Snack Pellets Market by Type, Technique, Region - 2023 | | COVID-19 Impact on Snack Pellets Market

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MarketsandMarkets Presents
Snack Pellets Market - Forecast to
2023 https//www.marketsandmarkets.com/Market-Repo
rts/snack-pellets-market-34540077.html

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The report "Snack Pellets Market by Type (Potato,
Corn, Rice, Tapioca, Multigrain), Form
(Laminated, Tridimensional, Die-face,
Gelatinized), Technique (Twin-screw extruder,
Single-screw extruder), Flavor (Plain, Flavored,
Nutritional), and Region Global Forecast to
2023"The snack pellets market is estimated to
account for about USD 2.0 billion in 2018 and is
projected to reach a value of about USD 2.5
billion by 2023, growing at a CAGR of 5.3 from
2018.  The snack pellets market is highly
impacted by innovations, as manufacturers are
always introducing new ingredients, new variants,
and processing techniques to meet the increasing
demand and cater to changing consumer demands.
The rise in on-the-go consumption has encouraged
the savory snack manufacturing industry to
produce new products that could meet these rising
demands from the working-class consumers. In
addition to this, the growing focus on facility
expansion, marketing schemes, and information
exchange programs for creating awareness to
enhance the consumption of snack pellets have
contributed to the growth of the market.
  Browse 109 market data Tables and 38 Figures
spread through 149 Pages and in-depth TOC
on "Snack Pellets Market Global Forecast to
2023 North America is estimated to dominate the
snack pellets market in 2018. North America is
estimated to account for the largest market share
for snack pellets in 2018. Because of the
abundant availability of raw materials and the
presence of a strong food processing industry,
North America holds the largest share of the
snack pellets market, in terms of both volume and
value. Additionally, snacks made from potatoes
are highly preferred by consumers. These factors
are responsible for the largest share of
potato-based snack pellets in the
region. Download PDF Brochure
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• Report Objectives
• To define, segment, and project the global market
  size for snack pellets products
• To understand the structure of the snack pellets
  market by identifying its various subsegments
• To provide detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To analyze the micromarkets with respect to
  individual growth trends, future prospects, and
  their contribution to the total market
• To project the size of the market and its
  submarkets, in terms of value, with respect to
  the four regions (along with their respective key
  countries)
• To profile the key players and comprehensively
  analyze their core competencies
• To understand the competitive landscape and
  identify the major growth strategies adopted by
  players across key regions
• To analyze competitive developments such as
  expansions investments, new product launches,
  mergers acquisitions, joint ventures, and
  agreements
• Secondary Research
• In the secondary research process, various
  secondary sources such as Hoovers, Bloomberg
  BusinessWeek, and Dun Bradstreet were referred
  to, to identify and collect information for this
  study. These secondary sources included annual
  reports, press releases investor presentations
  of companies, white papers, certified
  publications, articles by recognized authors,
  gold standard silver standard websites, food
  safety organizations, regulatory bodies, trade
  directories, and databases.
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id34540077

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The multigrain type segment is projected to be
the fastest growing in the snack pellets market
during the forecast period. The multigrain type
segment is projected to be the fastest-growing
segment in the snack pellets market during the
forecast period. Multigrain snack pellets are
made of various grains that have high nutritional
value. Earlier, a single grain type was used to
produce snack pellets, due to which the
nutritional value of products was limited.
Currently, the consumer demand for multigrain
snack pellets remains high due to its high-fiber
content. With low-fat content, multigrain snack
pellets offer various health and taste benefits,
as compared to potato- and corn-based snack
pellets. Grains such as wheat is mostly used with
other types for snack pellets. The gelatinized
segment is projected to account for the largest
market size during the forecast period. On the
basis of form, the snack pellets market is
segmented into laminated, die-face,
tridimensional, and gelatinized. Gelatinized
pellets are uniform in thickness and are
generally flat, with holes on the surface. The
thickness is essential for the maintenance of
shape definition upon frying or toasting.
Gelatinized pellets can be produced by using a
specially designed high-speed rotary cutting
machine, which sequentially and synchronously
punches the holes and cuts the sheet into the
desired shape. Hence, the gelatinized form of
snack pellets in the food industry is witnessing
growth. Make an Inquiry https//www.marketsandm
arkets.com/Enquiry_Before_BuyingNew.asp?id3454007
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• High acrylamide content in snack foods is
  restraining growth of the market.
• Snack pellets are further processed for
  consumption by frying or through the hot air
  expansion process. A critical issue faced by the
  snack pellets industry is the formation of
  acrylamide during frying. The asparagine and
  glucose present in the food form acrylamide when
  reacted in temperatures above 248F. Acrylamide,
  when consumed in excess, can be carcinogenic and
  also affects the taste of the snack pellets. The
  presence of acrylamide has negatively impacted
  the growth of potato-based snack pellets. Thus,
  to decrease the acrylamide levels in potato-based
  snack pellets, frying at a controlled thermal
  input, vacuum condition, and flash frying ought
  to be implemented by the manufacturers. In recent
  years, companies such as Novozymes A/S (Denmark)
  have introduced enzymes that help in reducing the
  content of acrylamide and mask the insipid
  flavor. Another food player, J.R. Simplot Company
  (US), developed genetically modified (GM) potato
  varieties classified as Innate Generation 1 and
  Innate Generation 2, in 2014. The potato variety,
  Innate Generation 1, received safety approval in
  2015, while the Innate Generation 2 received
  approval in 2017 from the US Food and Drug
  Administration (FDA). These potato varieties
  offer various benefits to the potato industry for
  key issues such as acrylamide formation in snack
  pellets, along with late blight disease, black
  spot bruising, sprouting, and shrinkage or loss
  of weight during storage. Hence, these potato
  varieties developed by the company contain less
  asparagine, which helps in the reduction of
  acrylamide formation at high temperatures.
  However, consumer perception of snack pellets
  having carcinogenic components restrains the
  market growth.
• Recent developments
• Limagrain Céréales Ingrédients entered into an
  agreement to acquire 100 shares of Unicorn Grain
  Specialties (the Netherlands). This agreement
  would strengthen Limagrains strong presence in
  Northern Europe, in the pulses and cereals
  market. It would also provide specialized
  ingredients to industries such as breakfast
  cereals, bakery, snacking, animal nutrition, and
  nutrition markets.
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id34540077

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