Snack Pellets Market Size – USD 1.97 Billion in 2018, Market Growth - CAGR of 5.1%,

NEW YORK CITY, NEW YORK, UNITED STATES, August 25, 2021 /EINPresswire.com/ -- 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.
This report on the Snack Pellets market delivers a cumulative synopsis of the speculations of this business, overall, along with an evaluation of its segmentations. It predicts the Snack Pellets market to advance as one of the most profitable verticals, generating massive revenue by the end of the forecast years, exhibiting a sizable growth rate over the calculated period.

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Key Players profiled in the 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 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.

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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

Regional Outlook (Revenue in USD Million; 2016–2026)
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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Objective of Studies:
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by application, product type and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Snack Pellets market.

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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Tushar Rajput
Marketysers Global Consulting LLP
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