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
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
Table of Contents
1. INTRODUCTION
2. Research Methodology
4. Market Dynamics
5. Snack Pellets Market By Product Type
6. Snack Pellets Market By Form
7. Snack Pellets Market By Distribution Channel
8. Snack Pellets Market By Geography
9. Competitive Intelligence
10. Company Profiles
Companies Mentioned
- Limagrain Cereales Ingredients
- Bunge
- Balance Foods Inc.
- Akkel Group
- Pasta Foods Ltd
- Leng-d'or S.A.
- J.r. Short Milling Company
- Liven S.A.
- Noble Agro Food
Methodology
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