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.
The
report offers a thorough analysis of the regions with regards to production and
consumption patterns, supply and demand dynamics, import/export, technological
and product advancements, current and emerging trends, consumer demands,
consumer behavior shifts, and presence of key market players in each region.
The report also covers a comprehensive country-wise analysis to impart better
understanding of the scope and growth of the market.
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Key Players:
Intersnack Group GmbH
and Co. KG, J.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, Chhajed
Foods Pvt. Ltd., Pellsnack-Products GmbH, Noble Agro Foods
Further
key findings from the report suggest-
- The multigrain category under the
type segmentation is the most prominent within the market. The segment is
growing because of rising consumer focus on healthy snacking and low-fat
content in snacks.
- By form, the gelatinized segment
held the largest market share in 2018. It is expected to dominate the
market because of its benefits over other forms of pellets, such as a
uniform thickness.
- The die-face segment is expected to
record the fastest growth during the period of forecast. The reason behind
the fast-paced growth is the scope of diversity and creativity in offering
new shapes and textures to snacks.
- By technique, the single-screw
extruder segment is expected to register the largest share in this market.
Single screw extruders enable production of complex extruded snack food
products, that are witnessing a high demand.
- The twin-screw extruder segment is
expected to register a modest rate of growth due to increasing
applicability and enhanced technical ability to produce different shapes
of snack pellets.
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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
Flavour (Revenue, USD
Million; 2016–2026)
- Plain
- Flavored
- Nutritional
Technique (Revenue, USD
Million; 2016–2026)
- Single-Screw Extruder
- Twin-Screw Extruder
Regional Outlook
(Revenue in USD Million; 2016–2026)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
- Brazil
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Key questions answered:
·
Which
of these regions – North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa, dominates market share?
·
What
is the outcome of the COVID-19 Impact Analysis performed in the report?
·
What
are the revenue estimations for every region in the Snack Pellets market?
·
What
is the current market valuation of each region and the estimated market size by
the end of the forecast period?
·
What
is the projected growth rate of the global Snack Pellets market?
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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