Hectic lifestyle of people have paved the way for non-availability of time for sitting and indulging in meals, eventually increasing the demand for ready to eat snacks. Eventually, driving the growth of snack pellet market. The demand for extruded snack pellets is increasing promptly due to the great melange of snacks in terms of flavors, colors, shapes, and textures. Spurring demand for prepared and convenience food products is a prime dynamic for the snack pellets market growth. Moreover, the attributes of the snack pellets such as longer shelf life, stability, and high density is propelling the growth of snack pellet market, as per the newly compiled business intelligence report by IndustryARC. The Snack Pellets Market size stood at $6.4 billion as of 2018, and the demand is anticipated to increase at a CAGR of 5.80% during the forecast period 2019-2025.
The report titled “Snack Pellets Market: By Type (Potato, Rice, Multi grain, Tapioca & Others), By Forms (Laminated, Tri dimensional, Die face, Gelatinized, Others), By Equipment (Single-Screw Extruder & Twin-Screw Extruder), By Geography – Forecast (2018 - 2023)” provides all the information, facts and statistics that will aid one to understand the dynamics of the snack pellets market along with market drivers, market value chain, restraints, growth indicators, market trends, challenges, future outlook, and market insights.
Snack Pellets Market: Leading Segments
Europe held the leading share of 35.6% of the total demand in the market in 2018. Booming food processing industry and high availability of raw materials are fuelling the growth of snack pellets market in the Europe. Additionally, varied marketing schemes, advertisements, and awareness programs are some other key factors that facilitated Europe with maximum demand share in snack pellet market.
Snack pellets are segmented by type into potato, rice, multi grain, and tapioca. Potato based snacks are widely consumed snacks among the other aforementioned types. Ease of availability of potatoes, high nutrients, and wide range of flavors are the factors that are gravitating the consumers towards potato based snacks. Resultantly, key market players have capitalized on this application segment which is expected to impel with a healthy CAGR of 5.92% through to 2025.
Snack Pellets Market Trends
The technological advancements in extrusion process such as the production of 3D snack pellets is disrupting the global market. The 3D snack pellets technology is introduced to meet the raising demand for new varieties of snack pellets.
Snack Pellets Market: Competitive Landscape
Global snack pellets market report comprises of prominent companies holding majority shares, which includes Intersnack Group GmbH & Co. KG (Germany), Limagrain Cereales Ingredients (France), Liven S.A. (Spain), Grupo Industrial Michel (Mexico), Leng-d'Or, S.A.U. (Spain), Balance Foods, Inc.? (US), Pasta Foods Ltd.? (UK), Quality Pellets A/S (Denmark), Chhajed Foods Pvt. Ltd. (India), Pellsnack-Products GmbH (Germany), J.R. Short Milling Company, and Grupo Industrial Michel.
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A. South America Sweet and Salty Snacks Market
B. Food Flavors Market
What can you expect from the report?
The snack pellets market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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