According to MarketsandMarkets, Bakery Equipment Market Estimated at approximately US$11.6 billion in 2021 and expected to reach approximately US$14.8 billion by 2026, at a compound annual growth rate of 5.1% as of 2021. Emerging markets in upcoming economies such as Asia Pacific and South America are It will be a potential market for bakery processing equipment manufacturers. Factors such as the increasing number of craft bakeries and quick service restaurants (QSRs) and the upgrading of technology in bakeries are expected to drive the growth of the bakery processing equipment market during the forecast period.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80040921
The demand for ultra-processed bakery products such as cakes, pastries, baked biscuits and other baked goods is high in developing and developed countries, such as the United Kingdom, China, India, Germany, the United States, Canada and Spain. Also, consumers are seeing a demand for healthier and less processed bakery products, which continue to increase, along with demand for artisan baked goods, eggs, allergen-free, sugar-free, non-dairy and organic. The trend to offer products that are lightweight, healthy, allergen-free, organic and contain whole grain ingredients is becoming mainstream. Consequently, many countries have a well-established bakery industry and are seeing a growing demand for premium and innovative bakery products such as pastries, chocolate- and sugar-coated cakes, chocolate- and sugar-coated cakes and chocolate tarts. Industries focus on offering bakery items to meet the increasing demand of consumers. The increasing preference for bakery products has increased the demand for bakery processing equipment globally.
On the basis of application, the market segmentation includes bread, biscuits, biscuits, cakes, pastries, pizza crusts, and other applications such as croissants, cakes, and pastries. The pizza crust segment is expected to grow at the highest compound annual growth rate of 5.8% in the global bakery processing equipment market to reach $1,844.5 million by 2026. Bread, biscuits, cakes and pastries are among the most widely consumed bakery products in various countries. North America and Europe are the largest consumers of bread and related products. As the consumption of bakery products like cakes, pastries and cakes increases in these regions, the demand for bakery products is expected to remain high during the forecast period.
Make an investigation: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=80040921
The bread segment is expected to experience significant growth due to the increasing preference for healthy breads, such as multi-grain and gluten-free bread. As customers become more health conscious, they are encouraged to choose gluten-free and low-carb bakery products, as opposed to traditional white bread. Bread is a staple food in many countries around the world. Thus, companies focus more on developing new and innovative products, which provide opportunities for growth. These factors are expected to increase the demand for bread making machines. In most countries, vegan bakery products are also in great demand from health-conscious consumers and vegetarians. Many vegetarian consumers prefer bread that does not contain meat or fat. For example, in September 2021, the Middleby Corporation (US) acquired Imperial Cooking Equipment (US) trading company which manufactures a range of fryers, ovens and countertop equipment for the production of various baking applications such as baking, biscuits, cooking, pizza crusts etc.