Snack Pellet Equipment Market Product Type (Potato-Based, Corn-Based, Rice-Based, Tapioca-Based, Multigrain-Based), Form (2D, Tridimensional, Die-Faced), Equipment Type (Extrusion, Mixing, Cutting, Drying, Frying, Seasoning), and Region - Global Forecast to 2025
[132 Pages Report] The snack pellet equipment market is estimated to account for nearly USD 1.0 billion in 2019 and is projected to reach a value of nearly USD 1.4 billion by 2025, recording a CAGR of 5.2%. The snack pellet segment is driven by the increasing need for convenience foods due to the busy lifestyles of consumers. Thus, the increasing consumer preference for processed foods contributes to the growing demand for snack pellets as they require less time and efforts to prepare. This, in turn, has contributed to the growth of the snack pellet equipment market. Easy availability is also one such factor, which significantly impacts the consumption and demand for snack pellets.
The extrusion segment is estimated to dominate the global snack pellet equipment market in 2019.
By equipment type, the extrusion segment is estimated to dominate the global market in 2019. The food industry requires high-quality and reliable equipment with advanced functionalities to produce effective results and satisfy the needs of consumers. Manufacturers in the snack pellet extrusion market are mainly focusing on producing various forms of snack pellets for their customers globally. With the advancements in technology, the designs of extrusion screws have improved over the years with new innovations. The two major types of extrusion equipment are single-screw extruder and twin-screw extruder. The demand for these screws remains high due to their enhanced productivity and ability to manufacture snack pellets of high-quality at low cost. At the design stage of the extrusion process, it is crucial to evaluate the performance of the screw.
The 2D segment is estimated to account for the largest share in the snack pellet equipment market in 2019.
By form, the 2D segment is estimated to account for the largest share in the market in 2019. The 2D form of snack pellets witnesses significant demand among individuals globally. The 2D snack pellet equipment plant consists of machines such as cooking, perforation unit, a laminating system, cooling systems, cutting unit, pre-drying zone, and frying system. This equipment sets the 2D shape and helps in forming the uniform thickness of the snack pellets. The 2D form of snack pellets is used to obtain snack pellets in various shapes such as twist pellets, round shape pellets, flower shape pellets, and star shape pellets. Thus, the increasing consumer preference for enhanced designs in snack pellet drives the growth of the 2D segment.
The multigrain-based segment is projected to grow at the highest CAGR during the forecast period in the snack pellet equipment market.
By product type, the multigrain segment is estimated to grow at the highest CAGR during the forecast period. Multigrain snack pellets are made of various grain types that have high nutritional value. Earlier, a single grain type was used to produce snack pellets, which limited the nutritional value of the products. Currently, the consumer demand for multigrain snack pellets has increased rapidly as these have high fiber content. With low-fat content, they have higher health and taste benefits as compared to the potato- and corn-based snack pellets. The rising health consciousness among young population has led to an increase in the demand for multigrain snacks, as they are easy to produce, healthy fillers between meals, and convenient to digest. Due to the rising demand, snack pellet manufacturers have added new shapes, forms, and flavors to their existing product portfolio, which in turn, has led to an increase in the demand for snack pellet equipment.
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific is projected to witness the fastest growth during the forecast period. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of snack pellet are key factors driving the demand for snack pellet equipment in the region. The region is the third-largest potato producer in the world. Potato production has rapidly increased in the last two decades due to the expansion of the land area in the Indo-Gangetic Plains. Due to these factors, consumption has also increased in parallel with the increasing popularity and demand as a vegetable in urban diets. In addition, the growing preference for Western fast food products has also led to a surge in demand for potatoes in the country. This, in turn, is driving the fragmented snack pellets market in the region, which is projected to contribute to the growth of the market.
Key Market Players
Key players in this market include Clextral (France), GEA Group (Germany), Buhler AG (Switzerland), N.P. & Company, Inc. (Japan), Kiremko B.V. (Netherlands), JAS Enterprises (India), Grace Food Processing & Packaging Machinery (India), Tsung Hsing Food Machinery Co., Ltd. (Taiwan), AC Horn Manufacturing (US), Jinan Dayi Extrusion Machinery Co., Ltd (China), Mutchall Engineering Pvt. Ltd (India), and Radhe Equipments India (India). These players are focusing on improving their presence by undertaking new acquisitions and developing products specific to the requirements of consumers and their preferences. These companies have a strong presence in Europe and the Asia Pacific. They have also set up manufacturing facilities in various regions and have strong distribution networks.
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
20172025 |
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Base year considered |
2018 |
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Forecast period |
20192025 |
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Forecast units |
Value (USD) |
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Segments covered |
Form, Equipment Type, Product Type, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, South America, Middle East, and Africa |
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Companies covered |
Clextral (France), GEA Group (Germany), Buhler AG (Switzerland), N.P. & Company, Inc. (Japan), and Kiremko B.V. (Netherlands) |
This research report categorizes the snack pellet equipment market based on form, equipment type, product type, and region.
On the basis of Equipment Type the market has been segmented as follows:
- Extrusion
- Twin Screw Extruder
- Single Screw Extruder
- Mixing
- Cutting
- Drying
- Frying
- Seasoning
- Others (cooling & punching)
On the basis of product type, the market has been segmented as follows:
- Potato-based
- Corn-based
- Rice-based
- Tapioca-based
- Multigrain-based
- Others (cereal grains (other than rice and maize), legumes, and vegetables (other than potatoes))
On the basis of form, the market has been segmented as follows:
- 2D
- Tridimensional
- Die-face
On the basis of region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Africa
- Middle East
- South America
Key questions addressed by the report:
- What are the new trending products that the snack pellet equipment companies are exploring?
- Which are the key players in the market and how intense is the competition?
- What are the upcoming growth trends that the snack pellet equipment manufacturers are focusing on in the future?
- What are the high growth opportunities in the market for each segment?
- What are the key growth strategies adopted by major market players in the snack pellet equipments market?
Frequently Asked Questions (FAQ):
Which companies have been included in this study?
The study comprises of top 12 companies operating in the snack pellet equipment market. Following are the top 5 companies included:
- Buhler AG
- GEA Group
- Clextral
- N.P. & Company Inc.
- JAS Enterprises
What are the major drivers identified for this market?
Following are the major drivers enlisted in the market study:
- Increase in adoption of processed snack pellets due to busy lifestyle
- Rise in advancement of equipment and technologies
Does the report also provide number for snack pellets?
What is Competitive Leadership Mapping covered in the report?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Opportunities in the Snack Pellet Equipment Market
4.2 Market: Key Countries
4.3 Market, By Form, 2019 Vs. 2025 (USD Million)
4.4 Developed Vs. Developing Markets for Snack Pellet Equipment
4.5 Market, By Equipment Type
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Adoption for Processed Snack Pellets Due to Busy Lifestyles
5.2.1.2 Rise in Advancement in Equipment & Technologies
5.2.2 Restraints
5.2.2.1 High One-Time Investment in Machinery
5.2.3 Opportunities
5.2.3.1 Government Initiatives to Expand the Processed Snack Pellet Market
5.2.4 Challenges
5.2.4.1 Increase in Availability of Counterfeit Products
6 Snack Pellet Equipment Market, By Equipment Type (Page No. - 38)
6.1 Introduction
6.2 Extrusion/Cooking
6.2.1 Single-Screw Extruder
6.2.1.1 The Production Cost of Single-Screw Extruders is Comparatively High Than That of Twin-Screw Extruders
6.2.2 Twin-Screw Extruder
6.2.2.1 Demand for Twin-Screw Extruders is Increasing as They Provide Higher Flexibility Along With Capability to Process A Wide Range of Raw Materials
6.3 Mixing/Forming
6.3.1 Demand for Adjustable Rotators is Increasing for the to Process of Mixing A Wide Range of Raw Materials
6.4 Cutting
6.4.1 Demand for Automatic Cutters With Variety of Rotatory Blades is Increasing as They Provide Various Shapes of Snack Pellets
6.5 Drying
6.5.1 Dryers are Majorly Used to Reduce the Pellet Moisture, Which are Then Packaged for Later Production Either By Air Puffing Or Microwave Cooking
6.6 Frying
6.6.1 Frying Forms an Important Part in the Snack Pellet Production, Which Helps in Enhancing the Taste and Flavor of the Finished Snack Pellet Products
6.7 Seasoning
6.7.1 In the Snack Pellet Formation, Seasoning Flavors Must Meet the Desired Organoleptic Properties, I.E., It Should Deliver the Desired Flavor With Low Rate Application
6.8 Others
7 Snack Pellet Equipment Market, By Product Type (Page No. - 49)
7.1 Introduction
7.1.1 Potato-Based
7.1.1.1 The Easy Availability and Rising Common Preference Among Children Have Accelerated the Market of Potato-Based Snacks
7.1.2 Corn-Based
7.1.2.1 The Rising Consumption of Corn-Based Snacks in Developed Countries
7.1.3 Rice-Based
7.1.3.1 Increasing Adoption of Rice-Based Products Due to the Easy Availability of Rice and Its Cheaper Production Cost
7.1.4 Tapioca-Based
7.1.4.1 Rising Preference for Gluten-Free Food Products Among Consumers
7.1.5 Multigrain-Based
7.1.5.1 Increasing Health Cautiousness Among Consumers is Accelerating the Demand for Multigrain Snacks
7.1.6 Others
7.1.6.1 The Rise in Acceptance of New Varieties of Snack Pellets Among Consumers
8 Snack Pellets Equipment Market, By Form (Page No. - 58)
8.1 Introduction
8.2 2D
8.2.1 2D Form Dominated the Snack Pellets Equipment Market During the Forecast Period
8.3 Tridimensional
8.3.1 Demand for Tridimensional Form of Snack Pellets is Expected to Be High During the Forecast Period as They are More Popular in the Young Generation
8.4 Die-Face
8.4.1 Demand for Die Faced Form of Snack Pellets is Expected to Grow at the Highest Rate Due to Diversity of the Products in Terms of Shapes, Textures, Colors and Flavours
9 Snack Pellet Equipment Market, By Region (Page No. - 63)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Increasing Demand for Flexible and Cost-Effective Equipment, Followed By Increased Trade for Processed Foods, is Accelerating the Snack Pellet Equipment Market
9.2.2 Canada
9.2.2.1 Rising Imports of Snack Pellets, Indicating the Opportunity for Local Snack Manufacturers to Increase Sales
9.2.3 Mexico
9.2.3.1 Rise in Production Capacity for Snack Pellets is Increasing the Demand for Snack Pellet Equipment
9.3 Europe
9.3.1 UK
9.3.1.1 Growing Consumption of Extruded Food Products and Increasing Investments From Manufacturers are Driving the Demand for Extruders
9.3.2 Italy
9.3.2.1 Increasing Import of Snack Pellets is Also Creating Growth Opportunities for the Local Snack Pellet Equipment Manufacturers to Increase Their Sales
9.3.3 France
9.3.3.1 Increasing Import of Snack Pellets has Led to A Surge in Demand for Snack Pellet Equipment in the Country
9.3.4 Germany
9.3.4.1 Increasing Technological Advancement is Driving the Snack Pellet Equipment Market
9.3.5 Poland
9.3.5.1 The Rise in Consumption of Potato-Based Snack Pellets has Led to A Surge in Demand for Snack Pellet Equipment Among Local Snack Manufacturers
9.3.6 Spain
9.3.6.1 High Demand for Potato-Based Hispanic Snacks is Driving the Growth of the Snack Pellet Equipment Market
9.3.7 Rest of Europe
9.3.7.1 Rapid Modernization in the Snack Food Industry is Accelerating the Demand for Advanced Extruders
9.4 Asia Pacific
9.4.1 India
9.4.1.1 Demand for of Snack Pellets Equipment in India is Expected to Be High During the Forecast Period as the Market has A High Number of Local Players
9.4.2 Indonesia
9.4.2.1 Demand for Snack Pellets Equipment in Indonesia is Expected to Be High During the Forecast Period as Snacks are One of the Key Products Exported By the Country
9.4.3 China
9.4.3.1 Changing Consumer Preferences, as A Result of Growth in the Economy, are Driving the Market for Snack Pellets in China
9.4.4 Japan
9.4.4.1 Demand for of Snack Pellets Equipment in Japan is Expected to Be High During the Forecast Period Also Owing to High Technological Development
9.4.5 Rest of Asia Pacific
9.4.5.1 Demand for of Snack Pellets Equipment in Rest of Asia Pacific is Expected Grow Due to the Presence of Small and Medium Scale Enterprises
9.5 South America
9.5.1 Brazil
9.5.1.1 Significant Agricultural Production Supports the Snack Pellet Industry With A Smooth Supply of Raw Materials Such as Corn and Tapioca Which Drives the Equipment Market in the Region
9.5.2 Rest of South America
9.5.2.1 Demand for of Snack Pellets Equipment in Rest of South America is Expected Grow Due to Expansion of Snack Pellet Equipment Industry in the Region
9.6 Africa
9.6.1 South Africa
9.6.1.1 The Growing Trend of Working Women and Busy Work Schedules is Driving the Demand for Convenience Products Such as Snacks, Indicating A Substantial Growth for the Snack Pellet Equipment Industry in the Country
9.6.2 Rest of Africa
9.6.2.1 Demand for of Snack Pellets Equipment in Rest of Africa is Expected to Rise Due to the Demand of Various Types of Snacks in the Region
9.7 Middle East
9.7.1 The Snack Pellet Demand is Estimated to Grow With the Development of the Market and Penetration of Large Manufacturers in the Country
10 Competitive Landscape (Page No. - 102)
10.1 Overview
10.2 Competitive Leadership Mapping, 2017 (Overall Market)
10.2.1 Visionary Leaders
10.2.2 Dynamic Differentiators
10.2.3 Innovators
10.2.4 Emerging Companies
10.2.5 Expansions
10.2.6 Acquisitions
10.2.7 New Product Launches
11 Company Profiles (Page No. - 107)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Clextral
11.2 GEA Group
11.3 Buhler AG
11.4 N.P. & Company, Inc.
11.5 JAS Enterprises
11.6 Grace Food Processing & Packaging Machinery
11.7 Kiremko B.V.
11.8 Tsung Hsing Food Machinery Co., Ltd.
11.9 AC Horn Manufacturing
11.10 Jinan Dayi Extrusion Machinery Co., Ltd
11.11 Mutchall Engineering Pvt. Ltd.
11.12 Radhe Equipments India
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 126)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (66 Tables)
Table 1 Snack Pellet Equipment Market Size, By Equipment Type, 20172025 (USD Million)
Table 2 Extrusion Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 3 Mixing Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 4 Cutting Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 5 Drying Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 6 Frying Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 7 Seasoning Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 8 Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 9 Snack Pellet Equipment Market Size, By Product Type, 20172025 (USD Million)
Table 10 Potato-Based: Snack Pellet Equipment Market Size, By Region, 20172025 (USD Million)
Table 11 Corn-Based: Snack Pellet Equipment: Market Size, By Region, 20172025 (USD Million)
Table 12 Rice-Based: Snack Pellet Equipment: Market Size, By Region, 20172025 (USD Million)
Table 13 Tapioca-Based: Snack Pellet Equipment: Market Size, By Region, 20172025 (USD Million)
Table 14 Multigrain-Based: Snack Pellet Equipment Market Size, By Region, 20172025 (USD Million)
Table 15 Others: Snack Pellet Equipment Market Size, By Region, 20172025 (USD Million)
Table 16 Snack Pellets Equipment Market Size, By Form, 20172025 (USD Million)
Table 17 2D Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 18 Tridimensional Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 19 Die-Face Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 20 Market Size, By Region, 20172025 (USD Million)
Table 21 North America: Snack Pellet Equipment Market Size, By Country, 20172025 (USD Million)
Table 22 North America: Market Size, By Equipment Type, 20172025 (USD Million)
Table 23 North America: Market Size, By Product Type, 20172025 (USD Million)
Table 24 North America: Market Size, By Form, 20172025 (USD Million)
Table 25 US: Market, By Equipment Type, 20172025 (USD Million)
Table 26 Canada: Market, By Equipment Type, 20172025 (USD Million)
Table 27 Mexico: Market, By Equipment Type, 20172025 (USD Million)
Table 28 Europe: Market Size, By Country, 20172025 (USD Million)
Table 29 Europe: Market Size, By Equipment Type, 20172025 (USD Million)
Table 30 Europe: Market Size, By Product Type, 20172025 (USD Million)
Table 31 Europe: Market Size, By Form, 20172025 (USD Million)
Table 32 UK: Market, By Equipment Type, 20172025 (USD Million)
Table 33 Italy: Market, By Equipment Type, 20172025 (USD Million)
Table 34 France: Market, By Equipment Type, 20172025 (USD Million)
Table 35 Germany: Market, By Equipment Type, 20172025 (USD Million)
Table 36 Poland: Market, By Equipment Type, 20172025 (USD Million)
Table 37 Spain: Market, By Equipment Type, 20172025 (USD Million)
Table 38 Rest of Europe: Market, By Equipment Type, 20172025 (USD Million)
Table 39 Asia Pacific: Snack Pellets Equipment Market Size, By Region, 20172025 (USD Million)
Table 40 Asia Pacific: Snack Pellets Market Size, By Equipment Type, 20172025 (USD Million)
Table 41 Asia Pacific: Snack Pellets Equipment Market Size, By Product Type, 20172025 (USD Million)
Table 42 Asia Pacific: Snack Pellets Equipment Market Size, By Form, 20172025 (USD Million)
Table 43 India: Market, By Equipment Type, 20172025 (USD Million)
Table 44 Indonesia: Market, By Equipment Type, 20172025 (USD Million)
Table 45 China: Market, By Equipment Type, 20172025 (USD Million)
Table 46 Japan: Market, By Equipment Type, 20172025 (USD Million)
Table 47 Rest of Asia Pacific Snack Pellet Equipment Market, By Equipment Type, 20172025 (USD Million)
Table 48 South America: Market Size, By Equipment Type, 20172025 (USD Million)
Table 49 South America: Market Size, By Equipment Type, 20172025 (USD Million)
Table 50 South America: Market Size, By Product Type, 20172025 (USD Million)
Table 51 South America: Market Size, By Form, 20172025 (USD Million)
Table 52 Brazil: Market, By Equipment Type, 20172025 (USD Million)
Table 53 Rest of South America: Snack Pellet Equipment Market, By Equipment Type, 20172025 (USD Million)
Table 54 Africa: Snack Pellets Equipment Market Size, By Country, 20172025 (USD Million)
Table 55 Africa: Snack Pellets Equipment Market Size, By Equipment Type, 20172023 (USD Million)
Table 56 Africa: Snack Pellets Equipment Market Size, By Product Type, 20172025 (USD Million)
Table 57 Africa: Snack Pellets Equipment Market Size, By Form, 20172025 (USD Million)
Table 58 South Africa: Market, By Equipment Type, 20172025 (USD Million)
Table 59 Rest of South Africa: Market, By Equipment Type 20172025 (USD Million)
Table 60 Middle East: Market Size, 20172025 (USD Million)
Table 61 Middle East: Market Size, By Equipment Type, 20172025 (USD Million)
Table 62 Middle East: Market Size, By Product Type, 20172025 (USD Million)
Table 63 Middle East: Market Size, By Form, 20172025 (USD Million)
Table 64 Expansions & Investments, 20132017
Table 65 Acquisitions, 20132017
Table 66 New Product Launches, 20132017
List of Figures (33 Figures)
Figure 1 Snack Pellet Equipment Market Segmentation
Figure 2 Snack Pellet Equipment Market: Regional Scope
Figure 3 Market: Research Design
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Market Size, By Product Type, 2019 Vs. 2025 (USD Million)
Figure 9 Market Size, By Equipment Type, 2019 Vs. 2025 (USD Million)
Figure 10 Market Size, By Form, 2019 Vs. 2025 (USD Million)
Figure 11 North America Dominated the Snack Pellet Equipment Market in 2017
Figure 12 Growth in Demand for Snack Pellet Consumption in the Food & Beverage Industry to Drive the Market for Snack Pellet Equipment
Figure 13 The US Dominated the Snack Pellet Equipment Market in 2017
Figure 14 The 2D Segment to Dominate the Market Throughout 2025
Figure 15 Developing Countries in the Asia Pacific Region to Emerge at High Growth Rates During the Forecast Period
Figure 16 The Extrusion Segment Dominated the Snack Pellet Equipment Market
Figure 17 Snack Pellet Equipment Market Dynamics
Figure 18 US: Retail Sales of Snack Products, 20112015 (USD Million)
Figure 19 Extrusion is Projected to Be A Leading Segment During the Forecast Period
Figure 20 The Potato-Based Segment is Projected to Dominate the Market Throughout the Forecast Period
Figure 21 Snack Pellets Equipment Market Size, By Form, 2019 Vs. 2025 (USD Million)
Figure 22 Europe: Snack Pellet Equipment Market Snapshot
Figure 23 Asia Pacific Snack Pellets Equipment Market Snapshot: India is Projected to Be the Fastest-Growing Market By 2025
Figure 24 Snack Pellet Equipment Market: Competitive Leadership Mapping, 2017
Figure 25 Snack Pellet Equipment Market Ranking, 2017
Figure 26 Clextral: Company Snapshot
Figure 27 Clextral: SWOT Analysis
Figure 28 GEA Group: Company Snapshot
Figure 29 GEA Group: SWOT Analysis
Figure 30 Buhler AG: Company Snapshot
Figure 31 Buhler AG: SWOT Analysis
Figure 32 N.P.& Company, Inc: SWOT Analysis
Figure 33 JAS Enterprises: SWOT Analysis
The study involves four major activities to estimate the current market size of the snack pellet equipment market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. These findings, assumptions, and the market size was validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.
Primary Research
The snack pellets equipment market comprises several stakeholders such as manufacturers, importers & exporters, traders, distributors and suppliers of snack pellet equipment, food safety authorities, food technologists, food product manufacturers, raw material suppliers, and regulatory bodies such as the Food and Agriculture Organization (FAO), Environmental Protection Agency (EPA), the Food Safety Council (FSC), government and research organizations, trade associations, and industry bodies. The demand-side of this market is characterized by the rising consumption of snacks globally. The supply-side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the snack pellet equipment market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The value chain and market size of the market, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for key opinions from leaders such as CEOs, directors, and marketing executives.
Data Triangulation
After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both the top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted-top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.
Report Objectives
- To define, segment, and project the global market size for snack pellet equipment
- To understand the structure of the snack pellet equipment market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets, with respect to individual growth trends, future prospects, and their contributions to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to regions (along with their respective key countries)
- To profile key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
- To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client-specific requirements. The available customization options are as follows:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the North American, European, the Asia Pacific, Africa, the Middle East, and South America snack pellet equipment market
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Snack Pellet Equipment Market