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Global Snack Pellets Market - Growth, Trends and Forecasts (2020 - 2025)

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The global snack pellets market is expected to grow at a CAGR of 5.8% over the forecast period 2018-2023. This market was valued at USD 5030 million in 2014. Europe dominates the global market with more than one-third of the market share.

Global Snack Pellets Market Dynamics

The increasing demand for convenience foods, rise in health consciousness among people, the demand of food products with low energy, saturated fats and salt and minimal investment requirements, drive the snack pellets market. Availability of substitute products and the rise in prices of raw materials in under-developed regions are the restraints to this market. The mounting demand from the European Union provides opportunities for vendors to be innovative in their products.

Global Snack Pellets Market Segmentation

The market has been segmented on the basis of product type into potato, corn, rice, tapioca, multi-grain and others. The potato snack pellets segment dominates the global market. On the basis of form, the market is segmented into laminated, tridimensional, die-face and gelatinized. The market is further segmented on the basis of the distribution channel where supermarkets/hypermarkets dominate the global scenario.

The European Union dominates the global snack pellets market with the largest share due to an increasing demand for savory snacks in the region. Most of the companies have expanded their manufacturing facilities to the Asia-Pacific region. The global market is impacted by the extensive production and export of snack pellet products from the Asia-Pacific region, especially, China and Japan to the developed economies in North America and Europe. The market is expected to grow rapidly in the Asia-Pacific due to a rise in disposable incomes and urbanization.

Key Developments

2015- Bunge North America has purchased the assets of Heartland Harvest Inc. which was a producer of die cut pellets used to make extruded foods. Heartland Harvest produces die cut pellets made of a variety of starches which are then expanded through popping, baking or frying to create extruded food products.

Competitive Landscape

The global snack pellets market is highly competitive. The vendors compete for innovation, pricing, and distribution. A lot of money is being invested by companies in R&D to improve their products so as to satisfy the customer's demand.

The major players in global snack pellets market includes Intersnack Group GmBH & Co. KG, J.R. Short Milling Company, Quality Pellets A/S, Balance Foods Inc., Dalmaza Food Industries Co. and Grupo Industrial Michel amongst others.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
  •  3 months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

  • Value chain analysis
  • Consumer behavior analysis in country level

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