Top 10 Companies in Snacks Processing Equipment Market | Meticulous Blog

According to the latest publication from Meticulous Research®, the global snacks processing equipment market is projected 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.