A process in which food is cooked by using prolonged dry heat mostly in the oven is called. Bread and cakes are main food which is baked. Meat is also can be baked. An enclosed space is needed for baking. Wood, coal, gas or electricity can be used as fuel. Different equipment called Dutch oven is also used for baking.
Bakery Processing Equipment Market Size & Growth:
Global bakery processing equipment size is accounted as USD XX billion in 2017 and expected to grow at a CAGR of 13.75% to reach14.75 billion by 2024 during the forecast period 2018-2024. Bakery processing equipment industry worth investing as it is one of the growing markets.
One of the major reasons for market growth is an increase in demand for bread, pastries industries. Another major factor for the growth of the market is there is increasing demand for frozen bakeries. Technology plays a very big role in the growth of the market. Advancement in the technology has led the growth of the market.
Growth in the Popularity of In-Store and Artisan Bakery Products that decreases the Sales of Industrial Bakery Products are the major factor for hampering the market growth. High Fixed Cost Involved in Upgradation and Maintenance of Equipment is one of the reasons for hindering the market growth. New Product Development has led the opportunity for market growth. Government Funds for Small and medium-sized enterprises and Technical and Marketing Support of Trade Associations will open the growth of the market. The thrust of Focus on Processing Food Products
Bakery Processing Equipment Market Share:
Regarding geography, the market is segmented into Asia Pacific, Europe, Middle East & Africa, North America, and South America. The Asia Pacific is said to have highest market share followed by Europe and North America. Bakery processing equipment is quite popular in Asia Pacific region, and because of urbanisation and high population, the market is growing in this region rapidly. Fastest growing market with high CAGR in North America, as technological advancement is done, and investors are more interested in investing in those market in North America especially in Canada and USA.
Regarding type, the market is divided into mixers, oven & proofers, dividers, sheeters and moulders and others. Oven and proofers segment has the largest market share in the type, as this is commonly used in bakery industries in the Asia Pacific, Europe, and North America. In term of the application, the market is segmented into cookies & biscuits, bread, pizza crust, cakes and pastries, and others. Bread segment has acquired the largest market share in application followed by the cakes and pastries market. In the daily meal where bakery item is used
Bakery Processing Equipment Market Trends:
Global Bakery Processing Equipment Research Report:
Along with these companies, there were many other companies considered/cited in the report while analysing the bakery processing equipment market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Starting from $2700
Starting from $2700
Starting from $2700
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