Snack Pellets Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Potato, Corn, Rice, Multi-Grain, Others), By Form (Laminated, Tridimensional , Gelatinized , Die- Face), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2019 To 2024

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. Snack pellets are preferred by the majority of consumers due to their long shelf life and stability. Rising demand for prepared and convenience foods and expanding retail sector in 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 widens 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 a strong food processing industry and increasing demand for prepared and convenient food by consumers in the region.     

DRIVERS

Expanding food retail industry

Increasing demand for prepared and convenience foods.

RESTRAINTS

Health concerns are 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

Frequently Asked Questions (FAQs)

Q1. What will be the snack pellets market size by 2024?
A1. The snack pellets market is projected to reach a total market size of US$8.432 billion in 2024. 

Q2. What are the growth prospects for the snack pellets market?
A2. The global snack pellets market is projected to grow at a CAGR of 4.45% over the forecast period. 

Q3. What is the size of the global snack pellets market?
A3. Snack Pellets Market was valued at US$6.493 billion in 2018. 

Q4. Who are the major players in the snack pellets market?
A4. 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.  

Q5. What factors are anticipated to drive the snack pellets market growth?
A5. Rising demand for prepared and convenience foods and expanding the retail sector in the developing economies are expected to drive the snack pellets market during the forecast period.