The snack pellets market is growing in accordance with the advancement of the processed food industry. Transforming lifestyles in the urban households of consumers result in increasing dependence on processed food products. Busier lifestyles also induce the need for ready-to-eat snack foods such as snack pellets. Availability of snacks pellets in a variety of shapes, colors, and flavors also attracts consumer of lower age groups, creating a separate consumer segment.
The snack pellets market is segmented on the basis of key type, form, equipment, and region. The snack pellets industry is restrained by seasonal variations in the supply of raw materials. The demand for specialty snack pellets with reduced salt and fat content is rising as a result of increasing consumer awareness about health issues.
The market for snack pellets is projected to grow at a CAGR of 6.0% to exceed USD 7 Billion by 2020, owing to the flourishing snack food sector across the globe and the rising demands for healthy and light snack food for on-the-go consumption. The global snack pellet market in 2014 was dominated by potato-based snack pellets.
Small-scale players also adopted this strategy to expand their businesses globally by investing in the establishment of manufacturing facilities and purchasing new and improved extrusion equipment. This organic growth strategy serves an important proposition for smaller companies, enabling them to improve their technical expertise through intensive R&D infrastructure offered by key players.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Snack Pellets Market, By Type
8 Snack Pellets Market, By Form
9 Snack Pellets Market, By Equipment
10 Snack Pellets Market, By Region
11 Competitive Landscape
12 Company Profiles
- Balance Foods, Inc.
- Dalmaza Food Industries Co.
- Grupo Industrial Michel
- Intersnack Group Gmbh & Co. Kg
- J.R. Short Milling Company
- Leng-D'or S.A.
- Limagrain Cereales Ingredients
- Liven S.A.
- Pasta Foods Ltd.
Quality Pellets A/S
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