Global snacks pellets market will reach USD 7.75 billion by end of 2022 and grow at a CAGR of around 6.00% between 2017 and 2022.
The snack pellets market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2016 along with a forecast from 2017 to 2022 based on revenue (USD Billion) and volume (Kilo Tons). The study comprises drivers, restraints and opportunities for the snack pellets market along with the impact on the demand over the forecast period.
The report provides the complete view of the snack pellets market and encompasses detailed type portfolio and strategic developments of key vendors. To know the competitive landscape of the snack pellets market, an analysis of Porter’s five forces model is done. The study cover market attractiveness analysis, in which type segments, are specialized based on the market size, growth rate, and attractiveness.
The report provides a crucial view on the snack pellets market by segmenting the market-based type, form, equipment, and region. Based on type the snack pellets market is segmented as potato, corn, rice, tapioca, mixed grains, and other snack pellets. Various forms of snack pellets include laminated, dying faced, tridimensional, gelatinized and others.Based on equipment snack pellets market is segmented into a single screw and twin screw extruders.All the segments have been analyzed based on existing and future trends and the market is projected from 2016 to 2022.The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
The report present comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include Limagrain Cereal Ingredients, Balance Foods Inc., Liven S.A., Grupo International Michel, J.R. Short Milling Company, pelletsmarketIntersnack Group Gmbh& Co, Pasta Foods Ltd., Dalmatia Food Industries Co, Quality pallet, Leng-Dor S.A.
This report segment pellets market as follows:
Global Snack Pellets Market: Type Segment Analysis
GlobalSnack Pellets Market: Form Segment Analysis
GlobalSnack Pellets Market: Equipment Segment Analysis
Global Snack PelletsMarket: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Snack Pellets market. Zion Research has collected and analyzed key data belong to the global Snack Pellets market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Snack Pellets across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Snack Pellets industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Snack Pellets market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Snack pellets are intermediate ready to eat snack made with raw materials that include corn, wheat, rice, tapioca or potatoes and other vegetables. Pellets become ready-to-eat snacks once they have been expanded. Snack pellets can also incorporate aromas and colors in their recipes. Food makers can thus cater to new consumer trends, including the use of vegetables and multi-grains for flavor enhancement in healthy snacks. Hot air expansion and hot oil frying are two of the most commonly used methods for the conversion of snack pellets into finished ready-to-eat form. Snacks pellets are increasingly considered as healthy, as a translation of snack pellets using hot air is considered to be healthy, as the use of excessive oil is avoided which results in avoidance in the formation of acryl amide that is considered as a common cause for some specific cancers and heart diseases.
Heavy investment in R&D for development of novel products is expected to be the major driver for the global snack pellets market. In addition, growing demand for healthier snack food coupled along with the easier availability of raw material is expected to trigger the growth of snack pellets market in the coming years. Moreover, long shelf life of products and ease of transport is expected to play a vital role in the growth of snack pellets market. However, the increase in a number of market players has resulted in the price war which may pose the challenge to snack pellets market. Quality approval is also one of the major restraint as many small players exist into this market. Nevertheless, technological advancements and emerging markets across the globe are expected to act an opportunity for snack pellets market in near future.
Based on the type, snack pellets market has been segmented into the potato, corn, rice, tapioca, mixed grains, and others (cereals, legumes, etc.). Snack pellets market was dominated by potato based snack pellets segment which accounted for the largest revenue share across the globe in the year 2016. Corn-based snack pellets were the second largest segment in the year 2016. The snack pellets market is segmented based on the form into laminated, Die-face, tridimensional, gelatinized and others. Based on the type of equipment used the snack pellets market can be further segmented into the single screw and twin screw extruders.
Europe is expected to remain the dominant region over the forecast period. Increasing demand for savory foods in this region offers good growth opportunities for snacks pellets in this region. Moreover, the increasing demand for thriving snacks is boosting the market in this region. North America was a second largest market for snacks pellets in 2016. Asia-Pacific is projected to be the fastest-growing region for snacks pellets market during the forecast period. Asia Pacific market is expected to achieve noticeable growth as a result of cheaper manufacturing facilities and increasing export from Asia to European countries. As a result of increasing demand in Brazil, Latin America market is also expected to experience significant growth in the years to come. The Middle East and Africa is projected to have a decent growth in the forecast period.
Some of the key players in snacks pellets market are Limagrain Cereal Ingredients, Balance Foods Inc., Liven S.A., Grupo International Michel, J.R. Short Milling Company, Intersnack Group Gmbh & Co, Pasta Foods Ltd., Dalmatia Food Industries Co, Quality pallet, Leng-Dor S.A. among others. Due to the presence of several manufacturers in snack pellets market, there has been intense competition among the players to sustain in the market. Product innovation is the key strategy practiced by the majority of the players to maintain their sales.
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