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Technavio’s market research analyst predicts the global commercial baking equipment market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in the number of food service establishments preparing baked goods. This increase in the rapid rise of the food service establishments can be attributed to the change in customer preferences towards simple baked goods that are both healthy and organic.
Also, the expansion of bakery chains is significantly contributing to the growth of the commercial baking equipment market. Owing to the growing demand for healthy and organic baked products, a number of vendors are attempting to open several stores in various regions of the globe. For instance, in 2015, Croatia-based Mlinar Bakery announced its plans to open multiple bakeries across Germany by the end of 2020. This consumer shift towards freshly baked products will segment the growth of the commercial baking equipment market during the forecast period.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
Tags: kitchen equipment, food service, kitchen appliances, kitchen products, commercial baking equipment top companies, commercial baking equipment market trends,
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