The global potato-based snack pellet equipment market is experiencing substantial growth due to the significant increase in the consumption of processed foods. The growing world population, coupled with urbanization trends, has led to improved food availability and a broader range of food options for urban consumers. Higher living standards and rising incomes in urban areas have made processed food products more affordable and desirable. As a result, manufacturers are investing in potato-based snack pellet equipment to meet the rising demand for convenient and ready-to-eat snacks, driving the expansion of the global market.
According to Data Bridge Market Research, the Global Potato Based Snack Pellet Equipment Market was growing at a value of 823.30 million in 2021 and is expected to reach the value of USD 1302.34 million by 2029, at a CAGR of 5.9% during the forecast period of 2022-2029.
“Rising consumption of packaged food facilitates market growth”
The rising consumption of packaged food, driven by busy and hectic lifestyles, acts as a significant driver for the global potato-based snack pellet equipment market. As people lead fast-paced lives with limited time for meal preparation, the demand for convenient and ready-to-eat snacks increases. Potato-based snack pellets offer a quick and tasty solution, as they can be easily transformed into various snack products. Manufacturers invest in potato-based snack pellet equipment to cater to the growing demand for packaged snacks, providing consumers with convenient, on-the-go options that align with their busy lifestyles, fueling the expansion of the market.
What restraints the growth of the global potato based snack pellet equipment market?
“High one-time investment in machinery and product transportation”
The high one-time investment in machinery and product transportation serves as a significant restraint for the global potato-based snack pellet equipment market. Manufacturers in the snack pellet industry require specialized and expensive machinery to process and produce high-quality products efficiently. Additionally, transporting the equipment to various regions and setting up production facilities incurs substantial costs. These initial investments can pose challenges for new entrants and small-scale players, limiting their ability to compete effectively in the market. As a result, the capital-intensive nature of the potato-based snack pellet equipment market can hinder market entry and expansion for some players.
Segmentation: Global Potato Based Snack Pellet Equipment Market
The potato based snack pellet equipment market is segmented on the basis of form, equipment type, and application.
- On the basis of form, the potato based snack pellet equipment market is segmented into 2d, tridimensional, and die-faced.
- On the basis of equipment type, the potato based snack pellet equipment market is segmented into extrusion, mixing, cutting, drying, frying, Seasoning, and others.
- On the basis of application, the potato based snack pellet equipment market is segmented into small and medium factory, and big factory.
Regional Insights: North America dominates the Global Potato Based Snack Pellet Equipment Market
North America's dominance in the potato-based snack pellet equipment market is attributed to its advanced production capability, the presence of well-established snack pellet equipment manufacturing firms, and the growing demand for ready-to-eat snack pellets in the region. The well-developed food processing industry and consumer preference for convenient, ready-to-eat snacks contribute to the increasing demand for snack pellets. Moreover, North American manufacturers invest in cutting-edge technologies, ensuring high production efficiency and product quality.
Asia-Pacific is projected to witness significant growth from 2022 to 2029, driven by rapid urbanization, expanding population, and rising consumer awareness about the nutritional benefits of snack pellets. As disposable incomes rise, consumers seek convenient and nutritious snacks, fueling the demand for snack pellet equipment in the region. Additionally, the expanding food processing industry and changing lifestyles in Asia-Pacific further accelerate the adoption of potato-based snack pellet equipment.
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Recent Developments in Global Potato Based Snack Pellet Equipment Market
- In July 2021, Lamb Weston announced a capacity increase for French fry-based snack pellet equipment at its American Falls, Idaho facility. The expansion aims to produce over USD 1 billion worth of frozen french fries and other potato products annually. The new line is expected to be operational by mid-2023, creating around 130 new jobs in the region.
- In February 2021, Aviko completed the acquisition of a majority stake in Bavarian family business Amberger, reinforcing its position in the German and Austrian foodservice markets. The deal includes the Oberdolling production site, the regional brand Feldmühle, and a premium range of German potato products.
- In December 2020, Farm Frites, through its subsidiary Farm Frites Beheer B.V., announced plans to build a French fry production plant in Kazakhstan's Shu region. The plant is expected to cost USD 145 million and employ 240 people. The production facility is scheduled to commence operations in 2023.
The Prominent Key Players Operating in the Global Potato Based Snack Pellet Equipment Market Include:
- Marel (Iceland)
- GEA Group (Germany)
- Bühler (Switzerland)
- JBT (U.S.)
- The Middleby Corporation (U.S.)
- Heat and Control, Inc. (U.S.)
- Alfa Laval (Sweden)
- TNA Australia Pty Ltd. (Australia)
- Bucher Industries (Switzerland)
- Equipamientos Cárnicos, S.L (Spain)
- Clextral (France)
- SPX FLOW (U.S.)
- Bigtem Makine (Turkey)
- FENCO Food Machinery (Italy)
- Krones Group (Germany)
- Finis Potato Based Snack Pellet Equipment B.V. (Netherlands)
- Bettcher Industries, Inc. (U.S.)
- Anko Food Machine Co. Ltd. (Taiwan)
- Heat and Control, Inc. (U.S.)
- BAADER (Germany)
- Dover Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global potato based snack pellet equipment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Potato Based Snack Pellet Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
