Bakery Processing Equipment Market - Forecast(2022 - 2027)

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The Baking Processing Equipment Market size is estimated to reach $15.6 billion by 2027. Furthermore, it is poised to grow at a CAGR of 5.40% over the forecast period of 2022-2027. The bakery industry consists of bread, cookies or biscuits, cakes, and pastries manufacturing units. The factors that are contributing to the popularity of bakery products are increased demand for ready-to-eat convenient items, availability at lower cost, greater nutritional quality, availability of varieties with different structures, taste profiles, and better taste.

• Bakery products have become popular among populations. The consumption of bread and bakery products has steadily increased in the world that has resulted in the demand of baking processing equipment like dough sheeters, cooling conveyors, extrusion machines, and pan greasers.

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By Distribution Channel- Segment Analysis

The baking processing equipment market based on type can be further segmented into Ovens & Proofers, Mixers, Sheeters & Molders, Slicers, and others. Ovens & Profers held a dominant market share in the year 2021. In the bakery industry, an oven is widely used to make bakery products. Recently, about 1.1 billion microwave ovens used worldwide which increases the making of baked goods. The growing tendency to spend less time on preparation has led to a great demand for a microwave oven for baking. Recently, manufacturers offers various innovations in ovens..