According to the current analysis of Reports and Data, the global Snack Pellets market was valued at USD 1.97 Billion in 2018 and is expected to reach USD 2.94 Billion by year 2026, at a CAGR of 5.1%. With rapidly changing consumer lifestyles, the demand for processed and convenience foods is rising. The increase in disposable incomes is further boosting the consumer spending on food consumption and establishing a healthy snacking trend in the market. A significant change is the shift from home-made breakfasts to ready-to-eat snack alternatives. Such factors combined are boosting the growth of this market.

Snack pellets have a longer shelf life and promise enhanced nutritive value in comparison to other conventional processed snacks. Moreover, market players are experimenting with and introducing new flavours and textures of snacks that come with nutritional claims. 

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Top Companies Operating in the Global Snack Pellets Market Report:

Intersnack Group GmbH and Co. KG, J.R. Short Milling, Limagrain Cereales Ingredients, Mafin, Liven S.A., Van Marcke Foods, Grupo Industrial Michel, Bach Snacks, Leng-d'Or, Balance Foods, Inc., LE Caselle, Pasta Foods Ltd., Quality Pellets A/S, Chhajed Foods Pvt. Ltd., Pellsnack-Products GmbH, Noble Agro Foods

Further key findings from the report suggest-

• The multigrain category under the type segmentation is the most prominent within the market. The segment is growing because of rising consumer focus on healthy snacking and low-fat content in snacks.
• By form, the gelatinized segment held the largest market share in 2018. It is expected to dominate the market because of its benefits over other forms of pellets, such as a uniform thickness.
• The die-face segment is expected to record the fastest growth during the period of forecast. The reason behind the fast-paced growth is the scope of diversity and creativity in offering new shapes and textures to snacks.
• By technique, the single-screw extruder segment is expected to register the largest share in this market. Single screw extruders enable production of complex extruded snack food products, that are witnessing a high demand.
• The twin-screw extruder segment is expected to register a modest rate of growth due to increasing applicability and enhanced technical ability to produce different shapes of snack pellets.
• The snack pellets market is witnessing favorable growth opportunities with the rising innovations in food extrusion processes and focused government and private investments into the processed foods segment.
• North America holds the largest share in the global snack pellets market. High levels of efficiency in food mechanisms and a growing awareness about food nutrition are major factors driving market growth.
• Emerging economies in the Asia Pacific region; such as India, China and Japan are offering lucrative growth opportunities for the snack pellets market and are expected to drive the market growth further.

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The global Snack Pellets market is segmented into:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Type (Revenue, USD Million; 2016–2026)

• Potato
• Corn
• Rice
• Tapioca
• Multigrain
• Others

Form (Revenue, USD Million; 2016–2026)

• Laminated
• Tridimensional
• Die-Face
• Gelatinized

Flavour (Revenue, USD Million; 2016–2026)

• Plain
• Flavored
• Nutritional

Technique (Revenue, USD Million; 2016–2026)

• Single-Screw Extruder
• Twin-Screw Extruder

Key Questions Addressed in the Report:

·         What are the dominating factors that are influencing the growth of the industry?

·         In the forecast period, which market segment is expected to rise the most?

·         What are the risks and challenges that the industry is facing?

·         In the coming years, which area is projected to dominate the market?

·         Who are the major players in the market? What kind of strategic business plans have they made?

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