The bakery processing equipment market size is estimated to be valued at USD 8.9 billion in 2020 and is projected to reach USD 11.4 billion by 2025, recording a CAGR of 5.0% during the forecast period. The demand for bakery processing equipments is increasing significantly, due to the increasing consumption of bakery products in developing countries such as China, India, South Africa and Brazil.

Key players in this market include GEA Group AG (Germany), Bühler (Switzerland), John Bean Technologies Corporation (US), Heat and Control (US), Rheon Automatic Machinery (Japan), Baker Perkins (UK), Markel Food Group (UK), Anko Food Machine (Taiwan), Gemini Bakery Equipment (US), Allied Bakery Equipment (US), Global Bakery Solutions (UK), Erika Record LLC (US), Nestlé SA (Switzerland), Bimbo Bakeries (US), Mondelez International (US), General Mills (US), Kellog Company (US), Post Holdings (US), Aryzta (Switzerland), Flower Foods (US), Rich Products (US), Synder’s Lance (US), Pepsico (US), Conagra Foods (US), Franz Family Bakeries (US).

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Market Dynamics

Drivers: Increasing Number of Artisan Bakeries and QSRs

The retail food industry has witnessed significant growth in the past few years globally. The growth in the Asian market can be attributed to Foreign Direct Invesment, domestic conglomerates, and government investments. Quik-service restaurants (QSRs) are growing rapdily and they are focused on improving customer experience. Installing automated bakery equipment helps them improve their overall productivity. Moreover, the online food ordering trend has led foodservice players to adopt machines and systems that can provide quick baking experience.

Artisan bakeries are also becoming popular due to the increasing demand for fresh bread and other bakery products. the increasing number of in-store bakeries, such supermarket and hypermarkets, is also driving the overall bakery processing equipment market.

Restraints: High Fixed Cost and Maintenance of Equipment

Established food processors, inlcuding bakery manufacturers, require high capital invesmtents to install to machines lines to manufacture specific or new bakery products. Although, replacing old machinery increases the efficiency, but at the same time it also affects the fixed cost structure of the company. The installation of new machineries involves high installation costs and timely maintenance costs. Small andn medium-scale manufacturers are not equipped to invest such high amounts in the installation of bakery processing equipments.

Opportunities: Investment in Technological Upgradation

Bakery processing industry has recently witnessed technological adavcnement in the bakery processing equipment assemble line. This has further supported the large-scale production of complex and innovative bakery products, thereby cutting the capital manufacturing costs. The key players in the market are adopting new technologies, which includes WP intelligent Energy Control (IEC), Automated Spray Systems, and reflective coatings. This opens up the opportunity for innvoative designs, simpler procedures, time effective production, and capacity enhancement.

Challenges: Lack of Infrastructural Support in Emerging Markets

The market faces the challenge of lack of infrastructural support in the emerging countries. In these emerging economies, areas such as cold chain and transportation facilities requires investment to improve the growth of food processing industry. Although, the material cost and labor costs are low, the investment costs pose a bigger challenge.

The bakery processing industry segment is estimated to dominate the global market in 2020

By end user, the bakery processing industry segment is estimated to dominate the global market in 2020. The key countries in this market include Germany, Italy, France, Switzerland, Spain, and Japan. In recent years, China is being observed as an emerging country in the bakery processing equipment market due to the growing demand for specialized and innovative bakery products. The industrial bakeries use automated bakery machinery, while artisanal bakeries use smaller bakery equipment. Thus, even with a small production volume of bakery foods, these mini-enterprises survive without any difficulties due to the growing demand for bakery processing equipment.

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The ovens & proofers segment is estimated to account for the largest share in the bakery processing equipment market in 2020

By type, the oven & proofers segment is estimated to account for the largest share in the market in 2020. Ovens & proofers are bakery equipment that are mainly used for the production of bakery products. An oven is an enclosed cavity, in which the dough or the baking batter is heated, baked, and transformed into bread, cookies, or other bakery products. Manufacturers are providing ovens in various shapes and sizes to meet the various requirements of customers around the world, as per the recent market and consumption trends. The baking equipment companies are focusing on utilizing innovative and new technologies for proofing the bread and bakery products in the European region.

The Asia Pacific is estimated to dominate the bakery processing equipment processing market in 2020

The Asia Pacific is estimated to account for the largest market share in the bakery processing equipment processing market in 2020. This market is driven by the growing demand for processed food products in developing countries such as India, China, and Australia. In the Asia Pacific region, China was the largest market for bakery processing equipment in 2019. The growth of the industries in the region over the years, followed by improvements in the bakery industry, has created new opportunities for the manufacturers in the bakery processing equipment market. The growing middle-class population of the region, with increasing disposable income, and demand for bakery items that offer on-the-go consumption, are driving the growth of the bakery processing equipment market. The per capita consumption of bakery processing equipment in the Asia Pacific region is driven by emerging economies such as China, India, and Indonesia.