[175+ Pages Report] According to the report published by Facts and Factors, the global Snack Pellet Equipment market size was worth around USD 950 million in 2022 and is estimated to grow around USD 1425 million by 2030 with a compound annual growth rate (CAGR) of approximately 5.96% between 2023 and 2030. The report analyses the global Snack Pellet Equipment market drivers, restraints/challenges, and the impact they have on the demands during the forecast period. In addition, the report analyses emerging opportunities in the Snack Pellet Equipment market.
The use of trusted tools by our analyst has helped them conclude the global Snack Pellet Equipment market size in terms of USD Million during the forecast timeframe. The report showcases the historic data from 2019 to 2021 along with the forecast data from 2022 to 2030. The market research study provides the market statistics and drivers that help the market expand in a graphical and theoretical pattern.
Our experts have used tools like Porter’s Five Forces, PESTEL analysis, and SWOT analysis to study market trends and challenges. These tools also help study each and every microscopic data that has an impact on market growth. The market-oriented study offers all the details such as mergers, joint ventures, market share, market statistics, emerging trends, challenges & opportunities, and new launches.
Snack pellets are small intermediate products produced through the extrusion process that uses various raw materials such as tapioca, potato, corn, and rice. The pellets are produced by using an extruder to press the raw material. Other snack pellet production technologies include single twin-screw extrusion, screw extrusion, and co-extrusion. The pellet of various shapes, textures, and sizes are produced.
Report Attribute |
Details |
Market Size in 2022 |
USD 950 Million |
Projected Market Size in 2030 |
USD 1425 Million |
CAGR Growth Rate |
5.96% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Mutchall Engineering Pvt. Ltd., Clextral, Buhler AG, N.P. & Company Inc., AC Horn Manufacturing, GEA Group, Kiremko B.V., Grace Food Processing & Packaging Machinery, JAS Enterprises, TsungHsing Food Machinery Co. Ltd., Jinan Dayi Extrusion Machinery Co. Ltd., Radhe Equipments India., and Others |
Key Segment |
By Product Type, Form, Equipment Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The 3D pellets are made using advanced technologies to increase production capacity within a limited time. This advancement is one of the major drivers of the market. Increasing demand for extruded snacks on a global and regional level will supplement the growth of the global Snack Pellet Equipment market. Additionally, the increasing ready to eat facility is predicted to aid the global Snack Pellet Equipment market growth.
Apart from this, the substantial growth of the market over the forecast timeframe is due to the widespread application of snack pellets in the bakery and myriad food industries. The application of pellets to add taste to various food cuisines promotes the growth of the global snack pellet equipment market. The changing lifestyle and work culture of people will influence the growth of the global snack pellet equipment market during the forecast of 2019 to 2025. Moreover, the longer shelf-life, easy storage, and cost-effective transportation of the snack pellet are surging the global snack pellet equipment market.
In terms of product type, the global Snack Pellet Equipment market is sectored into Corn-Based, Potato-Based, Tapioca-Based, Rice-Based, Multigrain-Based, and Others. By form, the market is segmented into 2D, Tridimensional, and Die-Faced. Based on equipment type, the global Snack Pellet Equipment market is divided into Mixing, Frying, Cutting, Extrusion, Drying, Seasoning, and Others.
Global Snack Pellet Equipment market comprises of key players such as:
Global Snack Pellet Equipment market is segmented into:
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