Snack Pellet Equipment Market by Equipment Type (Extrusion, Mixing, Cutting, Drying, Frying, and Seasoning), product type (Potato-based, Corn-based, Rice-based, Tapioca-based, and Multigrain-based), form (2D, Tridimensional) and Region (North America, Asia Pacific, South America, Middle East & Africa, Europe) is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
Increasing concerns of snack pellet manufacturers in terms of enhanced productivity, quality of the products, and other factors, the global snack pellet equipment market has gained major momentum in recent years. The growing demand for non-expanded snack pellets has compelled the manufacturers to incorporate various extruders to provide better pellets to the customers.
The die-faced segment is expected to grow at a faster rate during the forecast period.
The die-face extruder tools products snack pellets of several shapes such as cereal seeds, balls, rings or shells, and special new shapes, which is produced from a conventional set of machinery consisting of a weighing system, a mixer, a high-pressure extruder with an adequate die-head, and a drier with cooler.
Multigrain-based segment projected to be the fastest-growing during the forecast period.
Multigrain snack pellets are made of several modicum types that have high nutritious value. Earlier, a single grain type was cast-off 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. With low-fat content, they have higher health and taste benefits as compared to the potato- and corn-based snack pellets.
The APAC 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 pellets are key factors driving the demand for snack pellet equipment in the APAC. The region is the third-largest potato manufacturer in the domain. Potato production has rapidly increased in the last two decades due to the expansion of the land area in the Indo-Gangetic Plains. Due to these factors, consumption has also increased in parallel with the increasing popularity and demand as a vegetable in urban diets. Also, the growing preference for Western fast food products has led to a surge in demand for potatoes in economics.
Key Players operating the Global Snack Pellet Equipment Market are, GEA Group, Buhler AG, Kiremko BV, Groupe Legris Industries, N.P. & Company, Jas Enterprises, Grace Food Processing & Packaging Machinery, AC Horn Manufacturing, Mutchall Engineering, Radhe Equipments India, Tsung Hsing Food Machinery, Jinan Dayi Extrusion Machinery, Clextral
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Snack Pellet Equipment Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Snack Pellet Equipment Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Snack Pellet Equipment Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Snack Pellet Equipment Market”
https://www.maximizemarketresearch.com/market-report/global-snack-pellet-equipment-market/34383/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908