Snack Pellet Equipment - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Snack Pellet Equipment Market is accounted for $0.94 billion in 2018 and is expected to reach $1.61 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Increasing customer preference for convenience foods, rising availability of multi-grain snacks that are filling and healthy and growing advancement in equipment & technologies are some of the key driving factors market growth. However, high one-time investment in machinery may restrain the market growth.
Snack pellet are ready to eat snacks. Snack pellets are semi-finished products which are either cooked by frying or by hot air expansion. They are made up with variety of grains including corn, wheat, rice, tapioca or potatoes and various vegetables. These products are also convenient to store as compared to other ready to eat alternatives.
Based on Equipment, Extrusion/Cooking segment is estimated to have a lucrative growth due to the during the forecast period. Extrusion equipment is mostly used in food industry to offer the snacks in different size and shape. By Geography, North America is likely to have a huge demand due to huge presence of well-established snack pellet equipment manufacturing firms in the region.
Some of the key players profiled in the Snack Pellet Equipment Market include AC Horn Manufacturing, Buhler AG, Clextral, GEA Group, Grace Food Processing & Packaging Machinery, JAS Enterprises, Jinan Dayi Extrusion Machinery Co., Ltd, Kiremko B.V., Mutchall Engineering Pvt. Ltd., N.P. & Company, Inc., Radhe Equipments India and Tsung Hsing Food Machinery Co., Ltd.
• Other Products
• Other Equipments
• Commercial Food Services
• Food Processing Plant
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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