Factors Driving the Snack Pellets Market
The snack pellets market is estimated to account for about USD 2.0 billion in 2018 and is projected to reach a value of about USD 2.5 billion by 2023, at a CAGR of 5.3%. The growth of the snack pellets market is driven by the rising demand for prepared and convenience food products. In addition to this, the growing focus on facility expansion, marketing schemes, and information exchange programs for creating awareness to enhance the consumption of snack pellets has contributed to the growth of the market.
Report Objectives:
To define, segment, and project the global market size for snack pellets products
To understand the structure of the snack pellets 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 contribution to the total market
To project the size of the market and its submarkets, in terms of value, with respect to the four regions (along with their respective key countries)
To profile the key players and comprehensively analyze their core competencies
To understand the competitive landscape and identify the major growth strategies adopted by players across key regions
To analyze competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=34540077
The gelatinized segment is projected to account for the largest market size during the forecast period.
On the basis of form, the snack pellets market is segmented into laminated, die-face, tridimensional, and gelatinized. Gelatinized pellets are uniform in thickness; and are generally flat, with holes on the surface. The thickness is essential for the maintenance of shape definition upon frying or toasting. Gelatinized pellets can be produced by using a specially designed high-speed rotary cutting machine, which sequentially and synchronously punches the holes and cuts the sheet into the desired shape. Hence, the gelatinized form of snack pellets in the food industry is witnessing growth.
The single screw extruder segment is expected to account for the largest share in the snack pellets market in 2018”.
On the basis of technique, the snack pellets market is dominated by the single-screw extruder segment. Single-screw extruders are comparatively easy to operate and maintain. Moreover, there are various types of single extruders offered by leading players in the market; these extruders are effective and capable of producing complex extruded snack food products. A single-screw extruder uses one screw in the barrel of the extruder to transport and shape multiple ingredients by forcing the ingredient mix through a shaped die to produce a uniform shape.
Request for Customization: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=34540077
North America is estimated to dominate the snack pellets market in 2018.
North America is estimated to account for the largest market share for snack pellets in 2018. Because of the abundant availability of raw materials and the presence of a strong food processing industry, North America holds the largest share of the snack pellets market, in terms of both volume and value. Additionally, snacks made from potatoes are highly preferred by consumers. These factors are responsible for the largest share of potato-based snack pellets in the region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the snack pellets market. It includes the profiles of the leading companies such as Limagrain Céréales Ingrédients (France), Liven S.A. (Spain), Grupo Michel (Mexico), Leng dOr S.A. (Spain), and Pellsnack-Products GmbH (Germany).
Recent developments:
Limagrain Céréales Ingrédients entered into an agreement to acquire 100% shares of Unicorn Grain Specialties (the Netherlands). This agreement would strengthen Limagrain’s strong presence in Northern Europe, in the pulses and cereals market. It would also provide specialized ingredients to industries such as breakfast cereals, bakery, snacking, animal nutrition, and nutrition markets.