Industry Background:
Snack pellets are the semi-finished food products that are either cooked by hot air expansion or by frying. Nowadays, these snack pellets are preferred by many customers owing to its longer shelf life, stability, as well as bulk density. These products are appropriate to store compared to other ready to eat substitutes. Snack Pellet market is extremely competitive with the presence of large as well as small scale industries. The manufacturers in the market are offering a clean label to their products by offering pellets with similar texture & expansion so as meeting consumer need for healthy & safe snacking options.Rising innovation in food extrusion processes and growing demand for prepared & convenience foods are likely to drive the growth of the global snack pellets market over the coming years.
According to AMA Research, the market for Snack Pellets is expected to register a CAGR of 4.1% during the forecast period to 2030. This growth is primarily driven by Rising innovation in food extrusion processes
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Billion) |
Dominating Type | Potato |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Limagrain Céréales Ingrédients (France), Liven S.A. (Spain), Grupo Michel (Mexico), Leng d'Or S.A. (Spain), Pellsnack-Products GmbH (Germany), J. R. Short Milling (United States), Pasta Foods Ltd (United Kingdom), Noble Agro Food Products Ltd (India), Bach Snacks s.a.l. (Lebanon) and Clextral (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2023, Highlander Partners announced the merger with Palmex. This strategic move positions the combined entity as a leader in the North American salty snack industry.
In October 2023, Paulig also launched a new pellet snacks line producing a wide range of 3D snacks, featuring various shapes, ingredients, and textures. All snack pellets produced on the new line are gluten-free.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Influencing Trend:
Growing Health Awareness Among Consumers Boosting Demand for Low-Fat Snack Products
Market Growth Drivers:
Rising innovation in food extrusion processes, Growing demand for prepared & convenience foods and Development of retail landscape in developing nations
Challenges:
Operational complications during food processing
Restraints:
High Acrylamide content in snack foods and Health difficulties related with the higher consumption of processed potato snacks
Opportunities:
Emerging opportunities in the extruded snack industry and Government initiatives & investments to develop the processed and extruded food
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Snack Pellets Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Snack Pellets Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Snack Pellets players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Snack Pellets Study Sheds Light on
The Snack Pellets Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Snack Pellets industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Snack Pellets industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.