Snack Pellets Market by Type, Technique, Region - 2023 - PowerPoint PPT Presentation

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Snack Pellets Market by Type, Technique, Region - 2023

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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. – PowerPoint PPT presentation

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Title: Snack Pellets Market by Type, Technique, Region - 2023


1
MarketsandMarkets Presents
Snack Pellets Market - Forecast to 2023
https//www.marketsandmarkets.com/Market-Reports/s
nack-pellets-market-34540077.html
2
The report "Snack Pellets Market by Type (Potato,
Corn, Rice, Tapioca, Multigrain), Form
(Laminated, Tridimensional, Die-face,
Gelatinized), Technique (Twin-screw extruder,
Single-screw extruder), Flavor (Plain, Flavored,
Nutritional), and Region Global Forecast to
2023"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, growing at a CAGR of 5.3 from
2018.  The snack pellets market is highly
impacted by innovations, as manufacturers are
always introducing new ingredients, new variants,
and processing techniques to meet the increasing
demand and cater to changing consumer demands.
The rise in on-the-go consumption has encouraged
the savory snack manufacturing industry to
produce new products that could meet these rising
demands from the working-class consumers. 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 have
contributed to the growth of the market.
    Browse 109 market data Tables and 38 Figures
spread through 149 Pages and in-depth TOC
on "Snack Pellets Market Global Forecast to
2023 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. Download PDF Brochure
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id34540077
3
  • 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
  • The key players identified in this market include
    Limagrain Céréales Ingrédients (France), Liven
    S.A. (Spain), Grupo Michel (Mexico), Leng d'Or
    S.A. (Spain), Pellsnack-Products GmbH (Germany),
    J. R. Short Milling (US), Pasta Foods Ltd (UK),
    Noble Agro Food Products Ltd (India), Bach Snacks
    s.a.l. (Lebanon), Mafin Spa (Italy), Le Caselle
    S.p.A. (Italy), and Van Marcke Foods (the
    Netherlands). These players are focusing on
    increasing their presence through undertaking
    acquisitions and expansions and developing
    products specific to consumer tastes and
    preferences in these regions. These companies
    have a strong presence in Europe and North
    America. They have also set up manufacturing
    facilities in various regions and have strong
    distribution networks. 
  • Make an Inquiry https//www.marketsandmarkets.com
    /Enquiry_Before_BuyingNew.asp?id34540077

4
The multigrain type segment is projected to be
the fastest-growing in the snack pellets market
during the forecast period. The multigrain type
segment is projected to be the fastest-growing
segment in the snack pellets market during the
forecast period. Multigrain snack pellets are
made of various grains that have high nutritional
value. Earlier, a single grain type was used to
produce snack pellets, due to which the
nutritional value of products was limited.
Currently, the consumer demand for multigrain
snack pellets remains high due to its high-fiber
content. With low-fat content, multigrain snack
pellets offer various health and taste benefits,
as compared to potato- and corn-based snack
pellets. Grains such as wheat is mostly used with
other types for snack pellets. 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. Request Sample https//www.marketsandm
arkets.com/requestsampleNew.asp?id34540077  
5
  • The single-screw extruder segment is estimated 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.
  • Recent Developments
  • Limagrain Céréales Ingrédients entered into an
    agreement to acquire 100 shares of Unicorn Grain
    Specialties (the Netherlands). This agreement
    would strengthen Limagrains 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.
  • Key Questions addressed by the report
  • What are new trending flavors which the snack
    pellet companies are exploring?
  • Which are the key players in the market and how
    intense is the competition?
  • What are the upcoming growth trends which the
    snack pellets manufacturers are focusing on in
    the future?
  • What are the high growth opportunities in the
    snack pellets market in each segment?
  • What are the key growth strategies adopted by
    major market players in the snack pellets market?
  • Speak to Analyst https//www.marketsandmarkets.co
    m/speaktoanalystNew.asp?id34540077 

6
Contact Us
Contact Mr. Shelly Singh MarketsandMarkets
INC.  630 Dundee Road  Suite 430  Northbrook, IL
60062  USA 1-888-600-6441  Email
sales_at_marketsandmarkets.com Blog _at_
https//mnmblog.org/market-research/agriculture Co
nnect with us on LinkedIn _at_ http//www.linkedin.co
m/company/marketsandmarkets
7
About MarketsandMarkets
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research on 30,000 high growth niche
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of global Fortune 1000 companies as clients.
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