Bakery Processing Equipment Market Size- KBV Research

NEW YORK - Jan. 24, 2020 - PRLog -- According to a new report Global Bakery Processing Equipment Market, published by KBV Research, The Global Bakery Processing Equipment Market size is expected to reach $17.9 billion by 2025, rising at a market growth of 6.17% CAGR during the forecast period.

The ovens and proofers equipment sub-segment held the dominant market share in 2018. In the production of bakery products, ovens and proofers are used to a large extent. Molders and sheeters equipment category is projected to record the fastest CAGR. These types of machines are used for the production of bakery products of various shapes and sizes.

Among the application segments, the bread sub-segment attained a larger market share in 2018. During the forecast period, the segment is projected to grow at a significant growth rate of 4.92%. The application segment of cakes and pastries has grown exponentially due to increasing disposable income rapid urbanization, and demand for ready-to-eat food. Rising innovation in product offerings is expected to influence the demand over the forecast period grows at a CAGR of 5.91% during the forecast period.

The Asia Pacific emerged as the leading regional market, accounting for a major market share in 2018. The region is has been estimated to experience the fastest growth rate in the forecast period. Steadily increasing consumption of bakery products due to an increasing population, growing disposable income and rapid urbanization would further augment the regional growth. The North America market is expected to witness a CAGR of 5.1% during (2019-2025). Additionally, The Europe market is poised to witness a CAGR of 5.8% during (2019-2025).

Structural Insights: https://www.kbvresearch.com/bakery-processing-equipment-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region.
Global Bakery Processing Equipment Market Segmentation

By Product

Oven & Proofers

Molders & Sheeters

Mixer & Blenders

Dividers & Rounder and

Other Products

By Application

Bread

Cakes & Pastries

Cookies & Biscuits

Pizza Crusts and

Other Applications

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Australia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

GEA Group AG

Buhler Group

MiddleBy Corporation

Ali Group

Baker Perkins Ltd.

Heat and Control, Inc.

Rheon Automatic Machinery Co. Ltd.

Gemini Bakery Equipment Company

Global Bakery Solutions Ltd.

Allied Bakery Equipment & Machine Co., Inc.