Global Demand for Bakery Processing Equipment is Expected to Reach $19.5 billion by 2030
A new report from Industry Experts Inc, on " Bakery Processing Equipment ", is released. As per this new global market report, the demand for Bakery Processing Equipment is projected to reach US$19.5 billion by 2030 from an estimated US$13.6 billion in 2024 at a CAGR of 6.2% between 2024 and 2030. Increasing acceptance of convenience food products due to busy lifestyles, automatic technology in the bakery processing sector, availability of healthy options in bakery products, various inclusions in bakery products that enhance their taste & flavor and also provide better shelf-life, and manufacturers shifting focus towards product research and development to create cost-effective and energy efficient equipment are some of the major factors driving the demand for Bakery Processing Equipment. Asia-Pacific is anticipated to hold the largest share in the global market for Bakery Processing Equipment during the analysis period because of rising demand for fast food...