Study: Bakery processing equipment market to reach $11B by 2025
The increasing consumption of baked goods across the globe is driving the bakery processing equipment market growth.
The bakery processing equipment market is expected to exceed $11 billion by 2025, according to a new research report by Global Market Insights, Inc., Shelbyville, Del.
The increasing consumption of baked goods across the globe is driving the bakery processing equipment market growth, and the demand for frozen bakery products continues to increase in emerging economies such as China, India and Brazil.
In terms of geographical expansion, the fast-growing food and beverage sector in North America contributed toward boosting the remuneration scale of the global bakery processing equipment industry. For example, in 2018, the North America bakery processing equipment market share was estimated at $1.5 billion.
According to American Bakers Association, Washington, D.C., the U.S. baking industry is experiencing an economic impact of nearly $153 billion.
The demand for ovens and proofers is increasing in commercial bakeries due to their efficient heating and baking capabilities and the ability to maintain ideal temperature.
The growing consumption of healthier bakery products that contain low levels of calories, sugar and fat in Canada and the United States are also driving market growth. Likewise, equipment manufacturers are developing hygienic machines to ensure maximum food safety across the region.