Bakery Processing Equipment Market is projected from 9.6 B USD

The bakery processing equipment market is projected from 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 market share for bakery processing equipment, 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 market.

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

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