Asia Pacific Bakery Processing Equipment Market has been estimated at USD 3.54 billion in 2022 and is projected to reach USD 5.1 billion by 2028, at a CAGR of 7.6 % during the forecast period from 2023 to 2028. The 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.
The Asia-Pacific market for Bakery Processing Equipment 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.
Geographically the Asia Pacific Bakery Processing Equipment Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia. The market is driven by increasing consumption of bakery products in emerging countries like India and China.
Key Players in the Market:
Major Key Players in the APAC Bakery Processing Equipment Market are
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