Global bakery processing equipment market is expected to reach USD 111,235.65 million by 2026 from USD 7,323.35 million in 2018, at a CAGR of 5.7% in the forecast period 2019 to 2026. The years considered for study are as mentioned below.
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Global bakery processing equipment market is an upcoming market which includes key players and local players. The market is growing owing to the favourable market scenario. The market has a prominent growth in upcoming years due to rising demand for bakery products, shifting preference towards multi-grain breads and growth of the global retail industry.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of bakery goods enriched with nutrients. For instance, In May 2018, Bettcher Industries introduced a new Automatic Coating System which helped in consistent breading perfection as compared to the traditional hand breading with more distinctive flavors than frozen pre-breaded menu products. This helped in expanding the product portfolio of the company.
Markel Food Group (Markel Corporation) dominated the bakery processing equipment market and accounts for the highest market share in 2018 which is followed by GEA Group Aktiengesellschaft, Buhler AG, JBT and The Middleby Corporation. The other key players existing in the market includes ALFA LAVAL, FRITSCH, Robert Bosch GmbH, Candy Worx, BONGARD, Silvestri S.r.l., Bettcher Industries, Inc., Aasted ApS, Global Bakery Solutions, Heat and Control, Inc., RHEON Automatic Machinery co. ltd., Baker Perkins, Markel Food Group (Markel Corporation), ANKO FOOD MACHINE CO., LTD., Gemini Bakery Equipment Company, The Henry Group, Inc., Precision Food Innovations (PFI), Mecatherm, Yoslon FOOD MACHINE UNION Co. LTD, GOSTOL-GOPAN d.o.o. Nova Gorica, LINXIS GROUP and others.
Markel Food Group (Markel Corporation):
Markel Food Group headquartered in Virginia, U.S. was founded in 1930. The company focuses on dealing with bakery equipment across the world. The company also provides high quality and innovative process solutions. The company deals with various categories Sweet Goods & Savory Food Products, Bread & Bun Products, Pretzels & Snacks, Prepared Handheld Foods and Canned Foods. The company is continuously engaged in developing the bakery processing equipment for production of bakery goods for instance,
In April 2019, AMF Bakery Systems announced that the United States Patent Office has awarded the company a new patent for the Pan Cleaner System and method. AMF’s Pan Cleaner is comprised of a supply system, an inverting system and a cleaning system. Such patents will help the company to reach new heights and achieve a great name in the market.
It has its global networks through direct sales representatives and distributors in the Asia, Europe, Latin America, North America and Middle East & Africa.
GEA Group Aktiengesellschaft:
GEA Group Aktiengesellschaft headquartered in Düsseldorf, Germany was founded in 1881. The company specializes in machinery, plants, as well as process technology and components for food processing technology and a wide range of other industries. The company mainly manages their operations through the two main operating segments such as Business Area Equipment and Business Area Solutions.
The product related to the bakery processing equipment market rose in Business Area Equipment segment. The revenue of the company increased from USD 5,201.71 Million in 2017 to USD 5,702.12 in 2018. The revenue generated by the market focused segment has increased by 7.4% from USD 2678.5 Million in 2017 USD 3103.2 million in 2018. There is a significant increase in the sales of Business Area Equipment by 7.4% in 2018 as compared to the previous year. The increased sales of pasta, extraction and product milling group and other food processing & separation equipments.
It has its global networks through direct sales representatives and distributors in Americas, Africa, Europe, Asia and Oceania. It operates through its subsidiaries such as GEA Process Engineering S.A. (Argentina), GEA Process Engineering Pty. Ltd. (Australia), GEA Process Engineering N.V. (Belgium), GEA Canada Inc. (Canada), GEA Food Solutions Denmark A/S (Denmark) and others.
Buhler AG headquartered in Uzwil, Switzerland was founded in 1860. The company is engaged in providing technology solutions to high value segments of the food processing and air transportation industries. The company has two operating divisions namely, Grains & Food and Advanced Materials. The Grains & Food increased its turnover by 9.2% to USD 2,200 million and the Advanced Materials increased by 5.6% to USD 705.88 million. The company offers different industry solutions such as Commodity Food, Universal Motor, Grinding & Dispersing, Die Casting, Processed Food, Renewable Energy, Feed, Insect Technology and Leybold Optics – Thin Film Coating. The R&D Expenditure of the company increased from USD 120.89 million to USD 147.94 million. In January 2018, Buhler AG acquired The Haas Group. The Haas Group company product portfolio is added to the Buhler AG such as wafer, cookies, bakeries and confectionary production systems. This helped the company to expand its business in Asia.
It has its global networks through direct sales representatives and distributors in the North America, Europe, South America, Asia, Europe and Middle East & Africa. The company has various subsidiaries such as Haas Food Equipment GmbH (Austria), Bühler Deutschland Holding GmbH (Denmark), Buhler US Holding Inc. (U.S.), Haas Colombia S.A.S. (Colombia), Buhler (Thailand) Limited (Thailand) and others.
Global Bakery Processing Equipment Market – Industry Trends - Forecast to 2026
Asia-Pacific Bakery Processing Equipment Market – Industry Trends - Forecast to 2026
Europe Bakery Processing Equipment Market – Industry Trends - Forecast to 2026
Middle East - Africa Bakery Processing Equipment Market – Industry Trends - Forecast to 2026
North America Bakery Processing Equipment Market – Industry Trends - Forecast to 2026