Global Snack Pellets Market accounted for US$ 2.14 billion in 2020 and is estimated to be US$ 3.62 billion by 2030 and is anticipated to register a CAGR of 5.4%. Pellets are the most versatile semi-finished ingredient in the snack industry. Snack pellets are a sort of non-expanded food manufactured from ingredients including vegetable powders, grains, and potatoes. Various processes, such as frying and hot air baking, are used to process these semi-finished items. To make ready-to-eat snacks, various flavors are added to these items. Pellet snacks are dried and semi-processed for convenient storage and shipment, then expanded, seasoned, and packed in a second phase. The presence of gelatinized or partially gelatinized starch in their matrix explains their unusual capacity to expand.
The report " Global Snack Pellets Market, By Type (Potato, Corn, Rice, Tapioca, and Multigrain), By Form (Laminated, Tridimensional, Die-face, and Gelatinized), By Technique (Twin-screw extruder and Single-screw extruder), By Flavor (Plain, Flavored, and Nutritional), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
- Unicorn Grain Specialties has agreed to sell all of its shares to Limagrain Céréales Ingrédients (the Netherlands). Limagrain's significant foothold in Northern Europe, particularly in the pulses and cereals market, would be bolstered by this arrangement. It would also supply specialised ingredients to businesses including breakfast cereals, baking, snacking, animal nutrition, and nutrition markets.
Analyst View:
The global snack pallets market is now being driven by the increased demand for convenience foods from industrialized countries. Furthermore, rising innovation in the food extrusion process is projected to drive the target market's growth in the near future. However, high levels of acrylamide in snack foods, as well as rising health concerns as a result of increased consumption of processed foods, are projected to limit the worldwide snack pellets market's growth during the forecast period. Over the projection period, Asia-Pacific markets are expected to rise at a high rate. This expansion can be attributable to increased production as well as exports of snacking pallets to the region's developed countries.
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Key Market Insights from the report:
Global Snack Pellets Market accounted for US$ 2.14 billion in 2020 and is estimated to be US$ 3.62 billion by 2030 and is anticipated to register a CAGR of 5.4%. Global Snack Pellets is segmented into type, form, technique, flavor and region.
- Based on Type, the Global Snack Pellets Market is segmented into Potato, Corn, Rice, Tapioca, and Multigrain.
- Based on Form, the Global Snack Pellets Market is segmented into Laminated, Tridimensional, Die-face, and Gelatinized.
- Based on Technique, the Global Snack Pellets Market is segmented into Twin-screw extruder and Single-screw extruder.
- Based on Flavor, the Global Snack Pellets Market is segmented into Plain, Flavored, and Nutritional.
- By Region, the Global Snack Pellets Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Snack Pellets Market:
The key players in the global Snack Pellets Market includes Limagrain Céréales Ingrédients, Liven S.A., Grupo Michel, Leng-D’or, Pellsnack Products, J. R. Short Milling Pasta, Noble Agro Food, Bach Snacks, Mafin, LE Caselle, and Van Marcke Foods.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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