Snack Pellets Market Forecasts to 2028 – Global Analysis By Technique (Twin Screw Extruders, Single Screw), Flavor (Flavored, Nutritional, Plain), End User (Household, Commercial Use), and By Geography
According to Stratistics MRC, the Global Snack Pellets Market is accounted for $2.07 billion in 2020 and is expected to reach $3.43 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Increasing innovations in food extrusion processes, rise in demand for prepared and convenience foods, and expansion of retail landscape in developing countries are the major factors propelling the market growth. However, high acrylamide content in snack foods and operational complexity during food processing are hampering the market growth.
Snack pellets are semi-finished products which are either cooked by frying or by hot air expansion. They are preferred by a majority of customer due to longer shelf life, stability, and bulk density. These products are also convenient to store as compared to other ready to eat alternatives. Snack pellets allow the manufacturers to offer a clean label to their products by way of offering pellets that have similar texture and expansion and meeting consumer need for healthy and safe snacking options.
Based on product, the corn segment is estimated to have a lucrative growth due to the introduction of new recipes focused on corn-based ingredients. Corn is one of the most efficient plants when it comes to transforming sunlight and chemical fertilizer into carbohydrate energy (in the case of corn) and fat and protein (in the case of soy).
By geography, Europe is going to have a lucrative growth during the forecast period due to the rising demand for savory snacks, rising expansion of retail landscape in developing countries, rising innovations in food extrusion processes, rising demand for healthy foods, increasing health consciousness among individual in this region.
Some of the key players profiled in the Snack Pellets Market include Akkel Group, Balance Foods Inc, Dalmaza Food Industries Co, GmBH & Co. KG, Grupo Industrial Michel, Intersnack Group, J.R. Short Milling Company, LE Caselle, Limagrain Cereales Ingredients, Liven S.A, Noble Agro Food Products Pvt. Ltd, Pasta Foods Ltd, Quality Pellets A/S, and Van Marcke Foods.
• Hot Air Baking
• Other Products
• Laminated Pellets
• Gelatinized Pellets
• Tridimensional Pellets
• Punched Pellets
• Die Face Pellets
• Die Distance Pellets
• Twin Screw Extruders
• Single Screw
End Users Covered:
• Commercial Use
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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