Baking Powder Market Growth, Trends, And Forecast (2018 – 2023) | Market Data Forecast
Recent Developments
GEA Group AG is global equipment and process technology provider for the food industry and a wide range of other industries. Around one-quarter of the milk processes is controlled by GEA equipment, one in three instant coffee lines has been built by GEA and every third chicken nugget is processed with GEA equipment. GEA has firmly moved into the bakery sector of the food industry with its takeover of COMAS in Italy. The bakery is the latest sector for GEA, broadening and strengthening its position in the food industry and adding an exclusively new set of equipment to the GEA product portfolio. By including bakery technology in the GEA scope of supply, the company has enlarged its ability to provide turnkey solutions, from a single source, for its food industry customers.
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Market Segmentations
Market Data Forecast published a report named Bakery Processing Equipment Market. It is valued around USD 11.79 billion in 2018 and estimated to be growing at a CAGR of 7.5 %, to reach USD 16.93 billion by 2023.
Report is segmented by –
Type
Ovens & Proofers,
Mixers,
Sheeters & Molders,
Dividers.
Application
Cookies & Biscuits,
Bread,
Pizza Crusts,
Cakes & Pastries
Based on the type, Sheeters & Molders segment dominate the market in terms of value and is also projected to grow at higher CAGR. On the bases of application, Bread segment leads the global market in terms of value. Pizza Crusts segment is expected to grow at largest CAGR owing to the increased consumption of pizza worldwide.
Geographical Segmentation:
Based on the geography the market is analyzed under several regions namely, North America, Europe, Asia-Pacific. Asia-Pacific accounted for the highest market share in the Bakery Processing Equipment followed by Europe and North America.
Key market players in the market are –
Buhler holding AG,
Ali Group S.p.A,
GEA Group AG,
Heat and Control, Inc.,
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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