Global Snack Pellet Equipment Market – Industry Trends and Forecast to 2029

Global Snack Pellet Equipment Market, By Product Type (Potato-Based, Corn-Based, Rice-Based, Tapioca-Based, Multigrain-Bases, Cereal Grains, Legumes, and Vegetables), Form (2D, Tridimensional, Die-Faced), Equipment Type (Extrusion, Mixing, Cutting, Drying, Frying, Seasoning) – Industry Trends and Forecast to 2029.

Snack Pellet Equipment Market Analysis and Size

Consumption of processed foods has skyrocketed in recent decades all over the world. The growing global population is a major contributor to this increase. As a result, consumers in urban areas have access to a much broader range of food options and better food availability than those in rural areas. This urbanisation trend contributes significantly to higher living standards and rising incomes, which in turn has a greater impact on the affordability of processed food products.

Data Bridge Market Research analyses that the snack pellet equipment market which 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. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Snack Pellet Equipment Market Scope and Segmentation

Market Definition

Snack pellet equipment is an automated production line for ready to eat snacks. The process takes raw ingredients and shapes, sizes, and textures them into a variety of finished products such as chips, crisps, pellets, and so on. It essentially cuts and shapes to a specific size. The process is fully automated and begins by peeling off the skin, then proceeds to the cutting/shaping section, where thin slices are extracted first for frying or deep-frying.

Snack Pellet Equipment Market Dynamics

Drivers

• Rising consumption of packaged food due to busy and hectic lifestyle

Increased packaged food consumption is expected to drive the growth of the global snack pellets market during the forecast period. Aside from that, consumers' preference for healthy food products is expected to accelerate demand for snack pellets, aiding the market's growth in the coming years. To that end, snack pellet manufacturers are focusing on producing healthy snacks with high nutrition content.

• The adoption of technically advanced potato growing techniques by major potato-producing countries

Increased demand for processed potato products, such as frozen potatoes, from restaurants, hotel chains, and retail sectors will drive market growth in the forecast years. Furthermore, the adoption of technically advanced potato growing techniques by major potato-producing countries is expected to drive the growth of the global potato based snack pellet equipment market.

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Opportunity

Rising disposable income, rising consumer demand, urbanisation, quick-service restaurants, and active participation of women in this industry and supply chain activities have already benefited the snack pellet equipment market. Other factors that have increased demand for processed products include the availability of raw materials, less stressful cooking methods, ready-to-eat infrastructure, comparatively low cost, ease of handling, and a tasty product.

Restraints

The noted limitations for the growth of the snack pellet equipment market are high one-time investment in machinery and product transportation. On the other hand, the increased accessibility of counterfeit products will pose a challenge to market growth during the forecast period.

This snack pellet equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the snack pellet equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Snack Pellet Equipment Market

The virus has had a significant impact on the snack pellet equipment manufacturing industry, causing production and factory operations to be halted. It all started in China, which is the global hub for the supply of raw materials to companies, and then spread to the entire supply chain for manufacturing companies. Furthermore, the United Nations Conference on Trade and Development (UNCTAD) predicts that global FDI will fall by 5% to 15% as a result of a drop in manufacturing company operations due to factory shutdown. As a result, the COVID-19 outbreak is expected to slow global investment in the snack pellet equipment manufacturing sector. This scenario has reduced demand for snack pellet equipment, particularly in 2020.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Lamb Weston Holdings, Inc. announced an increase in French fry Based Snack Pellet Equipment capacity at its American Falls, Idaho facility in July 2021. As a result, they hope to produce more than USD 1 billion in frozen french fries and other potato products each year. The new line is expected to be completed by the middle of 2023, resulting in the creation of approximately 130 new jobs.
• Aviko completed its acquisition of the majority stake in the Bavarian family business Amberger in February 2021. As a result, Aviko invests in further strengthening its position in the German and Austrian foodservice markets. The Oberdolling production site, the regional brand Feldmühle, and a premium range of German potato products are all part of the deal.
• Farm Frites announced plans to build a French fry production plant in Kazakhstan's Shu region through its subsidiary, Farm Frites Beheer B.V., in December 2020. The French fry plant is expected to cost USD 145 million. The plant, which will employ 240 people, is set to open in 2023.

Global Snack Pellet Equipment Market Scope

The snack pellet equipment market is segmented on the basis of form, equipment type and product type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

• 2D
• Tridimensional
• Die-Faced

Equipment Type

• Extrusion
• Single-screw extruder
• Twin-screw extruder
• Mixing
• Cutting
• Drying
• Frying
• Seasoning
• Others
• Cooling
• Punching

Product type

• Potato-Based
• Corn-Based
• Rice-Based
• Tapioca-Based
• Multigrain-Bases
• Cereal Grains
• Legumes
• Vegetables

Snack Pellet Equipment Market Regional Analysis/Insights

The snack pellet equipment market is analysed and market size insights and trends are provided by country, basis of form, equipment type and application as referenced above.

The countries covered in the snack pellet equipment market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates snack pellet equipment due to increased production capability, attendance of well-established snack pellet equipment manufacturing firms, and increasing demand for ready-to-eat snack pellets in the region. Asia-Pacific is expected to grow from 2022 to 2029 due to rapid urbanisation, expanding population, and rising consumer awareness about the benefits of snack pellet.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Snack Pellet Equipment Market Share Analysis

The snack pellet equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to snack pellet equipment market.

Some of the major players operating in the snack pellet equipment market are:

• 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.)