Meticulous Research®—a leading global market research company, published a research report titled, ‘Snacks Processing Equipment Market By Type (Conveyers, Sorting, Dryers, Mixing, Cutting, Coating, Packaging, Mode of Operation (Semi/Manual, Automatic), Snack Type (Chips, Extruded Snacks, Bakery & Confectionery), and Geography—Global Forecasts to 2030.’
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According to this latest publication from Meticulous Research®, the global snacks processing equipment market is projected to reach $1.7 billion by 2030, at a CAGR of 6% from 2023 to 2030. The growth of the snacks processing equipment market is driven by the growing consumption of healthy snacks, the rising demand for processed/convenience foods, and consumers’ increased focus on food hygiene since the COVID-19 pandemic. However, the high cost of snack processing equipment restrains the growth of this market. Furthermore, increasing government support for the food processing industry is expected to generate growth opportunities for the players operating in this market. However, the shortage of trained labor and consumers’ increasing inclination toward minimally processed food products are major challenges impacting the market’s growth.
The integration of automation and smart technologies into snack processing equipment is a key trend in the global snacks processing equipment market.
The global snacks processing equipment market is segmented by equipment type, mode of operation, snack type, and geography. The study also evaluates industry competitors and analyzes the market at the region/country level.
Based on equipment type, the snacks processing equipment market is segmented into forming & extruder equipment, conveyers, sorting equipment, dryers, mixing & blending machines, cutting & slicing equipment, fryers & ovens, coating equipment, packaging equipment, cooling & buffering equipment, and other equipment. In 2023, the packaging equipment segment accounted for the larger share of the global snacks processing equipment market. The large share of this segment is mainly attributed to the increasing need for convenient and portable snack packaging solutions for consumers to carry and consume on the go, the need to maintain the freshness and extend the shelf life of snacks, the growing demand for sustainable packaging solutions, the rise of e-commerce, and stringent regulations regarding food safety and packaging standards. The segment is projected to register the higher CAGR over the forecast period.
Based on mode of operation, the snacks processing equipment market is segmented into automated and semi-automated/manual. In 2023, the semi-automated/manual accounted for the larger share of the global snacks processing equipment market. The large share of this segment is mainly attributed to their adaptability to smaller spaces, needing less specialized skills to operate, need to reduce downtime, lower maintenance expenses, lower upfront capital investment compared to automated equipment, and the increasing demand for flexibility in handling diverse product types and recipe variations for niche markets.
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However, the automated segment is projected to register a higher CAGR over the forecast period due to the increasing need to ensure consistency in processing parameters, integration of advanced technologies, including smart packaging, growing demand for higher production efficiency, reducing the reliance on manual labor, and the increasing need to handle larger volumes of raw materials and finished products.
Based on snack type, the snacks processing equipment market is segmented into chips, extruded snacks, nuts & seeds, non-vegetarian snacks, bakery & confectionery products, grain-based snacks, and other snack types. In 2023, the bakery & confectionary products segment accounted for the largest share of the global snacks processing equipment market. The large share of this segment is mainly attributed to the increasing demand for diverse and high-quality baked & confectionery snacks, growing demand for single-serve packaging and portion-controlled snacks, and increasing demand for premium and artisanal bakery & confectionery snacks.
However, the chips segment is projected to register a higher CAGR over the forecast period. Factors such as the growth of e-commerce, the growing shift toward healthier processing methods, including baked and air-fried snack options, and the growing demand for convenient and portable snacks for on-the-go consumption are supporting the segment’s growth.
Based on geography, the global snacks processing equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global snacks processing equipment market, followed by North America and Europe. The large market share of Asia-Pacific is mainly attributed to the growing consumer awareness and preferences for healthier snack options, increasing demand for snack processing equipment that can meet diverse cultural preferences and regional tastes, rising investments from major food & beverage players, expansion and establishment of new snack manufacturing facilities, and the rising demand for gluten-free and allergen-free snack options.
Key Players:
The key players operating in the snacks processing equipment market are 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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Key questions answered in the report:
• Which are the high-growth market segments based on equipment type, mode of operation, snack type, and geography?
• What was the historical market for snacks processing equipment market?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, opportunities, and challenges in the snacks processing equipment market?
• Who are the major players, and what shares do they hold in the snacks processing equipment market?
• How is the competitive landscape in the snacks processing equipment market?
• What are the recent developments in the snacks processing equipment market?
• What are the different strategies adopted by the major players in the snacks processing equipment market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global snacks processing equipment market, and how do they compete with the other players?
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