Bakery Processing Equipment Market Worth over USD11bn by 2025

Bakery processing equipment market is set to grow from its current market value of more than USD7bn to over USD11bn by 2025, according to a new research report by Global Market Insights.

Over the past few years, bakery processing equipment market trends have witnessed a steady transformation, owing to the increasing innovations in bakery products such as cookies, pies and crackers, globally.

Sheeters and molders are amongst the most widely used bakery equipment tools owing to their capability to shape doughs of all sizes reliably and efficiently.

With the rising consumption of packaged food worldwide, the demand for frozen bakery products has also risen. In developing countries like India, where according to reports the processed food market accounts for 32% of the total food sector, manufacturing of frozen food products has accelerated considerably. A rise in demand for frozen food in other emerging economies will undoubtedly foster the demand for bakery supplies and equipment worldwide. Another key factor will be bread production, as the consumption of bread has gained momentum all over the world.

The American Bakers Association in collaboration with Grain Foods Foundation celebrates National Bread Month with an aim to educate consumers about the various health benefits associated with the consumption of grain foods. On the other hand, the European Union is witnessing high consumption levels of bread.

According to the Federation of Bakers Ltd., the UK bread industry is valued at around GBP3.8bn annually, employing a large number of people to meet the growing supply across the nation. The average bread consumption in the region per year is around 50 kg per person. Amplifying demand for bread will positively influence bakery processing equipment market outlook.

In terms of geographical expansion, the fast-growing food & beverage sector in North America has contributed immensely towards boosting the remuneration scale of the global bakery processing equipment industry. There has been consistent adoption of highly advanced equipment to meet the massive bakery demand by leading food processing companies. According to reports, in 2018 the North America bakery processing equipment market share was estimated at USD1.5bn.

According to the American Bakers Association, the baking industry in the U.S. has an economic impact of nearly USD153bn. The U.S. government has imposed strict rules and regulations to ensure food safety across the country. The change in consumer pattern towards healthy food consumption has led to enhanced bakery products such as multigrain cookies, wheat bread, among several others. U.S. food safety association has set up separate departments to monitor the safety and quality of food. The growing demand for safe and innovative bakery products along with stringent safety norms will reinforce the North American bakery processing equipment industry size.

Equipment demand, in essence, is driven by the growing consumption for processed food worldwide. Evolving eating habits, especially in the developing nations where more women are now working, has surged the sales of packaged food and frozen bakery products.

Innovations in the bakery processes have led to the development of highly advanced bakery supplies, equipment, tools and techniques to simplify the production along with meeting the overwhelming demand. According to a report by Global Market Insights Inc., global bakery processing equipment market size is expected to surpass USD11bn by 2025.