DUBLIN — Research and Markets has announced the addition of the "Bakery Processing Equipment Market – Forecast to 2020" report to their offering.
The bakery processing equipment market is projected to grow at a CAGR of 7.3% from 2015 to 2020, to reach USD 13.62 Billion by 2020. The market growth is driven by an increased demand for bread, pastries, and other baked goods, growing demands for frozen bakery products, and advancement in manufacturing processes & technologies. The market is further driven by factors such as automation & robotics in bakery processing equipment.
Asia-Pacific accounted for the largest market share for bakery processing equipment, followed by Europe and North America. Bakery processing equipment products such as ovens & proofers and mixers are among the widely used products in Asia-Pacific; changing bakery products consumption pattern is one of the major factors driving the bakery processing equipment market in this region.
To read the rest of the story, please go to: Research and Markets