CHICAGO — According to the new market research report “Bakery Processing Equipment Market by Type (Mixers, Ovens & Proofers, Slicers), Application (Bread, Cookies & Biscuits, Cakes & Pastries), End User (Foodservice Industry and Bakery Processing Industry) and Region – Global Forecast to 2023″, published by MarketsandMarkets™, the Bakery Processing Equipment Market is estimated to account for nearly USD 8.0 billion in 2018 and is projected to reach a value of nearly USD 10.3 billion by 2023, growing at a CAGR of 5.2% from 2018. The growth of the bakery processing equipment market is attributed to the increasing trade of food processing equipment among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Bakery processing equipment helps in transforming raw ingredients into baked items through various physical and chemical techniques. The bakery processing equipment market is witnessing significant growth due to the increasing consumption of bakery products in developing countries such as India, China, South Africa, and Brazil, compelling manufacturers to increase production.
By end user, the bakery processing industry segment is estimated to account for the largest share in the bakery processing equipment market in 2018.
On the basis of end user, the bakery processing industry segment is estimated to dominate the bakery processing equipment market in 2018. In recent years, China is being observed as an emerging country in the bakery processing equipment market due to the growing demand for specialized and innovative bakery products. The industrial bakeries use automated bakery machinery, while artisanal bakeries use smaller bakery equipment.
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