Meticulous Research®—a prominent global market research firm—has released a new 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 2031.’

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The report forecasts that the global snacks processing equipment market will reach $1.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. This growth is attributed to increased consumption of healthy snacks, a rising demand for processed and convenience foods, and heightened consumer emphasis on food hygiene since the COVID-19 pandemic. Despite these positive trends, the market faces challenges such as the high cost of snack processing equipment, a shortage of trained labor, and a growing consumer preference for minimally processed foods. However, increased government support for the food processing industry presents growth opportunities.

A notable trend in the market is the adoption of automation and smart technologies in snack processing equipment.

Market Segmentation:
• By Equipment Type: The market is divided into forming & extruder equipment, conveyers, 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 lead the market due to the increasing demand for convenient, portable packaging, sustainable solutions, and compliance with food safety regulations. This segment is projected to experience the highest CAGR during the forecast period.

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• By Mode of Operation: The market is segmented into automated and semi-automated/manual equipment. In 2024, semi-automated/manual equipment is expected to hold a larger market share due to its adaptability, lower operational costs, and flexibility. However, the automated segment is anticipated to grow at a faster rate owing to the need for processing consistency, advanced technologies, and increased production efficiency.

• By Snack Type: The market includes segments such as chips, extruded snacks, nuts & seeds, non-vegetarian snacks, bakery & confectionery products, grain-based snacks, and others. In 2024, the bakery & confectionery products segment is expected to dominate the market due to the growing demand for diverse, high-quality snacks and single-serve packaging. However, the chips segment is projected to see the highest CAGR, driven by trends in e-commerce, healthier processing methods, and on-the-go consumption needs.

• By Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to account for the largest share in 2024, supported by increasing consumer awareness, regional taste preferences, rising investments, and demand for allergen-free snack options. North America and Europe will follow as significant markets.

Key Players:
The leading companies 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).

Quick Buy – Snacks Processing Equipment Market – Global Opportunity Analysis and Industry Forecast (2024-2031), Research Report: https://www.meticulousresearch.com/Checkout/57155815

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