The Bakery Processing Equipment industry in North America is segmented by type and Application.
According to a new market research report, the North America Bakery Processing Equipment Market expected to reach USD 3.31 billion by 2021 from USD 2.24 billion in 2016, growing at a CAGR of 8.1 %.
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The Bakery Processing Equipment market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the consumers giving more preference to the healthy on the go breakfast and innovative flavors.
The bakery is a business that manufactures and sells flour-based foods baked in an oven like Cookies, bread, Cakes, Pastries, and Pies. Bakery Processing Equipment is used in the manufacturing, processing, and handling of Bakery Products.
Some of the essential bakery equipment include Dividers, Mixers, Ovens, and sheeters.
Some of the factors like rising disposable incomes and expanding middle-class population are driving the market. Increased preference for portably packed food portions and increasing demand for gluten-free, low-fat, innovative flavors and nutritional foods are also influencing the growth of the market.
But, the market growth can be constrained by factors like scarcity of raw materials along with high costs of packaging and transportation, and the high sugar and carb levels in the baked products which lead to health problems.
The North America Bakery Processing Equipment market is segmented by type and Application.
Based on type is done into Dividers, Ovens & Proofers, Sheeters & Molders, Mixers, others. The market share under equipment type was dominated by the Sheeters & Molders segment and is expected to grow even further.
Based on segmentation by Application the market is categorized into Cookies & Biscuits, Pizza Crusts, Cakes & Pastries, Bread, other bakery products. The segment bread, accounted for the biggest share in the market on the basis of Application due to bread being most used product in the world.
Pizza Crusts segment is projected to grow at higher CAGR than other applications owing to the increased consumption of pizza worldwide.
On the basis of geography, the North America market is analysed under various regions namely United States and Canada.
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Key market players of Bakery Processing Equipment Market in North America are Buhler holding AG, Ali Group S.p.A, JBT Corporation, GEA Group AG and Heat and Control, Inc.
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