Snacks Processing Equipment Market to be Worth $1.7 Billion by 2030

[Redding, California, January 29, 2024] - Meticulous Research®, a leading market intelligence provider, unveils compelling insights into the Snacks Processing Equipment Market, projecting a robust growth trajectory that is expected to culminate in a market valuation of $1.7 billion by 2030, registering a commendable CAGR of 6.0% from 2023 to 2030.

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The Snacks Processing Equipment Market plays a pivotal role in enhancing the efficiency and productivity of snack production, catering to the diverse demands of consumers in the highly competitive snack industry. This equipment optimizes production processes, ensures product consistency, and automates the entire manufacturing continuum, from raw material handling to the final packaging of snacks.

Comprising a versatile array of machinery and tools, such as forming & extruder equipment, cutting & slicing devices, fryers & ovens, and packaging equipment, among others, snacks processing equipment serves the crucial functions of preparation, cooking, packaging, and overall production of various snack foods. These advanced processing tools contribute significantly to increased productivity, precise ingredient mixing, optimal cooking and baking conditions, and accurate packaging.

According to the latest publication by Meticulous Research®, the global Snacks Processing Equipment Market is anticipated to achieve a valuation of $1.7 billion by 2030, driven by factors such as the growing consumption of healthy snacks, escalating demand for processed and convenience foods, and heightened consumer focus on food hygiene post the COVID-19 pandemic. However, the market faces challenges like the high cost of snack processing equipment. Nevertheless, increased government support for the food processing industry is expected to generate growth opportunities for industry players, despite challenges posed by the shortage of trained labor and the rising consumer inclination toward minimally processed food products.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/snack-processing-equipment-market-5275

The Snacks Processing Equipment Market is meticulously analyzed, with a detailed segmentation based on equipment type (forming & extruder equipment, conveyors, sorting equipment, dryers, mixing & blending machines, cutting & slicing equipment, fryers & ovens, coating equipment, packaging equipment, cooling & buffering equipment, and other equipment), mode of operation (automated, semi-automated, manual), snack type (chips, extruded snacks, nuts & seeds, bakery & confectionery products, non-vegetarian snacks, grain-based snacks, and other snack types), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa). The study also encompasses a comprehensive evaluation of industry competitors, analyzing the market at both country and regional levels.

Key Findings:
• Packaging equipment segment dominated the market in 2023, driven by the increasing need for convenient and portable snack packaging solutions, demand for sustainable packaging, and regulatory standards.
• Semi-automated/manual mode of operation held a larger market share in 2023 due to adaptability to smaller spaces, lower maintenance expenses, and flexibility in handling diverse product types.
• Bakery & confectionery products segment accounted for the largest market share in 2023, fueled by the demand for diverse high-quality baked and confectionery snacks, single-serve packaging, and premium artisanal offerings.

Geographically, Asia-Pacific led the market in 2023, followed by North America and Europe, with a projected rapid growth trajectory. The significant market share in Asia-Pacific is attributed to the increasing application of packaged foods, a concentration of local packaging equipment manufacturers, growing consumer awareness for healthier snacks, and rising investments from major food & beverage players.

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The report offers comprehensive competitive intelligence, including financials, growth strategies, product portfolios, and geographical presence, highlighting key players in the market such as Marel (Iceland), GEA Group Aktiengesellschaft (Germany), Bühler AG (Switzerland), John Bean Technologies Corporation (U.S.), Syntegon Technology GmbH (Germany), Alfa Laval AB (Sweden), Clextral S.A.S. (France), Heat and Control, Inc. (U.S.), Key Technology, Inc. (U.S.), Tetra Pak (Switzerland), Baker Perkins Ltd. (U.K.), Kiremko B.V. (Netherlands), AC Horn Manufacturing (U.S.), Ishida Co., Ltd. (Japan), NP & Company, Inc. (Japan), Dayi Machine (China), Cablevey Conveyors (U.S.), Kiron Food Processing Technologies LLP (India), Grace Food Processing and Packaging Machinery, Inc. (India), Tsung Hsing Food Machinery Co., Ltd. (Taiwan), and Jinan Sunward Machinery Co., Ltd. (China).

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This release was published on openPR.