Technavio, a tech-focused market research firm, has published a new report on the global baker mixer market, which is expected to grow at a CAGR of close to 8% during the forecast period 2016-2020.
Based on geographical segmentation, Technavio market researchers categorize the global baker mixer market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global baker mixer market are elaborated below:
Baker mixer market in APAC: The rise in demand for high-fiber bakery products in China, India, and South Korea is propelling the demand for bakery equipment, like baker mixers, in the APAC region. During the forecast period, many bakeries are expected to increase their footprint in Japan, in line with the 2020 Olympics, which is scheduled to be held in Tokyo.
According to Abhay Sinha, a lead analyst at Technavio, “The increase in sales of baker mixers is expected to result in higher profitability for the manufacturers, thereby enabling them to do better cash allocation for improved efficiency.”
Baker mixer market in EMEA: Bakeries and restaurants offer a variety of healthy breads that includes low-fat flat breads, high-fiber loaves, and gluten-free ranges to meet evolving consumer preferences. Such innovations with respect to bakery products are projected to aid the growth of the baker mixer market in EMEA during the forecast period. The UK, Spain, and Russia are some of the key revenue generators in this region.
Baker mixer market in the Americas: Expansion of product development, spurred by a surge in demand for on-the-go snacks, is one of the fundamental driving forces behind the demand for baker mixers in the Americas. Many vendors in the market space are offering specialized products to cater to changing consumer demands. For instance, Bake Max, one of the leading players in the region, provides mini dough mixers.
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The top vendors operating in the global baker mixer market are:
- Hobart
- Globe Food Equipment Company
- Robot Coupe
- Baker Perkins
Other prominent vendors in the market include Bake Max, Empire Bakery Equipment, Erika Record Baking Equipment, and Middleby Celfrost Innovations.
A more detailed analysis is available in the Technavio report titled, ‘Global Baker Mixer Market 2017-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Bakery Confectionary Machinery Market 2016-2020
- Global Bakery Packaging Market 2016-2020
- Global Food Processing Machinery Market 2016-2020
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