Global Snack Pellet Equipment Market: Overview
Snack pellet are ready to eat snacks. They are made up with variety of grains including corn, wheat, rice, tapioca or potatoes and various vegetables. It is a semi-finished product which is generally sold to snack manufacturers. Owing to ready to eat facility the snack pellet equipment market is expected to grow substantially over the period of time. The extensive application of snack pellets in bakery and other food industry is another factor that is promoting the growth if global snack pellet equipment market from 2019 to 2027. The use of these pellets to add taste to the various food cuisines is yet again another factor that is promoting the growth of global snack pellet equipment market.
A recent report by Transparency Market Research provides in-depth analysis of global snack pellet equipment market. The report covers crucial facets such as key growth drivers, market opportunities, and notable developments of global snack pellet equipment market. The report provides valuable insights to the players and help them to have better decision making process.
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Global Snack Pellet Equipment Market: Notable Developments
The global snack pellet equipment market is highly fragmented and competitive in nature. The market is dominated by the activities of some of the prominent players. These players pose a great challenge for a new comer to establish itself in the market. To overcome these challenges, the new players are adopting strategies such as merger, collaborations, and partnerships. These strategies are allowing the new players to compete against well-established corporate giants in the global snack pellet equipment market.
On the other hand, the key players are focusing on product launches and heavy investments in the field of research and development. These steps provide much needed competitive edge to stay ahead of their rivals. With above mentioned factors, producers are also likely to focus on product launches and innovations catering to the poultry and swine applications.
- In November 2017, GEA Germany took-over Pavan Group to expand its snack pellet equipment product portfolio. The acquisition also helped the company to strengthen its brand presence in global snack pellet equipment market across the globe.
- In December 2016, Clextral launched EVOLUM+ twin-screw extruders, which is equipped with advanced technology and provides high flexibility and control for developing high product quality and stability.
Some of the prominent players of global snack pellet equipment market are: 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, and Radhe Equipments.
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Global Snack Pellet Equipment Market: Key Drivers
The changing lifestyle of people in various regions across the globe is one of the major factors that is influencing the growth of global snack pellet equipment market during the forecast of 2019 to 2027. Changing work culture of people in various countries is yet another factor that is promoting the growth of global snack pellet equipment market. Moreover, advantages such as enhanced shelf-life of the food products, easy storage, cost-effective transportation is surging the demand for snack pellet equipment these days. Owing to this rising demand, the global snack pellet equipment market is expected to witness a remarkable growth in coming years of the forecast.
As a result of rising concerns of snack pellet manufacturers in terms of enhanced productivity, quality of the products, and other factors, the global snack pellet equipment market has gained major momentum in recent years. The rising demand for non-expanded snack pellets has compelled the manufacturers to incorporate various extruders to provide better pellets to the customers. This as a result has contributed significantly in the growth of global snack pellet equipment market in the forecast period of 2019 to 2027.
Global Snack Pellet Equipment Market: Regional Analysis
Asia Pacific is expected to witness the maximum growth of the snack pellet equipment market during the forecast period. The growth of the region is majorly driven by the rapid urbanization and growing customer awareness of the benefit of snack pellets in various countries. Moreover, growing working atmosphere in countries such as India and China also aids to the growth of Asia Pacific in snack pellet equipment market. Also, the presence of various prominent players in the region is supporting the growth of Asia Pacific in snack pellet equipment market in the forecast period of 2019 to 2027.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.