Snack Pellets Market Size and Forecasts, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Source, Type, Form, and Geography

List of Tables

The snack pellets market size is projected to grow from US$ 7.22 billion in 2022 to US$ 9.93 billion by 2030; the market is expected to register a CAGR of 4.1% from 2022 to 2030.

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. 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. Extrusion technology, a crucial process in snack pellet production, has evolved, enabling manufacturers to create diverse snack products with improved quality, texture, and taste. These technological advancements have increased production efficiency and facilitated the creation of innovative and appealing snack options, catering to the changing preferences of consumers.

Snack pellet manufacturers are focusing on developing innovative products with clean, all-natural, organic, and genetically modified organisms (GMO)-free ingredients that are ethically sourced. Consumers also focus on the wellness of the farmers and workers across the supply chain and favor products with transparent labels. Therefore, snack pellet manufacturers focus on procuring raw materials certified by agencies like Fairtrade. Fairtrade-certified raw materials ensure that farmers and workers are given fair compensation and treatment. Thus, the rising demand for clean-label, ethical, and sustainable snacking products is expected to open potential opportunities in the global snack pellets market over the coming years.

Based on type, the snack pellets market is segmented into plain and flavored. The plain segment accounted for the largest share of the snack pellets market in 2022. The demand for plain snack pellets is upsurging across the MENA region due to their neutral flavor and versatile nature. These snack pellets serve as a blank canvas, allowing snack manufacturers to add a wide range of flavors, appealing to the diverse tastes of the local population. One key factor driving the popularity of plain snack pellets is their compatibility with traditional regional spices and seasonings. The rich culinary heritage globally encompasses an array of aromatic and flavorful ingredients, and plain snack pellets provide an excellent base to showcase these tastes. These factors propel the segment's growth.

Geographically, the snack pellets market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2022, Asia Pacific held the largest share of the snack pellets market, and South & Central America is estimated to register the highest CAGR over the forecast period. In South & Central America, the market growth in the region is attributed to increasing consumption of on-the-go food products, changing lifestyles, and increasing working women population. Increased demand for convenient and tasty snacks among the young generation has driven snack pellet manufacturing in the region. In addition, rapid urbanization, and the availability of raw materials in the region have contributed to the growth of the snack pellets market. Peru is one of the largest potato producers in the region, which helps manufacturers minimize the cost of products. According to the Food and Agriculture Organization (FAO), Peru produced 5,661.44 kilo metric ton of potatoes in 2021. Thus, the easy availability of raw materials such as potatoes has provided significant opportunities for the snack pellets market in the country. These factors are expected to boost the demand for snack pellets and projected to drive the snack pellets market growth in the region.

Bach Snacks SAL, Snack Creations Ltd, Balance Foods Inc, LENG-D'OR SAU, Quality Pellets AS, J.R. Short Milling Co, Le Caselle SpA, Mafin SRL, Noble Agro Food Products Pvt Ltd, and Societe Cooperative Agricole Limagrain are among the key players operating in the snack pellets market. These companies offer a wide range of products for the snack pellets market. The huge presence of these companies across the globe is likely to provide them a growth opportunity to serve a large customer base and increase the market share. These market players are highly focused on developing innovative products to serve their customers better.

The overall snack pellets market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs; business development managers; market intelligence managers; national sales managers; and external consultants, including valuation experts, research analysts, and key opinion leaders, specializing in the snack pellets market.

Reasons to Buy:

Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the snack pellets market, thereby allowing players to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Product Code: TIPRE00003971

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Snack Pellets Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.1 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 List of Vendors

5. Snack Pellets Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Rising Popularity of RTE Snacks Among Population
- 5.1.1 Increasing Adoption of Advanced Technologies in Snack Pellet Manufacturing
5.2 Market Restraints
- 5.2.1 Growing Production Cost
5.3 Market Opportunities
- 5.3.1 Rising Demand for Clean-Label, Sustainable, and Ethical Products
5.4 Future Trends
- 5.4.1 Rising Trend of Healthy Snacking
5.5 Impact of Drivers and Restraints:

6. Snack Pellets Market - Global Market Analysis

6.1 Snack Pellets Market Revenue (US$ Million), 2020 - 2030
6.2 Snack Pellets Market Forecast and Analysis

7. Snack Pellets Market Analysis - Source

7.1 Potato
- 7.1.1 Overview
- 7.1.2 Potato Market Revenue and Forecast to 2030 (US$ Million)
7.2 Corn
- 7.2.1 Overview
- 7.2.2 Corn Market Revenue and Forecast to 2030 (US$ Million)
7.3 Rice
- 7.3.1 Overview
- 7.3.2 Rice Market Revenue and Forecast to 2030 (US$ Million)
7.4 Tapioca
- 7.4.1 Overview
- 7.4.2 Tapioca Market Revenue and Forecast to 2030 (US$ Million)
7.5 Multigrain
- 7.5.1 Overview
- 7.5.2 Multigrain Market Revenue and Forecast to 2030 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)

8. Snack Pellets Market Analysis - Type

8.1 Plain
- 8.1.1 Overview
- 8.1.2 Plain Market Revenue and Forecast to 2030 (US$ Million)
8.2 Flavored
- 8.2.1 Overview
- 8.2.2 Flavored Market Revenue and Forecast to 2030 (US$ Million)

9. Snack Pellets Market Analysis - Form

9.1 Laminated
- 9.1.1 Overview
- 9.1.2 Laminated Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Die Face
- 9.2.1 Overview
- 9.2.2 Die Face Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Tri Dimensional
- 9.3.1 Overview
- 9.3.2 Tri Dimensional Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Others
- 9.4.1 Overview
- 9.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

10. Snack Pellets Market - Geographical Analysis

10.1 North America
- 10.1.1 North America Snack Pellets Market Overview
- 10.1.2 North America Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.3 North America Snack Pellets Market Breakdown by Source
  - 10.1.3.1 North America Snack Pellets Market Revenue and Forecasts and Analysis - By Source
- 10.1.4 North America Snack Pellets Market Breakdown by Type
  - 10.1.4.1 North America Snack Pellets Market Revenue and Forecasts and Analysis - By Type
- 10.1.5 North America Snack Pellets Market Breakdown by Form
  - 10.1.5.1 North America Snack Pellets Market Revenue and Forecasts and Analysis - By Form
- 10.1.6 North America Snack Pellets Market Revenue and Forecasts and Analysis - By Countries
  - 10.1.6.1 Snack pellets market Breakdown by Country
  - 10.1.6.2 US Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.2.1 US Snack Pellets Market Breakdown by Source
    - 10.1.6.2.2 US Snack Pellets Market Breakdown by Type
    - 10.1.6.2.3 US Snack Pellets Market Breakdown by Form
  - 10.1.6.3 Canada Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.3.1 Canada Snack Pellets Market Breakdown by Source
    - 10.1.6.3.2 Canada Snack Pellets Market Breakdown by Type
    - 10.1.6.3.3 Canada Snack Pellets Market Breakdown by Form
  - 10.1.6.4 Mexico Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.4.1 Mexico Snack Pellets Market Breakdown by Source
    - 10.1.6.4.2 Mexico Snack Pellets Market Breakdown by Type
    - 10.1.6.4.3 Mexico Snack Pellets Market Breakdown by Form
10.2 Europe
- 10.2.1 Europe Snack Pellets Market Overview
- 10.2.2 Europe Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.3 Europe Snack Pellets Market Breakdown by Source
  - 10.2.3.1 Europe Snack Pellets Market Revenue and Forecasts and Analysis - By Source
- 10.2.4 Europe Snack Pellets Market Breakdown by Type
  - 10.2.4.1 Europe Snack Pellets Market Revenue and Forecasts and Analysis - By Type
- 10.2.5 Europe Snack Pellets Market Breakdown by Form
  - 10.2.5.1 Europe Snack Pellets Market Revenue and Forecasts and Analysis - By Form
- 10.2.6 Europe Snack Pellets Market Revenue and Forecasts and Analysis - By Countries
  - 10.2.6.1 Snack pellets market Breakdown by Country
  - 10.2.6.2 Germany Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.2.1 Germany Snack Pellets Market Breakdown by Source
    - 10.2.6.2.2 Germany Snack Pellets Market Breakdown by Type
    - 10.2.6.2.3 Germany Snack Pellets Market Breakdown by Form
  - 10.2.6.3 France Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.3.1 France Snack Pellets Market Breakdown by Source
    - 10.2.6.3.2 France Snack Pellets Market Breakdown by Type
    - 10.2.6.3.3 France Snack Pellets Market Breakdown by Form
  - 10.2.6.4 Italy Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.4.1 Italy Snack Pellets Market Breakdown by Source
    - 10.2.6.4.2 Italy Snack Pellets Market Breakdown by Type
    - 10.2.6.4.3 Italy Snack Pellets Market Breakdown by Form
  - 10.2.6.5 UK Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.5.1 UK Snack Pellets Market Breakdown by Source
    - 10.2.6.5.2 UK Snack Pellets Market Breakdown by Type
    - 10.2.6.5.3 UK Snack Pellets Market Breakdown by Form
  - 10.2.6.6 Russia Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.6.1 Russia Snack Pellets Market Breakdown by Source
    - 10.2.6.6.2 Russia Snack Pellets Market Breakdown by Type
    - 10.2.6.6.3 Russia Snack Pellets Market Breakdown by Form
  - 10.2.6.7 Rest of Europe Snack Pellets Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.7.1 Rest of Europe Snack Pellets Market Breakdown by Source
    - 10.2.6.7.2 Rest of Europe Snack Pellets Market Breakdown by Type
    - 10.2.6.7.3 Rest of Europe Snack Pellets Market Breakdown by Form
10.3 Asia Pacific Snack Pellets Market
- 10.3.1 Overview
- 10.3.2 Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.3 Asia Pacific Snack Pellets Market Breakdown by Source
  - 10.3.3.1 Asia Pacific Snack Pellets Market Revenue and Forecasts and Analysis - By Source
- 10.3.4 Asia Pacific Snack Pellets Market Breakdown by Type
  - 10.3.4.1 Asia Pacific Snack Pellets Market Revenue and Forecasts and Analysis - By Type
- 10.3.5 Asia Pacific Snack Pellets Market Breakdown by Form
  - 10.3.5.1 Asia Pacific Snack Pellets Market Revenue and Forecasts and Analysis - By Form
- 10.3.6 Asia Pacific Snack Pellets Market Breakdown by Country
  - 10.3.6.1 Snack pellets market Breakdown by Country
  - 10.3.6.2 Australia Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.2.1 Australia Snack Pellets Market Breakdown by Source
    - 10.3.6.2.2 Australia Snack Pellets Market Breakdown by Type
    - 10.3.6.2.3 Australia Snack Pellets Market Breakdown by Form
  - 10.3.6.3 China Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.3.1 China Snack Pellets Market Breakdown by Source
    - 10.3.6.3.2 China Snack Pellets Market Breakdown by Type
    - 10.3.6.3.3 China Snack Pellets Market Breakdown by Form
  - 10.3.6.4 India Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.4.1 India Snack Pellets Market Breakdown by Source
    - 10.3.6.4.2 India Snack Pellets Market Breakdown by Type
    - 10.3.6.4.3 India Snack Pellets Market Breakdown by Form
  - 10.3.6.5 Japan Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.5.1 Japan Snack Pellets Market Breakdown by Source
    - 10.3.6.5.2 Japan Snack Pellets Market Breakdown by Type
    - 10.3.6.5.3 Japan Snack Pellets Market Breakdown by Form
  - 10.3.6.6 South Korea Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.6.1 South Korea Snack Pellets Market Breakdown by Source
    - 10.3.6.6.2 South Korea Snack Pellets Market Breakdown by Type
    - 10.3.6.6.3 South Korea Snack Pellets Market Breakdown by Form
  - 10.3.6.7 Rest of Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.7.1 Rest of Asia Pacific Snack Pellets Market Breakdown by Source
    - 10.3.6.7.2 Rest of Asia Pacific Snack Pellets Market Breakdown by Type
    - 10.3.6.7.3 Rest of Asia Pacific Snack Pellets Market Breakdown by Form
10.4 Middle East & Africa
- 10.4.1 Middle East & Africa Snack Pellets Market Overview
- 10.4.2 Middle East & Africa Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.3 Middle East & Africa Snack Pellets Market Breakdown by Source
  - 10.4.3.1 Middle East & Africa Snack Pellets Market and Forecasts and Analysis - By Source
- 10.4.4 Middle East & Africa Snack Pellets Market Breakdown by Type
  - 10.4.4.1 Middle East & Africa Snack Pellets Market and Forecasts and Analysis - By Type
- 10.4.5 Middle East & Africa Snack Pellets Market Breakdown by Form
  - 10.4.5.1 Middle East & Africa Snack Pellets Market and Forecasts and Analysis - By Form
- 10.4.6 Middle East & Africa Snack Pellets Market Revenue and Forecasts and Analysis - By Countries
  - 10.4.6.1 Snack Pellets Market Breakdown by Country
  - 10.4.6.2 South Africa Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.4.6.2.1 South Africa Snack Pellets Market Breakdown by Source
    - 10.4.6.2.2 South Africa Snack Pellets Market Breakdown by Type
    - 10.4.6.2.3 South Africa Snack Pellets Market Breakdown by Form
  - 10.4.6.3 Saudi Arabia Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.4.6.3.1 Saudi Arabia Snack Pellets Market Breakdown by Source
    - 10.4.6.3.2 Saudi Arabia Snack Pellets Market Breakdown by Type
    - 10.4.6.3.3 Saudi Arabia Snack Pellets Market Breakdown by Form
  - 10.4.6.4 UAE Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.4.6.4.1 UAE Snack Pellets Market Breakdown by Source
    - 10.4.6.4.2 UAE Snack Pellets Market Breakdown by Type
    - 10.4.6.4.3 UAE Snack Pellets Market Breakdown by Form
  - 10.4.6.5 Rest of Middle East & Africa Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.4.6.5.1 Rest of Middle East & Africa Snack Pellets Market Breakdown by Source
    - 10.4.6.5.2 Rest of Middle East & Africa Snack Pellets Market Breakdown by Type
    - 10.4.6.5.3 Rest of Middle East & Africa Snack Pellets Market Breakdown by Form
10.5 South & Central America
- 10.5.1 South & Central America Snack Pellets Market Overview
- 10.5.2 South & Central America Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5.3 South & Central America Snack Pellets Market Breakdown by Source
  - 10.5.3.1 South & Central America Snack Pellets Market and Forecasts and Analysis - By Source
- 10.5.4 South & Central America Snack Pellets Market Breakdown by Type
  - 10.5.4.1 South & Central America Snack Pellets Market Revenue and Forecasts and Analysis - By Type
- 10.5.5 South & Central America Snack Pellets Market Breakdown by Form
  - 10.5.5.1 South & Central America Snack Pellets Market Revenue and Forecasts and Analysis - By Form
- 10.5.6 South & Central America Snack Pellets Market Revenue and Forecasts and Analysis - By Countries
  - 10.5.6.1 Snack Pellets Market Breakdown by Country
  - 10.5.6.2 Brazil Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.5.6.2.1 Brazil Snack Pellets Market Breakdown by Source
    - 10.5.6.2.2 Brazil Snack Pellets Market Breakdown by Type
    - 10.5.6.2.3 Brazil Snack Pellets Market Breakdown by Form
  - 10.5.6.3 Argentina Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.5.6.3.1 Argentina Snack Pellets Market Breakdown by Source
    - 10.5.6.3.2 Argentina Snack Pellets Market Breakdown by Type
    - 10.5.6.3.3 Argentina Snack Pellets Market Breakdown by Form
  - 10.5.6.4 Rest of South & Central America Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.5.6.4.1 Rest of South & Central America Snack Pellets Market Breakdown by Source
    - 10.5.6.4.2 Rest of South & Central America Snack Pellets Market Breakdown by Type
    - 10.5.6.4.3 Rest of South & Central America Snack Pellets Market Breakdown by Form

11. Snack Pellets Market - Impact of COVID-19 Pandemic

11.1 Pre & Post COVID-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration

13. Company Profiles

13.1 Bach Snacks SAL
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Snack Creations Ltd
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Balance Foods Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 LENG-D'OR SAU
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Quality Pellets AS
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 JR Short Milling Co
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Le Caselle SpA
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Mafin SRL
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Noble Agro Food Products Pvt Ltd
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Societe Cooperative Agricole Limagrain
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix