Table of Content

"1    INTRODUCTION    25
1.1    OBJECTIVES OF THE STUDY    25
1.2    MARKET DEFINITION    25
1.3    STUDY SCOPE    26
FIGURE 1    BAKERY PROCESSING EQUIPMENT MARKET SEGMENTATION    26
1.3.1    INCLUSIONS AND EXCLUSIONS    27
FIGURE 2    BAKERY PROCESSING EQUIPMENT MARKET: REGIONAL SCOPE    28
1.3.2    PERIODIZATION CONSIDERED    28
1.4    CURRENCY CONSIDERED    29
TABLE 1    USD EXCHANGE RATES, 2017–2020    29
1.5    STAKEHOLDERS    29
1.6    SUMMARY OF CHANGES    30
2    RESEARCH METHODOLOGY    31
2.1    RESEARCH DATA    31
FIGURE 3    BAKERY PROCESSING EQUIPMENT MARKET: RESEARCH DESIGN    31
2.1.1    SECONDARY DATA    32
2.1.1.1    Key data from secondary sources    32
2.1.2    PRIMARY DATA    33
2.1.2.1    Breakdown of Primaries    33
FIGURE 4    BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION    33
2.2    MARKET SIZE ESTIMATION    33
2.2.1    BOTTOM-UP APPROACH    34
FIGURE 5    MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH    34
2.2.2    TOP-DOWN APPROACH    35
FIGURE 6    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    35
2.3    DATA TRIANGULATION    36
FIGURE 7    DATA TRIANGULATION    36
2.4    RESEARCH ASSUMPTIONS & LIMITATIONS    37
2.5    RESEARCH LIMITATIONS    37
2.6    MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19    38
2.6.1    SCENARIO-BASED MODELING    38
2.7    COVID-19 HEALTH ASSESSMENT    39
FIGURE 8    COVID-19: GLOBAL PROPAGATION    39
FIGURE 9    COVID-19 PROPAGATION: SELECT COUNTRIES    40
2.8    COVID-19 ECONOMIC ASSESSMENT    41
FIGURE 10    REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020    41
2.8.1    COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT    42
FIGURE 11    CRITERIA IMPACTING THE GLOBAL ECONOMY    42
FIGURE 12    SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY    43
3    EXECUTIVE SUMMARY    45
FIGURE 13    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2021 VS. 2026 (USD MILLION)    46
FIGURE 14    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER,
2021 VS. 2026 (USD MILLION)    46
FIGURE 15    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021 VS. 2026 (USD MILLION)    47
FIGURE 16    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION, 2021 VS. 2026 (USD MILLION)    47
FIGURE 17    EUROPE DOMINATED THE BAKERY PROCESSING EQUIPMENT MARKET
IN 2020    48
4    PREMIUM INSIGHTS    49
4.1    BRIEF OVERVIEW OF THE BAKERY PROCESSING EQUIPMENT MARKET    49
FIGURE 18    EMERGING ECONOMIES PRESENT OPPORTUNITIES FOR MARKET GROWTH    49
4.2    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE AND COUNTRY    50
FIGURE 19    MIXERS FORMED THE DOMINANT SEGMENT, IN TERMS OF VALUE, IN THE EUROPEAN BAKERY PROCESSING EQUIPMENT MARKET    50
4.3    BAKERY PROCESSING EQUIPMENT MARKET, BY END USER    50
FIGURE 20    BAKERY PROCESSING INDUSTRY SEGMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD    50
4.4    BAKERY PROCESSING EQUIPMENT MARKET, BY APPLICATION AND REGION    51
FIGURE 21    EUROPE LED THE BAKERY PROCESSING EQUIPMENT MARKET IN 2020    51
4.5    BAKERY PROCESSING EQUIPMENT MARKET, BY REGION    51
FIGURE 22    THE US ACCOUNTED FOR THE LARGEST SHARE OF THE GLOBAL BAKERY PROCESSING EQUIPMENT MARKET IN 2020    51
4.5.1    COVID-19 IMPACT ON BAKERY PROCESSING EQUIPMENT MARKET    52
FIGURE 23    CHART OF PRE & POST COVID SCENARIO IN BAKERY PROCESSING EQUIPMENT MARKET    52
5    MARKET OVERVIEW    53
5.1    INTRODUCTION    53
5.2    MARKET DYNAMICS    53
FIGURE 24    BAKERY PROCESSING EQUIPMENT MARKET: MARKET DYNAMICS    53
5.2.1    DRIVERS    54
5.2.1.1    Rising number of artisan bakeries and QSRs    54
FIGURE 25    NORTH AMERICA: PROCESSED FOOD CONSUMPTION SHARE IN DIETS, 2019    54
5.2.1.2    Growth in the demand for convenience food products    54
FIGURE 26    FOOD PROCESSING INDUSTRY SALES, 2019 (USD BILLION)    55
5.2.1.3    Automation and robotics in bakery processing    55
FIGURE 27    IMPORT VALUE OF BAKERY OVENS, BY COUNTRY, 2017 (USD MILLION)    55
5.2.1.4    Shift in food preferences to change the market dynamics    56
FIGURE 28    SHARE OF DIETS FOLLOWED BY CONSUMERS IN 2020    56
5.2.2    RESTRAINTS    57
5.2.2.1    High installation cost of equipment    57
5.2.2.2    Maintenance of wastewater in a bakery production line    57
TABLE 2    SUMMARY OF WASTE PRODUCTION FROM THE BAKERY INDUSTRY    57
5.2.3    OPPORTUNITIES    57
5.2.3.1    Increase in demand for frozen bakery products    57
5.2.3.2    Expansion of production facilities to meet the rising demand    58
5.2.3.3    Government initiatives and investments to expand the processed food sector    58
5.2.3.4    Investments in technological upgradation    58
5.2.4    CHALLENGES    59
5.2.4.1    Competition from local manufacturers offering low-cost products    59
5.2.4.2    Lack of infrastructural support in emerging markets    59
5.2.4.3    Fluctuation in the prices of raw material and energy    59
6    INDUSTRY TRENDS    60
6.1    INTRODUCTION    60
6.2    VALUE CHAIN    60
FIGURE 29    BAKERY PROCESSING EQUIPMENT MARKET: VALUE CHAIN ANALYSIS    60
6.2.1    RESEARCH & DEVELOPMENT    61
6.2.2    INPUTS    61
6.2.3    PRODUCTION    61
6.2.4    LOGISTICS & DISTRIBUTION    61
6.2.5    MARKETING & SALES    61
6.2.6    END-USER INDUSTRY    61
6.3    MARKET ECOSYSTEM AND SUPPLY CHAIN    61
FIGURE 30    RAW MATERIAL SUPPLIERS ARE A VITAL COMPONENT OF THE SUPPLY CHAIN    62
TABLE 3    BAKERY PROCESSING EQUIPMENT MARKET: SUPPLY CHAIN (ECOSYSTEM)    63
6.3.1    BAKERY PROCESSING EQUIPMENT: MARKET MAP    63
6.4    TECHNOLOGY ANALYSIS    64
6.4.1    AUTOMATION AND ROBOTICS IN BAKERY PROCESSING    64
6.4.2    ARTIFICIAL INTELLIGENCE (AI) IN BAKERY PRODUCTION    64
6.4.3    CONTINUOUS MIXING TECHNOLOGY    64
6.4.4    OVEN TECHNOLOGY    64
6.5    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES    65
FIGURE 31    REVENUE SHIFT FOR THE BAKERY PROCESSING EQUIPMENT MARKET    65
6.6    PORTER’S FIVE FORCES ANALYSIS    66
6.6.1    BAKERY PROCESSING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS    66
6.6.2    THREAT OF NEW ENTRANTS    66
6.6.3    THREAT OF SUBSTITUTES    67
6.6.4    BARGAINING POWER OF SUPPLIERS    68
6.6.5    BARGAINING POWER OF BUYERS    69
6.6.6    INTENSITY OF COMPETITIVE RIVALRY    69
6.7    TRADE ANALYSIS    70
FIGURE 32    EXPORT VALUE OF BAKERY AND PASTA MAKING MACHINERY FOR TOP EXPORTERS, 2018–2019 (USD MILLION)    70
6.8    PATENT ANALYSIS    71
FIGURE 33    LIST OF TOP PATENTS IN THE MARKET, 2019–2021    71
TABLE 4    LIST OF IMPORTANT PATENTS FOR BAKERY PROCESSING EQUIPMENT, 2017–2019    71
6.9    REGULATORY FRAMEWORKS    72
6.9.1    ASIA PACIFIC    72
6.9.2    CHINA    73
6.9.3    INDIA    73
6.9.4    AUSTRALIA & NEW ZEALAND    73
6.9.5    EUROPE    74
6.9.6    NORTH AMERICA    74
6.9.7    US    75
6.9.8    CANADA    75
6.10    CASE STUDIES    76
6.10.1    EXPANSION OF ARTISAN BREAD PRODUCTION    76
6.10.2    BISCUIT MANUFACTURING WITH EFFICIENT, COMPACT PACKAGING EQUIPMENT    76
7    BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE    77
7.1    INTRODUCTION    78
FIGURE 34    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021 VS. 2026 (USD MILLION)    78
TABLE 5    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    79
TABLE 6    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    79
7.2    COVID-19 IMPACT ON THE BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE    80
TABLE 7    OPTIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2018–2021 (USD MILLION)    80
TABLE 8    REALISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2018–2021 (USD MILLION)    80
TABLE 9    PESSIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION)    81
7.3    MIXERS    81
7.3.1    GROWING NEED FOR INNOVATIVE AND TECHNOLOGICALLY ADVANCED DOUGH IS DRIVING THE DEMAND    81
TABLE 10    MIXERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    82
TABLE 11    MIXERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    82
7.4    OVENS & PROOFERS    82
7.4.1    GROWING NEED FOR OVENS AND PROOFERS WITH LOW FUEL CONSUMPTION IS DRIVING INNOVATION    82
TABLE 12    OVENS & PROOFERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION)    83
TABLE 13    OVENS & PROOFERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    83
7.5    SLICERS & DIVIDERS    84
7.5.1    SLICERS & DIVIDERS ARE WITNESSING AN INCREASE IN DEMAND AS THEY PROVIDE HIGH-QUALITY PERFORMANCE DURING THE PRODUCTION OF FINE AND SMALL BAKERY PRODUCTS    84
TABLE 14    SLICERS & DIVIDERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION)    84
TABLE 15    SLICERS & DIVIDERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    85
7.6    SHEETERS & MOLDERS    85
7.6.1    ADVANCEMENTS IN TECHNOLOGIES HAVE ENCOURAGED THE DEVELOPMENT OF ENHANCED SHEETERS & MOLDERS FOR THE PREPARATION OF LARGE QUANTITIES OF BAKERY PRODUCTS    85
TABLE 16    SHEETERS & MOLDERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION)    86
TABLE 17    SHEETERS & MOLDERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    86
7.7    DEPOSITORS & PAN-GREASERS    86
7.7.1    INCREASED AUTOMATION AND CONSISTENT PRODUCT DEMAND DRIVE THE MARKET FOR DEPOSITORS & PAN-GREASERS    86
TABLE 18    DEPOSITORS & PAN GREASERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    87
TABLE 19    DEPOSITORS & PAN GREASERS: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    87
7.8    OTHER TYPES    88
TABLE 20    OTHER TYPES: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    88
TABLE 21    OTHER TYPES: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    88
8    BAKERY PROCESSING EQUIPMENT MARKET, BY APPLICATION    89
8.1    INTRODUCTION    90
FIGURE 35    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2021 VS. 2026 (USD MILLION)    90
TABLE 22    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION)    91
TABLE 23    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION)    91
8.2    COVID-19 IMPACT ON THE BAKERY PROCESSING EQUIPMENT MARKET,
BY APPLICATION    92
TABLE 24    OPTIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2018–2021 (USD MILLION)    92
TABLE 25    REALISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2018–2021 (USD MILLION)    92
TABLE 26    PESSIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)    93
8.3    BREAD    93
8.3.1    CHANGING LIFESTYLES OF CONSUMERS AND INCREASING DEMAND FOR BREAD AND RELATED BAKERY PRODUCTS IN ASIA PACIFIC ARE DRIVING THE MARKET    93
TABLE 27    BREAD: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    94
TABLE 28    BREAD: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    94
8.4    COOKIES & BISCUITS    94
8.4.1    PRODUCT INNOVATIONS AND ENHANCEMENT OF EQUIPMENT ARE RESPONSIBLE FOR THE INCREASED MARKET SHARE OF COOKIES & BISCUITS    94
TABLE 29    COOKIES & BISCUITS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION)    95
TABLE 30    COOKIES & BISCUITS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    95
8.5    CAKES & PASTRIES    96
8.5.1    RISING DEMAND FOR CUSTOMIZED CAKES AND INCREASED PENETRATION OF KEY PLAYERS HAVE LED TO AN INCREASE IN DEMAND FROM DEVELOPING COUNTRIES    96
TABLE 31    CAKES & PASTRIES: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION)    96
TABLE 32    CAKES & PASTRIES: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    97
8.6    PIZZA CRUSTS    97
8.6.1    ADVANCEMENTS AND INNOVATIONS IN PIZZA CRUST EQUIPMENT CATER TO THE GROWING CONSUMER DEMAND FOR CUSTOMIZED AND DIFFERENT VARIETIES OF PIZZA CRUSTS    97
TABLE 33    PIZZA CRUSTS: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    98
TABLE 34    PIZZA CRUSTS: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    98
8.7    OTHER APPLICATIONS    99
TABLE 35    OTHER APPLICATIONS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION)    99
TABLE 36    OTHER APPLICATIONS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    99

9    BAKERY PROCESSING EQUIPMENT MARKET, BY FUNCTION    100
9.1    INTRODUCTION    101
FIGURE 36    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY FUNCTION,
2021 VS. 2026 (USD MILLION)    101
TABLE 37    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY FUNCTION,
2016–2020 (USD MILLION)    101
TABLE 38    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY FUNCTION,
2021–2026 (USD MILLION)    102
9.2    COVID-19 IMPACT ON THE BAKERY PROCESSING EQUIPMENT MARKET, BY FUNCTION    102
TABLE 39    OPTIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY FUNCTION, 2018–2021 (USD MILLION)    102
TABLE 40    REALISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY FUNCTION, 2018–2021 (USD MILLION)    103
TABLE 41    PESSIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY FUNCTION, 2018–2021 (USD MILLION)    103
9.3    MIXING    104
9.3.1    FAST-GROWING ECONOMIES PRESENT OPPORTUNITIES TO THE MARKET    104
TABLE 42    MIXING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    104
TABLE 43    MIXING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    104
9.4    EXTRUSION    105
9.4.1    INDUSTRY REQUIRES HIGH-QUALITY AND RELIABLE EQUIPMENT FOR EXTRUSION    105
TABLE 44    EXTRUSION: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    105
TABLE 45    EXTRUSION: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    105
9.5    MOLDING    106
9.5.1    ADVANCEMENTS IN TECHNOLOGIES HAVE ENCOURAGED THE DEVELOPMENT OF VARIOUS MOLDING TECHNIQUES    106
TABLE 46    MOLDING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    106
TABLE 47    MOLDING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    106
9.6    BAKING    107
9.6.1    BAKING HAS FUELED THE GROWTH OF OVENS WORLDWIDE    107
TABLE 48    BAKING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    107
TABLE 49    BAKING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    107
9.7    ENROBING    108
9.7.1    CONSUMPTION OF CHOCOLATE-BASED PRODUCTS TO CREATE A MARKET FOR ENROBING    108
TABLE 50    ENROBING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    108
TABLE 51    ENROBING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    108
9.8    COOLING    109
9.8.1    COOLING PLAYS A VITAL ROLE IN REDUCING THE WEIGHT OF BAKERY PRODUCTS    109
TABLE 52    COOLING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    109
TABLE 53    COOLING: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    109
9.9    OTHER FUNCTIONS    110
9.9.1    WEIGHING BRINGS THE CONSISTENCY IN PRODUCTION, WHILE TEMPERATURE IS A KEY PARAMETER IN BAKING    110
TABLE 54    OTHER FUNCTIONS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION)    110
TABLE 55    OTHER FUNCTIONS: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    110
10    BAKERY PROCESSING EQUIPMENT MARKET, BY END USER    111
10.1    INTRODUCTION    112
FIGURE 37    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER,
2021 VS. 2026 (USD MILLION)    112
TABLE 56    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER,
2016–2020 (USD MILLION)    113
TABLE 57    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER,
2021–2026 (USD MILLION)    113
10.2    COVID-19 IMPACT ON THE BAKERY PROCESSING EQUIPMENT MARKET, BY END USER    113
TABLE 58    OPTIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY END USER, 2018–2021 (USD MILLION)    113
TABLE 59    REALISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY END USER, 2018–2021 (USD MILLION)    114
TABLE 60    PESSIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER, 2018–2021 (USD MILLION)    114
10.3    FOODSERVICE INDUSTRY    114
10.3.1    FOODSERVICE INDUSTRY DOMINATED THE BAKERY PROCESSING EQUIPMENT MARKET IN THE EUROPEAN AND ASIA PACIFIC REGIONS    114
TABLE 61    BAKERY PROCESSING EQUIPMENT MARKET SIZE IN THE FOODSERVICE INDUSTRY, BY REGION, 2016–2020 (USD MILLION)    115
TABLE 62    BAKERY PROCESSING EQUIPMENT MARKET SIZE IN THE FOODSERVICE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    115
10.4    BAKERY PROCESSING INDUSTRY    115
10.4.1    GROWING NEED FOR CUSTOMIZED BAKERY FOOD PRODUCTS IS EXPECTED TO PRESENT OPPORTUNITIES FOR INNOVATIVE BAKERY TECHNOLOGIES    115
TABLE 63    BAKERY PROCESSING EQUIPMENT MARKET SIZE IN THE BAKERY PROCESSING INDUSTRY, BY REGION, 2016–2020 (USD MILLION)    116
TABLE 64    BAKERY PROCESSING EQUIPMENT MARKET SIZE IN THE BAKERY PROCESSING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    116

11    BAKERY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION    117
11.1    INTRODUCTION    118
FIGURE 38    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION, 2021 VS. 2026 (USD MILLION)    118
TABLE 65    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION, 2016–2020 (USD MILLION)    118
TABLE 66    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION, 2021–2026 (USD MILLION)    119
11.2    COVID-19 IMPACT ON THE BAKERY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION    119
TABLE 67    OPTIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2018–2021 (USD MILLION)    119
TABLE 68    REALISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2018–2021 (USD MILLION)    119
TABLE 69    PESSIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION, 2018–2021 (USD MILLION)    120
11.3    SEMI-AUTOMATIC    120
11.3.1    HIGH INSTALLATION AND MAINTENANCE COST OF AUTOMATED EQUIPMENT FUELS THE MARKET FOR SEMI-AUTOMATIC EQUIPMENT IN DEVELOPING COUNTRIES    120
TABLE 70    SEMI-AUTOMATIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2016–2020 (USD MILLION)    120
TABLE 71    SEMI-AUTOMATIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    121
11.4    AUTOMATIC    121
11.4.1    TIME-SAVING AND EFFICIENCY DRIVE THE AUTOMATION MARKET    121
TABLE 72    AUTOMATIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)    122
TABLE 73    AUTOMATIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    122
12    BAKERY PROCESSING EQUIPMENT MARKET, BY REGION    123
12.1    INTRODUCTION    124
FIGURE 39    INDIA TO RECORD THE FASTEST GROWTH RATE DURING THE FORECAST PERIOD IN THE BAKERY PROCESSING EQUIPMENT MARKET    125
TABLE 74    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION,
2016–2020 (USD MILLION)    125
TABLE 75    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    126
12.2    COVID-19 IMPACT ON THE BAKERY PROCESSING EQUIPMENT MARKET, BY REGION    126
TABLE 76    OPTIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2018–2021 (USD MILLION)    126
TABLE 77    REALISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2018–2021 (USD MILLION)    126
TABLE 78    PESSIMISTIC SCENARIO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    127

12.3    NORTH AMERICA    127
TABLE 79    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY COUNTRY, 2016–2020 (USD MILLION)    128
TABLE 80    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION)    128
TABLE 81    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2016–2020 (USD MILLION)    128
TABLE 82    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION)    129
TABLE 83    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION)    129
TABLE 84    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION)    130
TABLE 85    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY END USER, 2016–2020 (USD MILLION)    130
TABLE 86    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY END USER, 2021–2026 (USD MILLION)    130
TABLE 87    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2016–2020 (USD MILLION)    131
TABLE 88    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    131
TABLE 89    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY FUNCTION, 2016–2020 (USD MILLION)    131
TABLE 90    NORTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY FUNCTION, 2021–2026 (USD MILLION)    132
12.3.1    US    132
12.3.1.1    The US accounted for the largest market share in North America    132
TABLE 91    US: BAKERY PROCESSING EQUIPMENT MARKET, BY APPLICATION,
2016–2020 (USD MILLION)    133
TABLE 92    US: BAKERY PROCESSING EQUIPMENT MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    133
TABLE 93    US: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    134
TABLE 94    US: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    134
12.3.2    CANADA    134
12.3.2.1    Canada is projected to be the fastest-growing market in North America    134
TABLE 95    CANADA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    135
TABLE 96    CANADA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    135
TABLE 97    CANADA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    136
TABLE 98    CANADA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    136
12.3.3    MEXICO    136
12.3.3.1    Bakery processing equipment market in Mexico is growing due to the increasing demand for frozen bakery products    136
TABLE 99    MEXICO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    137
TABLE 100    MEXICO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    137
TABLE 101    MEXICO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    138
TABLE 102    MEXICO: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    138
12.4    EUROPE    139
FIGURE 40    NUMBER OF COMPANIES IN THE FOOD AND DRINK INDUSTRY SECTOR (2018, %)    139
FIGURE 41    EUROPE: MARKET SNAPSHOT    140
TABLE 103    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)    141
TABLE 104    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)    141
TABLE 105    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    142
TABLE 106    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    142
TABLE 107    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    143
TABLE 108    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    143
TABLE 109    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER, 2016–2020 (USD MILLION)    143
TABLE 110    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)    144
TABLE 111    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2016–2020 (USD MILLION)    144
TABLE 112    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    144
TABLE 113    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY FUNCTION, 2016–2020 (USD MILLION)    145
TABLE 114    EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY FUNCTION, 2021–2026 (USD MILLION)    145
12.4.1    GERMANY    146
12.4.1.1    Germany dominated the Asia Pacific bakery processing equipment market    146
FIGURE 42    EXPORT OF BAKERY EQUIPMENT FROM GERMANY, 2018 (USD THOUSAND)    146
TABLE 115    GERMANY: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION)    147
TABLE 116    GERMANY: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION)    147
TABLE 117    GERMANY: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    148
TABLE 118    GERMANY: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    148

12.4.2    UK    149
12.4.2.1    Trend of home bakeries has driven the sales of bakery equipment in the UK    149
FIGURE 43    MARKET SHARE OF UK BREAD PRODUCTION, 2020 (BY VOLUME %)    149
TABLE 119    UK: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    149
TABLE 120    UK: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    150
TABLE 121    UK: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    150
TABLE 122    UK: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    151
12.4.3    FRANCE    151
12.4.3.1    French bakery processing equipment market is projected to witness significant growth due to high investments    151
FIGURE 44    TURNOVER OF MAJOR EUROPEAN COUNTRIES FOR THE FOOD & DRINK SECTOR, 2019 (EUR BILLION)    152
TABLE 123    FRANCE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    152
TABLE 124    FRANCE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    152
TABLE 125    FRANCE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    153
TABLE 126    FRANCE: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    153
12.4.4    ITALY    154
12.4.4.1    Bakery processing equipment market in Italy is driven by increasing sales of biscuits and crackers in the country    154
TABLE 127    ITALY: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    154
TABLE 128    ITALY: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    155
TABLE 129    ITALY: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    155
TABLE 130    ITALY: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    156
12.4.5    SPAIN    156
12.4.5.1    Bakery processing equipment market in Spain is projected to grow at the highest CAGR in Europe    156
TABLE 131    SPAIN: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    157
TABLE 132    SPAIN: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    157
TABLE 133    SPAIN: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    158
TABLE 134    SPAIN: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    158

12.4.6    RUSSIA    159
12.4.6.1    Bakery processing market in Russia is driven by the growing retail sector    159
TABLE 135    RUSSIA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    159
TABLE 136    RUSSIA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    159
TABLE 137    RUSSIA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    160
TABLE 138    RUSSIA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    160
12.4.7    REST OF EUROPE    161
TABLE 139    REST OF EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION)    161
TABLE 140    REST OF EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION)    161
TABLE 141    REST OF EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2016–2020 (USD MILLION)    162
TABLE 142    REST OF EUROPE: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION)    162
12.5    ASIA PACIFIC    163
FIGURE 45    ASIA PACIFIC: MARKET SNAPSHOT    164
TABLE 143    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY COUNTRY, 2016–2020 (USD MILLION)    165
TABLE 144    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION)    165
TABLE 145    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)    166
TABLE 146    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    166
TABLE 147    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION)    167
TABLE 148    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION)    167
TABLE 149    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY END USER, 2016–2020 (USD MILLION)    167
TABLE 150    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY END USER, 2021–2026 (USD MILLION)    168
TABLE 151    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2016–2020 (USD MILLION)    168
TABLE 152    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    168
TABLE 153    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY FUNCTION, 2016–2020 (USD MILLION)    169
TABLE 154    ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY FUNCTION, 2021–2026 (USD MILLION)    169
12.5.1    CHINA    170
12.5.1.1    China dominated the Asia Pacific bakery processing equipment market    170
TABLE 155    CHINA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    170
TABLE 156    CHINA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    171
TABLE 157    CHINA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    171
TABLE 158    CHINA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    172
12.5.2    INDIA    172
12.5.2.1    Growing consumer awareness regarding high-quality and premium bakery products drives the growth of the bakery processing equipment market in the country    172
TABLE 159    INDIA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    173
TABLE 160    INDIA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    173
TABLE 161    INDIA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    174
TABLE 162    INDIA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    174
12.5.3    JAPAN    174
12.5.3.1    Increase in demand for premium bakery products and relatively low competition to drive the demand for bakery products in Japan    174
TABLE 163    JAPAN: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    175
TABLE 164    JAPAN: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    175
TABLE 165    JAPAN: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    176
TABLE 166    JAPAN: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    176
12.5.4    AUSTRALIA & NEW ZEALAND    176
12.5.4.1    Consumption of ready-to-eat foods is increasing in these regions    176
TABLE 167    AUSTRALIA & NEW ZEALAND: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)    177
TABLE 168    AUSTRALIA & NEW ZEALAND: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    177
TABLE 169    AUSTRALIA & NEW ZEALAND: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    178
TABLE 170    AUSTRALIA & NEW ZEALAND: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    178
12.5.5    SOUTH KOREA    178
12.5.5.1    Evolving landscape in South Korea’s food culture is driving the market    178
TABLE 171    SOUTH KOREA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2016–2020 (USD MILLION)    179
TABLE 172    SOUTH KOREA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION)    179
TABLE 173    SOUTH KOREA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION)    180
TABLE 174    SOUTH KOREA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION)    180
12.5.6    REST OF ASIA PACIFIC    181
TABLE 175    REST OF ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2016–2020 (USD MILLION)    181
TABLE 176    REST OF ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION)    181
TABLE 177    REST OF ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION)    182
TABLE 178    REST OF ASIA PACIFIC: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION)    182"
"12.6    REST OF THE WORLD (ROW)    183
TABLE 179    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION,
2016–2020 (USD MILLION)    183
TABLE 180    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    183
TABLE 181    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    184
TABLE 182    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    184
TABLE 183    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    185
TABLE 184    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    185
TABLE 185    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER, 2016–2020 (USD MILLION)    185
TABLE 186    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)    186
TABLE 187    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2016–2020 (USD MILLION)    186
TABLE 188    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    186
TABLE 189    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY FUNCTION, 2016–2020 (USD MILLION)    187
TABLE 190    ROW: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY FUNCTION, 2021–2026 (USD MILLION)    187
12.6.1    SOUTH AMERICA    188
12.6.1.1    South America projected to dominate the RoW bakery processing equipment market    188
TABLE 191    SOUTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)    188
TABLE 192    SOUTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    189
TABLE 193    SOUTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION)    189
TABLE 194    SOUTH AMERICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION)    190
12.6.2    MIDDLE EAST    190
12.6.2.1    Increase in demand for customized bakery products to drive the growth of the bakery processing equipment market in the Middle East    190
TABLE 195    MIDDLE EAST: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)    191
TABLE 196    MIDDLE EAST: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    191
TABLE 197    MIDDLE EAST: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2016–2020 (USD MILLION)    192
TABLE 198    MIDDLE EAST: BAKERY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2021–2026 (USD MILLION)    192
12.6.3    AFRICA    192
12.6.3.1    Manufacture of baked goods is growing in African countries    192
TABLE 199    AFRICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    193
TABLE 200    AFRICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    193
TABLE 201    AFRICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)    194
TABLE 202    AFRICA: BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)    194
13    COMPETITIVE LANDSCAPE    195
13.1    OVERVIEW    195
13.2    MARKET SHARE ANALYSIS, 2020    195
TABLE 203    BAKERY PROCESSING EQUIPMENT MARKET: DEGREE OF COMPETITION (CONSOLIDATED)    196
13.3    KEY PLAYER STRATEGIES    196
13.4    SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS    197
FIGURE 46    SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET,
2018–2020 (USD BILLION)    197
13.5    COVID-19-SPECIFIC COMPANY RESPONSE    197
13.6    COMPANY EVALUATION QUADRANT (KEY PLAYERS)    199
13.6.1    STARS    199
13.6.2    EMERGING LEADERS    199
13.6.3    PERVASIVE PLAYERS    199
13.6.4    PARTICIPANTS    200
FIGURE 47    BAKERY PROCESSING EQUIPMENT MARKET: COMPANY EVALUATION QUADRANT, 2020 (KEY PLAYERS)    200
13.6.5    PRODUCT FOOTPRINT    201
TABLE 204    COMPANY PRODUCT TYPE FOOTPRINT    201
TABLE 205    COMPANY APPLICATION FOOTPRINT    202
TABLE 206    COMPANY REGIONAL FOOTPRINT    203
TABLE 207    OVERALL COMPANY FOOTPRINT    204

13.7    BAKERY PROCESSING EQUIPMENT, START-UP/SME EVALUATION QUADRANT, 2020    205
13.7.1    PROGRESSIVE COMPANIES    205
13.7.2    STARTING BLOCKS    205
13.7.3    RESPONSIVE COMPANIES    205
13.7.4    DYNAMIC COMPANIES    205
FIGURE 48    BAKERY PROCESSING EQUIPMENT MARKET: COMPANY EVALUATION QUADRANT, 2020 (START-UP/SME)    206
13.8    PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS    207
13.8.1    PRODUCT LAUNCHES    207
TABLE 208    PRODUCT LAUNCHES, AUGUST 2018–JUNE 2021    207
13.8.2    DEALS    208
TABLE 209    DEALS, FEBRUARY 2019–JANUARY 2021    208
13.8.3    OTHERS    209
TABLE 210    OTHERS, NOVEMBER 2018–AUGUST 2021    209
14    COMPANY PROFILES    210
(Business overview, Products offered, Recent developments & MnM View)*
14.1    KEY PLAYERS    210
14.1.1    GEA GROUP    210
TABLE 211    GEA GROUP: BUSINESS OVERVIEW    210
FIGURE 49    GEA GROUP: COMPANY SNAPSHOT    211
TABLE 212    GEA GROUP: PRODUCTS OFFERED    211
14.1.2    BÜHLER    214
TABLE 213    BÜHLER: BUSINESS OVERVIEW    214
FIGURE 50    BÜHLER: COMPANY SNAPSHOT    215
TABLE 214    BÜHLER: PRODUCTS OFFERED    215
TABLE 215    BÜHLER: DEALS    216
TABLE 216    BÜHLER: OTHERS    217
14.1.3    THE MIDDLEBY CORPORATION    218
TABLE 217    THE MIDDLEBY CORPORATION: BUSINESS OVERVIEW    218
FIGURE 51    THE MIDDLEBY CORPORATION: COMPANY SNAPSHOT    219
TABLE 218    THE MIDDLEBY CORPORATION: PRODUCTS OFFERED    219
TABLE 219    THE MIDDLEBY CORPORATION: DEALS    222
14.1.4    JBT    223
TABLE 220    JBT: BUSINESS OVERVIEW    223
FIGURE 52    JBT: COMPANY SNAPSHOT    224
TABLE 221    JBT: PRODUCTS OFFERED    225
14.1.5    HEAT AND CONTROL INC.    227
TABLE 222    HEAT & CONTROL INC.: BUSINESS OVERVIEW    227
TABLE 223    HEAT & CONTROL INC.: PRODUCTS OFFERED    228
TABLE 224    HEAT & CONTROL INC.: EXPANSION    229
14.1.6    RHEON AUTOMATIC MACHINERY CO., LTD    230
TABLE 225    RHEON AUTOMATIC MACHINERY CO., LTD: BUSINESS OVERVIEW    230
TABLE 226    RHEON AUTOMATIC MACHINERY CO., LTD: PRODUCTS OFFERED    230
TABLE 227    RHEON AUTOMATIC MACHINERY CO., LTD: EXPANSION    234
14.1.7    ALI GROUP    235
TABLE 228    ALI GROUP: BUSINESS OVERVIEW    235
TABLE 229    ALI GROUP: PRODUCTS OFFERED    235
14.1.8    BAKER PERKINS    238
TABLE 230    BAKER PERKINS: BUSINESS OVERVIEW    238
TABLE 231    BAKER PERKINS: PRODUCTS OFFERED    238
TABLE 232    BAKER PERKINS: PRODUCT LAUNCHES    240
14.1.9    MARKEL FOOD GROUP    241
TABLE 233    MARKEL FOOD GROUP: BUSINESS OVERVIEW    241
FIGURE 53    MARKEL FOOD GROUP: COMPANY SNAPSHOT    241
TABLE 234    MARKEL FOOD GROUP: PRODUCTS OFFERED    242
TABLE 235    MARKEL FOOD GROUP: DEAL    244
TABLE 236    MARKEL FOOD GROUP: NEW PRODUCT LAUNCHES    244
14.1.10    ANKO FOOD MACHINE CO., LTD    245
TABLE 237    ANKO FOOD MACHINE CO., LTD: BUSINESS OVERVIEW    245
TABLE 238    ANKO FOOD MACHINE CO., LTD: PRODUCTS OFFERED    245
14.1.11    GEMINI BAKERY EQUIPMENT COMPANY    247
TABLE 239    GEMINI BAKERY EQUIPMENT COMPANY: BUSINESS OVERVIEW    247
TABLE 240    GEMINI BAKERY EQUIPMENT COMPANY.: PRODUCTS OFFERED    247
14.1.12    ALLIED BAKERY EQUIPMENT    251
TABLE 241    ALLIED BAKERY EQUIPMENT: BUSINESS OVERVIEW    251
TABLE 242    ALLIED BAKERY EQUIPMENT: PRODUCTS OFFERED    251
14.1.13    GLOBAL BAKERY SOLUTIONS    254
TABLE 243    GLOBAL BAKERY SOLUTIONS: BUSINESS OVERVIEW    254
TABLE 244    GLOBAL BAKERY SOLUTIONS: PRODUCTS OFFERED    254
14.1.14    ERIKA RECORD LLC    256
TABLE 245    ERICA RECORD LLC: BUSINESS OVERVIEW    256
TABLE 246    ERICA RECORD LLC.: PRODUCTS OFFERED    256
14.1.15    KOENIG MASCHINEN – THE BAKER'S CROWN    264
TABLE 247    KOENING MASCHINEN – THE BAKER’S CROWN: BUSINESS OVERVIEW    264
TABLE 248    KOENING MASCHINEN: PRODUCTS OFFERED    264
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2    OTHER PLAYERS/START-UPS    269
14.2.1    ZIBO TAIBO INDUSTRIAL CO., LTD    269
14.2.2    YASH FOOD EQUIPMENT    269
14.2.3    KAR BAKERY EQUIPMENT INDIA PVT LTD: KAROVENS    270
14.2.4    ALIGN INDUSTRY    270
14.2.5    FALCON FOOD EQUIPMENT    271
15    ADJACENT AND RELATED MARKETS    272
15.1    INTRODUCTION    272
TABLE 249    ADJACENT MARKETS TO BAKERY PROCESSING EQUIPMENT    272
15.2    LIMITATIONS    272
15.3    CONFECTIONERY PROCESSING EQUIPMENT MARKET    272
15.3.1    MARKET DEFINITION    272
15.3.2    MARKET OVERVIEW    273
TABLE 250    CONFECTIONERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2023 (USD MILLION)    273
15.4    FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET    273
15.4.1    MARKET DEFINITION    273
15.4.2    MARKET OVERVIEW    273
TABLE 251    FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2023 (USD BILLION)    274
15.5    PREPARED FOOD EQUIPMENT MARKET    274
15.5.1    MARKET DEFINITION    274
15.5.2    MARKET OVERVIEW    275
TABLE 252    PRE-PROCESSING EQUIPMENT MARKET SIZE, BY REGION,
2018–2026 (USD MILLION)    275
16    APPENDIX    276
16.1    DISCUSSION GUIDE    276
16.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    282
16.3    AVAILABLE CUSTOMIZATIONS    284
16.4    RELATED REPORTS    284
16.5    AUTHOR DETAILS    285"