Overview of the global bakery confectionary machinery market
Market research analysts at Technavio predict that the global bakery confectionary machinery market will grow steadily over the next four years and post a CAGR of almost 7% by 2020. This market research analysis identifies the growing demand for organic bakery products as one of the primary growth factors of the confectionary and bakery equipment market. The increasing awareness of the nutritional value and health benefits have significantly increased the demand for organic bakery products across the world. It has been observed that the organic food market will post a staggering revenue of more than USD 80 billion by the end of 2016. This increased demand for organic products will compel the need for capacity expansion, in turn, propelling the demand for bakery and confectionary packaging and processing machinery.
One of the major trends that will gain traction in the bakery and confectionary equipment market is the increased demand for multipacks and small-sized packs. The rise in the number of single-person households has resulted in increasing the demand for multipack and small pack sizes as they offer opportunities for easy brand switching. Moreover, the increasing number of merchants who prefer packaging that uses less shelf space to entice consumers to try new products also creates the demand for small-sized packs. With the demand for in-store bakeries on the rise, retailers will also start offering bakery products in smaller portions, which will again demand the need for new packaging machinery.
Competitive landscape and key vendors
The bakery and confectionery packaging machinery market consists of a number of well-diversified international, regional, and local vendors and appears to be highly fragmented. Though the market witnesses the emergence of a number of local vendors, they find it extremely difficult to compete with the international vendors in terms of quality, durability, and reliability. The bakery and confectionery processing machinery market is characterized by the presence of several international vendors who are focusing on increasing their customer base in the emerging markets such as APAC, Latin America, and Africa. Vendors in this market segment compete on the basis of factors such as product performance, aftersales services, price, and technical innovation. An increase in product extensions, technological innovations, and M&A will intensify the level of competition among the existing confectionary and bakery machinery manufacturers.
The leading vendors in the market are -
- Anko Food Machine
- Bosch Packaging Technology
- Buhler
- GEA Group
The other prominent vendors in the market are ARPAC, Baker Perkins, JBT Corporation, JSC SPE firm, Voskhod, Marlen International — a Duravant Company, Rademaker BV, Sama Engineering, The Henry Group, VELTEKO, and WeighPack Systems.
Segmentation by product type and analysis of the bakery confectionary machinery market
During 2015, the bakery and confectionery processing machinery segment accounted for the major market shares and dominated this industry. The rise in demand for baked products such as cakes and pastries, biscuit, and breakfast cereals will increase investments towards the construction of new plants and the expansion of existing plants, which will consecutively propel market growth.
Geographical segmentation and analysis of the bakery confectionary machinery market
This market research and analysis predicts that APAC will be the major revenue contributor to the market throughout the predicted period. Factors such as urbanization, the increase in disposable incomes, and organized retailing will drive the growth of the packaged food market in this region, in turn boosting the sales of bakery and confectionery machinery.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global bakery confectionary machinery market?
- What are the key market trends impacting the growth of the global bakery confectionary machinery market?
- What are the challenges to market growth?
- Who are the key vendors in the global bakery confectionary machinery market?
- What are the market opportunities and threats faced by the vendors in the global bakery confectionary machinery market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global bakery confectionary machinery market?
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