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Press Release / News & Society / Snack Pellets Market Will Reach USD 7.75 Billion by end of 2022

Snack Pellets Market Will Reach USD 7.75 Billion by end of 2022

By Zion Market Research on February 02 2018 | 143 Views

Snack Pellets Market 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.

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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.

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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.

North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are key regional segments of global snacks pellets market. Europe is expected to remain the dominant region over the forecast period. North America was the second largest market for snack pellets in 2016.Asia Pacific is expected to be the fastest-growing region snack pellets market during the forecast period. Moreover, Latin America is also expected to show visible growth for this market in the years to come.

Some of the key players in snacks pellets market areLimagrain 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.

Browse detail report with in-depth TOC @ https://goo.gl/PCc7ug

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Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.



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