22-Mar-2021 | Zion Market Research
The snack pellet equipment market is predicted to surpass a value of almost USD 1.5 billion by 2025 with a CAGR of 5.5% from USD 1.2 billion in 2019, as per Zion Market Research. The snack pellet section is boosted by the rising requirement for convenience foods owing to the busy schedule of users. Hence, the rising user preference for processed foods adds up to the increasing requirement for snack pellets as they need less efforts and time to prepare.
Major companies active in this market are GEA Group, Clextral, N.P. & Company, Inc., Buhler AG, JAS Enterprises, Kiremko B.V., Tsung Hsing Food Machinery Co., Ltd., Grace Food Processing & Packaging Machinery, Jinan Dayi Extrusion Machinery Co., Ltd., AC Horn Manufacturing, Radhe Equipments India, and Mutchall Engineering Pvt. Ltd.
Extrusion Segment Projected To Rule The Global Snack Pellet Equipment Market In The Years To Come
On the basis of equipment type, the extrusion segment of the global market is predicted to rule the market in the years to come. The food sector needs reliable and high-quality equipment with enhanced features to create effective results and cater to the requirement of users. Maker in the global market are majorly aiming on creating different kinds of snack pellets for their users all over the world. With the enhancements in tech, the extrusion screws’ designs have advanced over time with new innovations. The two primary kinds of extrusion tools are twin-screw extruder and single-screw extruder. The requirement for these screws stays high owing to their ability to create snack pellets and improved productivity of high-quality at less cost. At the design phase of the extrusion procedure, it is essential to increase the screw’s performance.
Asia Pacific Region Expected To Develop At The Maximum CAGR By The End Of 2025
The Asia Pacific is expected to see the quickest development in the years to come. Rapid urbanization, population growth, and the increment in user awareness about the advantages of snack pellet are major factors boosting the demand requirement for snack pellet equipment in the area. Asia Pacific is the third-biggest potato creator in the globe. Production of potato has increased rapidly in the past 20 years owing to the extension in the Indo-Gangetic Plains for the land area. Owing to these reasons, usage has also elevated in parallel with the rising demand and popularity as a vegetable in urban meals. Moreover, the increasing preference for Western fast food goods has also resulted in a surge in requirement for potatoes in the nation. This, in return, is boosting the global market in the area, which is predicted to add to the development of the global snack pellet equipment market.
Browse the full “Snack Pellet Equipment Market – By Form (Tridimensional, 2D, And Die-Faced), By Product Type (Corn-Based, Potato-Based, Tapioca-Based, Rice-Based, And Multigrain-Based), By Equipment Type (Mixing, Extrusion, Drying, Cutting, Seasoning, And Frying), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/snack-pellet-equipment-market
The global snack pellet equipment market is segmented as follows:
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