Press release
Meticulous Research® Unveils Comprehensive Report on Global Snacks Processing Equipment Market: Projections to 2031
Meticulous Research®, a distinguished leader in global market intelligence, has recently published an insightful research report titled "Snacks Processing Equipment Market by Type (Conveyors, Sorting, Dryers, Mixing, Cutting, Coating, Packaging), Mode of Operation (Semi/Manual, Automatic), Snack Type (Chips, Extruded Snacks, Bakery & Confectionery), and Geography - Global Forecasts to 2031."Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5275
This latest analysis by Meticulous Research® projects the global snacks processing equipment market to reach a valuation of $1.9 billion by 2031, marking a robust compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. The anticipated market growth is driven by an increasing demand for healthy snacks, the rising popularity of processed and convenience foods, and a heightened focus on food hygiene practices, particularly in the wake of the COVID-19 pandemic. However, the high cost associated with snack processing equipment presents a significant challenge to market expansion.
On the other hand, growing government support for the food processing industry is poised to create lucrative opportunities for industry players. Despite this positive outlook, the market is likely to face obstacles such as a shortage of skilled labor and a consumer shift towards minimally processed food products. A key trend reshaping the market landscape is the integration of automation and smart technologies into snack processing equipment, enabling more efficient and precise production processes.
Market Segmentation & Key Insights
The global snacks processing equipment market is thoroughly segmented based on equipment type, mode of operation, snack type, and geographical regions, providing a comprehensive view of the market's dynamics.
Browse in Depth: https://www.meticulousresearch.com/product/snack-processing-equipment-market-5275
• By Equipment Type: The market is categorized into forming & extruding equipment, conveyors, sorting equipment, dryers, mixing & blending machines, cutting & slicing equipment, fryers & ovens, coating equipment, packaging equipment, cooling & buffering equipment, and others. In 2024, the packaging equipment segment is expected to dominate the market, driven by the increasing need for portable snack packaging solutions, efforts to maintain product freshness, and a rising demand for sustainable packaging. This segment is also anticipated to achieve the highest CAGR throughout the forecast period.
• By Mode of Operation: The market is bifurcated into automated and semi-automated/manual equipment. The semi-automated/manual segment is projected to hold a larger market share in 2024 due to its adaptability in smaller production spaces, lower operational costs, and flexibility in handling diverse product types. However, the automated segment is forecasted to grow at a faster pace, fueled by the need for consistent processing parameters, the adoption of advanced technologies, and an increasing demand for efficiency in high-volume production environments.
• By Snack Type: The report segments the market into chips, extruded snacks, nuts & seeds, non-vegetarian snacks, bakery & confectionery products, grain-based snacks, and other types. In 2024, bakery & confectionery products are expected to lead the market due to a growing demand for premium, artisanal, and portion-controlled snacks. Meanwhile, the chips segment is predicted to experience the highest growth rate, supported by a surge in e-commerce, a shift towards healthier processing methods, and a demand for convenient, on-the-go snacks.
• By Geography: Regionally, Asia-Pacific is poised to dominate the global market, followed by North America and Europe. The significant market share of Asia-Pacific is attributed to an increased consumer awareness of healthier snack options, rising investments from major food & beverage companies, and a growing demand for snack processing equipment that caters to diverse cultural preferences and regional tastes.
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Key Industry Players
Prominent companies operating in the snacks processing equipment market include 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).
Related Reports:
Food Processing Equipment Market - https://www.meticulousresearch.com/product/food-processing-equipment-market-5049
South East Asia Food Processing Equipment Market - https://www.meticulousresearch.com/product/south-east-asia-food-processing-equipment-market-4194
Bakery Processing Equipment Market - https://www.meticulousresearch.com/product/bakery-processing-equipment-market-4854
Meat Processing Equipment Market - https://www.meticulousresearch.com/product/meat-processing-equipment-market-5760
Plant-based Food Processing Equipment Market - https://www.meticulousresearch.com/product/plant-based-food-processing-equipment-market-5493
https://www.meticulousresearch.com/blog/114/a-deep-dive-into-snacks-processing-equipment-revolutionizing-snack-production
https://www.meticulousresearch.com/blog/232/north-america-is-expected-to-dominate-the-plant-based-food-processing-equipment-market
https://www.meticulousresearch.com/blog/212/innovations-in-alternative-protein-processing-equipment
https://www.meticulousresearch.com/blog/138/increased-investment-and-expansions-in-the-plant-based-protein-industry-drive-the-market-for-plant-based-protein-processing-equipment-market
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California, 96001, U.S.
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