Bakery Processing Equipment Market Revenue to Surpass US$ 17.8 Bn by 2030 at 4.6% CAGR: Impact of COVID-19 Pandemic and Global Analysis by Business Market Insights

Bakery Processing Equipment Market Revenue to Surpass US$ 17.8 Bn by 2030 at 4.6% CAGR: Impact of COVID-19 Pandemic and Global Analysis by Business Market Insights

The Bakery Processing Equipment market crossed US$ 12.4 billion mark in 2022 and is expected to hit US$ 17.8 billion by 2030, recording a CAGR of 4.6% during the forecast period.

Increasing demand for convenience food products is surging the growth of Bakery Processing Equipment in the market. The growing need for convenience drives the processed food market because of the busy customer lifestyles. Moreover, the growth in per-capita income has resulted in increasing demand for on-the-go and ready-to-eat food items. This would lead to an increase in demand for bakery products. The market growth is projected to remain positive due to the high growth in the bakery industry. Customers also benefit from purchasing bakery products, as it is easy for them to consume, use, and store for a longer period of time.

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Key companies profiled in this research study are:

  • Gea Group AG
  • Buhler Holding AG
  • John Bean Technologies Corporation
  • Ali Group
  • Heat and Control, Inc.
  • The Automatic Machinery Co. Ltd
  • Meyer Industries Inc.
  • Baker Perkins Ltd.
  • Markel Food Group
  • Ancho Food Machine Co, Ltd.

Bakery Processing Equipment Market Segmentation:

By Product:

  • Mixers
  • Ovens & Proofers
  • Dividers
  • Pan Greasers
  • Depositors
  • Others

By Application:

  • Bread
  • Cookies & Biscuits
  • Cakes & Pastries
  • Others

Region

  • North America
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
  • Europe

Increasing demand for new products such as frozen bakery:

Frozen bakery products have grown in popularity based on factors such as ease of preparation and less time and cost efficiency, which they provide to other institutional outlets. There is an increase in demand for different types of frozen bakery products because of their wide tastes and applicability in Quick Service food chains and Restaurants. The Growing variety of international specialties in domestic food markets is an emerging trend in the global bakery processing equipment market. Crossover bakery products are gaining popularity as Some of these products, such as frozen bread, are experiencing customer preference over other frozen bakery products. The growing popularity of frozen bakery products has also compelled manufacturers and producers to boost production, leading to an increased demand for various types of bakery processing equipment.

Our Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology

The reports cover key developments in the Bakery Processing Equipment Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

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Major Features of Bakery Processing Equipment Market Report:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Bakery Processing Equipment Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Bakery Processing Equipment Market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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Published Tue, 29 Nov 2022 06:14:21 -0600

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