Global Snack Pellets Market By Overview
Snack pellets market accounted for US$ 2.14 billion in 2020 and is estimated to be US$ 3.59 billion by 2030 and is anticipated to register a CAGR of 5.4%.
Snack pellets are specific type of non-expanded products that are made using raw materials such as vegetable powders, cereals, and potatoes. Processing of these semi-finished products is generally carried out by various methods such as frying, hot air baking, etc. Different types of taste ingredients are added to these products to form ready to eat snacks. These are highly-denser and expandable intermediate products that re manufactured through extrusion using raw materials such as potato, corn, tapioca, rice legumes and other cereals and vegetables.
Global Snack Pellets Market By Dynamics
Rising consumption of packaged foods
Increasing hectic schedule and concept of fast foods is expected to propel the growth of the target market. This is type of food is most favorable among children’s which in turn increase the demand of packaged foods. Moreover, growing demand for convenience foods from developed countries is major factor driving growth of the global snack pallets market, currently. In addition, increasing innovation in process of food extrusion is another factor expected to propel growth of the target market in the near future.
However, high content of acrylamide in the snack’s food products, coupled with increasing health concerns due to higher consumption of processed food products are major factors expected to hamper growth of the global snack pellets market over the forecast period.
Global Snack Pellets Market By Segmentation
The global snack pellets market is segmented based on type, form, technique, flavor and region.
The type segment includes potato, corn, rice, tapioca, and multigrain. The form segment is further sub segmented into laminated, tridimensional, die-face, and gelatinized. On the basis of technique, the global snack pellets market has been segmented as twin-screw extruder and single-screw extruder. The flavor segment includes plain, flavored, and nutritional.
Regional Insights:
The global snack pellets market accounted for US$ 2.14 billion in 2020 and is estimated to be US$ 3.59 billion by 2030 and is anticipated to register a CAGR of 5.4%. On region the global snack pellets market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe currently dominates the market for snack pellets and is expected to continue its strong hold for a few more years owing to increasing food processing industries, coupled with availability of abundant raw materials in the region.The markets in Asia-Pacific are expected to register significant growth rate over the forecast period. This growth is attributed to increasing production as well as export of snacks pallets to developed countries in the region
Snack Pellets Market Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
Market Segmentation |
By Type-Potato, Corn, Rice, Tapioca, and Multigrain By Form– Laminated, Tridimensional, Die-Face, and Gelatinized By Technique– Twin-screw extruder and Single-screw extruder By Flavor- Plain, Flavored, and Nutritional |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global snack pellets market report based on type, form, technique, flavor, and region.
Snack Pellets Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Snack Pellets Market By Key Players
The key players operating in the global snack pellets market includes Limagrain Céréales Ingrédients, Liven S.A., Grupo Michel, Leng-D’or, Pellsnack Products, J. R. Short Milling Pasta, Noble Agro Food, Bach Snacks, Mafin, LE Caselle, and Van Marcke Foods.
Global Snack Pellets Market By Company Profile
- Limagrain Céréales Ingredients,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Liven S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Grupo Michel
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Leng-D’or, Pellsnack Products
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- J. R. Short Milling Pasta
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Noble Agro Food
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bach Snacks
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mafin, LE Caselle
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Van Marcke Foods
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Snack Pellets Market By Highlights
FAQs
Snack Pellets Market is segmented into type, form, technique, flavor and region.
Snack pallets market is now being driven by the increased demand for convenience foods from industrialized countries.
By region, Europe is expected to account major market share as compared to that of other regions.
The Key players operating in the Snack Pellets Market includes Limagrain Céréales Ingrédients, Liven S.A., Grupo Michel, Leng-D’or, Pellsnack Products, J. R. Short Milling Pasta, Noble Agro Food, Bach Snacks, Mafin, LE Caselle, and Van Marcke Foods.