Lucintel Forecasts Bakery Processing Equipment Market to Grow at a CAGR of 4%-6%

According to the recent study the bakery processing equipment market is projected to grow at a CAGR of 4%-6% from 2020 to 2025. Growth in this market is primarily driven by increasing number of industrial & artisan bakeries and growing demand for processed bakery products with longer self-lives.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in bakery processing equipment market by type (mixers, ovens & proofers, and slicers), application (bread, cookies & biscuits, and cakes & pastries), end user (food service industry and bakery processing industry), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Ovens & proofers market is expected to remain the largest segment during the forecast period.”    

Based on type, the bakery processing equipment market is segmented into mixers, ovens & proofers, and slicers. Lucintel forecasts that the ovens & proofers is expected to witness the largest segment over the forecast period due to the cost-effectiveness of ovens and availability of various shapes and sizes of ovens to provide customization according to the demand of customers.

“Within the bakery processing equipment market, the bakery processing industry segment is expected to remain the largest end user.”   

Based on end user, the food and beverage segment is expected to witness the largest end user over the forecast period due to the usage of automated bakery machinery in industrial bakeries and smaller bakery equipment in artisanal bakeries.

“Asia Pacific will dominate the bakery processing equipment market in near future.”

Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to growing population, increasing income, rapid urbanization, and the hectic lifestyles of consumers in countries, such as China, India, and Japan.

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Major players of bakery processing equipment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. GEA, Bühler, John Bean Technologies, Heat and Control, Rheon Automatic Machinery, Baker Perkins,  Markel Food Group, Anko Food Machine, Gemini Bakery Equipment, and Allied Bakery Equipment are among the major bakery processing equipment providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/bakery-processing-equipment-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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