by The bond breaker market comprises machinery and equipment used for separating or breaking bonds between food products or ingredients. Bond breakers help separate breaded meats, vegetables, or seafood products and also separate bonded foods in ready meals. They work on the principle of vibration technology to effectively break bonds without damaging the product. The growing demand for convenience and packaged food products is boosting the bond breaker market. The Global Bond Breaker Market is estimated to be valued at US$ 1.49 billion in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the bond breaker market are Nomad Foods Ltd., Bakkavor Foods Ltd., General Mills, McCain Foods, Premier Foods Group Ltd., 2 Sisters Food Group, Greencore Group Plc.,Orkla ASA, ConAgra Foods Inc., ITC Limited. The growing working population and busy lifestyles have increased the demand for convenience and packaged food products where bond breakers are useful in processing. Several food manufacturers are automating food production and installing bond breaking equipment to increase efficiencies. The bond breaker market is expanding globally with food companies establishing facilities overseas to cater to the growing demand.
Market Key Trends
Automation is a key trend in the Bond Breaker Market Trends with food manufacturers increasingly automating food production lines for better control, consistency and productivity. Fully automated bond breaking systems are being integrated with other food processing equipment to create seamless production workflows. This is driving the replacement of manual and semi-automated bond breakers with advanced automated machines capable of handling higher volumes and throughput. Automation is allowing food companies to meet the growing demand for packaged foods in a cost-effective and timely manner.
Porter’s Analysis
Threat of new entrants: New entrants face high costs to enter market and establish brand name and distribution network. Bargaining power of buyers: Individual buyers have low bargaining power against established brands However, large retail chains have significant influence on pricing. Bargaining power of suppliers: Few raw material suppliers and established relationships give them some bargaining power over buyers. Threat of new substitutes: Substitute products pose minimal threat given that bond breaker products offer convenience and taste that substitutes cannot easily match. Competitive rivalry: Intense competition among existing players pressure prices down and increase spending on marketing to gain customer loyalty.
Geographical Regions
Currently, North America holds the largest share of the global bond breaker market, primarily driven by rising demand for convenience food products. The region witnesses high consumption of frozen foods owing to fast-paced lifestyle and busy schedules of working individuals.
Asia Pacific region is projected to be the fastest growing market during the forecast period, owing to changing food consumption patterns and rapidly growing population in countries such as China, India and Southeast Asian countries. Rapid urbanization and increasing disposable income have led to rising expenditure on processed and ready-to-eat food items in Asia Pacific.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
