Snack Pellets Market Size, Share, Growth Report 2030

Global Snack Pellets Market Overview     

The global Snack Pellets market accounted for USD 7.38 Billion in 2020 and is expected to reach USD 10.38 Billion by 2028, growing at a CAGR of 4.3% from 2021 to 2028.        

The rise in intake of healthy snack foods alongside easy availability of staple availability for producers will spur the merchandise demand over the approaching years. Besides this, high investments by manufacturers in R&D activities for developing new products are projected to steer the business growth within the ensuing years. additionally, elongated product period and simple transportation are anticipated to trigger the snacks pellets market growth over the forthcoming years.

An increase in the number of latest entrants into the business is probably going to form the market more price-competitive, thereby obstructing the expansion of the snacks pellets industry within the near future. Nevertheless, the introduction of the latest technologies and untapped potential of emerging markets is probably going to get an enormous scope for the business, thereby normalizing the impact of hindrances on the snacks pellets market globally.

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COVID-19 Impact Analysis:

Undoubtedly, the COVID-19 pandemic has harmed the market size for the year 2020, with small and medium scale companies struggling to sustain their businesses in the near term future. After the closure of restaurants, hotels, and other food outlet facilities during the arrival of the pandemic, the global snack pellet market has witnessed a decline in sales for the short term owing to the complete lockdown enforcement placed by governments to control COVID spreading. However, later it started for home delivery or take away. The restrictions imposed by various nations to contain COVID have stopped the production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential, and theirs a surge in demand for Food.

Growth Factors  

The Snack Pellets market is probably going to develop at a big pace within the near future. Snack pellet is taken into account to be a prominent market owing to increasing customer preference for convenience foods. The market is especially driven by innovations because the industry players within the market specialize in introducing new varieties and new ingredients. These upgraded processing techniques help to cater to the increasing also as changing demands of the purchasers. They are preferred by a majority of customers due to their longer shelf life, stability, and bulk density. These products are also convenient to store as compared to other ready-to-eat alternatives. 

Report Scope:

Segment Analysis Preview

Based on type the snack pellets market is segmented as potato, corn, rice, tapioca, mixed grains, and other snack pellets. Among them, the demand for potato-based snack pellets is relatively higher and the trend is anticipated to remain so over the next few years.

Various forms of snack pellets include laminated, dying faced, tridimensional, gelatinized, and others. Based on equipment snack pellets market is segmented into a single screw and twin-screw extruders.

Region Analysis Preview

Regionally, Europe has been leading the worldwide snacks pellets market and is anticipated to continue in the dominant position in the years to come. Mounting demand for savory foods in the region is the main factor behind the dominance of the European snacks pellets market. The increasing popularity of healthy snacks in Europe is another significant factor that is supporting the growth of this regional snacks pellets market.

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Key Market Players & Competitive Landscape

Key participants profiDying Faced in the report include Limagrain Cereal Ingredients, Balance Foods Inc., Liven S.A., Grupo International Michel, J.R. Short Milling Company, pelletsmarketIntersnack Group Gmbh& Co, Pasta Foods Ltd., Dalmatia Food Industries Co, Quality pallet, Leng-Dor S.A.

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The global Snack Pellets market is segmented as follows:    

By Type

• Potato
• Corn
• Rice
• Tapioca
• Mixed Grains
• Others

By Form

• Laminated
• Dying Faced
• Tridimensional
• Gelatinized
• Others

By Equipment

• Single Screw
• Twin Screw Extruders

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa