Sarasota, FL -- (SBWIRE) -- 04/10/2017 -- Zion Market Research has published a new report titled "Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Mixed Grains, and Others) by Form (Laminated, Die-face, Tridimensional, Gelatinized and Others.) and by Equipment (Single Screw and Twin Screw Extruders): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022." According to the report, global snacks pellets market was valued at around USD 5.50 billion in 2016 and is expected to generate revenue of around USD 7.75 billion by end of 2022, growing at a CAGR of around 6.00% between 2017 and 2022.

Snack pellets are convenient and easy to cook snack which is readily available. Snack pellets are increasing preferred as they are considered to be healthy in comparison to other snacks. Snacks pellets can be converted into ready form by either hot air expansion or by hot oil frying. Hot air expansion is considered to be healthy as a use of excessive oil is avoided which results in avoidance in the formation of acrylamide that is considered as a common cause for some specific cancers and heart diseases.

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Global snacks pellet market is primarily driven by growing investment in R&D by major manufacturers for the development of novel products.Other major driving factors for the growth of snacks pellets market are the easier availability of raw material coupled along with growing demand for healthier snack food. However, an increase in a number of market players has resulted in a price war which is a major restraint that may curb the growth of the market. Nonetheless, technological advancements and emerging markets across the globe are likely to disclose the new avenues for snacks pellet market in the near future.

The snacks pellets market is segmented on the basis of the different type including potato, corn, rice, tapioca, mixed grains, and others (cereals, legumes, etc.). In 2016, pellets segment was the largest segment in snacks pellets market and accounted for the largest share of the total market. Potato-based snack pellets segment is expected to continue its dominance, whereas corn-based snack pellets segment is expected to be the second largest segment over the forecast period.

The snack pellets market is segmented based on the form into laminated, die face, tridimensional, gelatinized and others. Based on the type of equipment used the snack pellets market can be further segmented into the single screw and twin screw extruders.

North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are key regional segments of global snacks pellets market. Europe is expected to remain the dominant region over the forecast period. North America was the second largest market for snack pellets in 2016.Asia Pacific is expected to be the fastest-growing region snack pellets market during the forecast period. Moreover, Latin America is also expected to show visible growth for this market in the years to come.

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Some of the key players in snacks pellets market areLimagrain Cereal Ingredients, Balance Foods Inc., Liven S.A., Grupo International Michel, J.R. Short Milling Company, Intersnack Group Gmbh& Co, Pasta Foods Ltd., Dalmatia Food Industries Co, Quality pallet, Leng-Dor S.A. among others. Due to the presence of several manufacturers in snack pellets market, there has been intense competition among the players to sustain in the market. Product innovation is the key strategy practiced by the majority of the players to maintain their sales.

This report segments the global snack pellets market as follows:

Global Snack Pellets Market: Type Segment Analysis

Potato
Corn
Rice
Tapioca
Mixed Grains
Others

Global Snack Pellets Market: Form Segment Analysis

Laminated
Die-face
Tridimensional
Gelatinized
Others

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Global Snack Pellets Market: Equipment Segment Analysis

Single Screw
Twin Screw Extruders

Global Snack Pellets Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa