According to the current analysis of Reports and Data, The Global Snack Pellet Equipment Market was valued at USD 957.5 Million in 2018 and is expected to reach USD 1505.8 Million by the year 2026, at a CAGR of 5.8 %. Expansion, flavoring, bagging, packaging are the four crucial stages in the snack pellet manufacturing. Cooker extruder, former extruder, rotary former, laminating rollers, shaking pre-drier, dryer, and cooler are some of the equipment used in snack pellet manufacturing. Manufacturers of snack pellets provide different pellets to customers using extruders. Extruders are available in two forms, namely, single screw extruders and twin-screw extruders. Single screw extruder production cost is relatively higher than the twin-screw. Demand for twin-screw is high and is continuing to increase during the forecast period; pertaining to its greater flexibility and ability to process a wide range of raw materials. Square grille, star, round grille, and rectangles with color strips of bacon imitation are some of the variations in shapes made available by the market players.
Focus on higher productivity and increased palatability by the manufacturers is a driving factor to the market. Rising demand for healthier snack food is propelling the snack pellet equipment market. Also, government initiatives to endorse snack pellets manufacturing is an opportunity for manufacturers to tap the immature markets.
The high initial cost associated with the snack pellet equipment and its installment is a major market restraint.
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The Snack Pellet Equipment market investigation report assesses the global market for the Snack Pellet Equipment industry and provides revenue and capability forecasts for the projected period of 2023-2026. The factors that drive the industry's growth are highlighted in the report. The report divides the Snack Pellet Equipment market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Clextral (France),
- GEA Group (Germany),
- Buhler AG (Switzerland),
- P. Company, Inc. (Japan),
- Kiremko B.V. (Netherlands),
- JAS Enterprises (India),
- Grace Food Processing Packaging Machinery (India),
- AC Horn Manufacturing (US),
- Jinan Dayi Extrusion Machinery Co., Ltd (China),
- Mutchall Engineering Pvt. Ltd (India)
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Equipment Type (Revenue in Million USD; 2016–2026)
Product Type (Revenue in Million USD; 2016–2026)
Form Outlook (Revenue in Million USD; 2016–2026)
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Snack Pellet Equipment market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Snack Pellet Equipment market.
The Global Snack Pellet Equipment Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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