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According to the current analysis of Reports and Data, the global Snack Pellet Equipment Market was valued at USD 957.5 Million in 2018 and is expected to reach USD 1505.8 Million by the year 2026, at a CAGR of 5.8 %. Expansion, flavoring, bagging, packaging are the four crucial stages in the snack pellet manufacturing. Cooker extruder, former extruder, rotary former, laminating rollers, shaking pre-drier, dryer, and cooler are some of the equipment used in snack pellet manufacturing. Manufacturers of snack pellets provide different pellets to customers using extruders. Extruders are available in two forms, namely, single screw extruders and twin-screw extruders. Single screw extruder production cost is relatively higher than the twin-screw. Demand for twin-screw is high and is continuing to increase during the forecast period; pertaining to its greater flexibility and ability to process a wide range of raw materials. Square grille, star, round grille, and rectangles with color strips of bacon imitation are some of the variations in shapes made available by the market players.
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Focus on higher productivity and increased palatability by the manufacturers is a driving factor to the market. Rising demand for healthier snack food is propelling the snack pellet equipment market. Also, government initiatives to endorse snack pellets manufacturing is an opportunity for manufacturers to tap the immature markets.
The high initial cost associated with the snack pellet equipment and its installment is a major market restraint.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/snack-pellet-equipment...
Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the Snack Pellet Equipment market on the basis of equipment type, product type, form and region:
Equipment (Revenue in Million USD; 2016–2026)
Product (Revenue in Million USD; 2016–2026)
Form (Revenue in Million USD; 2016–2026)
Regional Outlook (Revenue in Million USD; 2016–2026)
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