According to a new report Global Bakery Processing Equipment Market, published by KBV Research, The Global Bakery Processing Equipment Market size is expected to reach $17.9 billion by 2025, rising at a market growth of 6.17% CAGR during the forecast period.
The ovens and proofers equipment sub-segment held the dominant market share in 2018. In the production of bakery products, ovens and proofers are used to a large extent. Molders and sheeters equipment category is projected to record the fastest CAGR. These types of machines are used for the production of bakery products of various shapes and sizes.
Among the application segments, the bread sub-segment attained a larger market share in 2018. During the forecast period, the segment is projected to grow at a significant growth rate of 4.92%. The application segment of cakes and pastries has grown exponentially due to increasing disposable income rapid urbanization, and demand for ready-to-eat food. Rising innovation in product offerings is expected to influence the demand over the forecast period grows at a CAGR of 5.91% during the forecast period.
The Asia Pacific emerged as the leading regional market, accounting for a major market share in 2018. The region is has been estimated to experience the fastest growth rate in the forecast period. Steadily increasing consumption of bakery products due to an increasing population, growing disposable income and rapid urbanization would further augment the regional growth. The North America market is expected to witness a CAGR of 5.1% during (2019 - 2025). Additionally, The Europe market is poised to witness a CAGR of 5.8% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/bakery-processing-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of GEA Group AG, Buhler Group, MiddleBy Corporation, Ali Group, Baker Perkins Ltd., Heat and Control, Inc., Rheon Automatic Machinery Co. Ltd., Gemini Bakery Equipment Company, Global Bakery Solutions Ltd. and Allied Bakery Equipment & Machine Co., Inc.
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