(Food-Beverage-News.Com, March 22, 2018 ) According to a new market research report "Bakery Processing Equipment By Type (Ovens & Proofers, Mixers, Sheeters & Molders, Dividers, Others), Application (Cookies & Biscuits, Bread, Pizza Crusts, Cakes & Pastries, Other Bakery Products), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021).", published by MarketDataForecast™, the market is expected to reach USD 14.64 Billion by 2021 from USD 10.2 Billion in 2016, at a CAGR of 7.5%. Factors driving the growth of this market include the rising disposable incomes in developed nations and increasing middle-class population. Demand for low fat, gluten free food and preferring packed food are driving the market growth.
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Sheeters & Molders accounted for the largest market share in 2016
By type, the Bakery Processing Equipment Market is classified into Ovens & Proofers, Mixers, Sheeters & Molders, Dividers, others. Sheeters & Molders dominated the market in the year 2016 due to rise in adoption of these sheeters & molders by small-scale players.
The Bread segment dominated the market in 2016
By Application, the market is segmented into Cookies & Biscuits, Bread, Pizza Crusts, Cakes & Pastries, other bakery products. The bread segment dominated the market in the year 2016 and is expected to continue the pace for the next few years. Pizza crusts segment is expected to grow at a high rate during the forecast period mentioned.
Asia – Pacific commanded the largest share of the market in 2016
Based on region, the Bakery Processing Equipment Market is segmented into North America, Europe, Asia, and Rest of the World. Asia Pacific dominated the bakery processing equipment market in 2016. This is attributed to factors such as rise in consumption bakery products in emerging countries such as India and China. North America is estimated to be the fastest growing market during the forecast period mentioned.
Key players in the Bakery Processing Equipment Market include Buhler holding AG, GEA Group AG, JBT Corporation, Ali Group S.p.A, Heat and Control, Inc., Meyer Industries Incorporated, Nichimo Company Limited.
The scope of the report provides:
· The evaluation of the current market for your product or services and the future implications of the market
· Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
· Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
· Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
· The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
· The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
· Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
· Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
· Equip you with the information providing with the investment opportunities in the industry
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