The bakery processing equipment market will account for nearly US$11.6 billion in 2021 and will reach a value of nearly US$14.8 billion by 2026, ResearchAndMarkets reports. The bakery processing equipment market is mainly impacted by innovations, as manufacturers are continually introducing new processing techniques to produce complex bakery products, focusing on catering to increasing demand from the processed food industry and changing consumer demands.
The market in the APAC region is projected to witness the highest growth between 2021 and 2026. Industrial growth in the region over the years, followed by improvements in the bakery industry, has created new opportunities for the bakery processing equipment market. The growing middle-class population in the region, increasing disposable income and demand for bakery items that offer on-the-go consumption are driving growth of the market. Per capita consumption of bakery processing equipment in this region is increasing due to emerging economies such as China, India and Indonesia.
A large number of bakery companies have expanded their manufacturing facilities in these countries which has also driven the market.
The market is segmented into automatic and semi-automatic modes of operation. Based on mode of operation, the automatic segment is projected to record the highest growth in the market between 2020 and 2025.
International manufacturers are offering complete turnkey solutions that can conduct pre-processing and actual processing operations and packaging of food products. Due to the availability of automated and integrated processing lines, proper control of the production process can be achieved. Fully automatic processing lines “form a critical part” of manufacturing units, according to the report.
Challenges in the market come from local manufacturers offering consumers low-cost products, lack of infrastructural support in the emerging markets and fluctuation in the prices of raw material and energy. These factors are all expected to hinder the growth of the market, as well as the high installation cost of equipment and maintenance of wastewater in a bakery production line.
Read more latest industry news and developments in our free to download magazine.
Media contact
Editor, International Bakery
Tel: +44 (0) 1622 823 920
Email: [email protected]
