According to the current analysis of Reports and Data, The Global Snack Pellets Market was valued at USD 1.97 Billion in 2018 and is expected to reach USD 2.94 Billion by year 2026, at a CAGR of 5.1%. With rapidly changing consumer lifestyles, the demand for processed and convenience foods is rising. The increase in disposable incomes is further boosting the consumer spending on food consumption and establishing a healthy snacking trend in the market. A significant change is the shift from home-made breakfasts to ready-to-eat snack alternatives. Such factors combined are boosting the growth of this market.
Snack pellets have a longer shelf life and promise enhanced nutritive value in comparison to other conventional processed snacks. Moreover, market players are experimenting with and introducing new flavours and textures of snacks that come with nutritional claims. They are gradually penetrating the densely populated markets of Asia Pacific and Latin America, to exploit the heavy demand for ideal snacks in the region. However, despite favourable growth scenarios in most regions, this market is expected to face difficulties due to operational complexities during food processing and a deficient transport system in some developing regions. Moreover, high acrylamide content in fried snacks is also restricting the market growth as a high acrylamide content results in the development of carcinogenic compounds in these fried foods.
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The Snack Pellets market investigation report assesses the global market for the Snack Pellets industry and provides revenue and capability forecasts for the projected period of 2023-2026. The factors that drive the industry's growth are highlighted in the report. The report divides the Snack Pellets market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Intersnack Group GmbH and Co. KG,
- R. Short Milling,
- Limagrain Cereales Ingredients,
- Mafin,
- Liven S.A.,
- Van Marcke Foods,
- Grupo Industrial Michel,
- Bach Snacks,
- Leng-d'Or,
- Balance Foods, Inc.,
- LE Caselle,
- Pasta Foods Ltd.,
- Quality Pellets A/S,
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
Type (Revenue, USD Million; 2016–2026)
- Potato
- Corn
- Rice
- Tapioca
- Multigrain
- Others
Form (Revenue, USD Million; 2016–2026)
- Laminated
- Tridimensional
- Die-Face
- Gelatinized
Flavor (Revenue, USD Million; 2016–2026)
- Plain
- Flavored
- Nutritional
Technique (Revenue, USD Million; 2016–2026)
- Single-Screw Extruder
- Twin-Screw Extruder
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Snack Pellets market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Snack Pellets market.
The Global Snack Pellets Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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