Snack Pellet Equipment Market Size By Product Type (Potato-based, Corn-based, Rice-based, Tapioca-based, Multigrain-based), By Equipment Type (Mixing/Forming, Extrusion, Frying, Cutting, Drying), By Form (2D, Tridimensional, Die-Face), By Application (Food Processing Plant, Commercial Food Services), By Geographic Scope And Forecast
Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Snack Pellet Equipment Market Size By Product Type (Potato-based, Corn-based, Rice-based, Tapioca-based, Multigrain-based), By Equipment Type (Mixing/Forming, Extrusion, Frying, Cutting, Drying), By Form (2D, Tridimensional, Die-Face), By Application (Food Processing Plant, Commercial Food Services), By Geographic Scope And Forecast
Snack Pellet Equipment Market Size and Forecast
Snack Pellet Equipment Market size was valued at USD 1.28 Billion in 2024 and is projected to reach USD 1.99 Billion by 2031, growing at a CAGR of 5.70% from 2024 to 2031.
- Snack pellet equipment is gear that is specifically designed to produce snack pellets, which are semi-finished products used in the manufacture of various snack meals.
- These machines are commonly used to convert raw materials like grains, potatoes, and other starchy substances into homogeneous pellets of the required shape and size.
- The equipment may include procedures like mixing, extrusion, shaping, and drying to create the appropriate pellet texture and consistency.
- Furthermore, snack pellet equipment has a wide range of applications in the snack food business, including the production of chips, crisps, puffs, extruded snacks, and coated snacks, giving manufacturers flexibility, efficiency, and uniformity in snack production processes.
Global Snack Pellet Equipment Market Dynamics
The key market dynamics that are shaping the snack pellet equipment market include
Key Market Drivers
- Rising Demand for Convenience Foods The growing customer preference for easy, ready-to-eat snack choices has greatly increased demand for snack pellets. This trend is being driven by fast-paced lifestyles and an increased demand for on-the-go food products, which has a direct impact on snack pellet equipment demand.
- Innovation and Flavor Diversity Manufacturers are always experimenting in terms of snack pellet shape, texture, and flavor to attract a larger consumer base. This diversity needs innovative and versatile equipment capable of facilitating experimentation and new product development, hence pushing the snack pellet equipment market.
- Health ConsciousnessConsumer demand for better snack options has prompted manufacturers to create healthier-seeming pellets derived from grains, lentils, and multigrain bases. Snack pellet equipment that can efficiently process these diverse components is thus in high demand.
- Global Expansion of Snack IndustriesAs snack producers expand globally, there is an increasing demand for equipment that can maintain quality consistency while handling higher production quantities. Snack pellet equipment is vital for businesses trying to expand operations and enter new regional markets.
Key Challenges
- High Initial Investment The large financial expenditure necessary for modern snack pellet equipment is a big impediment, especially for small and medium-sized businesses. This financial burden discourages new entrants and restricts market growth.
- Maintenance and Operating Costs Snack pellet machines have high maintenance and operating costs, which include electricity consumption and regular servicing. These charges influence profitability, especially in places with high energy costs or limited availability of expert maintenance services.
- Compliance with Food Safety Regulations The snack pellet market must follow severe food safety regulations, which vary greatly by region. Compliance necessitates the use of equipment that fulfills certain requirements, which presents an obstacle in assuring universal adaptability and incurs additional expenses for producers.
Key Trends
- Eco-Friendly Technologies There’s a growing trend towards adopting more sustainable and energy-efficient equipment to reduce environmental impact. This involves the use of recyclable materials and energy-efficient technology during snack pellet production.
- Customization and Flexibility Equipment makers are providing more customizable systems that can handle a wide range of raw materials and generate pellets of varying shapes and sizes. This flexibility trend is vital for producers who want to diversify their product offers and respond rapidly to changing consumer tastes.
- Expansion into Emerging MarketsSnack pellet producers are seeing new prospects as a result of the growing urbanization, rising disposable income, and changing lifestyles of emerging economies. Equipment manufacturers are focusing on these locations to profit from the growing consumer base, and they are tailoring their machines to local tastes and manufacturing norms.
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Global Snack Pellet Equipment Market Regional Analysis
Here is a more detailed regional analysis of the snack pellet equipment market
Asia Pacific
- According to Market Research, Asia Pacific is estimated to dominate in snack pellet equipment market over the forecast period. The rapid urbanization of Asia Pacific countries is driving demand for convenient meals, particularly snack pellets. This urban transition is accompanied by busier lifestyles, which increases the demand for quick and convenient snack options.
- The region’s expanding middle class, with higher discretionary incomes, is willing to spend more on processed and packaged foods. This demographic shift has a huge impact on the snack pellet market and the equipment used to create these snacks.
- Asia Pacific’s unique culinary traditions provide a wide selection of snack meals, resulting in a constant demand for snack pellet equipment that can produce a variety of goods. Manufacturers are using this variety to try out new and classic flavors and shapes.
- Furthermore, increased domestic production, aided by government initiatives and international investments in food processing facilities, is propelling the industry. This localized focus helps to cut import prices and enhance supply chain efficiencies, hence driving the Asia Pacific snack pellet equipment market.
North America
- North America is estimated to exhibit substantial growth in the market during the forecast period. The growing consumer focus on health and wellbeing in North America is driving demand for healthier snack options including multigrain and vegetable-based snack pellets, expanding the market for equipment capable of generating these healthier alternatives.
- North American snack companies are continually innovating with new flavors, forms, and textures, necessitating the use of modern snack pellet equipment to meet the wide range of production requirements. This continual innovation piques consumer interest and drives market expansion.
- North America has a well-established food processing industry with strong infrastructure and technological improvements, allowing for the use of advanced snack pellet equipment and driving market growth.
- Furthermore, there has been significant investment and merger and acquisition activity in the snack food business in North America, which has helped expand production capabilities and improve the technological aspects of snack pellet equipment, supporting market growth.
Europe
- European customers are increasingly preferring premium and gourmet snack options, which is boosting demand for snack pellets with unique flavors and high-quality ingredients. This trend demands specialized equipment to create complicated food shapes and textures.
- European businesses are at the forefront of environmental efforts, promoting energy-efficient technology that lowers waste. This environmentally responsible strategy fosters innovation in snack pellet equipment, which aligns with regional environmental policies.
- Furthermore, Europe’s great culinary diversity influences snack preferences, necessitating equipment capable of producing a wide range of snack pellets tailored to local tastes. This includes pellets manufactured with traditional components like grains and spices.
Global Snack Pellet Equipment MarketSegmentation Analysis
The Snack Pellet Equipment Market is segmented based on Product Type, Equipment Type, Form, Application, and Geography.
Snack Pellet Equipment Market, By Product Type
- Potato-based
- Corn-based
- Rice-based
- Tapioca-based
- Multigrain-based
- Others
Based on Product Type, the market is segmented into Potato-based, Corn-based, Rice-based, Tapioca-based, Multigrain-based, and Others. The multigrain-based segment is estimated to dominate the snack pellet equipment market. This dominance is fueled by rising customer desire for healthier snack options. Multigrain-based pellets are popular because they provide nutritional benefits such as greater fiber content and a diverse range of vital elements derived from the grains utilized. The machinery used to make multigrain pellets must be capable of handling a wide range of grain textures and compositions, ensuring that the finished products are both appealing and of consistent quality.
Snack Pellet Equipment Market, By Equipment Type
- Mixing/Forming Equipment
- Extrusion Equipment
- Frying Equipment
- Cutting Equipment
- Drying Equipment
- Others
Based on Equipment Type, the market is segmented into Mixing/Forming, Extrusion, Frying, Cutting, Drying, and Others. The extrusion equipment segment is estimated to dominate the snack pellet equipment market due to the extrusion process’s critical role in snack pellet production, where it is responsible for shaping and texturizing the snack pellets. Extrusion technology enables significant degrees of customization and scalability in snack pellet production, accommodating a variety of materials and combinations to generate a diverse range of shapes, sizes, and textures. This versatility makes it essential for manufacturers seeking to innovate and broaden their product offers.
Snack Pellet Equipment Market, By Form
- 2D
- Tridimensional
- Die-Face
Based on Form, the market is segmented into 2D, Tridimensional, and Die-Face. The 2D segment is estimated to dominate the snack pellet equipment market owing to the broad appeal and versatility of 2D snack pellets, which are simpler and less expensive to manufacture than more complex designs. Manufacturers prefer these pellets because they are simple to produce and have a wide customer appeal, as they can be used with a range of flavors and seasonings. Furthermore, 2D snack pellets frequently require less complicated equipment and shorter production times, making them a cost-effective option for snack manufacturers.
Snack Pellet Equipment Market, By Application
- Food Processing Plant
- Commercial Food Services
- Others
Based on Application, the market is divided into Food Processing Plants, Commercial Food Services, and Others. The food processing plant segment is estimated to dominate the market over the forecast period due to the size and efficiency of food processing factories, which are essential for the mass manufacture of snack pellets. These factories invest in high-capacity, cutting-edge equipment to accommodate the massive demand for snack pellets, providing consistent quality and high output. Furthermore, the rising worldwide snack food business forces these companies to constantly upgrade and increase their equipment capacities to handle a variety of ingredients and pellet sizes.
Snack Pellet Equipment Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Geography, the snack pellet equipment market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is expected to dominate the snack pellet equipment market during the forecast period. The region’s fast-growing population and increasing urbanization drive demand for handy and ready-to-eat snack options. Asia Pacific has a growing middle class with higher disposable incomes, which leads to increased consumer expenditure on processed and packaged foods. Furthermore, cultural variety in nations such as India, China, and Southeast Asia brings diverse local flavors and snack options, necessitating adaptable equipment capable of creating numerous pellet types.
Key Players
The “Snack Pellet Equipment Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Buhler Group, Büchi Labortechnik AG, Wenger Manufacturing, Extru-Tech, Reading Bakery Systems, Aasted Danmark A/S, Brabender GmbH & Co. KG, Thexton Machinery, Solignam Inc., Frigosystem S.p.A., GEA Group, Seydelmann Maschinenfabrik GmbH & Co. KG, Coperion GmbH, John R. Boone Inc., Best Machinery Company, AEW Process Equipment, Lianzhong, and Wavetech.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Snack Pellet Equipment Market Recent Developments
- In January 2024, Calbee UK invested in new frying, seasoning, and distribution equipment for its Deeside facility in the United Kingdom. This entailed the installation of cutting-edge frying technology.
- In May 2021, Kanchan Metals, a major business in the food processing equipment sector, released a new pellet frying line. This new range is intended to meet the increasing demands of the snack food business, notably for pellet snacks. The equipment is designed to improve the efficiency and quality of fried snack pellet production, and it can accommodate a variety of pellets such as potato, cereal-based, and multigrain.
- In March 2021, Buhler, a global pioneer in food processing solutions, collaborated with Premier Tech, an expert in packaging equipment. They collaborated to create a new packaging line designed specifically for the food business, with an emphasis on increasing packaging efficiency and flexibility.
- In October 2018, KP Snacks, an Intersnack affiliate, constructed a new pellet production facility worth GBP 6 million at its Billingham plant. This emphasizes the company’s expansion into pellet snack production.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Buhler Group, Büchi Labortechnik AG, Wenger Manufacturing, Extru-Tech, Reading Bakery Systems, Aasted Danmark A/S, Brabender GmbH & Co. KG, Thexton Machinery, Solignam Inc., Frigosystem S.p.A., GEA Group, Seydelmann Maschinenfabrik GmbH & Co. KG, Coperion GmbH, John R. Boone Inc., Best Machinery Company, AEW Process Equipment, Lianzhong, and Wavetech. |
SEGMENTS COVERED | Product Type, Equipment Type, Form, Application, and Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as ind