Snack Pellets Market - Forecasts from 2019 to 2024

The snack pellets market is projected to grow at a CAGR of 4.45% to reach US$8.432 billion in 2024 from US$6.493 billion in 2018. Snack pellets are semi-finished products that are either cooked by frying or by hot air expansion. Snacks pellets are preferred by the majority of the consumers due to its long shelf life and stability. Rising demand for prepared and convenience foods and expanding retail sector in the developing economies is expected to drive the market during the forecast period. Innovation in the market by the industry players with the focus on introducing new varieties and ingredients also drives the growth of the market. Moreover, the easy availability of raw materials like potato starch, corn starch, wheat flour etc also widen ups the growth opportunities in the market and attracts new players to enter the industry. European Union dominates the global snack pellets market with the largest share due to the presence of strong food processing industry and increasing demand prepared and convenience food by the consumers in the region.

Drivers

Expanding food retail industry
Increasing demand for prepared and convenience foods.

Restraints

Health concerns associated with higher consumption of processed snack pellets.

Industry Updates

In October 2018, Intersnack subsidiary, KP Snacks builds a new snack pellet production line at its Billingham (UK) plant.

The major players profiled in the Snack pellets market are Limagrain Cereales Ingredients SAS, Bunge, Balance Foods Inc., Akkel group, Pasta foods ltd, Leng-d'Or s.a, J.R. Short Milling Company, Liven S.A., and Noble Agro Food Products Private Limited.

Segmentation

The Snack pellets market has been analyzed through the following segments:

By Type

Potato
Corn
Rice
Multi-Grain
Others

By Form

Laminated
Tridimensional
Gelatinized
Die- Face

By Distribution channel

Online
Offline

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Other

Asia Pacific
China
Japan
South Korea
India
Others