Innovations in the bakery processes have led to the development of highly advanced bakery supplies, equipment, tools and techniques to simplify the production along with meeting the overwhelming demand. According to a report by Global Market Insights Inc., global bakery processing equipment market size is expected to surpass USD 11 billion by 2025.
Bakery processing equipment demand, in essence, is driven by the growing consumption for processed food worldwide. Evolving eating habits especially in the developing nations where more women are now working has surged the sales of packaged food and frozen bakery products.
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In terms of geographical expansion, the fast-growing food & beverage sector in North America has contributed immensely towards boosting the remuneration scale of the global bakery processing equipment industry. There has been consistent adoption of highly advanced equipment to meet the massive bakery demand by leading food processing companies. According to reports, in 2018 the North America bakery processing equipment market share was estimated at USD 1.5 billion.
According to American Bakers Association, the baking industry in the U.S. has an economic impact of nearly USD 153 billion. The U.S. government has levied strict rules and regulations to ensure food safety across the country. The change in consumer pattern towards healthy food consumption has led to enhanced bakery products such as multigrain cookies, wheat bread, among several others. U.S. food safety association has set up separate departments to monitor the safety and quality of food. The growing demand for safe and innovative bakery products along with stringent safety norms will reinforce North America bakery processing equipment market size.
According to Federation of Bakers Ltd., the UK bread industry is valued at around 3.8 billion pounds annually, employing a large number of people to meet the growing supply across the nation. The average bread consumption in the region per year is around 50 kg per person. Amplifying demand for bread will positively influence bakery processing equipment market outlook.
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With the rising consumption of packaged food worldwide, the demand for frozen bakery products have also risen. In developing countries like India, where according to reports the processed food market accounts for 32% of the total food sector, manufacturing of frozen food products has accelerated considerably. A rise in demand for frozen food in other emerging economies will undoubtedly foster the demand for bakery supplies and equipment worldwide. Another key factor will be bread production, as the consumption of bread has gained momentum all over the world.
Over the past few years, bakery processing equipment market trends have witnessed a steady transformation, owing to the increasing innovations in bakery products such as cookies, pies and crackers globally. Continuous changes in consumer lifestyles create a heavy demand for on-the-go food products, especially bakery items, driving the expansion of food processing businesses and fueling bakery processing equipment industry share over the forecast timeframe.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.