Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1258.3 Million | USD 2135.35 Million | 5.4% | 2023 |
According to Zion Market Research, the global Snack Pellet Equipment Market was worth USD 1258.3 Million in 2023. The market is forecast to reach USD 2135.35 Million by 2032, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Snack Pellet Equipment Market industry over the next decade.
Snack pellets are ready-to-eat snacks. Additionally, these food products are made up from many kinds of grains including tapioca, corn, potatoes, wheat, vegetables, and rice. Furthermore, snack pellets are semi-furnished food items that are usually sold to producers of snacks. In addition to this, snack pellets are prepared by using myriad methods including frying and hot air baking along with adding variety of taste ingredients for producing ready-to-eat diet.
Report Attributes | Report Details |
---|---|
Report Name | Snack Pellet Equipment Market |
Market Size in 2023 | USD 1258.3 Million |
Market Forecast in 2032 | USD 2135.35 Million |
Growth Rate | CAGR of 5.4% |
Number of Pages | 110 |
Key Companies Covered | Kiremko B.V., Jinan Dayi Extrusion Machinery Co., Ltd., JAS Enterprises, GEA Group, Clextral, N.P. & Company, Inc., Radhe Equipments India, Buhler AG, Tsung Hsing Food Machinery Co., Ltd., AC Horn Manufacturing, Grace Food Processing & Packaging Machinery, and Mutchall Engineering Pvt. Ltd. |
Segments Covered | By Type, By end-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
With hectic lifestyles and busy work schedules, the snack pellet equipment industry is anticipated to expand the growth of snack pellet equipment industry over the forecast timespan. Apart from this, surge in the launch of new technologies and need to introduce innovations in equipment will favorably leverage the expansion of snack pellet equipment industry over the years to come. Furthermore, escalating need of myriad kinds of snack pellet food items across the emerging economies will create lucrative growth avenues for snack pellet equipment market in the forthcoming years. Favorable government schemes supporting production of processed snack pellets will push the expansion of snack pellet equipment industry in the ensuing years.
Moreover, growing popularity of convenience food and need for processed food will interpret the growth of snack pellet equipment industry in the years ahead. With a steep surge in the working female populace in Third World countries as well as developed nations, there is a humungous demand for ready-to-eat food. This, in turn, will enlarge the scope of snack pellet equipment industry in the years ahead. An immaculate rise in health awareness along with growing food safety concerns will amplify the popularity of lightweight snack food such as snack pellets. This will proliferate the expansion of snack pellet equipment industry in the years ahead.
The expansion of snack pellet equipment industry in Asia Pacific zone over the forecast timeline is owing to rise in the awareness about the benefits of consuming the products. Ostensibly, rise in the potato production in the subcontinent and massive demand for food products manufactured from potatoes in the countries such as India will proliferate the product penetration in Asian countries. This will further spearhead the expansion of snack pellet equipment industry in Asia Pacific over the ensuing years.
Key participants profiled in the study include:
By Equipment
By product
By form
By Region
FrequentlyAsked Questions
Snack Pellet Equipment industry is touted to expand the over the forecast period with hectic lifestyles and busy work schedules. Apart from this, surge in the launch of new technologies and need to introduce innovations in equipment will favorably leverage the expansion of snack pellet equipment industry over the years to come. Furthermore, escalating need of myriad kinds of snack pellet food items across the emerging economies will create lucrative growth avenues for snack pellet equipment market in the forthcoming years. Favorable government schemes supporting production of processed snack pellets will push the expansion of snack pellet equipment industry in the ensuing years. Moreover, growing popularity of convenience food and need for processed food will interpret the growth of snack pellet equipment industry in the years ahead.
According to Zion Market Research report, the global Snack Pellet Equipment market, which was estimated at about $ 1258.3 Million in 2023 and is predicted to accrue earnings worth $ 2135.35 Million by 2032, is set to record a CAGR of nearly over 5.4% during 2024 to 2032.
Asia Pacific Snack Pellet Equipment Market is projected to record highest CAGR over 2024-2032 owing to rise in the awareness about the benefits of consuming the products. Ostensibly, rise in the potato production in the sub-continent and massive demand for food products manufactured from potatoes in the countries such as India will proliferate the product penetration in Asian countries. This will further spearhead the expansion of snack pellet equipment industry in Asia Pacific over the ensuing years.
The key players profiled in the report include Kiremko B.V., Jinan Dayi Extrusion Machinery Co., Ltd., JAS Enterprises, GEA Group, Clextral, N.P. & Company, Inc., Radhe Equipments India, Buhler AG, Tsung Hsing Food Machinery Co., Ltd., AC Horn Manufacturing, Grace Food Processing & Packaging Machinery, and Mutchall Engineering Pvt. Ltd.
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