DUBLIN, Nov. 19, 2018 /PRNewswire/ --
The "Snack Pellets Market by Type, Form, Technique, Flavor, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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. A single-screw extruder uses one screw in the barrel of the extruder to transport and shape multiple ingredients by forcing the ingredient mix through a shaped die to produce a uniform shape.
Europe is projected to account for the largest market size during the forecast period.
The market is also segmented, on the basis of region, into North America, Europe, Asia Pacific, South America, Africa, and the Middle East. Europe is projected to dominate the snack pellets market throughout the forecast period. Due to the abundant availability of raw materials and the presence of a strong food processing industry, Europe holds the largest share of the snack pellets market, in terms of both volume and value. Additionally, snacks made from potato are highly preferred by consumers. These factors are responsible for the largest share of potato-based snack pellets in the region.
The key players identified in this market include Limagrain Crales Ingrdients (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.
Limagrain Crales Ingrdients entered into an agreement to acquire 100% shares of Unicorn Grain Specialties (the Netherlands). This agreement would strengthen Limagrain's 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?
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the Snack Pellets Market
4.2 Europe: Snack Pellets Market, By Type & Country
4.3 Snack Pellets Market, By Technique, 2018 vs. 2023
4.4 Snack Pellets Market, By Flavor
4.5 Snack Pellets Market, By Region
5 Market Overview
5.2 Market Dynamics
22.214.171.124 Rise in Demand for Prepared and Convenience Foods
126.96.36.199 Increase in Innovation in Food Extrusion Processes
188.8.131.52 Expansion of Retail Landscape in Developing Countries
184.108.40.206 High Acrylamide Content in Snack Foods
220.127.116.11 Health Problems Associated With the Higher Consumption of Processed Potato Snacks
18.104.22.168 Emerging Opportunities in the Extruded Snack Industry
22.214.171.124 Government Initiatives and Investments to Expand the Processed and Extruded Food
126.96.36.199 Lack of Transport Infrastructure Support in Emerging Markets
188.8.131.52 Operational Complexity During Food Processing
6 Snack Pellets Market, By Type
6.2.1 Increasing Health Awareness Among Consumers is Creating A Demand for Low-Fat Potato-Based Snack Products as the Potato Starch Helps For End-Product
6.3.1 With the Increasing Consciousness Toward Eating Healthy Snacks Supported With A Variety in Flavors, Consumers are Widely Adopting Snack Future
6.4.1 Advancements in Technologies Have Resulted in the Development of Improved Rice Varieties and Reduced Time for Production of Rice Countries
6.5.1 Benefits Such as Low Gelatinization Temperatures and Well-Expanded Density Intact Will Boost the Demand for Tapioca-Based Snack Pellets
6.6.1 Growing Demand for Multigrain Snack Pellets has Increased Among the Young Population as they Consist of High Fiber & Low-Fat on Taste
7 Snack Pellets Market, By Form
7.2.1 Laminated Form is Widely Consumed as It has Precise Control Over Sheet Thickness During the Processing of Cylindrical and Traditional Form
7.3.1 Demand for the Tridimensional Form of Snack Pellets is Expected to Be High During the Forecast Period as they are More Popular Optimum Product
7.4.1 Die-Face Snack Pellets are Subsequently Dried to Moisture Levels That Permit Optimum Expansion During Frying Or Toasting, Which Produces
7.5.1 Gelatinized Form Dominated the Snack Pellets Market During the Forecast Period
8 Snack Pellets Market, By Flavor
8.2.1 Plain Snack Pellets are Widely Preferred as Popular Flavored Snacks as they Satisfy Cravings for Savory Snack Products
8.3.1 Innovative and Unexpected New Textured and Flavored Variety in Snack Pellets are Responsible for the Larger Young Consumer Base
8.4.1 Convenient and Healthy Snacking Option is One of the Key Drivers for the Rising Demand for Nutritional Snack Pellets During the Forecast Period
9 Snack Pellets Market, By Technique
9.2 Single-Screw Extruder
9.2.1 Europe is the Largest Market for Single-Screw Extruders as they are Easy to Operate and Maintain
9.3 Twin-Screw Extruder
9.3.1 Demand for Twin-Screw Extruders is Increasing as they Provide Higher Flexibility Along With the Capability to Process A Wide Range of Raw Materials
10 Snack Pellets Market, By Region
10.2 North America
10.2.1.1 High Awareness Related to the Efficient Use of Single-Screw Extrusion Technique Drives the Market in the Us
10.2.2.1 High Demand for Nutritional Snack Foods Such as Corn-Based and Multigrain-Based Snack Pellets is the Major Growth Factor for the
10.2.3.1 Increase in the Commercialization of the Food Processing Industry is the Main Driver for the Snack Pellets Market in Mexico
10.3.1.1 High Availability of Raw Materials Such as Grains and Cereal is Driving the Market in Germany
10.3.2.1 Presence of Major Players in the Region is A Key Driver for Snack Pellets in the UK
10.3.3.1 Snack Pellets Market in Italy is A High-Growth-Potential One as Foodservice Represents A Great Channel for Companies to Promote their Brands in the Country
10.3.4.1 Developments in Food Processing Technology, Marketing Innovations, and Export of Finished Snack Foods Have Contributed to Snack Pellets
10.3.5.1 Increase in Disposable Income and Demand for Rte Products is Fuelling the Snack Pellets Market in Poland
10.3.6.1 Healthy Snacking has Influenced Manufacturers to Produce Snack Pellets Based on Vegetable Flour
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1.1 Development of Cold Chain Infrastructure has Helped in the Growth of India's Food Processing and Agribusiness Snack Pellets
10.4.2.1 Corn-Based Snack Pellets are Estimated to Form the Second-Largest Market for Snack Pellets in the Country
10.4.3.1 Changing Consumer Preferences, as A Result of Growth in the Economy, are Driving the Market for Snack Pellets in China
10.4.4.1 Multinational Companies, in Alliance With Local Players, Have Developed New Varieties of Snack Pellets, Enriched With Flavors Consumers
10.4.5 Rest of Asia Pacific
10.5.1 South Africa
10.5.1.1 Growing Trend of Working Women and Busy Work Schedules Have Further Driven the Demand for Convenience Products Such for Healthy Country
10.5.2 Rest of Africa
10.6 Middle East
10.6.1 Demand for Snack Pellets is Estimated to Grow With the Development of the Market and Penetration of Large Manufacturers
11 Competitive Landscape
11.2 Competitive Scenario
11.3 Market Ranking
12 Company Profiles
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