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Snack Pellets Market Product Development, Expansions, and Investments in Manufacturing Facilities
Snack pellets are used to produce indirect extruded snacks. The snack pellets market is projected to grow with the increasing awareness regarding the various promotional schemes and knowledge extension programs related to snack pellet manufacturing, raw materials, and other processes and entities related to snack manufacturing, run by the snacks pellet manufacturers, snack associations such as Snack food Association (SFA) and European Snacks Association (ESA), and governments of various nations. The growing demand for savory snacks is driving the growth of the snack pellets market.
The snack pellets market is highly active, with companies engaged in the new product development, expansions, and investments in manufacturing facilities. The snack pellet manufacturing companies also focus on sharing information regarding new products and technological advancement in the industry, to increase the snack manufacturers’ awareness towards the consumer consumption. The leading players in this market include Grupo Industrial Michel (Mexico), Limagrain (France), and Intersnack Knabbergebäck GmbH (Germany).
The companies are differentiating their products on the basis of the ingredients, shapes, size, forms, and flavorings; and are continually investing on R&D to introduce innovative blends of seasoned pellets. This has contributed to meet their customer demands. They also invest in the expansion and upgrading of their manufacturing facilities in different countries, to enhance their global network and business.
Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Mixed Grain and Others) & by Geography - Global Trends and Forecasts to 2019
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