The global snack pellet equipment market size is expected to reach a valuation of USD 1800 Million in 2023. Furthermore, with rising production and consumption of snacks across the world, the overall demand for snack pellet equipment is projected to grow at 5.2% CAGR between 2023 and 2033, totaling a market valuation of USD 2,988.3 Million by 2033.
Snack pellets are prepared foods that are further processed and developed into snack products for consumption. Various grains, including maize, wheat, rice, tapioca, potatoes, and other vegetables are used to make snack pellets.
These semi-finished products (snack pellets) are generally sold to snack manufacturers who cook them in a variety of ways, including frying, hot air baking, etc., and they add various flavorings to make ready-to-eat snacks. Snack pellets are gaining wider popularity as they require less time and effort to prepare.
Machines utilized for making these snack pellets are called snack pellet equipment. The machinery used to make snack pellets includes devices such as a cooking unit, a cutting unit, a laminating system, a frying system, a perforation unit, a pre-drying zone, and cooling systems.
The need for snack pellet equipment is rising as a result of people's busy lifestyles and the rising use of processed snack pellets. Similarly, it is anticipated that the snack pellet equipment market would be considerably impacted by the development of snack pellet equipment and technology.
Additionally, rising demand for different types of snack pellet food products among people in developing countries and new government measures to increase the market for processed snack pellets would create lucrative opportunities for industry participants during the next ten years.
Regionally, North America will continue to dominate the global snack pellet equipment market during the forecast period of 2023 and 2033. Growth in North America’s snack pellet equipment market can be attributed to the rising demand for ready-to-eat snack pellets and the presence of leading snack pellet equipment manufacturing companies.
| Attributes | Key Insights |
|---|---|
| Snack Pellet Market Estimated Value (2023) | USD 1,800 Million |
| Projected Market Value (2033) | USD 2,988.3 Million |
| Value-based CAGR (2023 to 2033) | 5.2% |
Rising Trend of On-the-Go Snaking Boosting Market in the USA
As per FMI, the USA snack pellet equipment market is currently valued at around USD 301.0 Million and it is poised to grow at a steady pace during the next ten years. This is due to a boom in go-to snack and fast food culture across the USA due to fast-paced lifestyles.
Similarly, preparing food in a short time and maintaining the freshness of the food is increasing the demand for snack pellet equipment in the country and the trend is likely to continue during the forecast period.
In addition to this, the presence of leading snack pellet equipment manufacturers and the availability of advanced manufacturing machinery are positively impacting the growth of the USA market.
Rising Adoption Across Food Processing Industry Fuelling Sales in the UK
The UK snack pellet equipment market reached a valuation of around USD 213.1 Million in 2023 and it is expected to register moderate growth during the next ten years. Furthermore, with around 32% market share, the UK will continue to dominate the Europe snack pellet equipment market during the forecast period.
Rapid urbanization and the booming food industry are some of the key factors pushing demand for snack pellet equipment in the UK market. pushing this demand. Similarly, increasing snack consumption is also one factor boosting the snack pellet equipment industry in the country.
Advances in the food processing sector, such as merging all process equipment into one to save human labor and increase sanitation standards, are projected to propel market growth.
Rising Consumption of Processed Foods Pushing Demand in China
According to Future Market Insights, China's snack pellet equipment industry is currently valued at over USD 128.5 Million and it holds approximately 34% of the Asia pacific snack pellet equipment market. This is due to a rapidly growing population with a wide range of socioeconomic and cultural characteristics.
As western countries have increased their investment in the region to develop the food industry, demand for snack pellet equipment has increased, production levels have advanced, and processing times have decreased.
In addition, market expansion has been aided by rising snack consumption in urban areas, increased need for processed food products, and a strong presence of leading manufacturers in the country.
Multigrain-based Segment to be Most Lucrative Product Type Segment
As per FMI, the multigrain-based segment is likely to grow at the highest pace during the projected period, owing to the rising consumption of multigrain-based snack pellets by consumers due to their high nutritional value.
Multigrain snack pellets are made of various grain types and thus have high nutritional value. They are rich in nutrients like fiber and possess low-fat content.
Rising health consciousness among consumers across the globe is expected to push the demand for multigrain-based snack pellets during the forecast period, thereby fuelling the growth of the target segment.
Demand to Remain High for Extrusion Machines
Based on equipment type, the extrusion segment is expected to dominate the global snack pellet equipment market during the forecast period. This can be attributed to the rising usage of extrusion machines for making various forms of snack pellets.
Manufacturers in the snack pellet market are concentrating on producing various forms of snack pellets to meet changing end-user demands. For this purpose, they employ extrusion equipment types.
There are generally two major types of extrusion equipment including single-screw extruders and twin-screw extruders used for snack pellet manufacturing by companies
Leading players in the snack pellet equipment market are adopting various organic and inorganic strategies such as new product launches, partnerships, mergers, acquisitions, and collaborations to gain a competitive edge in the market. For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,800 Million |
| Projected Market Size (2033) | USD 2,988.3 Million |
| Anticipated Growth Rate (2023 to 2033) | 5.2 % CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | Product Type, Equipment Type, Form, Region |
| Key Companies Profiled | 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 |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global snack pellet equipment market is expected to be valued at USD 1,800 Million in 2023.
As per FMI, the global snack pellet equipment market is expected to rise at a CAGR of 5.2% during the forecast period of 2023 to 2033.
The global snack pellet equipment market is projected to surpass a valuation of USD 2,988.3 Million by the end of 2033.
The USA, China, Germany, Mexico, and the UK are the major countries driving demand for snack pellet equipment.
Clextral, GEA Group, Buhler AG, N.P. & Company, Inc., and Kiremko B.V. are the top 5 players operating in snack pellet equipment market.
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Snack Pellet Equipment Market
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