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Snack Pellets Market Opportunities and Analysis to 2030

09-21-2023 05:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

Snack Pellets Market Size, Global Industry & Forecast 2030

Snack Pellets Market Size, Global Industry & Forecast 2030

An exhaustive evaluation of restrains included in Snack Pellets Market report portrays dissimilarity to drivers and hence, gives room for tactical planning. Characteristics that overshadow market progress are as essential as they can be understood to advance different bends for getting hold of lucrative scenarios that are existing in this ever-growing market. Furthermore, insights into the key specialist's opinions have been well-thought-out to understand this market.

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The scope of our recent study titled "Snack Pellets Market Forecast to 2030 - COVID-19 Impact and Global Analysis - by Product Type and End Use," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of major market players and their key developments. The report also provides a market share analysis.

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The snack pellets market size is projected to grow from US$ 7,228.70 million in 2022 to US$ 9,935.20 million by 2030; the market is expected to register a CAGR of 4.1% from 2022 to 2030.

Snack pellets are non-expanded products made from raw materials including potato, corn, rice, tapioca, multigrain, and others. These pellets are produced dried and semi processed for easy storage and shipments. This semi processed products are sold to snack manufacturers, where they are further processed by various methods such as frying, hot air baking. The demand for snack pellets attributed to rising demand for convenience food products, and increasing adoption of advanced technologies in snack pellet manufacturing. In addition, rising trend of healthy snacking has further posed the growth opportunity for snack pellet manufacturers to develop healthy snack pellets such as multigrain based and vegetable based. All these factors are driving the snack pellets market growth.

Based on source, the snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. in 2022, the potato segment held the largest share of the snack pellets market. Potato snack pellets are used to make a popular snack from dehydrated potato flakes or potato starch. Manufacturers demand potato snack pellets as consumers prefer potato snacks due to their familiar taste, texture, and versatility in flavoring. They are a blank canvas for various seasonings and coatings, making them an ideal base for creating a wide range of flavored potato snacks. The demand for potato snack pellets is upsurging among snack manufacturers due to their widespread appeal, comfort food status, and consistent consumer demand for potato-based snacks.

The snack pellets market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest share of the market in 2022, and South & Central America is expected to register the highest CAGR during the forecast period. The snack pellets market growth in the Asia Pacific is attributed to the rising demand for convenience food, increasing adoption of advanced technologies in snack pellet manufacturing, and rising development in the food processing industry in economies such as China, India, and Indonesia. Increasing hectic lifestyles, extended work hours, and a rising number of dual-income households have contributed to the growth of packaged food such as chips and popcorn. In addition, a large young population in the country is experimenting with different snack options, contributing to the growth of the snack pellets market in the region.

The study elaborates growth rate of the SNACK PELLETS MARKET supported and analysed after exhaustive and reliable company profile analysis. The study offers an in-depth investigation, market size, share, insights, evaluation for developing segment and numerous other important market characteristic in the SNACK PELLETS MARKET industry.

The Prominent/Emerging Players in the SNACK PELLETS MARKET includes:
1. Bach Snacks SAL
2. Snack Creations Ltd
3. Balance Foods Inc
4. LENG-D'OR SAU
5. Quality Pellets AS
6. J.R. Short Milling Co
7. Le Caselle SpA
8. Mafin SRL
9. Noble Agro Food Products Pvt Ltd
10. Societe Cooperative Agricole Limagrain

The global SNACK PELLETS MARKET segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global SNACK PELLETS MARKET will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2022-2028.

SNACK PELLETS MARKET Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The report currently provides detailed insights on trends, market share, market size, market value, and trading volume. The global SNACK PELLETS MARKET report provides a comprehensive analysis of COVID-19 infections and how it has impacted market growth. This study explains the future opportunities for market participants. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory.

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Research objectives:
• To study and analyze the global SNACK PELLETS MARKET size by key regions/countries, product type and application, history data from 2018 to 2020, and forecast to 2028.
• To understand the structure of SNACK PELLETS MARKET by identifying its various sub segments.
• Focuses on the key global SNACK PELLETS MARKET players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the SNACK PELLETS MARKET with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of SNACK PELLETS MARKET submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents: SNACK PELLETS MARKET
• Part 1: Overview of SNACK PELLETS MARKET
• Part 2: SNACK PELLETS MARKET Carts: Global Market Status and Forecast by Regions
• Part 3: Global Market Status and Forecast by Types
• Part 4: Global Market Status and Forecast by Downstream Industry
• Part 5: Market Driving Factor Analysis
• Part 6: Market Competition Status by Major Manufacturers
• Part 7: Major Manufacturers Introduction and Market Data
• Part 8: Upstream and Downstream Market Analysis
• Part 9: Cost and Gross Margin Analysis
• Part 10: Marketing Status Analysis
• Part 11: Market Report Conclusion
• Part 12: SNACK PELLETS MARKET: Research Methodology and Reference

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Aniket Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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