According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Snack Pellets reached approximately USD 1,399.4 million at the end of 2024. Forecasts suggest the market will achieve a 5.0% compound annual growth rate (CAGR) and exceed USD 2,282.1 million in value by 2034.
Snack Pellets are a popular and trendy eatable in the market, and they are convenient for snack Pellet manufacturers since they are made from a variety of raw materials such as potato, powdered veggies, and cereals such as rice, corn, and mixed grains. It’s a semi-finished snack that can be extended using the extrusion process.
Additionally, many such products are made using healthier ingredients like whole grains, legumes, and vegetables that may appeal to health-conscious individuals. Moreover, being able to modify the method of cooking such as choosing baking instead of frying empowers customers to make healthier choices without giving up taste.
Key Takeaways from Market Study
- Due to a rise in consumption for savoury snacks in the area, European countries will lead the global Snack Pellets Market with the largest share of USD 2.04 billion in 2021.
- Majority of the businesses have moved their manufacturing operations to the Asia-Pacific area.
- With a market share of x.x%, Germany is one of the most important countries in the European Snack Pellets market.
- Multigrain reflect approximately x.x% market share, but potato snack pellets are estimated to witness a high growth rate of y.y% over the forecast period.
- COVID-19 epidemic has pushed people to eat more snacks, more frequently, thereby supporting market growth.
- Market players are experimenting with new ways to handle, package, and distribute the new generation of sustainable, healthful, and inventive foods.
“Due to consumers’ hectic lifestyles and increased taste, ingredients, and flavour, the snack pellets sector is on the rise. Increased product awareness, as well as industry-wide research and development, are critical elements in market expansion.”, –says a lead analyst at Future Market Insights.
Competitive Landscape
Snack pellets have a strongly competitive global market. Suppliers compete in areas such as innovation, price, and distribution. Companies make significant investments in R&D to improve their products and meet customer demand.
Some of the leading companies offering Snack Pellets are Quality Pellets A/S , Intersnack Group GmBH & Co., Balance Foods Inc., KG, J.R. Short Milling Company, Dalmaza Food Industries Co., and Grupo Industrial Michel.
Leading Brands
- Gopal Snacks
- Snack Creations Ltd.
- J.R. Short Snack Products
- GEA Group
- LC America, Inc.
- Palmex Evans
- Leng-d’Or
- Nature’s Fresh Pellets
- Bach Snacks SAL
- Crunchy Food FZE.
- Quality Pellets
- Almounajed Food Industries
- Noble
- Others
Key Segments of the Report
By Ingredient:
As per ingredient, the industry has been categorized into Potato, Corn, Rice, Tapioca, Mixed Grains, and Others.
By Form:
As per form, the industry has been categorized into 3D/Double Layer, Pasta Shape, Chips, Micro-Pellets, and Others.
By Technique:
This segment is further categorized into Single-screw Extruder and Twin-screw Extruder.
By Processing:
This segment is further categorized into Hot Air Expansion, and Hot Oil Frying.
By Distribution Channel:
As per distribution channel, the industry has been categorized into Food Processing Companies, Food Service and Catering Companies, and Retail Sales (Hypermarkets/ Supermarkets, Convenience Stores, Specialty Retail Stores, Wholesale Stores, Grocery Retailers, and Online Retailers Stores).
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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