Meticulous Research®, a prominent global market research firm, has published 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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According to the report, the global snacks processing equipment market is projected to reach $1.9 billion by 2031, with a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. This growth is fueled by increasing consumption of healthy snacks, rising demand for convenience foods, and a heightened focus on food hygiene post-COVID-19. Despite these drivers, challenges such as high equipment costs, a shortage of skilled labor, and a growing preference for minimally processed foods could impede market expansion. Nevertheless, enhanced government support for the food processing sector is anticipated to create new opportunities for industry players.

A major trend influencing the market is the integration of automation and smart technologies into 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 its role in providing convenient and portable solutions, maintaining snack freshness, and adhering to stringent food safety regulations. This segment is projected to experience the highest CAGR over the forecast period.

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• By Mode of Operation: The market is categorized into automated and semi-automated/manual equipment. In 2024, semi-automated/manual equipment is expected to dominate due to its adaptability, lower operational costs, and flexibility. However, the automated segment is expected to grow at a faster rate, driven by the need for processing consistency, advanced technology integration, and increased production efficiency.

• By Snack Type: The market is segmented into chips, extruded snacks, nuts & seeds, non-vegetarian snacks, bakery & confectionery products, grain-based snacks, and others. In 2024, the bakery & confectionery products segment is anticipated to hold the largest market share due to demand for diverse and premium snacks. Conversely, the chips segment is projected to grow at a higher CAGR, supported by e-commerce growth, healthier processing methods, and a demand for convenient snacks.

• By Geography: The market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to capture the largest market share, driven by increasing consumer awareness, diverse regional tastes, and rising investments from food & beverage companies. North America and Europe will follow as significant markets.

Key Players:
The key players 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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