Saudi Arabia Snack Pellet Equipment Market Size Set to Grow at Steady CAGR of 6.2% During 2023–2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia snack pellet equipment market size to grow at a steady CAGR of 6.24% by 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia snack pellet equipment market size to grow at a steady CAGR of 6.24% by 2029. The rising popularity of processed snack pellets due to people's busy lifestyles is a major factor driving the growth of the Saudi Arabia snack pellet equipment market. The advancements in snack pellet machinery and technologies are also expected to have a significant impact on the snack pellet equipment market. Also, a spurring demand for a variety of snack pellet food products among people in emerging regions drives market growth. However, market expansion may be hampered by the high cost of machinery and cheaper fake items in the Saudi Arabia snack pellet equipment market during the period in analysis.
Saudi Arabia Snack Pellet Equipment Market – Overview
Snack pellet equipment is a fully automated production line that produces ready-to-eat snacks. Basic ingredients are transformed through the process into a variety of finished goods, including chips, crisps, pellets, and more. Essentially, it shapes and cuts anything to a specific size. The automated process begins with excision of the skin before cutting and shaping the thin slices that will be initially extracted for shallow frying or frying.
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Impact of COVID-19 on Saudi Arabia Snack Pellet Equipment Market
COVID-19 pandemic significantly adversely affected the Saudi Arabia snack pellet equipment market, halting plant operations and production. It started in China, the world's center for the supply of raw materials to businesses, and then spread to every link in the manufacturing supply chain. The COVID-19 pandemic reduced international investments in the snack pellet equipment industry. Hence, the demand for snack pellet machinery decreased, particularly in 2020.
Saudi Arabia Snack Pellet Equipment Market - By Equipment Type
Extrusion (Twin Screw Extruder and Single Screw Extruder), Mixing, Cutting, Drying, Frying, Seasoning, and others are the equipment types in the Saudi Arabia Snack Pellet Equipment Market. Extrusion equipment leads the market in terms of market share and is expected to continue its dominance during the forecast period. To achieve success and meet consumer expectations, the food industry requires high-quality, dependable equipment with cutting-edge features. Manufacturers in the industry are primarily concerned with developing various types of snack pellets for their international clients.
Competitive Landscape
Saudi Arabia snack pellet equipment market is fiercely competitive. Major companies in the market include Dalmanza Food Industries Co., Nasma Food Co. Ltd., Taha Abdullah Wooden Pallets Factory, Al-Babtain Plastic Barrel Co. Ltd, Repall Plastic Pallets, BFY Brands, Almounajed Food Industries, Universal Robina Corporation, Al Kabeer Group ME, and BACH SNACKS SAL. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Saudi Arabia snack pellet equipment market.
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