By Sean Riley on Dec 18, 2018
ProFood Tech Feeds Growing Snack Food Market
In 2015 the global savory snack food market was worth $94.3 billion and is expected to grow to $220 billion by 2025 according to the 2018 Assessment of the Snack Foods Market report produced by PMMI, The Association for Packaging and Processing Technologies. As the second largest market for snack foods, accounting for 33 percent of market value, North American snack food manufacturers can find the most comprehensive food and beverage processing technologies and solutions at ProFood Tech (March 26-28, 2019; McCormick Place, Chicago).
Powered by three of the world’s trade show leaders – PACK EXPO, Koelnmesse (organizer of Anuga) and the International Dairy Foods Association (IDFA) – this biennial processing show in Chicago is unprecedented in its ability to bring the industry together and address the key issues facing food and beverage processing operators in North America. The show will include 7,000 processing professionals and 400 of the world’s top suppliers spanning 125,000 net square feet of exhibit floor and 25 hours of blockbuster educational programming.
Of the North American snack food market, sweet snacks account for 60 percent, and savory snacks account for 40 percent, per the report, with savory snacks growing at a greater rate than sweet.
Over the next two to three years, snack foods manufacturers are expected to invest heavily in X-ray machines and foreign object detection mostly due to Food Safety Modernization Act (FSMA) regulations and the need to reduce scrap costs. Snack food manufacturers are looking for improved sanitary design, ease of maintenance and operation and reduced lead times for machines and parts ordered.
Download the 2018 Assessment of the Snack Food Market to learn more.
Snack food manufacturers can find all the processing solutions they crave by attending ProFood Tech. Register for only $30 until March 1 (after which the price increases to $100). For more information and to register online, visit profoodtech.com.