Bakery Equipment Market Revenue Will Exceed $17.8 Billion
That Bakery Machinery Market surpassed US$12.4 billion in 2022 and is expected to reach US$17.8 billion by 2030, growing at a CAGR of 4.6% over the forecast period.
The increasing demand for convenience food products is driving the growth of Bakery Processing Equipment in the market. The growing need for convenience is driving the processed food market due to the busy lifestyles of customers. In addition, growth in per capita income has led to an increasing demand for ready-to-eat food on the go. This would lead to an increased demand for baked goods. The market growth is expected to remain positive due to the high growth in the bakery industry. Customers also benefit from buying baked goods because they find them easy to consume, use and store for long periods of time.
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Key companies profiled in this research study are:
- Gea Group AG
- Buehler Holding AG
- John Bean Technologies Corporation
- Ali group
- Heat and Control, Inc.
- The Automatic Machinery Co.Ltd
- Meyer Industries Inc.
- Baker Perkins Ltd.
- Markel Food Group
- Ancho Food Machine Co.,Ltd.
Bakery Machines Market Segmentation:
- Ovens & Proofers
- pan greaser
- Biscuits & Cookies
- Cakes & Pastries
- North America
- Asia Pacific (APAC)
- South and Central America
- Middle East & Africa
Increasing demand for new products such as frozen bakery products:
Frozen baked goods are growing in popularity due to factors such as ease of preparation and less time and cost efficiencies that they offer other institutional outlets. Demand for various types of frozen bakery products is increasing due to their broad taste and applicability in quick-service food…