Global Snack Pellets Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Snack Pellets Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.
The Snack Pellets Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global snack pellets market report has been segmented on the basis of type, form, and region.
Snack Pellets Market Overview:
“The Snack Pellets Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.
Snack pellets are intermediate non-expanded products made with raw materials such as cereals, potatoes, or vegetable powders, and grains such as corn, wheat, rice, and tapioca.
Increasing individual preference towards snack pellets is due to their long shelf life, bulk density, and simplified storage features.
Snack pellets are available on the market in various shapes, textures, flavors, forms, and sizes. Snack pellets are widely used in the savory snacks industry which includes chips and puffs.
Snack pellets are also called semi-finished products which are cooked by the process of frying or hot air expansion. Hot air expansion is a better and healthy cooking process as it avoids excessive use of oil which creates the formation of acrylamide which is a common cause of some heart diseases.
Increasing demand for healthy foods, rising health consciousness among individuals, and growing preference toward food products with low energy, saturated fats and salt, nutrients, and proteins are major factors expected to drive the growth of the global market over the forecast period.
In addition, rising demand for ready-to-eat snacks, and rising preference for added ingredients and flavors are other factors expected to fuel the growth of the target market.
Moreover, increasing the diversity of products in terms of textures, shapes, flavors, and colors coupled with its long life, storage process, and high-density feature are some factors expected to support the growth of this market in the near future.
However, the increasing cost of raw materials such as tapioca, cereals, lentils, and oil and the rising availability of substitutes for the products, especially in developing countries are major factors expected to restrain the growth of the global market over the forecast period.
Technological advancements in processing techniques, innovative products, the introduction of new ingredients, and the development snack pellets market globally are some important factors expected to create potential revenue opportunities for players in this market over the forecast period.
The market in Europe dominates the global market in terms of revenue over the forecast period, owing to the rising demand for savory snacks in countries in this region.
The market in the Asia Pacific is projected to have significant shares the market, due to increasing demand for snack pellets, availability of labor, and raw materials from countries such as India and China in this region.
Global snack pallets market segmentation:
Segmentation by product type:
Segmentation by form:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Akkel Group
- Dalmaza Food Industries Company
- Intersnack Group GmbH & Co KG
- Pasta Foods Limited
- LENG D OR SA
- Liven SA
- Limagrain Cereales Ingredients SAS
- R. Short Milling Company
- Balance Foods, Inc.
- Grupo Industrial Michel
Request for TOC
Why Choose Us
- 360 Degree Approach
- Growth Consulting
- 24/7 Research Support
- Comprehensive-Level of Customization
- Comprehensive-Level of Customization
- Competitive Intelligence
- Single-Country/ Region Intelligence
- Post-Sale Service Assistance
- Access to Lead Analysts
- Available in PDF, Excel, Word/ PPT
Request for Customization
Don't just take our word. We are trusted by these great companies!