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Snack Pellets Market by Type, Technique, Region - 2023

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.

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Snack Pellets Market by Type, Technique, Region - 2023

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  1. MarketsandMarkets™ Presents Snack Pellets Market - Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/snack-pellets-market-34540077.html

  2. The report "Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Multigrain), Form (Laminated, Tridimensional, Die-face, Gelatinized), Technique (Twin-screw extruder, Single-screw extruder), Flavor (Plain, Flavored, Nutritional), and Region – Global Forecast to 2023"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, growing at a CAGR of 5.3% from 2018.  The snack pellets market is highly impacted by innovations, as manufacturers are always introducing new ingredients, new variants, and processing techniques to meet the increasing demand and cater to changing consumer demands. The rise in on-the-go consumption has encouraged the savory snack manufacturing industry to produce new products that could meet these rising demands from the working-class consumers. 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 have contributed to the growth of the market.     Browse 109 market data Tables and 38 Figures spread through 149 Pages and in-depth TOC on "Snack Pellets Market – Global Forecast to 2023“ North America is estimated to dominate the snack pellets market in 2018. North America is estimated to account for the largest market share for snack pellets in 2018. Because of the abundant availability of raw materials and the presence of a strong food processing industry, North America holds the largest share of the snack pellets market, in terms of both volume and value. Additionally, snacks made from potatoes are highly preferred by consumers. These factors are responsible for the largest share of potato-based snack pellets in the region. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=34540077

  3. Report Objectives: • To define, segment, and project the global market size for snack pellets products • To understand the structure of the snack pellets market by identifying its various subsegments • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) • To analyze the micromarkets; with respect to individual growth trends, future prospects, and their contribution to the total market • To project the size of the market and its submarkets, in terms of value, with respect to the four regions (along with their respective key countries) • To profile the key players and comprehensively analyze their core competencies • To understand the competitive landscape and identify the major growth strategies adopted by players across key regions • The key players identified in this market include LimagrainCéréalesIngrédients (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.  • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=34540077

  4. 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. Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=34540077

  5. 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. • Recent Developments: • LimagrainCéréalesIngrédients 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? • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=34540077

  6. Contact Us Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.comBlog @ https://mnmblog.org/market-research/agriculture Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

  7. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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