Bakery Processing Equipment Market Expected to Value USD13.4bn by 2030

A recent report by Verified Market Research estimates that the global Bakery Processing Equipment Market size was valued at USD8.831bn in 2021 and is projected to reach USD13.44bn by 2030, growing at a CAGR of 4.78% from 2023 to 2030.

Bakery processing equipment is a primary component of the manufacturing of bakery products like bread, cookies, cakes, pastries, pizza, biscuits, donuts, and many more. A typical bakery includes production stages such as baking, mixing, molding, enrobing, cooling, and extrusion.

The growth of the fast food industry and demand for fast food products such as sandwiches, pizzas, burgers, etc. due to the busy and fast-paced lifestyle in developed and developing countries, has propelled the market for bakery processing equipment.

Besides fast food products, the demand for classic bakery products such as rolls, muffins, teacakes, scones, croissants, bagels, etc. has also significantly gone up. The use of automation and robotic systems has greatly helped companies in reducing the overall cost of production and the cost spent on manual labor. The growth of the global population is expected to contribute to the market growth of bakery processing equipment.

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers.

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