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Global Snacks Pellets Market will reach USD 7.75 Billion by 2022: Zion Market Research

According to the report, global snacks pellets market was valued at around USD 5.50 billion in 2016 and is expected to generate revenue of around USD 7.75 billion by end of 2022, growing at a CAGR of around 6.00% between 2017 and 2022.

/EIN News/ -- Sarasota, FL, Jan. 26, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Mixed Grains, and Others) by Form (Laminated, Die-face, Tridimensional, Gelatinized and Others.) and by Equipment (Single Screw and Twin Screw Extruders): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, global snacks pellets market was valued at around USD 5.50 billion in 2016 and is expected to generate revenue of around USD 7.75 billion by end of 2022, growing at a CAGR of around 6.00% between 2017 and 2022. 

Snack pellets are convenient and easy to cook snack which is readily available. Snack pellets are increasing preferred as they are considered to be healthy in comparison to other snacks. Snacks pellets can be converted into ready form by either hot air expansion or by hot oil frying. Hot air expansion is considered to be healthy as a use of excessive oil is avoided which results in avoidance in the formation of acrylamide that is considered as a common cause for some specific cancers and heart diseases.

Browse through 46 Market Tables and 23 Figures spread through 110 Pages and in-depth TOC on “Global Snack Pellets Market: By Type, Form, Equipment, Size, Share, Trends, Growth, Analysis, Segment and Forecast 2016 – 2022”.

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Global snacks pellet market is primarily driven by growing investment in R&D by major manufacturers for the development of novel products. Other major driving factors for the growth of snacks pellets market are the easier availability of raw material coupled along with growing demand for healthier snack food. However, an increase in a number of market players has resulted in a price war which is a major restraint that may curb the growth of the market. Nonetheless, technological advancements and emerging markets across the globe are likely to disclose the new avenues for snacks pellet market in the near future.

The snacks pellets market is segmented on the basis of the different type including potato, corn, rice, tapioca, mixed grains, and others (cereals, legumes, etc.). In 2016, pellets segment was the largest segment in snacks pellets market and accounted for the largest share of the total market. Potato-based snack pellets segment is expected to continue its dominance, whereas corn-based snack pellets segment is expected to be the second largest segment over the forecast period.

Browse the full "Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Mixed Grains, and Others) by Form (Laminated, Dying Faced, Tridimensional, Gelatinized and Others) and by Equipment (Single Screw and Twin Screw Extruders): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/snack-pellets-market

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 represents developed regional markets for snack pellets and expected to see the stable growth through the next few years. Europe holds more than 30% share of global snack pellets market. Increasing demand for savory foods coupled along with thriving snacks is driving snack pellets industry in this region.  Moreover, increasing demand for healthier snack options is expected further boost the demand for snack pellets market in Europe.

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North America was the second largest market for snack pellets in 2016 and is expected to maintain its position in the forecast period. The increase in the import of snack pellets from Asia in this region is expected to drive snack pellets market. Asia Pacific is another leading regional market and is expected to be the fastest regional segment for the snack pellets market within the forecast period. In Asia, low manufacturing cost and heavy export too many European countries are boosting the demand for snack pellets. Increasing consumption of ready to eat snacks is also driving the snack pellets market in this region.

As a result of increasing demand in Brazil, Latin America regional market is expected to grow at a considerable growth rate. Middle East & Africa is expected to grow at a moderate growth rate during the forecast period.

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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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This report segments the global snack pellets market as follows:

Global Snack Pellets Market: Type Segment Analysis

  • Potato
  • Corn
  • Rice
  • Tapioca
  • Mixed Grains
  • Others

Global Snack Pellets Market: Form Segment Analysis

  • Laminated
  • Die-face
  • Tridimensional
  • Gelatinized
  • Others

Global Snack Pellets Market: Equipment Segment Analysis

  • Single Screw
  • Twin Screw Extruders

Global Snack Pellets Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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