Bakery Processing Equipment Market worth $11.4 billion by 2025
CHICAGO, Aug. 24, 2020 /PRNewswire/ -- According to the new market research report "Bakery Processing Equipment Market by Type (Mixers, Ovens & Proofers, Slicers), Application (Bread, Cookies & Biscuits, Cakes & Pastries), End User (Foodservice Industry and Bakery Processing Industry), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Bakery Processing Equipment Market is estimated to account for nearly USD 8.9 billion in 2020 and is projected to reach a value of nearly USD 11.4 billion by 2025, growing at a CAGR of 5.0% from 2020. The growth of the bakery processing equipment market is attributed to the increasing trade of food processing equipment among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Bakery processing equipment helps in transforming raw ingredients into baked items through various physical and chemical techniques. The bakery processing equipment market is witnessing significant growth due to the increasing consumption of bakery products in developing countries such as India, China, South Africa, and Brazil, compelling manufacturers to increase production.