The Snacks Processing Equipment Market is expected to reach $1.9 billion by 2031, at a CAGR of 6.5% from 2024 to 2031.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.
Additionally, the integration of automation and smart technologies into snack processing equipment is a key trend in the global snacks processing equipment market.
Rising health consciousness has increased consumers’ focus on nutrition, immunity, and well-being. Hectic lifestyles and the growing trend of skipping meals for weight control can lead to a deficiency of essential nutrients. Hence, consumers with busy schedules are increasing their intake of healthy snacks such as nutrition/protein bars, which are an effective way to prevent overeating, manage weight, and satiate hunger. The increasing consumption of healthy snacks is driving the demand for food processing machinery and equipment capable of producing and processing healthy snack products.
Rising health consciousness and health & wellness trends among consumers are encouraging new players to enter the healthy snacks market to leverage the opportunities. For instance, in November 2020, B.T.R. NATION (U.S.) entered the nutrition bar market with the launch of three products—Recharge, Energy, and Zen—nutrition bars containing cashews, almond butter, medium-chain triglyceride oil from coconuts, and a blend of pea and hemp protein. The bars were launched in three flavors—cinnamon cookie dough, dark chocolate brownie, and cherry chocolate chip. Also, in July 2020, Nestlé S.A. (Switzerland) announced the launch of its YES! snack bars rich in plant protein, nuts, and peas. Such developments are boosting the demand for snack processing equipment. The rising demand for healthier snacks is expected to boost the development of more advanced and efficient snack processing equipment, driving the growth of this market.
Click here to: Get Free Sample Pages of this Report
The global consumption of processed and convenience foods has seen a significant rise in recent years. This increase can be attributed to several interconnected factors, including rapid urbanization, changing lifestyles, the shift from joint to nuclear families, and limited time availability for food preparation. Processed/convenience foods are food products that have undergone various stages of preparation, including cooking, and freezing, to enhance shelf life and offer convenience in consumption. Additionally, Asian countries’ exposure to Western snack products, coupled with the introduction of new snack categories and the development of product variants tailored to diverse tastes, contributes to the widespread acceptance of processed food products. Consumers’ acceptance of newer snack options is positively impacting the demand for more versatile snack processing equipment capable of handling a variety of raw materials. Major players in the snacks processing equipment market are focused on providing advanced machinery offering efficiency, scalability, and flexibility to meet the evolving needs of the processed foods industry. Hence, the increasing demand for processed and convenience foods is boosting the adoption of snacks processing equipment, driving the growth of this market.
Snacks Processing Equipment Market Trends
Technological advancements have led to the development of innovative snack processing equipment. The integration of automation and smart technologies into snack processing equipment has enhanced efficiency, precision, and adaptability in snack production. The advances in snack processing equipment include the integration of robotics, Human-Machine Interfaces (HMIs), the Internet of Things (IoT), artificial intelligence, and machine learning. Automation involves the use of robotic systems for tasks such as picking and placing ingredients, handling, and packaging, and even performing complex tasks, including quality inspection, with minimal human intervention. Automated equipment helps companies achieve higher production speeds and improved consistency in snack manufacturing and processing.
Smart technologies, including IoT, also play a key role in enhancing the capabilities of snack processing equipment by facilitating connectivity and data exchange on various parameters such as temperature, humidity, and machine performance between snack processing equipment and control systems. These technologies enable predictive maintenance, reduce downtime, and ensure optimal operations. In snack processing, HMI systems provide real-time data visualization through user-friendly interfaces and touchscreens with controls that enable operators to easily monitor and control snack processing equipment. Snack processing companies are incorporating Artificial Intelligence (AI) and Machine Learning (ML) in quality control to identify and eliminate defective products during snack production. These technologies help companies enhance product inspection, ensuring that snacks meet quality standards in terms of size, shape, and color.
Government support benefits buyers from the food processing industry in several ways, including making food processing equipment more competitive and innovative. Several governments across the globe are offering incentives, such as tax rebates, grants, and low-interest loans, to encourage companies to invest in modernizing their food processing facilities. These initiatives provide financial support to companies, especially SMEs, allowing them to upgrade their food processing capabilities with the latest equipment and integrate advanced technologies to develop innovative products.
Governments across the globe are increasingly recognizing the importance of the food processing sector in fostering economic development, creating employment opportunities, and ensuring food security. As a result, several initiatives have been undertaken by governments across the globe to support food processors, including snack processing companies.
India’s Ministry of Food Processing Industries (MoFPI) is creating an environment for investments through sector-friendly policies and grant-in-aid support for the sector as a part of the Make in India initiative. The Government of India has undertaken several initiatives to support the food processing sector, with provisions for 100% Foreign Direct Investment (FDI).
In 2022, the Government of India announced setting up the Special Food Processing Fund of ~USD 28 billion (INR 2000 crores) with the National Bank for Agriculture and Rural Development (NABARD) to provide companies with affordable credit for investing in setting up Mega Food Parks (MFP) and implementing processing units in the MFPs. Under this fund, loans are extended to individual entrepreneurs, cooperatives, farmers, producer organizations, corporates, joint ventures, SPVs, and entities promoted by the Government of India for setting up, modernizing, and expanding food processing units and developing infrastructure in designated food parks.
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 2024, the packaging equipment segment accounted for the larger share of 15.1% 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 highest CAGR over the forecast period.
Based on mode of operation, the snacks processing equipment market is segmented into automated and semi-automated/manual. In 2024, the semi-automated/manual accounted for the larger share of 49.5% 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.
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 2024, the bakery & confectionary products segment accounted for the largest share of 27.2% 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. Also, the increasing use of automated equipment, including mixing & blending, packaging equipment to maintain uniform taste, texture, distribution of flavors, and extend shelf life and maintain product quality of snacks supports the segment growth.
However, the chips segment is projected to register the highest 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. Also, the increasing need for high quality and consistency of raw materials in the overall chip production process, the growing need for processing equipment including slicing, frying, baking, seasoning, and packaging, and increasing food safety regulations and labeling requirements in chip processing are contributing to the segment’s growth.
In 2024, Asia-Pacific is expected to account for the largest share of 48.1% of the global snacks processing equipment market. Asia-Pacific snacks processing equipment market is estimated to be worth USD 0.57 billion in 2024. The large share of this segment is mainly attributed to the growing consumer awareness and preferences for healthier snack options, increasing demand for snacks 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. Additionally, this region is witnessing tremendous growth in its food & beverage industry primarily due to increasing urbanization, growing health awareness, and rising disposable income levels. Also, understanding the changing regulatory environment and shifting consumer preferences can provide growth opportunities for the market players operating in the region. The region is also projected to register the highest growth rate during the forecast period.
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of 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).
In August 2023, Key Technology, Inc. (U.S.) launched Compass Optical Sorters to help food processors automate and improve quality management for food products, maximize yield, and increase profitability.
In July 2023, Duravant, LLC (U.S.) acquired PPM Technologies Holdings LLC (U.S.), a leading manufacturer of high-quality conveying, coating, and thermal equipment, to enhance its portfolio of automation solutions with new offerings and technologies.
|
Particulars |
Details |
|
Number of Pages |
218 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR (Value) |
6.5% |
|
Market Size (Value) |
USD 1.9 Billion by 2031 |
|
Segments Covered |
By Equipment Type
By Mode of Operation
By Snack Type
|
|
Countries Covered |
Europe (Germany, U.K., Italy, France, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), North America (U.S., Canada), Latin America, and the Middle East & Africa |
|
Key Companies |
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). |
The snacks processing equipment market study focuses on the market assessment and opportunity analysis through the sales of various snacks processing equipment across different regions, and countries across different market segmentations, this study is also focused on competitive analysis for snacks processing equipment based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.
The global snacks processing equipment market is projected to reach $1.9 billion by 2031, at a CAGR of 6.5% during the forecast period.
In 2024, the packaging equipment segment accounted for the larger share of 15.1% 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 chips segment is projected to register the highest 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. Also, the increasing need for high quality and consistency of raw materials in the overall chip production process, the growing need for processing equipment including slicing, frying, baking, seasoning, and packaging, and increasing food safety regulations and labeling requirements in chip processing are contributing to the segment’s growth.
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. Furthermore, increasing government support for the food processing industry is expected to generate growth opportunities for the players operating in this market.
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).
Asia-Pacific region will offer significant growth opportunities for the vendors in the snacks processing equipment market during the analysis period. In countries like China, Japan, India, and Singapore, the growing urbanization, changing consumer lifestyles, and increasing disposable incomes are driving the demand for convenient and packaged snack products in these countries. As a result, there is a rising need for advanced snacks processing equipment to meet the production requirements of snack manufacturers efficiently.
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jan-2024
Published Date: Jan-2024
Published Date: Dec-2023
