What is Snack Pellet Equipment Market?
Snack pellets, an intermediate non expanded product, is made with various raw material, including cereals, potatoes, and vegetable powder. It is mostly preferred by a majority of customers owing to longer shelf life, stability, as well as bulk density. The rising consumption of corn-based snacks in developed countries, increasing adoption of rice-based products due to the easy availability of rice and its cheaper production cost, increasing health cautiousness among consumers is accelerating the demand for multigrain snacks are likely to be a prime driver of the global snack pellet equipment market. The market for the snack pellet equipment is anticipated to register a CAGR of over 6.4% during the forecast period.
The market study is being classified by Type (Potato-Based, Corn-Based, Rice-Based, Tapioca-Based and Multigrain-Based) and major geographies with country level break-up.
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 (United States) and Jinan Dayi Extrusion Machinery Co., Ltd (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Mutchall Engineering Pvt. Ltd (India) and Radhe Equipments India (India).
Research Analyst at AMA predicts that India Manufacturers will contribute to the maximum growth of Global Snack Pellet Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Snack Pellet Equipment market by Type, Application and Region.
On the basis of geography, the market of Snack Pellet Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Upsurge in Adoption for Processed Snack Pellets Owing to Busy Lifestyles
- Rise in Advancement in Equipment & Technologies
Market Trend
- Increase in Acceptance of New Varieties of Snack Pellets among Consumers
Restraints
- High One-Time Investment in Machinery
Opportunities
- Growing Demand from Emerging Economics such as India, China, and others
- Government Initiatives to Expand the Processed Market
Challenges
- Increase in Availability of Counterfeit Products
Market Leaders and some development strategies
In November 2017, the GEA (Germany) Company has acquired Pavan Group (Italy) in order to expand in the snack pellet equipment market. In addition, it will increase their market share.
In December 2016, the Clextral (France) Company has launched EVOLUM+ twin-screw extruders products, which is equipped with advanced technology. In additions, it provides high flexibility and control for developing high product quality and stability. Hence, this will, in turn, propel the growth of snack pellet market. and In May 2013, the Kiremko BV (Netherlands) Company has expanded its French-fries production facility in Belgium. In addition, it has a capacity of nearly 16 ton/hr of French fries with a fast-food specification. Hence, this expansion will help in strengthening the position of the company.
Key Target Audience
Manufacturers of Snack Pellet Equipment, Suppliers of Snack Pellet Equipment, Wholesalers, Distributors, and Retailers of Snack Pellet Equipment, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others