Bakery Processing Equipment Market worth USD 15.5 Bn by 2022

MarketStudyReport.com adds “Global Bakery Processing Equipment Market by Manufacturers, Countries, Type and Application, Forecast to 2022” and “Global Industrial Bakery Processing Equipment Market 2018-2022” research reports to its store.

Selbyville, United States – July 3, 2018 /MarketersMedia/ —

The bakery processing equipment market is projected to grow from worth 9.6 B USD to reach 15.5 B USD by 2022 at a CAGR of 8.4% from 2016 to 2022. The major players are Middleby Corporation, Welbilt, ITW Food Equipment Group, Markel Food Group, JBT Corporation, Rheon, MIWE, Sinmag, Wiesheu, WP Bakery, Buhler, RATIONAL, GEA Group, Ali Group, Rademaker and etc.

Asia-Pacific accounted for the largest share for bakery processing equipment market, followed by North America and Europe. Countries in the Asia-Pacific, Latin American, the Middle East, and African regions are thriving in terms of the growing contribution of the bakery processing equipment toward the GDP with high levels of product development and marketing. The rising population levels have also created the demand for customized and luxurious bakery products globally. Increasing per capita disposable income in these regions is another driver for the bakery processing equipment industry.

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Bakery processing equipment products such as ovens & proofers and mixers are among the widely used products. Changing bakery products consumption pattern is one of the major factors driving the bakery processing equipment market. The sheeters & molders bakery processing equipment have been projected to lead the market in terms of value and is projected to grow at a comparatively higher CAGR than most bakery processing equipment types. Small-scale players have adopted new product development strategy for sheeters & molders to expand their businesses, globally, by investing in the development of R&D sectors to create and launch various new advanced products of this segment in the market.

In 2016, the bakery processing equipment market for bread application accounted for the largest share in terms of value. The pizza crust application of bakery processing equipment industry is projected to grow at a comparatively higher CAGR due to the increasing consumption of pizza as a preferred snack by customers worldwide.

The second report titled “Global Industrial Bakery Processing Equipment Market 2018-2022” – https://www.marketstudyreport.com/reports/global-industrial-bakery-processing-equipment-market-2018-2022 – forecasts a 7.04% CAGR for industrial bakery processing equipment during 2017 to 2022, as these are used for preparing bakery products such as cakes, desserts, muffins, and tortillas in a large scale. This report covers the present scenario and the growth prospects of the global market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of bakery processing equipment such as sheeters and molders, dividers and rounders, ovens and proofers, mixers and blenders, and others.

Geographically, this report covers Americas, APAC and EMEA regions, while talking about companies like Ali Grou, Baker Perkins, B’hler, GEA Group, Middleby Corporation and Markel . Rise in demand for frozen bakery products is one of the major industry bakery processing equipment market drivers according to this report. Introduction of new products is a major trend while high energy costs for bakery processors is a challenge discussed in this research. Few critical questions answered by this research cover: What will the market size be in 2022 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

Complete report titled Global Industrial Bakery Processing Equipment Market 2018-2022 can be ordered online at https://www.marketstudyreport.com/securecheckout/paymenta/1033654?msfpaycode=sumsf

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Source: MarketersMedia

Release ID: 370580