The bakery processing equipment market is projected to grow at a CAGR of 7.3 percent from 2015 to 2020, reaching an estimated value of $13.62 billion by 2020.
According to researchers at MarketsandMarkets in their latest report “Bakery Processing Equipment Market by Type, Application and by Region - Forecast to 2020,” the demand for equipment types such as mixers and ovens & proofers is increasing due 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. Because of this, researchers say bakery processing equipment will be viewed as a business opportunity in the next five years and many multinational players have entered into the production of varied types of bakery processing equipment.