(PRWEB) August 28, 2014
The report, "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.
Browse 101 market data tables with 32 figures spread through 231 pages and in-depth TOC on "Snack Pellets Market - Global Trend & Forecast to 2019."
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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 market is extremely competitive with large-scale as well as small- and medium-scale companies. The leading companies are introducing new products to sustain their position and strengthen their global presence. A total of 10 developments were recorded in the market from 2010 to 2014. The globalization in the snacks industry allows the manufacturers to satisfy the demand for snack pellets throughout the world.
The increasing demand among the consumers for snacks with improved ingredients and flavors has led the snacks manufacturers to adopt new variants of snack pellets as their most preferred strategic approach. The leading snacks pellet companies continuously invest in R&D programs so as to develop new varieties of snack pellets with unique blend of spices, ingredients, flavors, shapes, and textures to cater to the demand for high-quality pellets by snacks manufacturers. Liven S.A. (Spain) was observed to be one of the most active players in the market.
Snack pellets are available in a 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.
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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.
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