The snack pellet segment is driven by the increasing need for convenience foods due to the busy lifestyles of consumers. Thus, the increasing consumer preference for processed foods contributes to the growing demand for snack pellets as they require less time and efforts to prepare. This, in turn, has contributed to the growth of the snack pellet equipment market. Easy availability is also one such factor, which significantly impacts the consumption and demand for snack pellets.
The extrusion segment is estimated to dominate the global snack pellet equipment market. The food industry requires high-quality and reliable equipment with advanced functionalities to produce effective results and satisfy the needs of consumers. Manufacturers in the snack pellet extrusion market are mainly focusing on producing various forms of snack pellets for their customers globally.
The 2D segment is estimated to account for the largest share in the snack pellet equipment market. The 2D form of snack pellets witnesses significant demand among individuals globally. The 2D snack pellet equipment plant consists of machines such as cooking, perforation unit, a laminating system, cooling systems, cutting unit, pre-drying zone, and frying system.
The multigrain segment is estimated to grow at the highest CAGR during the forecast period. Multigrain snack pellets are made of various grain types that have high nutritional value. Earlier, a single grain type was used to produce snack pellets, which limited the nutritional value of the products. Currently, the consumer demand for multigrain snack pellets has increased rapidly as these have high fiber content.
The Asia Pacific is projected to witness the fastest growth during the forecast period. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of snack pellet are key factors driving the demand for snack pellet equipment in the region. The region is the third-largest potato producer in the world. Potato production has rapidly increased in the last two decades due to the expansion of the land area in the Indo-Gangetic Plains.
Key players in this market include Clextral (France), GEA Group (Germany), Buhler AG (Switzerland), N.P. & Company, Inc. (Japan), Kiremko B.V. (Netherlands), JAS Enterprises (India), Grace Food Processing & Packaging Machinery (India), Tsung Hsing Food Machinery Co., Ltd. (Taiwan), AC Horn Manufacturing (US), Jinan Dayi Extrusion Machinery Co., Ltd (China), Mutchall Engineering Pvt. Ltd (India), and Radhe Equipments India (India).
Key Questions Addressed by the Report
· What are the new trending products that the snack pellet equipment companies are exploring?
· Which are the key players in the market and how intense is the competition?
· What are the upcoming growth trends that the snack pellet equipment manufacturers are focusing on in the future?
· What are the high growth opportunities in the snack pellet equipment market for each segment?
· What are the key growth strategies adopted by major market players in the snack pellet equipment market?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Increase in Adoption for Processed Snack Pellets Due to Busy Lifestyles
3.1.2. Rise in Advancement in Equipment & Technologies
3.2.1. High One-Time Investment in Machinery
3.2.2. Increase in Availability of Counterfeit Products
3.3.1. Government Initiatives to Expand the Processed Snack Pellet Market
4. Executive Summary
5. Snack Pellet Equipment Market, By Equipment Type
5.1.1. Single-Screw Extruder
5.1.2. Twin-Screw Extruder
6. Snack Pellet Equipment Market, By Product Type
7. Snack Pellets Equipment Market, By Form
8. Snack Pellet Equipment Market, By Region
8.1. North America
8.2.7. Rest of Europe
8.3. Asia Pacific
8.3.5. Rest of Asia Pacific
8.4. South America
8.4.2. Rest of South America
8.5.1. South Africa
8.5.2. Rest of Africa
8.6. Middle East
9. Company Profiles
9.2. GEA Group
9.3. Buhler AG
9.4. N.P. & Company, Inc.
9.5. JAS Enterprises
9.6. Grace Food Processing & Packaging Machinery
9.7. Kiremko B.V
9.8. Tsung Hsing Food Machinery Co., Ltd.
9.9. AC Horn Manufacturing
9.10. Jinan Dayi Extrusion Machinery Co., Ltd
9.11. Mutchall Engineering Pvt. Ltd.
9.12. Radhe Equipments India
10. Conclusion and Recommendations
11.2. Related Reports