Dublin, Nov. 19, 2018 (GLOBE NEWSWIRE) -- The "Snack Pellets Market by Type, Form, Technique, Flavor, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The snack pellets market is estimated to account for about USD 2.0 billion in 2018 and is projected to grow at a CAGR of 5.3%, to reach about USD 2.5 billion by 2023.

Hectic lifestyles of people and the need for on-the-go consumption have encouraged the savory snack manufacturing industry to produce new products that could meet these rising demands from the working-class consumers. In addition to this, the growing focus on facility expansion, marketing schemes, and information exchange programs for creating awareness to enhance the consumption of snack pellets have contributed to the growth of the market.

Consumer preferences in emerging economies such as China, India, Brazil, and the Middle East have gradually transitioned from traditional home-made breakfasts and snacking meals to ready-to-eat products over the last couple of decades. However, high acrylamide content in snack foods is projected to inhibit the market growth during the forecast period.

The potato segment is estimated to account for the largest share in the market in 2018.

On the basis of type, the snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. The potato segment is estimated to account for the largest share in 2018. Potato starch is the most widely used ingredient in the production of snack pellets. This is due to the increasing demand for potato starch, as it contains longer starch chains in the amylopectin molecules, which enhances the quality of pellets. It also offers high bulk density, various flavors, and choices for consumers of all age groups.

The die-face segment in the snack pellets market is projected to record the fastest growth through 2023.

Based on form, the die-face segment recorded the fastest growth in the snack pellets market. Die-face technology offers shapes that require minute cuts & edges. This enables manufacturers to produce shapes of animals and cartoon characters, attracting another class of consumers comprising children. The market for these forms of products is growing fast, mainly due to the diversity of products in terms of shapes, textures, colors, and flavors.

The snack pellets market is projected to witness a high growth in Asia Pacific during the forecast period.

The snack pellets market in Asia Pacific is projected to witness the fastest growth during the forecast period, due to the rising awareness about snack pellets and technological advancements in the food & beverage industry. Availability of machinery for the production of high-quality products at economical prices in this region has created profitable growth opportunities for the snack pellets market.

Leading players profiled in this report:

• Limagrain Crales Ingrdients (France)
• Liven S.A. (Spain)
• Grupo Michel (Mexico)
• Leng d'Or S.A. (Spain)
• Pellsnack-Products GmbH (Germany)
• J. R. Short Milling (US)
• Pasta Foods Ltd (UK)
• Noble Agro Food Products Ltd (India)
• Bach Snacks s.a.l. (Lebanon)
• Mafin Spa (Italy)
• Le Caselle S.p.A. (Italy)
• Van Marcke Foods (the Netherlands)
  

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in the Snack Pellets Market
4.2 Europe: Snack Pellets Market, By Type & Country
4.3 Snack Pellets Market, By Technique, 2018 vs. 2023
4.4 Snack Pellets Market, By Flavor
4.5 Snack Pellets Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Demand for Prepared and Convenience Foods
5.2.1.2 Increase in Innovation in Food Extrusion Processes
5.2.1.3 Expansion of Retail Landscape in Developing Countries
5.2.2 Restraints
5.2.2.1 High Acrylamide Content in Snack Foods
5.2.2.2 Health Problems Associated With the Higher Consumption of Processed Potato Snacks
5.2.3 Opportunities
5.2.3.1 Emerging Opportunities in the Extruded Snack Industry
5.2.3.2 Government Initiatives and Investments to Expand the Processed and Extruded Food
5.2.4 Challenges
5.2.4.1 Lack of Transport Infrastructure Support in Emerging Markets
5.2.4.2 Operational Complexity During Food Processing

6 Snack Pellets Market, By Type
6.1 Introduction
6.2 Potato
6.2.1 Increasing Health Awareness Among Consumers is Creating A Demand for Low-Fat Potato-Based Snack Products as the Potato Starch Helps For End-Product
6.3 Corn
6.3.1 With the Increasing Consciousness Toward Eating Healthy Snacks Supported With A Variety in Flavors, Consumers are Widely Adopting Snack Future
6.4 Rice
6.4.1 Advancements in Technologies Have Resulted in the Development of Improved Rice Varieties and Reduced Time for Production of Rice Countries
6.5 Tapioca
6.5.1 Benefits Such as Low Gelatinization Temperatures and Well-Expanded Density Intact Will Boost the Demand for Tapioca-Based Snack Pellets
6.6 Multigrain
6.6.1 Growing Demand for Multigrain Snack Pellets has Increased Among the Young Population as they Consist of High Fiber & Low-Fat on Taste
6.7 Others

7 Snack Pellets Market, By Form
7.1 Introduction
7.2 Laminated
7.2.1 Laminated Form is Widely Consumed as It has Precise Control Over Sheet Thickness During the Processing of Cylindrical and Traditional Form
7.3 Tridimensional
7.3.1 Demand for the Tridimensional Form of Snack Pellets is Expected to Be High During the Forecast Period as they are More Popular Optimum Product
7.4 Die-Face
7.4.1 Die-Face Snack Pellets are Subsequently Dried to Moisture Levels That Permit Optimum Expansion During Frying Or Toasting, Which Produces
7.5 Gelatinized
7.5.1 Gelatinized Form Dominated the Snack Pellets Market During the Forecast Period

8 Snack Pellets Market, By Flavor
8.1 Introduction
8.2 Plain
8.2.1 Plain Snack Pellets are Widely Preferred as Popular Flavored Snacks as they Satisfy Cravings for Savory Snack Products
8.3 Flavored
8.3.1 Innovative and Unexpected New Textured and Flavored Variety in Snack Pellets are Responsible for the Larger Young Consumer Base
8.4 Nutritional
8.4.1 Convenient and Healthy Snacking Option is One of the Key Drivers for the Rising Demand for Nutritional Snack Pellets During the Forecast Period

9 Snack Pellets Market, By Technique
9.1 Introduction
9.2 Single-Screw Extruder
9.2.1 Europe is the Largest Market for Single-Screw Extruders as they are Easy to Operate and Maintain
9.3 Twin-Screw Extruder
9.3.1 Demand for Twin-Screw Extruders is Increasing as they Provide Higher Flexibility Along With the Capability to Process A Wide Range of Raw Materials

10 Snack Pellets Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 High Awareness Related to the Efficient Use of Single-Screw Extrusion Technique Drives the Market in the Us
10.2.2 Canada
10.2.2.1 High Demand for Nutritional Snack Foods Such as Corn-Based and Multigrain-Based Snack Pellets is the Major Growth Factor for the
10.2.3 Mexico
10.2.3.1 Increase in the Commercialization of the Food Processing Industry is the Main Driver for the Snack Pellets Market in Mexico
10.3 Europe
10.3.1 Germany
10.3.1.1 High Availability of Raw Materials Such as Grains and Cereal is Driving the Market in Germany
10.3.2 UK
10.3.2.1 Presence of Major Players in the Region is A Key Driver for Snack Pellets in the UK
10.3.3 Italy
10.3.3.1 Snack Pellets Market in Italy is A High-Growth-Potential One as Foodservice Represents A Great Channel for Companies to Promote their Brands in the Country
10.3.4 France
10.3.4.1 Developments in Food Processing Technology, Marketing Innovations, and Export of Finished Snack Foods Have Contributed to Snack Pellets
10.3.5 Poland
10.3.5.1 Increase in Disposable Income and Demand for Rte Products is Fuelling the Snack Pellets Market in Poland
10.3.6 Spain
10.3.6.1 Healthy Snacking has Influenced Manufacturers to Produce Snack Pellets Based on Vegetable Flour
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 India
10.4.1.1 Development of Cold Chain Infrastructure has Helped in the Growth of India's Food Processing and Agribusiness Snack Pellets
10.4.2 Indonesia
10.4.2.1 Corn-Based Snack Pellets are Estimated to Form the Second-Largest Market for Snack Pellets in the Country
10.4.3 China
10.4.3.1 Changing Consumer Preferences, as A Result of Growth in the Economy, are Driving the Market for Snack Pellets in China
10.4.4 Japan
10.4.4.1 Multinational Companies, in Alliance With Local Players, Have Developed New Varieties of Snack Pellets, Enriched With Flavors Consumers
10.4.5 Rest of Asia Pacific
10.5 Africa
10.5.1 South Africa
10.5.1.1 Growing Trend of Working Women and Busy Work Schedules Have Further Driven the Demand for Convenience Products Such for Healthy Country
10.5.2 Rest of Africa
10.6 Middle East
10.6.1 Demand for Snack Pellets is Estimated to Grow With the Development of the Market and Penetration of Large Manufacturers

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 Agreements
11.3 Market Ranking

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/9hdwx5/snack_pellets?w=12

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Snacks and Confectionery, Food Additives