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.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
· Customer Experience Maps
· Insights and Tools based on data-driven research
· Actionable Results to meet all the business priorities
· Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
· North America
· Asia Pacific
· Europe
· Latin America
· The Middle East and Africa
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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