Commercial Baking Equipment Market to Reach USD 4 Billion by 2030, Growing at a CAGR of 5%

Commercial Baking Equipment Market to Reach USD 4 Billion by 2030, Growing at a CAGR of 5%

 

According to Next Move Strategy Consulting, the global Commercial Baking Equipment Market, is poised to grow significantly, with a projected market size of USD 4 billion by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 5% by 2030, according to a new market report.

Commercial baking equipment is essential in various sectors of the food-service industry, including restaurants, hotels, bakeries, and pizzerias. These kitchen appliances are designed to facilitate processes such as dough blending, mixing, baking, and slicing bakery products. Common equipment includes mixers, ovens, dough proofers, bread slicers, and sheet pan racks, among others. These tools are integral for handling baked goods like bread, cookies, biscuits, cakes, and more.

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 Market Dynamics and Trends

The commercial baking equipment market is being driven by the rising demand for convenience foods and the growing adoption of advanced baking equipment in foodservice establishments worldwide. The increasing trend of online food ordering, coupled with social media campaigns and targeted advertising, has led to a surge in consumer dining preferences, especially in restaurants and hotels. Additionally, the growing focus on healthier and organic food options, such as whole grains and allergen-free ingredients, is opening new avenues for market growth.

Technological advancements in the commercial baking equipment sector are also contributing to market expansion. Features such as automatic temperature control, touchscreen interfaces, smart ovens, and inbuilt safety sensors are improving the precision, efficiency, and productivity of baking processes. A notable example is the AI-driven quality control solution launched by AMF Bakery Systems in June 2021, designed to enhance pizza topping precision and operational efficiency.

However, the high installation costs of commercial baking equipment present a challenge. Despite this, the incorporation of cutting-edge technologies and automation, including AI-driven functionalities, is expected to unlock ample opportunities for future growth in the sector.

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Market Segmentation

The commercial baking equipment market is segmented based on type, application, control type, and region. By type, the market includes ovens, mixers, bread slicers, proofers & retarders, dough sheeters & rollers, and others. The applications are classified into restaurants, hotels & catering, bakeries, pizzerias, and other sectors.

Control types are categorized into manual, semi-automatic, and fully-automatic, with distinct preferences emerging across different industries. The market is further divided by region, with North America, Europe, Asia-Pacific, and the Rest of the World (RoW) identified as key geographical segments.

Geographical Insights

North America currently holds the dominant share of the commercial baking equipment market, a trend expected to continue during the forecast period. This is due to the expansion of key manufacturers in the region, such as Rademaker, which opened a new facility in the U.S. in February 2023 to meet increasing consumer demand. Additionally, the region’s robust market presence of major companies, such as Middleby Corporation, which acquired Escher Mixers in 2023, is boosting market growth.

In Europe, the market is also expected to grow steadily, driven by the introduction of new bakery equipment tailored to local demands. For example, Mychef launched a new oven range line in November 2021 to serve restaurants, hotels, and catering services.

Competitive Landscape

The commercial baking equipment market features a diverse range of players, including The Middleby Corporation, Edward Don & Company, Baxter, Bongard, Imperial, Erika Record LLC, Pritul Bakery Machines, Revent, Doyon, and Empire Bakery Equipment. These companies are focused on product innovations and strategic expansions to maintain their dominance in the marketplace.

For instance, in October 2021, Baker Perkins launched a new food equipment brand, Infusent, aimed at serving the infused food industry. Moreover, in January 2021, Together Means Greater (TMG) acquired a majority stake in Auto-Bake Industries Ltd. (ABI), which will strengthen their international footprint and product offerings for industrial bakers.

Conclusion

The global commercial baking equipment market is on an upward trajectory, driven by rising demand for convenience food, technological innovations, and consumer trends favoring healthier food options. With new technological advancements, high adoption rates across the food-service industry, and strategic expansions by key market players, the market is poised for robust growth in the coming years.

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