Snack Pellets Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Snack Pellets Market

The global snack pellets market size is estimated to be worth US$ 6601.6 million in 2022 and is projected to reach US$ 8068.1 million by 2028 with a CAGR of 3.4% during the forecast period. Key drivers of the snack pellets market include the growing interest of consumers towards ready-to-eat convenience food products and health-conscious habits.
Moreover, the easy availability of raw materials and continuous innovations by key market players will drive the growth of the snack pellets market during the forecast period.
The popularity of extruded snacks is rising rapidly which will create lucrative opportunities for the growth of the market in the coming years.

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Report Scope
The rising industrialization has led to busier lifestyles for consumers. They want snacks that are ready to eat, convenient, and high on nutritional value. Snack pellets are enough to satisfy a craving or hold until the next big meal. Moreover, health-conscious consumers want snacks that are tasty, non-oily, and provide nutrition on the go. Snack pellets are made using corn, potato, rice, multigrain products which have less oil absorption. The hot air expansion technique prevents the formation of acrylamide which is harmful to the heart. Further, these pellets are low in sodium, carbohydrates and are gluten-free. Thus growing interest among consumers and increasing health-conscious habits have driven the demand for snack pellets thereby driving the growth of the snack pellets market during the forecast period.

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Segment by Type
• Potato Based
• Corn Based
• Rice Based
• Tapioca Based
• Multigrain Based

Segment by Application
• Commercial
• Household

By Companies
• LIVEN SA
• Noble Agro Food Products
• Mafin
• Tri-Snax
• Quality Pellets A/S
• SUNDLINGS
• Valin
• Chhajed Foods Pvt. Ltd.
• Foodlink
• Le Caselle
• Leng D'or

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This release was published on openPR.