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.
