According to Future Market Insights, the global snack pellet equipment market is anticipated to grow from US$ 1800 Mn in 2023 to US$ 2,988.3 Mn by 2032, with overall sales accelerating at 5.2% CAGR throughout the forecast period 2033.
The snack pellet equipment business is a mature industry that is undergoing a period of change because of rising customer demand for better food safety, sustainability, and quality. Rising demand for healthy snacks, flourishing fast food industry, and changing consumer preferences are expected to boost the snack pellet equipment market during the forecast period.
Similarly, introduction of advanced snack pellet equipment with improved machine efficiency and increased speed, and increased usage of automated processing systems are likely to propel the global snack pellet equipment market forward during the next ten years.
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Various governments are helping snack pellet equipment manufacturers to produce snack pellet equipment at a large scale by providing subsidies and interest-free loans to support meat processing and related industries.
Key Takeaways from the Snack Pellet Equipment Market Study:
- By product type, the multigrain-based segment is expected to grow at the highest CAGR during the forecast period.
- Based on equipment type, extrusion segment is likely to retain its dominance in the global snack pellet equipment market during the assessment period.
- North America will continue to remain at the top of the ladder in the global snack pellet equipment market over the next ten years.
- Asia Pacific is poised to grow at a higher pace during the projected period of 2023-2033.
- The U.S. currently holds around 44% share of the North America snack pellet equipment market and it is poised to grow at a significant pace between 2023 and 2033.
- The U.K. snack pellet equipment market size reached around US$ 213.1 Mn in 2023.
Key Companies
- Clextral
- GEA Group
- Buhler AG
- N.P. & Company, Inc.
- Kiremko B.V.
- JAS Enterprises
- Grace Food Processing & Packaging Machinery
- Tsung Hsing Food Machinery Co., Ltd.
- AC Horn Manufacturing
- Jinan Dayi Extrusion Machinery Co., Ltd
- Mutchall Engineering Pvt. Ltd
- Radhe Equipments India
- Olam International
- The Kraft Heinz Company
- PepsiCo Inc.
- AGRANA Group
- Bonduelle
- Dole Food
- SVZ International B.V.
- Sahyadri Farms
- Diana Group S.A.S.
- RAJE AGRO FOODS PRIVET LIMITED
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Market by Category
By Product Type:
- Potato-based
- Corn-based
- Rice-based
- Tapioca-based
- Multigrain based
- Others
By Equipment Type:
- Extrusion
- Mixing
- Cutting
- Drying
- Frying
- Seasoning
- Others (cooling & punching)
By Form:
- 2D
- Tridimensional
- Die-face
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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