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Bakery Processing Equipment Market to experience huge growth by 2026

Bakery Processing Equipment Market to experience huge growth by 2026

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Bakery Processing Equipment Market to experience huge growth by 2026

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  1. Bakery Processing Equipment Market Study by Application, Segmentation and Regional Outlook to 2026 • The rising requirement to reduce human interference with the help of automation systems will anchor the bakery processing equipment industry forecast through the coming years. There is a consistent need to enhance the production consistency of the machines across bakery production companies. This has added impetus to the demand for automation and robotic processing equipment to improve the overall quality and cost-efficiency of the final products. • The adoption of bakery food processing equipment will be further complemented with considerable development in the number of bakery and fast-food restaurants. Expansion of consumer household incomes has resulted in an increased willingness to spend on food items. It has also led to a higher need and consumption of bakery items such as pizza, cakes, pastries, and bread. Estimates suggest that the global bakery processing equipment market size will reach an annual value of more than USD 11 billion by 2026. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. The pizza application for the North America bakery processing equipment industry is anticipated to strike an 8% CAGR over the coming years. This can be owed to the growing consumption of pizza in large amounts, mainly by teenagers, millennials, and adults across the region. Expansion of the retail and commercial bakeries will also foster the regional equipment demand. • The higher intake of these products along with fast food has pushed the development of various local as well as international restaurants and bakeries. For instance, there were over 1,300 Domino’s stores across 282 cities in India in 2019, and the number likely to grow over the next few years. Furthermore, the increasing influence of western culture on the Asia Pacific will boost the prospects for bakery processing machinery across the region. • Providers of bakery food processing equipment are focusing on marketing strategies like partnerships and acquisitions to extend their offerings across the untapped regions in the world while increasing their market presence. They are also coming up with innovative models for advanced bakery equipment that have added features to gain a positive edge over their competitors. For instance, Heat and Control partnered with Ishida Co., Ltd, a Japanese firm to render bakery processing and packaging solutions to their customers who are setting-up factories. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/4199 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. The Asia Pacific will witness a higher penetration of bakery processing equipment and the regional industry is poised to grow at an exponential CAGR through 2026. This can be attributed to the developing tourism sector in the region that has driven the demand for bread items like buns, pita bread, pizza base, and flatbread, as well as cakes and pastries. • The outbreak of the current COVID-19 pandemic and the regulation of temporary lockdowns by the government bodies resulted in the shutdown of production facilities. This brought a halt in the manufacturing operations as a result of limited labor. The slow and negligible trade activities in the peak months disrupted the supply chain, further negatively impacting the sales for the bakery processing equipment manufacturers. However, with the gradual resumption of all businesses and the cooling down of the lockdown scenarios, the industry, and its operations will now pick up speed. • Competitive Analysis • GEA Group, Rheon Automatic Machinery Co. Ltd., John Bean Technologies Corporation, Markel Ventures, Inc, Aktiengesellschaft, and Ali Group S.r.l. a Socio Unico are some of the other global participants in the business. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Bakery Processing Equipment Market @ https://www.gminsights.com/industry-analysis/bakery-processing-equipment-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4199 Request for customization: https://www.gminsights.com/roc/4199 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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