Cibi e Bevande
Bakery Processing Equipment Market to Reach $18.7 Bn, Globally, by 2026 at 6.7% CAGR: Allied Market Research
PORTLAND, Oregon , Jan. 22, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, " " According to the report, the global bakery processing equipment industry was estimated at in 2018, and is expected to hit by 2026, registering a CAGR of during the forecast period, 2019–2026.
Fast paced lifestyle of consumers looking out for convenient food products, and high-end technological innovations fuel the growth of the global bakery processing equipment market. On the other hand, stringent government regulations and international quality standards curb the growth to some extent. Nevertheless, increase in demand for bakery products in the developing regions is expected to create a number of opportunities in the industry.
Based on product type, the ovens and proofers segment held the major share in 2018, generating nearly two-fifths of the global bakery processing equipment market. Wide range of bakery ovens are manufactured and designed using advanced technology and research that assure low fuel consumption, affordable prices, excellent volume, shine, texture, and crust. This factor has fueled the growth of the segment. The sheeters and molders segment, on the other hand, would grow at the fastest CAGR of 8.6% throughout the forecast period. Sheeters & molders influence the final shape and length of the dough piece which, in turn, propels the segment growth.
Based on application, the bread segment accounted for nearly two-fifths of the global bakery processing equipment market share in 2018, and is expected to retain its dominance by the end of 2026. Surge in demand for bread from food service sector as well as the retail segment drives the growth of the segment. Simultaneously, the cookies and biscuits segment would register the fastest CAGR of 9.0% during the study period. This is due to increase in demand for cakes & pastries, and rise in initiatives for new product launches.
Based on geography, Asia-Pacific , followed by Europe and North America , contributed to more than one-third of the global bakery processing equipment market revenue in 2018, and is projected to rule the roost till 2026. The same region is also expected to register the fastest CAGR of 7.8% throughout the estimated period. With most of the major players in the industry stressing on the innovation factor in the view of coming up with unique product type that meets the varying needs and requirements of its target customers, the Asia-Pacific market has got a strong boost.
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at
$699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
https://www.alliedmarketresearch.com/avenue/trial/starter
https://www.alliedmarketresearch.com/library-access
Packed Food Market: Opportunity Analysis and Industry Forecast, 2020-2027
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
+44-845-528-1300
+852-301-84916
+91-20-66346060
+1(855)550-5975
https://www.alliedmarketresearch.com
https://www.alliedmarketresearch.com/reports-store/life-sciences
https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg