ACCESS Newswire
11 Aug 2020, 16:01 GMT+10
Snack pellet manufacturers have been pushing to expand production facilities in Asia Pacific countries, to leverage low costs of labor and raw materials in the region.
DUBAI, UAE / ACCESSWIRE / August 11, 2020 / Future Market Insights: The snack pellets market is projected to display notable growth between 2020 and 2030. The coronavirus pandemic is anticipated to generate lucrative opportunities for snack pellet manufacturers, as consumers are increasingly seeking nutritious convenience food options during the crisis period. Organic and immune-boosting ingredients in particular are gaining major traction. This growth is likely to continue well after the contagion is brought under control.
'Globalization is a key factor that is bolstering the demand for snack pellets in years to come. This trend will aid market players in collaborative efforts towards product improvement, with new ingredients and recipes to meet frequently changing consumer demands.,' says the FMI study.
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Snack Pellets Market - Important Takeaways
Snack pellets Market - Driving Factors
Snack pellets Market - Leading Constraints
Expected Impact on Market by Coronavirus Outbreak
The coronavirus pandemic will have minimal impact on the snack pellets market. The crisis has generated higher demand for processed and packaged foods, owing to convenience and shelf life factors. Manufacturers in the industry are focusing on optimizing distribution channels to keep up inventories at retail outlets. Also, agricultural produce used for snacks are being delivered by suppliers to ensure operations of supply chains in the months ahead.
Explore data on the snack pellets market with 104 figures, 96 tables and the ToC. You will also find market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-11220
Competition Landscape
Some of the key players participating in the snack pellets market are Mafin SpA, Noble Agro Food Products Ltd., Bach Snacks s.a.l., Limagrains Cereales Ingredients, Van Marcke Foods, J.R. Short Milling, Leng d'Or S.A., Pasta Foods Ltd., Grupo Michel, and Liven S.A.
Major players in the snack pellet market are pushing for expansion of production capacities, either through strategic acquisitions, or the expansion of existing facilities.
For instance, UK-based KP Snacks is constructing a new snack pellet production facility at the company's factory in Billingham. Similarly, Intersnack Group has acquired five snack pellet frying systems for Kiremko B.V. for factories located around Europe. Bunge Ltd. has announced the acquisition of Heartland Harvest Inc. to expand portfolio of die cut snack pellet products.
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More on the Report
FMI's provides in-depth insights on the snack pellets market. The market is segmented in terms of type (potato-based, rice-based, corn-based, multi-grain, tapioca-based, and others), and form (laminated, three-dimensional, die-face, gelatinized, and others), across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).
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About FMI
FMI is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Report: https://www.futuremarketinsights.com/reports/snack-pellets-market
Press Release Source: https://www.futuremarketinsights.com/press-release/snack-pellets-market
SOURCE: Future Market Insights
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