Bakery Equipments: Global Market Intelligence (2023-2030)

REPORT OBJECTIVES

The report "Bakery Equipments: Global Market Intelligence (2023-2030)" provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2023-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

The global bakery equipments market is expected to grow at a CAGR of more than 7% from 2023 to 2030. he global bakery equipment market is expected to experience significant growth in the coming years, driven by several factors. One of the main drivers is the increasing demand for baked goods, such as bread, cakes, and pastries, particularly in developing countries. As consumers become more health-conscious and look for healthier alternatives to traditional snacks, baked goods have become a popular choice. This trend is expected to continue in the future, driving the demand for bakery equipment. The growing popularity of artisanal and specialty baked products is also driving the demand for bakery equipment. Consumers are increasingly looking for unique and high-quality baked goods, such as gluten-free and organic products. As a result, bakeries are expanding their product lines to meet these demands, creating a need for specialized equipment. This trend is expected to continue as consumers become more discerning about the quality and variety of baked goods available.

Globally, bread is the most widely-used application of bakery equipment followed by biscuits and cookies.

The key players in this market are Buhler Holding, Ali Group S.p.A, GEA Group, Heat and Control Inc, FMC Technologies Inc among many others.

Sprout Intelligence expert team projected the global bakery equipments marketis expected to cross mark of USD 9 billion.