Seattle, WA — The report "Bakery Processing Equipment Market by Type (Mixers, Ovens & Proofers, Dividers, Sheeters & Molders), Application (Bread, Cookies & Biscuits, Cakes & Pastries, Pizza Crusts), and by Region (North America, Europe, Asia-Pacific, RoW) – Forecast to 2020", The bakery processing equipment market is estimated to be valued at USD 9.56 Billion in 2015. It is projected to grow at a CAGR of 7.3% from 2015 to 2020, to reach USD 13.62 Billion by 2020. The base year considered for the study is 2014 and the forecast years are from 2015 to 2020.
The bakery processing equipment market is projected to grow at a CAGR of 7.3% from 2015 to 2020. The demand for equipment types such as mixers and ovens & proofers have been increasing owing to the demand for premium bakery products and a shift in consumer preference to healthier and innovative bakery items. The market demand for mixed varieties has also experienced higher than average growth, as they combine the useful characteristics of indulgence and nutritious bakery products. Hence, bakery processing equipment will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of bakery processing equipment.
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