| Product Code: ETC375024 | Publication Date: Aug 2023 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India bakery processing equipment market import shipments demonstrated robust growth from 2020 to 2024, with a notable CAGR of 18.2%. The market accelerated significantly between 2023 and 2024, with a remarkable growth rate of 75.6%, indicating a strong upward momentum and expansion in the market.
The India bakery processing equipment market size was valued at USD 606 million and is projected to reach USD 883 million growing at a CAGR of 5.7% over the forecast period. The increasing demand for bakery products due to changing consumer preferences have been driving the growth of this industry over the last few years with government initiatives encouraging modern bakeries that use advanced equipment being one such factor aiding its expansion across markets like urban areas where consumers prefer baked food items as an alternative to traditional snacks & meals.
The bakery processing equipment market in India is influenced by the growth of the bakery and confectionery industry. As consumer preferences shift towards convenience food products, bakeries are investing in modern processing equipment to improve efficiency and quality. The market drivers include the rising disposable income, urbanization, and changing lifestyles leading to increased demand for bakery products.
The bakery processing equipment market in India has experienced substantial growth due to the increasing demand for processed bakery products. As the India population becomes more urbanized and inclined toward convenience foods, the bakery industry has expanded, leading to higher demand for modern bakery processing equipment. However, several challenges need to be addressed to ensure sustained growth in this market. One significant challenge is the relatively high cost of advanced bakery processing equipment, which can be prohibitive for small and medium-sized bakeries. To widen their customer base, equipment manufacturers must explore options to offer cost-effective solutions without compromising on quality and efficiency. Additionally, the lack of skilled labor in operating and maintaining sophisticated bakery equipment poses a challenge for both manufacturers and bakery owners. Proper training and technical support become essential to optimize the utilization of the equipment and minimize downtime. Furthermore, the market faces increasing regulatory scrutiny regarding food safety and hygiene standards. Compliance with these regulations becomes critical for manufacturers to instill trust in their equipment`s safety and reliability. Market players must also continuously innovate to keep up with changing consumer preferences and offer equipment that can cater to a diverse range of bakery products. Meeting these challenges will be key to sustaining growth in the India bakery processing equipment market.
The bakery processing equipment market in India involves machinery and tools used in the baking industry, such as ovens, mixers, dough sheeters, and proofing equipment. The growth of this market is driven by the expansion of the bakery sector, changing consumer preferences, and increasing demand for bakery products. During the COVID-19 pandemic, the bakery industry might have faced challenges due to reduced footfall in retail outlets, but there could have been an increase in demand for packaged and convenience bakery products as people shifted to home consumption.
In the bakery processing equipment market in India, you could find companies like B?hler AG, GEA Group AG, Heat and Control, Inc., Baker Perkins Ltd, and Markel Food Group.
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