As the world population continues to rise drastically, demand for food products like bread and biscuits is likely to increase at a strong pace. According to the World Population Prospects 2022 of the United Nations, the global population is expected to reach nearly 8 billion by November 2022.
In order to feed such an enormous population, food manufacturing companies are adopting advanced processing technologies. This will continue to boost the sales of bakery processing equipment during the forecast period.
Similarly, the increasing popularity of packaged food products, including frozen bakery, snack foods, and ready-to-eat products, owing to their convenience and extended shelf life is expected to facilitate the bakery processing equipment market expansion over the next decade.
In addition to this, the development of new state-of-the-art bakery processing equipment, growing penetration of robotics and automation, and increasing government efforts to ensure the safety and hygiene requirements of food processing machines will push demand in the market.
Based on product type, bakery ovens are projected to be the highest-selling product type in the market due to them being a crucial part of almost all end products. These baking equipment play a key role in preparing baked products of high quality.
Regionally, North America remains at the epicenter of bakery processing equipment owing to the rising demand for healthy baked goods, increasing adoption of automation across food manufacturing industries, and the presence of leading players.
| Attribute | Key Statistics |
|---|---|
| Bakery Processing Equipment Market Estimated Value (2023) | USD 11.5 Billion |
| Projected Market Value (2033) | USD 21 Billion |
| Value-based CAGR (2023 to 2033) | 6.2% |
| Market Share of Top 3 countries | 35.6 % |
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The global bakery processing equipment market is anticipated to grow at 6.2% CAGR between 2023 and 2033 in comparison to the 5.1% CAGR registered during the historical period from 2018 to 2022.
Rising consumption of bakery products throughout the world due to the rapidly growing population and changing eating habits is a key factor providing impetus to the growth of the bakery processing equipment market.
Similarly, the bakery processing equipment industry will be driven by a growing customer focus on processed food safety. Consumers prefer food from companies that are using automated methods.
Automation reduces instances of human touch with food during the manufacturing process, thereby lowering the risk of food contamination caused by human error. Thus, growing food safety concerns and the increasing popularity of processed foods will continue to act as catalysts encouraging companies to install bakery processing equipment in their facilities. This will drive the market forward during the next ten years.
Similarly, the development and popularity of unique healthy bakery products like gluten-free bread and sugar-free biscuits will generate growth avenues within the global bakery processing equipment market.
A number of influential factors have been identified that are expected to drive the global bakery processing equipment market forward during the projection period (2023 to 2033). Besides the proliferating aspects prevailing in the market, the analysts at FMI have also analyzed the restraining elements, lucrative opportunities, and upcoming threats that can somehow impact market dynamics.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Flourishing Bread Industry Generating Demand in the USA
According to FMI, the USA bakery processing equipment market is currently valued at USD 2.3 Billion and it accounts for around 68% of the market share in the North American bakery processing equipment market.
Growth in the USA bakery processing equipment market is driven by rising production and consumption of various types of bread, growing adoption of advanced processing technologies across bakery industries, and the heavy presence of leading manufacturers.
Similarly, growing consumer spending and favorable government policies will further boost sales of bakery processing equipment in the USA during the next ten years.
Growing Preference for Healthier Foods Boosting Market in the United Kingdom
As per FMI, the United Kingdom bakery processing equipment market size reached USD 961 Million in 2023 and it holds around 22% of the market share in the Europe bakery processing equipment market.
The United Kingdom food industry at large is making strides towards catering to healthier diets, fuelled by legislations such as High Fat, Sugar, and Salt (HFSS) which limit the promotion of products high in fat, sugar, or salt content. Health and hygiene are going to be a significant point of focus for consumers thereby requiring more sophisticated automatic equipment.
Rapidly Growing Population and Expanding Bakery Industry Triggering Sales in China
The bakery processing equipment market in China is expected to surpass a valuation of USD 961 Million in 2023 and further expand at a healthy pace during the next ten years. This can be attributed to the robust expansion of the bakery industry due to the rapidly growing population, economic boom, and increasing food insecurity concerns.
China is the world’s second-largest baked goods retail market after the USA. Increased westernization of lifestyles and diets and enhanced demand for convenient foods are creating a conducive environment for the growth of the bakery processing equipment market in the country and the trend is likely to continue during the forecast period.
Bakery Ovens Remain the Most Sought-After Product Type in the Market
According to FMI, the bakery ovens segment holds the largest market share of the bakery processing equipment market and it is likely to retain its dominance during the forecast period. This can be attributed to the rising adoption of various types of ovens including automatic deck ovens, convection ovens, conveyor ovens, steam ovens, etc. across various end-use industries.
Baking is the most important processing step in the bakery industry. For this purpose bakers use bakery ovens. Both heat and transfer phenomena take place simultaneously inside ovens triggering biochemical and physicochemical changes in baked products. Besides this, inhibit the growth of pathogens in products. Thus, the growing demand for baked goods across the world will continue to fuel sales of bakery ovens during the forecast period.
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To consolidate their position in the global market and increase their revenues, leading bakery processing equipment manufacturers are adopting strategies such as new product launches, mergers, acquisitions, partnerships, expansions, and collaborations.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 11.5 Billion |
| Projected Market Size (2033) | USD 21 Billion |
| Anticipated Growth Rate (2023 to 2033) | 6.2% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa(MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates(UAE) |
| Key Segments Covered | Product Type, End-User, Application, Region |
| Key Companies Profiled | GEA Group; Buhler; JBT Corporation; The Middleby Corporation; Heat and Control, Inc.; RHEON AUTOMATIC MACHINERY CO., LTD.; Ali Group; Baker Perkins; Makel Food Group; Anko Food Machine Co., Ltd; Gemini Bakery Equipment Company; Allied Bakery Equipment; Global Bakery Solutions; Erica Record LLC; Koenig Maschinen - The Bakers Crown |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 11.5 billion in 2023.
GEA Group, Buhler, and JBT Corporation are the key market players.
Bakery ovens remain the most sought-after product type in the market.
The market is estimated to reach USD 21 billion by 2033.
Rapidly growing population and expanding bakery industry triggering sales in China.
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Bakery Processing Equipment Market
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