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Albany, NY, April 11, 2019 (GLOBE NEWSWIRE) -- The global bakery processing equipment market depicts an intensified competition and has a robust vendor landscape, says by Transparency Market Research. This is majorly due to the presence of a large number of new companies that are actively working in the bakery processing equipment market. There are major organizations in the bakery processing equipment markets such as Baker Perkins Limited, ANKO Food Machine Co., Ltd, Heat and Control, Inc., Markel Food Group, and Meyer Industries, Inc.
In November 2018, a prominent producer of advanced process and baking systems, Reading Bakery Systems, has declared that it will collaborate with Incomec, a Belgium-based producer of popping and puffing machinery. This is due to delivering popped and puffing snack framework within the U.S. In this collaboration, Incomec will deliver Cerex and Pellex C+ Processors along with these, RBS will deliver the auxiliary machinery, which are needed. This machinery also includes seasoners, conveyors, and feeders. Furthermore, RBS will offer technical support and installation for the framework to support sales. Incomec provides two types of equipment based on the final product manufactured.
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According to TMR analysts, the global bakery processing equipment market is projected to grow at an impressive9% CAGR in the forecast period of 2018 to 2026 and reach US$ 23,441.7 mn by the end of 2026. Based on application, the bakery processing equipment market is segmented into pizza crusts, breads, cakes and pastries, cookies and biscuits, and desserts. Among these, bread is the most broadly used bakery products in the global bakery processing equipment market. On the basis of revenue, the global bakery processing equipment market for bread has been acquiring the maximum share since the past few years. Meanwhile the pizza crust category in the global bakery processing equipment market is projected to develop steadily. This is owing to the rising consumption of pizza as a most popular and preferred snack by global users.
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Geographically, North American is projected to lead the market with investments from numerous multinational producers. These producers are mainly from developed economy like the U.S. and Canada. On the other hand, Asia Pacific is expected to hold the maximum revenue share of the global bakery processing equipment market. The global bakery processing equipment market is growing due to a rising demand of processed bakery food items in developing and emerged economies comprising Thailand, China, India, and Indonesia.
Growing Per-Capita Incomes is a Boon for the Bakery Processing Equipment Market
There are some aspects such as rising middle-class population and growing per-capita incomes in emerging economies are boosting the bakery processing equipment market. Growing inclination of processed bakery food items and rising need for low fat, nutritional foods, gluten-free, and advanced flavors are driving the growth of the market. The bakery sector is fuelling the growth of the global bakery processing equipment market. Bakery processing equipment plays an essential part in the handling and processing of bakery items. Rising inclinations of consumers for portably packed food is backing the demand for bakery items. Therefore, rising demand for baked items is the prime aspect improving the growth of the global bakery processing equipment market in the forthcoming years.
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High Costs Involved in the Production to Deter Growth of the Market
The restraining factors such as shortage of raw materials and high expenses of transportation and packaging can hamper the bakery processing equipment market growth. Also, the carb levels and high sugar in the baked items is leading to health problems. However, the rising need for baked goods, bread, and pastries around the world due to busy lifestyles is driving the market. Also, increasing women workforce, growing disposable income and buying power, and rising improved and advanced in food industry drives the growth of confectionery and bakery food items. As a result, it contributes towards growth of the global bakery processing equipment market.
The study presented here is based on a Transparency Market Research report titled “Bakery Processing Equipment Market (Type - Bread Systems, Mixers, Ovens and Proofers, Divider and Rounders, Sheeter and Moulders, Pan Greasers, Depositors, Bread Slicers; Application - Breads, Cookies and Biscuits, Cakes and Pastries, Pizza Crusts, Desserts) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”
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The global Bakery Processing Equipment Market is segmented based on:
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