Snack Pellets Market worth $7 Billion by 2019, According to a New Study on ASDReports

Thursday 4 September 2014, Amsterdam

The report, now available on ASDReports, “Snack Pellets Market by Type (Potato, Corn, Tapioca, Rice, Mixed Grains, and Others) & Geography - Global Trend & Forecast to 2019” defines and segments the snack pellets market with analyses and projection of the market size, in terms of value and volume. It also identifies the driving and restraining factors of the snack pellets market, with detailed analyses of its trends, opportunities, burning issues, winning imperatives, and challenges.

Snack pellets are those unexpanded and semi-finished products that are mostly cooked by hot air expansion or by frying into ready-to-eat snacks through extrusion process. Snack pellets are preferred by snack manufacturers owing to their high stability, longer shelf life, and bulk density. This makes snack pellets convenient for storage and transport when compared to snacks made by direct expansion.

The snack pellets are available in wide range of base ingredients such as potato, corn, tapioca, rice, and mixed grains. Snack pellets are available in various textures, from soft and crispy to hard and crunchy, depending on the method of processing; especially drying. The snack pellets market is estimated to grow with the increasing awareness of promotional schemes, knowledge extension programs related to raw material, processing unit, and emerging snack pellets trends, and demand for healthy ready-to-eat snacks by the consumers.

The snack pellets market is projected to exceed $7 billion, at a CAGR of 5.9% from 2014, to 2019 when Europe projected as the largest market. The leading players in snack pellets market include Grupo Industrial Michel (Mexico), Groupe Limagrain Holding S.A. (France), and Intersnack Knabbergebäck GmbH (Germany). The market players in snack pellets continuously invest in new product development as per the market demand.