Enjoy complimentary customisation on priority with our Enterprise License!
The industrial bakery processing equipment market is estimated to grow at a CAGR of 6.84% between 2022 and 2027. The size of the market is forecast to increase by USD 3,315.12 million. The growth of the market depends on several factors, including a rise in demand for frozen bakery products, expansion of bakery processing plants, and the development of new designs allowing equipment flexibility.
This report extensively covers market segmentation by end-user (bakery processing industry and food service industry), product (ovens and proofers, mixers and blenders, sheeters and molders, dividers and rounders, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
Technavio categorizes the global industrial bakery processing equipment market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The rise in demand for frozen bakery products is notably driving market growth, although factors such as the existing market for used and refurbished equipment may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Industrial Bakery Processing Equipment Market Driver
The rise in demand for frozen bakery products is notably driving the market growth. Globally, the increase in demand for various convenience food products led to the rise in demand for frozen bakery products like frozen bread, frozen cake and pastries, frozen pizza crust, waffles, donuts, and cookies. The global change in lifestyle and dietary habits leads to an increase in the acceptance of food products such as frozen bakery products.
Freezing retains the freshness and quality of bakery products. The preference of consumers for nutritious and appealing products with long shelf lives, enhanced taste, and quality has also increased the demand for various frozen bakery products. The high demand for ready-to-bake and ready-to-thaw frozen bakery products will also fuel the growth of the market. Frozen pizza products are one of the most popular products among customers, and it includes frozen pizzas and frozen pizza crusts. Globally, the growth of supermarkets and bakery establishments has resulted in an increase in demand for consumer-ready frozen bakery products. Therefore, such factors may fuel the growth of the global market during the forecast period.
Significant Industrial Bakery Processing Equipment Market Trend
The introduction of new products is an emerging trend in the market. To gain a competitive edge over contenders, vendors are investing in the development of new products. Also, vendors operating in the market are forming strategic partnerships with peers or acquiring other vendors to expand their market. Market participants are opting for these partnerships and acquisitions for access to new clients. It also helps market players to gain access to new production techniques that can help them to improve their products.
Many times, these partnerships and acquisitions also help market players to expand their geographic footprints. Some major vendors in the global market have been trying to improve their competitive advantage in the market by introducing new products with advanced features. For example, in November 2020, Schenck Process Holding GmbH acquired Baker Perkins, a UK-based global provider of food processing equipment and aftermarket services for the bakery, confectionery, food extrusion, breakfast cereal, pet food and biscuit, and cookie and cracker end-markets. Hence, such factors will positively impact the growth of the market during the forecast period.
Major Industrial Bakery Processing Equipment Market Challenge
The existing market for used and refurbished equipment is a major challenge impeding the market. Most bakery processing companies prefer high-end processing equipment to ensure the quality of output and to enhance productivity. But, some small-scale manufacturers with limited capital may prefer to spend on used or refurbished equipment as it decreases their expenditure, thereby increasing overall profitability.
Used and refurbished machines are widely available in the market at moderate prices. Some major vendors of bakery processing equipment, such as pro-Bake, and Koenig, also offer used machines. Some vendors, such as Prestige Industrial Bakeware, offer refurbished or re-engineered equipment. Some third-party suppliers such as Brook Food, Lehman Sales Associates, All Food Equipment, Hilco, Frain Industries, Special Projects International, and Danish Industrial Equipment also offer pre-used bakery processing equipment. The increase in the availability of used and refurbished equipment may encourage small bakery processors to buy these products. It may reduce sales of new equipment from industrial bakery processing equipment manufacturers, thereby affecting the overall growth of the market.
Key Industrial Bakery Processing Equipment Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Industrial Bakery Processing Equipment Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Erika record LLC - The company operates under one segment. The company under this segment is involved in offering the manufacturing and distribution of retail and commercial baking equipment within the North American region. The key offerings of the company include MONO Gemini two-row continuous divider which is used for bread and roll production.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the bakery processing industry segment will be significant during the forecast period. Equipment for preparing the dough and handling baked goods made from dough is used in bakeries.
Get a glance at the market contribution of various segments Request a PDF Sample
The bakery processing industry segment was valued at USD 5,991.67 million in 2017 and continued to grow until 2021. Over the projected period, it is anticipated that there will be an increase in demand for packaged food items, including frozen meals, snack foods, and ready-to-eat food products, due to their convenience and shelf life. Food manufacturers are focused on offering new food products on the market due to shifting consumer tastes and lifestyles. The complexity of production is further increased by these recent product introductions, which are geared toward meeting the shifting consumer demand for taste, flavor, and nutrients. This is expected to increase demand for industrial bakery processing equipment, which can handle a range of materials and serve many purposes across the production line. Hence, such factors will positively affect the growth of the market segment during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
North America is estimated to contribute 31% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is Europe. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The increase in demand for convenient food among consumers, primarily the young generation across Europe, led to a rise in demand for various food products such as bakery products. Countries such as Germany, Italy, and France have a significantly large bakery industry. The market participants are developing new and advanced industrial bakery processing equipment to reduce carbon emissions and enhance the overall productivity of the baking process. Furthermore, consumers in the region are demanding whole-grain bakery products, which is also boosting the demand for bakery processing equipment to increase production.
COVID-19 in 2020 negatively impacted the growth of the market in North America. However, large-scale vaccination drives and the resumption of food processing operations stabilized the growth of the market in 2021. The supply chain was restarted, which positively impacted the growth of the regional market in focus. Furthermore, the expansions of bakery processing plants will also boost the growth of the regional market. Thus, these factors will boost the regional market growth during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Industrial Bakery Processing Equipment Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
168 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.84% |
|
Market growth 2023-2027 |
USD 3,315.12 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
6.6 |
|
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 31% |
|
Key countries |
US, China, Japan, Italy, and Germany |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Ali Group Srl, Allied Bakery Equipment and Machine Co. Inc., ANKO Food Machine Co. Ltd., Buhler AG, Colom Bakery Equipment SL, Erika record LLC, FRITSCH Bakery Technologies GmbH and Co. KG, GEA Group AG, Gemini Bakery Equipment Co., Global Bakery Solutions Ltd., Heat and Control Inc., Industrial Bakery Line Srl, John Bean Technologies Corp., Koenig Maschinen GmbH, Markel Corp., Peerless Food Equipment, Rademaker BV, Schenck Process Holding GmbH, The Middleby Corp., and Wilkinson Baking Co. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
