Corn Puff Making Machine Market to Witness Sales Slump in Near Term Due to COVID-19; Long-term Outlook Remains Positive

 Between 2023 and 2033, the corn puff making machine market is expected to grow at a healthy CAGR of 7.6%. The market is expected to reach a valuation of $4 billion by 2033, from its current share of US$ 1.9 billion in 2023.

- New flavors and attractive packaging solutions have thrived the demand for puffy snacks. The puffy snack producers have made new developments along with the adoption of corn puff making machines.

- The healthy qualities of corn consumption led to the higher sales of corn puff-based consumables. Therefore, small food business enthusiasts have started adopting the corn puff- making machine.

- The machines need to be cleared through government approvals. Vendors try to make these machines as efficient as they can while also enhancing productivity.

- The rising demand for a native snack that involves the use of corn and puff has been addressed by the FMCG business and the vendors introduce their machines according to the capacity, power, machine type, design, phase type, grade, and snacks type.

- The emerging FMCG economies have adopted these machines to boost their sales of corn-based snacks. Due to the affordable pricing, corn puff are in high demand, thriving the demand for corn puff making machine.

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Top Points:

  1. The fruitful segment based on the mode of operation is manual which is estimated to thrive at a CAGR of 5.2% (2023–2033) as its easily operable and can be customized according to the puff size and weight.
  2. The biggest segment based on the application category is commercial puff making machines that are forecasted to thrive at a CAGR of 7.9% between 2023 and 2033. The high CAGR is attributed to the increased FMCG businesses along with the common while its only possible use of such big machine is at factory.
  3. US market for corn puff making machines has strengthened over the years and is likely to thrive at the highest CAGR of 6.7% during the forecast period. The growth is attributed to the expanding food and beverages industry.
  4. While US grabs its market space at the highest CAGR, China is expected to hold the second biggest market share of US$ 270.1Mn while it thrives on a CAGR 6.5% between 2023 and 2033. The growth is attributed to proliferating consumption of corn puffs and other packaged puffy snacks.

Competitive Analysis:

Key players focus on enhancing efficiency and productivity at the same time along with providing the machine with longer shelf life. Competitors adopt techniques such as mergers and acquisitions to expand their supply chain while also diversifying their distribution channels. Major companies in the corn puff making machines market are Guangzhou Shining Equipments, Shandong Loyal Industrial Co ltd., Zigma Machinery & Equipment Solutions, Shinyoung Mechanics Co ltd., Grace Food Processing & Packaging Machinery

Recent Market Developments:

  1. Shandong Loyal Industrial Co has revisited and reprogrammed its corn puff making machine to enhance its deliverance while making it more efficient
  2. Grace Food Processing & Packaging Machinery has introduced its kurkure making machine that is based out of corn. The company claims to sustain a fully automatic kurkure production line while holding a capacity of 100–120 Kg of kurkure per hour.

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