Regional and country-level analysis and forecasts of the Asia-Pacific Bakery Processing Equipment Market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped
According to the report “Asia-Pacific Bakery Processing Equipment Market By Type (Dividers, Ovens & Proofers, Sheeters & Molders, Mixers, Others), Application (Cookies & Biscuits, Pizza Crusts, Cakes & Pastries, Bread, Other Bakery Products), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Asia-Pacific Bakery Processing Equipment Market has been estimated at USD 3.06 billion in 2016 and is projected to reach USD 4.41 billion by 2021, at a CAGR of 7.6 % during the forecast period from 2016 to 2021.
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The Asia-Pacific Bakery Processing Equipment Market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the Increased preference for portably packed food portions and increasing demand for innovative flavours.
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.
Rising disposable incomes in developing nations expanding middle-class population are some of the factors driving the market. Increased preference for portably packed food portions and increasing demand for low-fat, gluten-free, nutritional foods and innovative flavours 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.
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The Asia-Pacific Bakery Processing Equipment Market is categorized on the basis of Type and Application. The market segmentation based on type is done into Dividers, Ovens & Proofers, Sheeters & Molders, Mixers, others.
Under Equipment types, Sheeters & Molders segment dominate the market in terms of value and is also projected to grow at higher CAGR than rest of the equipment types. Based on Application, the market is segmented into Cookies & Biscuits, Pizza Crusts, Cakes & Pastries, Bread, other bakery products.
The Bread sector accounted for the greatest market share based on Application due to bread being the choicest product in the world. Pizza Crusts segment is expected to grow at highest CAGR owing to the increased consumption of pizza worldwide.
On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea. The market is driven by increasing consumption of bakery products in emerging countries like India and China.
The major companies dominating the Asia-Pacific Bakery Processing Equipment Market
- Ali Group S.p.A
- Buhler holding AG
- GEA Group AG
- JBT Corporation
- Heat and Control, Inc
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