Snack Pellets Market - Global Industry Forecast to 2029

Report - ID620370 | 05 February, 2020 | Food and Beverage | 100 pages | Report Type (Global) | Publisher Name - RFM

By Type (Potato, Corn, Rice, Tapioca, Multigrain, Cereal Grains Other Than Rice or Corn, Legumes, Other), Form (Laminated, Tridimensional, Die-Cut, Gelatinized, Punched, Die-Distance), Flavour (Plain, Flavoured, Nutritional, Dry, Wet), Process (Frying, Hot Air Baking) Technique (Single-Screw Extruder, Twin-Screw Extruder), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Analysis:

Snack Pellets Market is expected to reach USD 3.70 billion by 2029 in the forecasted period of 2020-2029 with a substantial CAGR of 5.75%. Increasing demand for prepared and convenience products are driving the growth of the snack pellet market. However, the increasing concentration on facilities growth, marketing schemes and exchange of knowledge initiatives to increase awareness in order to improve the snack pellet consumption are also helped the growth of the snack pellet market in the forecasted period.

Top player technological advancement based on the introduction of new varieties and products encourages market growth of snack pellets in the forecast period. In addition, easy access to raw materials such as potato starch, cereal starch, wheat flour, etc. also increases market growth opportunities and attracts new industry players. However, prices of raw materials used to manufacture snack pellets are high in developing and non-developed countries, which may hinder the growth of the global snack pellet market.

Market Definition:

Snack pellets are a semi-finished expandable snack produced by extrusion. The sizes, designs, tastes and textures are accessible in many different ways. Expansion of hot air and cooking of hot oil is two of the most common ways in which snack pellets can be turned into finished ready to eat. The processing of hot air snack pellets is deemed healthily, because unnecessary oil and acrylic amide are avoided from being used, which are common causes of coronary problems and certain particular cancers.

Snack Pellets Market Scope and Market Size

Snack Pellets Market has been segmented on the basis of type, form, flavour, process, technique.

  • On the basis of type, the snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, cereal grains other than rice or corn, legumes, other. The multigrain segment is projected to grow rapidly during the forecast period for snack pellets market. Due to its high fiber content, the demand for multigrain snack pellets remains high. Multigrain snack pellets are small in fat content and have various health and flavor benefits over potato and maize snacks.

  • Based on form, snack pellets market is segmented into laminated, tridimensional, die-cut, gelatinized, punched, die-distance. The gelatinized segment is expected to largest market size in the forecasted period. gelatinized pellets can be processed using a specifically designed spinning high-speed cutting machine to chain, align and form the pellets in the desired shape.
  • Basis of flavour, the snack pellets market is segmented into plain, flavoured; nutritional.
  • Based on process the snack pellets market is segmented into frying, hot air baking
  • Basis of technique, the snack pellets market is segmented into single-screw extruder, twin-screw extruder. The single screw extruder segment should be the largest share on the market for snacks pellet market, and a single screw extruder utilizes a screw in its barrel to move and shape several ingredients by pressing the product mix to create a standardized shape through a moulded shape.

Country Level Analysis of Snack Pellets Market

On the basis of region, the snack pellets market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.

Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region.

During the forecast period, North America is expected to dominate the snack pellet market. Given the abundance of raw materials available and the presence of a strong food manufacturing industry, North America has the larger volume and value market share of snack pellets. Therefore, consumers prefer potato chips to a high amount. The largest proportion of potato snack pellets in the country was accounted for these reasons.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.

Key Developments in the Market

  • In January 2020, KP Snacks has announced the launch of premium nut mixing; the Tyrrells brand Hand Cooked crisps would broaden its range into the segment of crisps, nuts and treats to remember Tyrrells consistency and frill values, thus reacting to the need of the customer. Their new and delicious nut flavors will promote sustainable value growth and provide shoppers with something new and different.
  • In October 2019, Prataap Snacks Acquired Avadh Snacks from Gujarat in order to pay a fillip to their profits. The purchase of Avadh is already leading to synergies and will help break into the highly lucrative market of Gujarat. The acquisition helps us to deepen our presence at the key market in Gujarat. In this market, none of the national players could yet make a mark. Nevertheless, Avadh helps us throughout Gujarat and neighboring markets in distribution synergies,

Competitive Analysis and Snack Pellets Market Share Analysis:

Snack Pellets Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of snack pellets market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Snack pellets market competitive landscape provides details by competitors. Details included are company overview which includes Company focus, business segment, product categories, revenue generated, and global presence. Snack Ppellets market report also provides information on recent financials and R&D expenditures over the years from 2020 to 2029.

Key Market Competitors:

Few of the major competitors currently working in the snack pellets market are J.R. Short Snack Products, Michel Industrial Group, Pasta Foods, Quality Pellets, Akkel Group, Balance Foods LLC. , Chhajed Foods Pvt Ltd, LIMAGRAIN, Buro Pracht, Wabel, Liven, Le Caselle, and many others.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved
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