According to IMARC Group latest report titled “Snack Pellet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on snack pellet market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global snack pellet market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

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Snack pellets are an innovative and versatile food product that has gained popularity in the snack industry. These small, semi-finished, and often unseasoned pieces are made from a variety of starchy ingredients, including potatoes, corn, wheat, and rice. Snack pellets serve as the raw material for creating a wide array of snack products, offering numerous advantages to both manufacturers and consumers. They can be stored for extended periods without spoilage and are easy to transport. Manufacturers can use these pellets to create a diverse range of snacks by simply frying, baking, or popping them, adding flavors, seasonings, and textures to cater to different consumer preferences. Snack pellets also provide versatility in terms of shapes, sizes, and textures. This flexibility allows for creativity in snack development, resulting in an assortment of snack options, such as chips, puffs, and extruded snacks.  

Market Trends:

The rising demand for convenient and ready-to-eat snacks is driving the global market. Snack pellets serve as a versatile and convenient base ingredient for a wide range of snack products, including chips, extruded snacks, and puffed snacks, meeting the demand for on-the-go and indulgent snacks. Moreover, the health and wellness trend are influencing the market. Consumers are seeking healthier snack options without compromising on taste. Snack pellets provide a platform for the development of healthier snacks by allowing manufacturers to incorporate whole grains, legumes, and other nutritious ingredients. Snack pellets offer a neutral base that can be flavored and seasoned to cater to diverse tastes and preferences. This flexibility in flavor profiles appeals to a global audience with varying palates.

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Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.

• Akkel Group
• Bach Snacks s.a.l.
• Balance Foods Inc.
• Bunge Limited
• Chhajed Foods Pvt. Ltd.
• Grupo Industrial Michel
• R. Short Milling Company
• Limagrain
• Liven S.A.
• Mafin srl
• Noble Agro Food Products Private Limited
• Quality Pellets A/S

Key Market Segmentation:

Our report has categorized the market based on region, type, form, process and distribution channel.

Breakup by Type:

• Potato
• Corn
• Rice
• Tapioca
• Multi-Grain
• Others

Breakup by Form:

• Laminated
• Tridimensional
• Die-Face
• Gelatinized

Breakup by Process:

• Frying
• Hot Air Baking

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Food Specialty Stores
• Online Stores
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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