The global snack pellets market is analysed in detail in the latest report from Market Research Future (MRFR). The major drivers and restraints operating on the global snack pellets market are profiled in the report to understand their importance for the market’s progress. The key players operating in the global snack pellets market are also profiled in the report to provide readers with a clear picture of the competitive dynamics of the market.
Snack pellets are processed but uncooked products that are made from a variety of cereals and shipped to snack manufacturers, who expand the snack pellets by baking or frying. The raw material for snacks is known as snack pellets and is produced by manufacturers working with cereal producers to produce various types and forms of pellets. The growing demand for fried and baked snack foods is likely to be the major driver for the global snack pellets market over the forecast period. The growing disposable income of consumers in urban regions and the growing demand for convenient food have driven the demand for snacks of various kinds, which has driven the global snack pellets market at a rapid growth rate. The growing demand for chips and other snacks in urban centers is likely to be the major driver for the global snack pellets market over the forecast period.
The demand for innovative flavors and forms of snacks is also likely to be a major driver for the global snack pellets market, as the consistency and texture of the final snack product is heavily dependent on the nature of the snack pellets. Rapid innovation in food processing and storage has resulted in the availability of a wide range of snack pellet forms. The increasing demand for various sources of snack pellets, such as potatoes and cereals, is also likely to be a major driver for the global snack pellets market over the forecast period.
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Leading players in the global Snack Pellets Market include
- Intersnack Group GmbH & Co. KG, Liven S.A.,
- Leng-d’Or S.A.U.,
- Quality Pellets A/S,
- Pellsnack-Products GmbH,
- Chhajed Foods Pvt. Ltd.,
- Balance Foods Inc.,
- Grupo Industrial Michel,
- Limagrain Cereales Ingredients
- Pasta Foods Ltd.
In March 2019, Pasta Foods, a global leader in snack pellet production, announced plans to stockpile raw material in view of the impending complications caused by the Brexit fiasco. Political upheavals such as Brexit could play a key role in deciding the competitive hierarchy in the European snack pellets market over the forecast period due to the significant impact on the transportation and storage procedures.
The global snack pellets market has been segmented on the basis of type, form, and region.
On the basis of type, the global snack pellets market has been segmented into potato-based, corn-based, rice-based, tapioca-based, and multigrain snack pellets. Potato-based snack pellets are the dominant segment in the global market at present due to the widespread popularity of potato-based snacks such as chips. However, the demand for rice-based, corn-based, and multigrain snack pellets is increasing in the global market due to the growing demand for healthier snacks and is likely to comprise a significant part of the global snack pellets market over the forecast period.
By form, the snack pellets market has been segmented into laminated, three-dimensional, die-face, gelatinized, and others. Laminated and three-dimensional snack pellets are the dominant categories within the global snack pellets market and are likely to dominate the global market over the forecast period.
The global Snack Pellet Market is dominated by Asia Pacific due to the massive volume of the demand for snacks in the rapidly developing region. The growing prosperity of consumers in China, India, and other emerging Asia Pacific countries is likely to drive the demand for a wide range of snack products in the coming years, leading to steady growth in the demand from the snack pellets market over the forecast period. North America is likely to grow at the highest rate over the forecast period due to the growing demand for healthy snacks and the increasing support for innovation in terms of the taste, texture, and appearance of snack products.
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