The snack pellet equipment market, in terms of value, is estimated to account for nearly USD 1.0 billion in 2019 and projected to grow at a CAGR of 5.2% to reach nearly USD 1.4 billion by 2025. This is due to the rising demand for extruded snacks globally. Snack pellets are non-expanded intermediate products that are usually produced through the extrusion process using various raw materials such as potato, corn, tapioca, and rice. The extruder is the main piece of equipment that is used to press the raw material and produce pellets. The key snack pellet manufacturers are also adopting new technologies for the production of snack pellets, which include single-screw extrusion, twin-screw extrusion, and co-extrusion. These processes aid in the manufacturing of snack pellets that are of various shapes, textures, and sizes. However, the technological advancements in snack pellet equipment to produce 3D pellets have also led to an increase in production capacity in a short time, thus driving market growth.
Some of the Prominent Key Players are:
- Clextral (France)
- GEA Group (Germany)
- Buhler AG (Switzerland)
- N.P. & Company Inc. (Japan)
- Kiremko B.V. (Netherlands)
- Grace Food Processing & Packaging Machinery (India)
- Tsung Hsing Food Machinery Co., Ltd. (Taiwan)
- AC Horn Manufacturing (US)
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What is snack pellet equipment?
Snack pellet equipment refers to machinery and tools used in the production of snack pellets. Snack pellets are small, semi-finished products made from various ingredients like potato starch, cereals, or other grains. These pellets are then further processed through frying, baking, or extrusion to create a wide variety of finished snacks like chips, crisps, puffs, and more. The equipment involved includes extruders, pelletizers, dryers, fryers, and seasoning systems, among others, to produce these snack pellets efficiently and in large quantities for commercial purposes.
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.
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. Due to these factors, consumption has also increased in parallel with the increasing popularity and demand as a vegetable in urban diets. In addition, the growing preference for Western fast food products has also led to a surge in demand for potatoes in the country. This, in turn, is driving the fragmented snack pellets market in the region, which is projected to contribute to the growth of the market.
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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 snack pellet equipment manufacturers are focusing on in the future?
- What are the high-growth opportunities in the market for each segment?
- What are the key growth strategies adopted by major market players in the snack pellet equipments market?
