Snack Pellets Market Worth $2.5 Billion by 2023 - Exclusive Report by MarketsandMarkets™

CHICAGO, November 6, 2018 /PRNewswire/ --

According to the research report "Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Multigrain), Form (Laminated, Tridimensional, Die-face, Gelatinized), Technique (Twin-screw extruder, Single-screw extruder), Flavor (Plain, Flavored, Nutritional), and Region - Global Forecast to 2023", published by MarketsandMarkets™. The market for snack pellets is estimated to account for about USD 2.0 billion in 2018 and is projected to reach a value of about USD 2.5 billion by 2023, growing at a CAGR of 5.3% from 2018.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Don't miss out on business opportunities in Snack Pellets Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=34540077

The demand for snack pellets is growing due to the increasing adoption of the rise in on-the-go consumption has 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.

By type, the potato segment is estimated to account for the largest share in the snack pellets market in 2018. 

On the basis of type, the potato segment is estimated to dominate the snack pellets market in 2018. Potato starch is the most widely used ingredient in the production of snack pellets. Potato starch, to obtain extruded snacks with the desired texture and properties, is used in the rice meal. Potato-based snack pellets are widely consumed due to their long shelf-life, low-cost transport, easy availability, and storage convenience. It also offers high bulk density, various flavors, and choices for consumers of all age groups.

Browse and in-depth TOC on "Snack Pellets Market"
95 - Tables
38 - Figures
145 - Pages 

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/snack-pellets-market-34540077.html

The snack pellets market is witnessing a strong growth due to the increasing usage of twin-screw extruders in the snack industry. 

Twin-screw extruders consist of two intermeshing and co-rotating screws mounted on splined shafts in a closed barrel. This equipment offers numerous advantages over single-screw extruders. As a result, these extruders witness an increasing demand from various manufacturers in the food processing industry. Twin-screw extruders have various possible configurations for producing different shapes of snack pellets with the help of counter-rotating screws, as compared to the single-screw extruders. These extruders also offer various advantages, such as extrusion of heat-sensitive products, rapid mixing characteristics, and reduced volatilization of flavors, to end users.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=34540077

Europe is estimated to dominate the snack pellets market in 2018. 

Europe is estimated to account for the largest market share for snack pellets in 2018. Because of the abundant availability of raw materials and the presence of a strong food processing industry, Europe holds the largest share of the snack pellets market, in terms of both volume and value. Additionally, snacks made from potatoes are highly preferred by consumers. These factors are responsible for the largest share of potato-based snack pellets in the region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the snack pellets market. It includes the profiles of the leading companies such as Limagrain Céréales Ingrédients (France), Liven S.A. (Spain), Grupo Michel (Mexico), Leng d Or S.A. (Spain), and Pellsnack-Products GmbH (Germany).

Browse Adjacent Markets @ Food Ingredients Market Research Reports & Consulting

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. 

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road,
Suite 430,
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]

Research Insight @ https://www.marketsandmarkets.com/ResearchInsight/snack-pellets-market.asp

Visit Our Website: https://www.marketsandmarkets.com

SOURCE MarketsandMarkets