Snack Pellet Equipment Market

Snack Pellet Equipment Market Size, Growth (2023-2028)

The global Snack Pellet Equipment Market Size reached up to USD 1.0 billion in 2022 and is determined to extend and reach USD 1.4 billion by 2028, garnering a development rate of 5.2% during the anticipated timeframe. The snack pellet equipment is being promoted as consumers' busy lifestyles increase the need for prepared foods.

Market Overview:

Snack Pellets are medium products without expansion and come in a variety of textures, colors, shapes and flavors. They are moderately ready-to-eat snacks made from raw materials including corn, wheat, rice, tapioca or potatoes, and other vegetables. Once expanded, the pallet becomes a ready-to-eat snack. Snack granules can also incorporate scent and color into your recipes. This semi-finished product was supplied to snack vendors and manufacturers, and then converted into a finished snack by post-processing using various methods, such as baking or hot air frying. Snack granules are available in a variety of ingredients, such as potatoes, grains, or vegetable powders. Snack pallets are considered increasingly healthy because translating snack granules using hot air is considered healthy because avoiding the use of excess oil can prevent acrylamide formation, which is considered a common cause. Snack Pellet Equipment is a set of machines that are used to make those pellets.

Recent Developments in Snack Pellet Equipment Industry:

• In November 2017, GEA Germany completed the purchase of Pavan Group to extend its portfolio in snack pellet equipment. With the help of this purchase, the enterprises reinforced its market position in the global snack pellet equipment business. 
• In December 2016, Clextral launched the EVOLUM + twin screw extruder, which features advanced technology and provides high flexibility and control to develop high quality and stability.

Snack Pellet Equipment Market Growth:

As consumer preference for processed foods increases, the demand for snack pellet equipment increases as the manufacturing time and effort of snack pellet equipment decreases.

REPORT COVERAGE:

Drivers:

Changes in the work culture of people from various countries are another factor driving the growth of the global snack pellet equipment market. Along with concerns about food safety, increased health awareness has fueled the manufacture of light and convenient diets like granules. This will awaken the scope of the business in the coming years. The expansion of the snack pellet equipment market will accelerate as the popularity of convenience diets increases due to tight working hours coupled with the need for a processed diet among customers. Snack pellet equipment is hygienically manufactured in large quantities. This is one of the main factors that is expected to drive the growth of the global market. In addition, the growing graph of the snack pellet equipment market will increase as the productivity of top companies increases. In addition to this, the easy availability of raw materials is expected to increase the intake of snack pellets, which is expected to increase the demand for snack pellet equipment. The world market for pellet snack equipment is highly fragmented and competitive. The market is dominated by the activities of some prominent players. This has contributed to the growth of the pellet snack equipment market. Easy availability is also greatly influencing the intake of these snack pellets. In addition, the increased demand for non-expandable snack granules will expand the commercial space. This is expected to create a favorable growth medium for the snack pellet equipment sector.

In addition, snack makers around the world prefer granules because of their long shelf life and high-density properties, trouble-free properties, and ease of storage and transportation. The main trend observed in the global market is to accommodate the transformation of new snack bars among consumers. These are some of the main factors that are expected to drive demand for snack pellet equipment. As the population of working women in developed countries and third world economies increases, the demand for ready-to-eat diets has increased dramatically, which is likely to be acting as a positive element in the global snack pellet equipment market in the coming years. Additionally, advantages such as improved food shelf life, easy storage, and cost-effective transportation are rapidly increasing the demand for snack pellet equipment these days. In addition, the development of snack pellet equipment and technology is expected to have a major impact on the global snack pellet equipment market. It is also expected to fuel the market for snack pellet equipment, as demand for various types of snack pellet food is increasing among people in developing countries. Market demand for snack pellet equipment is increasing as adoption of processed snack pellets increases due to the busy lifestyle. As demand for non-expandable snack pellets increased, manufacturers had to integrate multiple extruders to provide better granules for their customers. As snack granule manufacturers' concerns about improving productivity, product quality, and other factors increase, the global market for snack granule equipment has gained tremendous momentum in recent years. Emerging governments to expand the market for processed snack pellets are expected to create unexplored opportunities for market participants.

Restraints:

The high investment cost of the equipment and the cost of installation and maintenance are some of the key factors that are expected to hinder the growth of the global market. An increase in the number of market participants can lead to price wars, which can make it difficult to snack on the pellet market. Quality approval is also one of the main limitations, since many small companies exist in this market.

Snack Pellet Equipment Market Segmentation Analysis:

By equipment, the food industry needs reliable, high-quality equipment with advanced features to produce effective results and meet consumer needs. Manufacturers in the snack granule extrusion market mainly focus on producing various kinds of snack granules for customers all over the world. With the technological progressions, the extrusion screw design was improved in recent years. The two main types of product equipment are single screw extruder and twin-screw extruder.

By form, the 2D portion is relied upon to represent the biggest portion of the pellet nibble hardware advertise in 2019. 2D snack pellet is in high demand around the world. The 2D Snack Pellet equipment plant consists of machines such as cooking, punching devices, laminating systems, cooling systems, cutting devices, pre-drying areas and frying systems. This kit helps establish the 2D shape and form an even thickness of snack balls.

By product type, the multi-grain segment is expected to grow at the highest CAGR during the forecast period. Multi-grain snack granules are made from a wide variety of nutritious grain types. Already, single grain types were utilized to create nibble granules, which constrained the dietary benefit of the item. Currently, consumer demand for multi-grain snack granules is increasing rapidly due to the high fiber content. Its low-fat content has greater health and flavor benefits than potato and corn-based snack bars.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

The North American market is expected to experience profitable growth over the expected timeline due to the huge presence of well-established snack pellet equipment manufacturing companies in the region. Furthermore, as demand for ready-to-eat granules increases, production capacity will increase significantly, further strengthening the business trend. The snack pellet equipment market in the Asia Pacific region is expected to grow rapidly during the evaluation period due to increased customer awareness related to the benefits of snack pellet intake. Furthermore, with the preference for fast food, the demand for snack pellet equipment in the Asia-Pacific region has been high as potato production in countries like India has increased. Europe is expected to remain the dominant region during the forecast period. The growing demand for salty foods in the region offers a good growth opportunity for snack granules in the area. Furthermore, as the demand for snacks increases, the market in this region is strengthening. As demand from Brazil increases, the Latin American market is also expected to grow significantly in the coming years. The Middle East and Africa area is supposed to grow throughout the outlook period.

Key Players in the Market:

Major Key Players in the Global Snack Pellet Equipment Market are

• JAS Enterprises
• Mutchall Engineering Pvt. Ltd
• Buhler AG
• Jinan Dayi Extrusion Machinery Co., Ltd
• AC Horn Manufacturing
• Grace Food Processing & Packaging Machinery
• Clextral, N.P. & Company, Inc
• TsungHsing Food Machinery Company Limited
• GEA Group
• RadheEquipments India