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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Copy of This Report at : http://www.grandviewresearch.com/industry-analysis/snack-pellets-market
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.
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