Snack pellets are semi-finished products which are either cooked by frying in hot oil or by hot air expansion. Raw materials with high quantity of starch are necessary to obtain an amorphous vitreous structure once it is gelatinised and dried. They use the same expansion principle of ‘pop-corns’– creating a starchy matrix with a vitreous structure, which “bursts” when submitted to powerful thermic treatment. Snack pellets market are more preferred snacks due to its longer shelf life, stability, and bulk density properties. These products are very easy to store as compared to other ready to eat alternatives.
Increasing health awareness and rising consumption of nutrients, proteins, minerals, energy, saturated fats and salts through snacks among individuals are expected to drive growth of the global market over the forecast period. In addition, snack pellets properties such as longer shelf life, high-density features, and easy storage process are some other factors expected to support growth of the target market.
On the basis of product type, the market is segmented into potato, corn, rice, tapioca, multi-grain, others. Potato snack pellets are widely used in the Europe market. In addition, corn snack pellets are preferred by individuals, owing to introduction of innovative recipes focused on corn base ingredients. On the basis of form, the market is segmented into laminated, tridimensional, die-face, and gelatinized.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The market in Europe is expected to witness significant gains over the forecast period, owing to increasing consumer demand for ready-to-eat and savory food, owing to busy lifestyle and increasing preference towards healthy and nutrient food. The market in Asia Pacific is projected to have highest CAGR in terms of revenue, owing to increasing preference towards snack pellets, large production, and availability of raw materials in various countries in this region
Key players operating in the market include Akkel Group, Dalmaza Food Industries Company, Intersnack Group GmbH & Co KG, Pasta Foods Limited, LENG D OR SA, Liven SA, Limagrain Cereales Ingredients SAS, J.R. Short Milling Company, Balance Foods, Inc., and Grupo Industrial Michel.