Food and Beverage Industry, Business Development/Strategy
Snacking Industry Growth Pathway Analysis
Preview/Excerpt
SnackCo aimed to evaluate overseas expansion opportunities for its puffed snack inputs by analyzing the industrial demand for raw snack materials across twelve countries. SprintlyWorks conducted detailed market sizing, value proposition benchmarking, and trend analysis to inform country prioritization and channel strategy.
Outcomes
5B+
total addressable market (TAM) identified for focus product line in 12 countries
35%+
of growth potential in snack segments unveiled
Problem Summary
SnackCo is aiming to expand its B2B puffed snack ingredient business beyond Europe, while leveraging its newly acquired expertise in snack pellet production by entering non-European markets. With limited knowledge of industrial demand, competition, and product fit across unfamiliar geographies, the company needed a structured analysis of market size, category trends, and competitor offerings to define a clear entry strategy for high-potential regions.
Situation
SnackCo had recently acquired a European snack manufacturer and uncovered a promising but underleveraged opportunity, which was supplying raw puffed snack inputs to industrial players. While the company had strong market intelligence within its home region, it lacked visibility into international demand patterns, category growth, and competitive landscapes. SnackCo required a detailed assessment of where meaningful industrial demand exists, what competitors are offering, and how ingredient innovation is evolving, particularly in markets beyond its traditional stronghold to develop a roadmap outlining potential markets and financial targets leading up to 2030.
Key Research Question
The key question driving the project was:
- What is the market opportunity size for raw Pellets in the industrial market in the key geographies?
- What is the value proposition offered by SnackCo to its industrial customers vs. the local competitors?
- What is the trend of ingredient-innovation in the savory snacking category for the industrial customers? Is there growth of alternative ingredients in puffed snacks category?
Our Approach
SprintlyWorks implemented a three-phase approach to assess international opportunities for SnackCo’s puffed snack input business, focusing on market sizing, competitive benchmarking, and strategic prioritization.
Phase 1: Define Scope and Build Sizing Model
We segmented the snack market into relevant subcategories and identified over 30 addressable brands across twelve countries. For each, we modeled industrial pellet demand using both bottom-up (brand-level volumes, conversion ratios, and adoption rates) and top-down (category revenues, growth rates, and market penetration) techniques. Critical assumptions, such as pellet usage per snack type and average selling prices, were validated using Euromonitor data and client inputs.
Phase 2: Analyze Competitors and Innovation Trends
In parallel, we mapped key competitors in each market, assessing their product portfolios, positioning, and distribution models. We benchmarked their value propositions against SnackCo’s to surface opportunities for differentiation. This was complemented by a trend radar tracking ingredient innovation, including health-oriented reformulations, local flavor profiles, and emerging alternative bases. These trends helped gauge not only current demand but also its likely evolution.
Phase 3: Prioritize Markets and Recommend Entry Strategy
Each market was scored across two dimensions: overall attractiveness and SnackCo’s ability to compete. This yielded a practical country prioritization framework, highlighting immediate entry candidates versus long-term bets. Final deliverables included market size forecasts, competitor matrices, and a strategic roadmap that aligns SnackCo’s internal capabilities with external market potential.
By combining data-driven modeling with commercial insights, we enabled SnackCo to make confident, prioritized decisions about where and how to scale its industrial snack ingredient business globally.
Results
The project enabled SnackCo to quantify €500M+ in cumulative raw pellet opportunities across twelve international markets. Country-specific TAMs, ranging from €5M to €150M, helped the client focus on high-growth, high-accessibility regions. Through competitive benchmarking, SnackCo identified gaps in local offerings and refined its industrial value proposition. The final prioritization framework segmented countries into short-, mid-, and long-term targets, supporting phased commercial rollout. Equipped with quantified demand, adoption scenarios, and trend insights, SnackCo now has a clear, data-backed roadmap to guide global B2B expansion.

“Turned scattered ideas into a focused, market-ready plan.”
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