The global bakery processing equipment market is forecast to grow to $17.9billion by 2025, with a 6.17% CAGR, a new report from ReportLinker has predicted.
The industry has been rapidly adopting processing equipment solutions like mixers, blenders, dividers, molders and sheeters. This includes the purchase of new technologies as well as the upgrade of old ones.
These devices are key to bakeries that want to increase efficiency and free up staff time for other tasks that cannot be completed by automated processes, adds ReportLinker.
Middleby Corporation and Buhler Group are the two frontrunners in the market that ReportLinker singled out.
Demand for bakery products is also on the rise, suggests the report, hence the growth in the bakery processing equipment market.
Elsewhere the report says that, unsurprisingly, North America and Europe dominate the market, with China also a major player.
On the manufacture side, China, India and other Asian countries are responsible for most imported products.
Finally, MiddleBy Corporation and Buhler Group are the two frontrunners in the market that ReportLinker singled out.