Global Snacks Processing Equipment Market: Trends, Innovations, and...

Global Snacks Processing Equipment Market: Trends, Innovations, and Forecast to 2030

Posted 2024-11-21 09:54:51

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Meticulous Research®, a leading global market research firm, has recently published a comprehensive 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." This research delves into the global snacks processing equipment market, offering an in-depth analysis of market trends, growth factors, challenges, and opportunities across various regions and segments.

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Market Overview

According to Meticulous Research®, the global snacks processing equipment market is expected to reach a value of $1.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030. This growth is driven by several factors, including the increasing consumption of healthier snack options, the rising demand for processed and convenience foods, and a heightened focus on food safety and hygiene, particularly in the wake of the COVID-19 pandemic. Despite these positive trends, the high cost of advanced snack processing equipment remains a significant barrier for market growth. Additionally, labor shortages and the increasing preference for minimally processed foods present challenges for the industry.

One of the major trends shaping the market is the integration of automation and smart technologies into snack processing equipment. These innovations are aimed at improving processing efficiency, ensuring product quality, and meeting evolving consumer demands. This trend reflects a broader movement towards digitization and Industry 4.0, as manufacturers seek to optimize production capabilities and reduce operational costs.

Market Segmentation

The global snacks processing equipment market is segmented based on equipment type, mode of operation, snack type, and geography. The report provides a detailed analysis of each of these segments, helping industry stakeholders understand the current market landscape and future opportunities.

1. Equipment Type

The market is divided into several categories based on the type of equipment used in the processing of snacks. These include forming & extruder equipment, conveyers, sorting equipment, dryers, mixing & blending machines, cutting & slicing equipment, fryers & ovens, coating equipment, packaging equipment, cooling & buffering equipment, and other types of equipment.

In 2023, packaging equipment held the largest market share, driven by the growing demand for convenient, portable, and hygienic packaging solutions. Consumers increasingly prefer snacks that are easy to carry and consume on the go, which has led to a surge in the demand for innovative packaging solutions. Additionally, the need to maintain freshness and extend the shelf life of snacks, along with the growing emphasis on sustainability, has contributed to the growth of the packaging equipment segment. The increasing rise of e-commerce and stringent food safety regulations further support the demand for advanced packaging solutions. The packaging segment is projected to continue its dominance in the coming years, with a higher CAGR forecasted during the 2023-2030 period.

Other equipment types such as fryers & ovens, coating machines, and mixing & blending equipment are also essential for various snack processing functions, each contributing to different aspects of snack production. For example, fryers & ovens are crucial for the preparation of snacks like chips and extruded products, while mixing and blending machines are vital for uniform ingredient distribution in snacks like bakery products and extruded items.

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2. Mode of Operation

The snacks processing equipment market is further segmented based on the mode of operation into automated and semi-automated/manual categories.

In 2023, the semi-automated/manual segment accounted for the largest market share. This is primarily because semi-automated equipment offers several advantages, including adaptability to smaller production spaces, minimal specialized skills required for operation, lower upfront capital investments, reduced downtime, and flexibility in handling diverse snack products and recipe variations. Semi-automated solutions are particularly attractive to small- and medium-sized snack producers who require greater operational flexibility and cost-efficiency.

Despite the strong presence of semi-automated equipment, the automated segment is expected to experience higher growth in the coming years. Automation offers numerous benefits, including improved consistency in processing parameters, higher production efficiency, and the ability to handle larger volumes of raw materials and finished products. Moreover, automated equipment helps reduce reliance on manual labor, offering manufacturers a way to mitigate labor shortages and increase operational efficiency. The integration of smart technologies, such as advanced sensors and artificial intelligence (AI), further enhances the appeal of automated systems, making them increasingly popular across the snack processing industry.

3. Snack Type

The snacks processing equipment market is also segmented based on the type of snacks being processed. These categories include chips, extruded snacks, nuts & seeds, non-vegetarian snacks, bakery & confectionery products, grain-based snacks, and other snack types.

The bakery & confectionery products segment represented the largest share of the global snacks processing equipment market in 2023. This can be attributed to the growing demand for high-quality and diverse baked goods, including artisanal products, as well as portion-controlled snacks and single-serve packaging. As consumers increasingly seek healthier and premium snack options, manufacturers are investing in advanced processing equipment to meet these demands for high-quality snacks.

The chips segment, however, is expected to exhibit the highest growth rate during the forecast period. This growth is fueled by the increasing popularity of healthy snack options, such as baked and air-fried chips, which are perceived as healthier alternatives to traditional fried chips. Additionally, the growth of e-commerce and the demand for convenient, on-the-go snack options are further propelling the demand for chips processing equipment.

4. Geography

Geographically, the snacks processing equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

In 2023, the Asia-Pacific region was expected to account for the largest share of the global market. This region’s dominance is driven by several factors, including the rising consumer awareness regarding healthier snack choices, the increasing demand for equipment that caters to diverse regional tastes and preferences, and the growing investments by major food and beverage companies in new snack manufacturing facilities. Furthermore, there is a rising demand for gluten-free, allergen-free, and other specialized snack products, which is pushing snack manufacturers to adopt advanced processing technologies.

North America and Europe also represent significant markets for snacks processing equipment, driven by a growing preference for convenient and health-conscious snack options. The demand for innovative packaging solutions, coupled with rising consumer interest in premium and artisanal snacks, has fueled the need for advanced processing technologies in these regions.

Key Players in the Snacks Processing Equipment Market

The global snacks processing equipment market is highly competitive, with several key players leading the industry. These companies are continuously innovating and investing in advanced technologies to meet the evolving needs of snack manufacturers. Some of the prominent players in the 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)
Jinan Sunward Machinery Co., Ltd. (China)

These companies are leveraging their technological expertise to develop advanced snack processing equipment that meets the growing demand for efficiency, product consistency, and sustainability in the food industry.

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Conclusion

The global snacks processing equipment market is poised for significant growth in the coming years, driven by the increasing demand for healthier snacks, advancements in food processing technologies, and rising consumer expectations for high-quality and convenient snack products. While challenges such as high equipment costs and labor shortages persist, the integration of automation and smart technologies offers promising growth opportunities. As the market continues to evolve, manufacturers and stakeholders must adapt to changing consumer preferences, regulatory standards, and technological innovations to remain competitive in this dynamic industry.

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