Meticulous Research®, a renowned global market research firm, has released a new 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.’

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The report forecasts that the global snacks processing equipment market will reach $1.9 billion by 2031, growing at a CAGR of 6.5% from 2024 to 2031. This growth is attributed to the increasing consumption of healthy snacks, rising demand for processed and convenience foods, and heightened consumer focus on food hygiene following the COVID-19 pandemic. Challenges such as high equipment costs and a shortage of skilled labor could temper market expansion. However, rising government support for the food processing industry is expected to create significant opportunities for market players. The trend toward automation and smart technologies in snack processing equipment is also a notable factor driving market growth.

Market Segmentation:
• By Equipment Type: The market is categorized into forming & extruder 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 projected to dominate due to its role in providing convenient, portable solutions, maintaining snack freshness, and complying with stringent food safety regulations. This segment is anticipated to experience the highest CAGR over the forecast period.

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• By Mode of Operation: The market is divided 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 to smaller spaces, lower operational costs, and flexibility. However, the automated segment is predicted to grow at a faster rate, driven by the need for consistent processing parameters, advanced technology integration, and increased production efficiency.

• By Snack Type: The market includes chips, extruded snacks, nuts & seeds, non-vegetarian snacks, bakery & confectionery products, grain-based snacks, and other types. In 2024, the bakery & confectionery products segment is expected to lead the market due to growing demand for diverse, high-quality snacks and premium artisanal options. Conversely, the chips segment is projected to grow at a higher CAGR, supported by e-commerce expansion, healthier processing methods, and demand for convenient, portable snacks.

• By Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to hold the largest market share, driven by increasing consumer preference for healthier snacks, diverse regional tastes, rising investments from food & beverage companies, and the demand for gluten-free and allergen-free options. North America and Europe are also significant markets.

Key Players:
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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