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Bakery processing machinery market deep dive

New study from PMMI Business Intelligence, “2018 Food and Beverage Processing Machinery Report,” dives deep into each market.

Bakery Deep Dive
Bakery Deep Dive

Here’s a look at the third largest segment, bakery:

The value of the bakery machinery market is estimated to have been $0.6 billion in 2016; IHS Markit forecasts it to grow with 3.1% CAGR from 2016 to 2021.

Demand for bakery machinery is driven by factors including demand for luxury bakery products as a result of increasing per capita disposable income, which is changing consumer preference regarding packaged bakery foods. In the US, breads are the largest segment in the bakery products, followed by pastries and cakes.

Increasing awareness of nutritious and healthy foods has made low-carbohydrate diets more popular; and has changed consumers’ perception of the health benefits of grain-based food products. In order to meet consumer preferences, bakery processing machinery manufacturers are reformulating the end product to reduce the amount of carbohydrates in breads.

The association of high sugar, salt and fat intake with various health conditions has also pushed producers of baked goods to reduce the use of these ingredients in their products. Many producers have looked for ways to meet consumer and regulatory demands without affecting the quality of product. Consequently, there is greater use of alternative ingredients and product differentiation in baked goods processing, driving demand for flexible machinery and automation to modify processes and easily control and optimize the use of ingredients.

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