Processed Snacks Equipment Market is Expected to Witness Prolific Demand: Projected to Touch USD 10.9 Billion by 2026

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Global Processed Snacks Equipment Market-
Industry Trends Forecast Report 2026 Processed
Snacks Equipment Market is Expected to Witness
Prolific Demand Projected to Touch USD 10.9
Billion by 2026 A study recently
conducted by the strategic consulting
and market research firm, Blue Weave
Consult ing, revealed that the global p
rocessed snacks e quipm en t ma rke t is
expected to reach USD 10.9 billion by 2026,
at a CAGR of 2.3 from 2017-227 (forecast
period). The market is exhibiting strong growth
with the rising demand for food products
globally, and increasing investment
opportunities in food processing. The markets in
North America and Europe have been growing
consistently due to the strong presence of
established food beverage processing
industry and international processed snack
equipment manufacturers in those regions.
Additionally, the increasing disposable
income and rapid urbanization in developing
countries such as India, Brazil, and China
are propelling the demand for processed food
and convenience food. Increased focus on
production efficiency, processing time, and
quality of food products Owing to the
increasing food raw materials prices,
rising labor costs, and higher energy
costs, manufacturers of end-products are
currently concentrating on improving their
production efficiency. Furthermore, measures
are being taken to eliminate food wastage
during manufacturing and to ensure that raw
materials are used effectively. The emphasis
is also on reducing energy consumption and
embracing renewable energy for minimizing
production costs and improving profitability.
Equipment manufacturers who employ
technologies such as non-thermal
processing and UHT (Ultra-high temperature
processing) for food products are launching
numerous new processed snack equipment.
Compared to conventional processes and
semi-automatic systems that involve human
interaction, the new devices work better.
The wide acceptance of snack processing
equipment has also enabled food processing
equipment manufacturers to design and produce
more customer-friendly processed snack
equipment that provides versatility in terms
of capacity expansion, thereby increasing
mobility and processing control. Bakery and
Confectionery occupy the largest market share by
Application Bakery Confectionery had a market
share of 50.7 in 2020, with a CAGR of 2.2
during the forecast period (2021-2026). There
is a strong demand for ultra-processed
bakery products in developed countries such
as the UK, Germany, the US, Canada, and
Spain. The companies in the bakery and
confectionery industry process raw materials into
baked goods, and package and distribute them
through various distribution channels to both
individual customers and commercial
establishments. The bakery processing industry
has witnessed significant technological
advancement in the bakery processing
equipment assembly line over the years.
Technological advancements have
significantly reduced manufacturing costs
while meeting the demand of consumers. Therefore,
the key players i n the market are opting for new
technologies, which include Automated Spray
Systems, WP intelligent Energy Control (IEC), and
reflective coatings.
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Global Processed Snacks Equipment Market
Regional Insights The Asia-Pacific
(APAC)accounted for the largest share of over 41
in 2020 and would continue to lead during the
forecast period as well. Due to the rapid
growth of the food processing industry, along
with factors such as the growing number of
domestic food manufacturers, increasing food
consumption, and strong government support,
the demand for processed snacks equipment
in this region is growing rapidly, leading to
greater use of processing equipment by food
beverage producers in the region. On the other
hand, Europe is expected to hold the
second-largest share in the market, with 28.1
by 2026, growing at a CAGR of 2.1 during
2021-2026. The Leading Players in the Market
Marel HF, GEA Group AG, JBT Corporation,
Buhler Group, TNA Solutions Pty Ltd, Bucher
Industries AG, Equipamientos Carnicos, Clextral
S.A.S, and Bigtem Makine, and Marel HF.
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