Snack Pellets Market Growth Report 2020-2025

1. Surge in demand for prepared food products drives the Global Snack Pellets Market Global Snack Pellets Market estimated to grow at a CAGR of about 5.5% by 2025 North America predicted to continue its strong hold in the Global Snack Pellets Market Market Overview Global snack pellets market is predicted to grow significantly with a CAGR of 5.5% and is expected to reach $3 billion by 2026 due to the rising consumption of food among working people. Snack pellets are a kind of products made using ingredients like potato, corn, rice, tapioca, and grains. These products are semi-finished and typically sold to snack manufacturers, who then process them using various methods, like frying and hot air baking, and adding various taste ingredients to make finished ready-to-eat snacks. Snack pellets market is growing extensively, mainly thanks to the good diversity of products in terms of shapes, textures, colours, and flavours. Snack processors across the world demand pellets due to their long time period and high-density features, simplified storage, and convenient and cost-effective transportation. Inclination towards new and diverse taste, busy working schedules, rising per capita income, and adoption of worldwide trends are a number of the main factors leading the expansion of the market. Recent developments: Limagrain Crales Ingredients agreed to accumulate all the shares of Netherlands– based Unicorn Grain Specialties. This acquisition is predicted to intensify Limagrain's presence in northern Europe, within the cereal and pulses market. Market Drivers and Restraints: Snack pellets market growth is driven by increasing demand for prepared and food products. Additionally, the growing speciality in facility expansion, marketing schemes, and knowledge exchange programs for creating awareness to

2. reinforce the consumption of snack pellets. The increasing demand for able to eat snacks thanks to a busier lifestyle among the consumers including improved taste, ingredients, flavor are the factors leading the expansion of the worldwide snack pellets market. Properties of snack pellets like long shelf life, high-density features, etc., also simplify storage processes further boosting the demand for the snack pellets. However, higher prices of the staple want to manufacture the snack pellets and health problems related to the over-consumption of processed potato snacks may hamper the expansion of the global snack pellets market. On the opposite hand, increasing popularity in developing countries may be a key opportunity for the main players within the global snack pellets market during the outlook period. To know more read: https://www.marketdataforecast.com/market-reports/snack-pellets-market Report is segmented as: Depending on the Type, the snack pellets market is segmented into potato, corn, rice, multigrain, Tapioca and others. On the basis of form, the snack pellets market is segmented into laminated, tridimensional, die-face, and gelatinized. On the basis of technique, the snack pellets market is categorised into single- screw extruder and twin-screw extruder. Geographical Segmentation: The global snack pellets market is expected to grow moderately over the forecast period. Europe has contributed the leading share to the worldwide snack pellets market thanks to the rapidly growing demand for snack pellets because the substitute for the processed food. Asia Pacific region has also contributed many shares to the worldwide market thanks to increasing trend and demand for the snack pellets from countries like India and China. North America is additionally growing at an honest growth and supposed to register the healthy CAGR over the foreseen period. Latin America and MEA regions are at an early stage and predicted at a slow growth over the next few years. Impact of COVID-19 on Snack Pellets Market

3. Snack pellets are perceived as a food before the coronavirus pandemic and as a meal replacement for time-pressed individuals. With the onset of the COVID-19, consumers increasingly gravitated towards convenience snacks. Having said that, as nationwide lockdowns keep it up extending further, consumer preferences toward snack pellets have evolved. Consumers, at present, are getting increasingly conscious about their diet and turning to healthy snacking. The COVID-19 crisis has highlighted the importance of nutrition, especially for the system, as such, consumers are getting more conscious of the type of food products they're consuming. The concept of healthy snacking has stepped up from avoiding nutrients including, fats, carbohydrates, or sugars, to demand for nutritionally balanced food products. Also, there is a marked rise in home baking and cooking amidst the public-health crisis. Key market players: Some of the key players of the global snack pellets market are Akkel Group, Dalmaza Food Industries Company, Intersnack Group GmbH & Co. KG, Pasta Foods Ltd., Leng-dOr S.A., Grupo Industrial Michel, J.R. Short Milling Company, LIVEN S.A., Classic Foods Inc., Limagrain Cereales Ingredients, Quality Pellets A/S and Balance Foods, Inc. View sample and decide: https://www.marketdataforecast.com/market-reports/snack-pellets- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

4. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Contact Us: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/