Snack Pellets Market Size – Predicted To Witness USD Seven Billion By 2019

By   | April 16, 2015 |   Price: 4950  |   Category: Food & Beverages
  • Snack pellets are non expandable intermediate products. They include potatoes and vegetable powder or cereals as ingredients. Snack pellets are ready to eat snacks and have long shelf life and high stability. The snack pellets market is likely to witness exponential growth at around 6 percent CAGR in the future. It is expected to attain about USD 7 billion by the end of 2019.

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    The crucial factors driving the snack pellets market are changing consumer lifestyles, low investments required for expansion and technological improvements. However, lack of proper distribution channels and limited supply of feedstock are likely to hinder the market over the coming years.

    The snack pellets market can be bifurcated into types and geographies. The market, on the basis of types, can be fragmented into rice based snack pellets, corn based snack pellets, potato based snack pellets, tapioca based snack pellets and mixed grains based snack pellets. Rising demand for mixed grains, potato and corn is driven by the United Kingdom and Germany.

    Geographically, the snack pellets market can be segregated into four primary regions, including North America, Europe, Asia Pacific and rest of the world (ROW). Europe is predicted to be the largest market for snack pellets. It is likely to observe the fastest growth over the coming years. Europe is followed by Asia Pacific, North America and ROW.

    Asia Pacific is showing positive growth for the snack pellets market. This is due to its lucrative regions of China and India. The lucrativeness of these regions owes to rising disposable income, technological Improvements and changing consumer lifestyles.

    Snack Pellets Market

    Information Source: Grand View Research

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