September 24, 2019
As per the new research report available at MarketStudyReport.com under the title, ‘Global Bakery Processing Equipment Market Research Report 2019’, the global bakery processing equipment market is expected to reach US $17200 million by the year 2025.
Bakery processing equipment (BPE) includes devices such as ovens and mixers which are used in the baking process. Increasing demand for processed food, along with the introduction of innovations in the field of baking will augment the bakery processing equipment market in the upcoming years.
According to the report, the BPE market is fragmented on the basis of product type, application, and regional terrain. Based on the product type, the market is segmented as ovens, dividers, molders, mixers, others. While as per the application spectrum, the bakery processing equipment market is split into pastries & cakes, biscuits & cookies, bread, pizza crusts, and others.
The global bakery processing equipment market was worth US $10100 million in 2018 and is projected to grow with a CAGR of 6.8% over the forecast period. Moreover, the report offers an in-depth understanding of the past & future trends, drivers, opportunities, and challenges influencing the growth of BPE market.
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Considering the geographical landscape, the BPE market is divided into four main regions including Japan, North America, China, and Europe. Based on the findings of the report, North America bakery processing equipment market held 34.8% revenue share in 2017, followed by Europe region. The regional contribution is on the account of high supply of advanced equipment from Europe and the U.S.
The prominent manufactures operating in the bakery processing equipment market include Welbilt, RATIONAL, Middleby, Sinmag, ITW Food Equipment, Ali Group, Markel Food, JBT Corporation, Rheon, Buhler, Wiesheu, GEA Group, MIWE, Rademaker, and WP Bakery. In terms of market players, Middleby accounted for 5.6% market share in 2017, followed by ITW Food Equipment and Welbilt.