Bakery Processing Equipment Market to Reach $20.36 Billion with a CAGR of 7.7% by 2029
21 Jan, 2025
What Has Been the Growth Trend in the Bakery Processing Equipment Market?
The Bakery Processing Equipment Market has experienced a steady rise in recent years.
• In 2024, the market size was valued at $14.04 billion, growing to $15.12 billion in 2025, presenting a compound annual growth rate (CAGR) of 7.6%.
This growth trajectory has been primarily driven by increased consumer demand for bakery products, the adoption of automation in bakery operations, the expansion of bakery chains and retail outlets, the rise in demand for diverse and specialty baked goods, and a focus on enhanced efficiency and productivity in bakery production.
What Will be the Growth Projection for the Bakery Processing Equipment Market?
The bakery processing equipment market will see accelerated growth in the coming years.
• The market size is set to reach $20.36 billion in 2029, with a CAGR of 7.7%.
The prospective growth will be fueled by the adoption of energy-efficient and sustainable equipment, market growth in emerging economies and urbanization, customization of equipment for artisanal and niche bakeries, the rising popularity of online and direct-to-consumer bakery sales, and emphasis on product differentiation and unique baked creations. Prevailing trends such as innovation in gluten-free and allergen-friendly baking solutions, digitalization and industry 4.0 integration, automation in proofing and fermentation, efficient dough handling and mixing solutions, and hygienic design will add momentum to this growth.
What are the Key Market Drivers for the Bakery Processing Equipment Market?
Increasing consumption of bakery products is anticipated to power the growth of the bakery processing equipment market. Distinct bakery processing equipment is used to create different baking products. For instance, in November 2023, according to Agriculture and Agri-Food Canada (AAFC), France led the supply of baked goods to the U.K. with exports valued at US$548.0 million (15.2% market share) and followed by Belgium with exports valued at US$475.6 million (13.2% market share). The U.K. ranked as the second-largest global market for baked goods, with imports totalling US$3.6 billion that year. The escalating consumption of bakery products is driving growth in the bakery processing equipment market.
What are the Market Segments in the Bakery Processing Equipment Market?
The bakery processing equipment market is segmented as:
1) By Type: Mixers, Ovens & Proofers, Slicers & Dividers, Sheeters & Molders, Depositors & Pan Greasers
2) By Mode Of Operation: Automatic, Semi-Automatic
3) By Application: Bread, Cakes & Pastries, Cookies & Biscuits, Pizza Crusts, Other Applications
4) By End-User: Bakery Processing Industry, Foodservice Industry
What are the Market Trends in the Bakery Processing Equipment Market?
Strategic collaborations between companies are enhancing their presence in the bakery processing equipment market. For instance, in October 2023, Rademaker, a Netherlands-based company specializing in the development of bakery systems, inked a pact with Form & Frys, a company specializing in folding, forming, and filling equipment. As a result, Rademaker became the exclusive supplier of Form & Frys equipment in major markets, including the UK, Ireland, Germany, France, Austria, Switzerland, the US, and Canada.
Which are the Key Players in the Bakery Processing Equipment Market?
Leading companies in the bakery processing equipment market include:
• GEA Group Aktiengesellschaft
• Bühler AG
• JBT Corporation
• The Middleby Corporation
• Heat and Control Inc.
• Rheon Automatic Machinery Co. Ltd.
• Ali Group S.p.A.
• Baker Perkins Holdings Limited
• Markel Corporation.
• Anko Food Machine Co. Ltd.
Which is the Largest and Fastest-Growing Region in the Bakery Processing Equipment Market?
In 2024, Asia-Pacific was the largest region in the bakery processing equipment market and is projected to be the fastest-growing region over the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.