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Anticipated Growth: Plant-based Protein Processing Equipment Market Set to Hit $1.68 Billion by 2029 Meticulous Research®—a leading global market research company, published a research report titled, ‘Plant-based Protein Processing Equipment Market by Type (Dryers, Centrifuges, Filtration Systems, Mixers, Evaporators), Mode of Operation (Automatic), Production Capacity (SMEs, Large Scale), Application (Soy Protein, Pea Protein) — Global Forecast to 2029.’ In the latest report by Meticulous Research®, the global market for plant-based protein processing equipment is anticipated to reach $1.68 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 4.2% from 2022 to 2029. This growth is propelled by several factors including the need for enhanced productivity, efforts by plant-protein manufacturers to lower production costs, increased investments in the plant-based protein industry, and the rising utilization of plant protein in various food and beverage applications. Additionally, burgeoning markets such as Asia, Latin America, and Africa, coupled with the expanding plant-based food market, are set to offer lucrative prospects for industry participants. In terms of type, equipment categories include dryers, centrifuges, filtration systems, mixing systems, evaporators, boilers, and other specialized equipment. Dryers are projected to dominate the market in 2022 owing to factors like increased production efficiency, enhanced hygiene standards, greater customization options, and the replacement of conventional drying methods. However, filtration systems are expected to witness the highest growth rate due to their advantages over traditional separation techniques and rising demand for superior quality products. Furthermore, based on production capacity, the market is categorized into small & medium scale and large scale segments. Small & medium scale equipment is expected to lead the market in 2022 due to governmental support, lower financing requirements, and increased productivity. However, this segment is also projected to witness the highest growth rate as there is a growing need for adaptable and innovative solutions in plant-based protein processing. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research #FoodProcessingEquipment #PlantProteinEquipment #PlantProteinExtractionEquipment #PlantbasedFood #Food #FoodAndBeverage #FoodBusiness #FoodIndustry