Middle East & Africa Snack Pellets Market Forecast to 2030 - Regional Analysis - by Source (Potato, Corn, Rice, Tapioca, Multigrain, and Others), Type (Plain and Flavored), and Form (Laminated, Die Face, Tri Dimensional, and Others)

Description

List of Tables

The Middle East & Africa snack pellets market was valued at US$ 397.58 million in 2022 and is expected to reach US$ 577.80 million by 2030; it is estimated to grow at a CAGR of 4.8% from 2022 to 2030.

Rising Popularity of RTE Snacks Among Population Fuels the Middle East & Africa Snack Pellets Market

The surge in the consumption of high-quality convenience food owing to changing lifestyles is one of the biggest trends in the food industry. A hectic lifestyle and extended working hours drive the demand for ready-to-eat food as consumers want to save cooking time and effort. Moreover, the rising number of dual-income households in developed and developing countries also contributes to the rising demand for packaged food. Ready-to-eat (RTE) snacks are also witnessing massive demand, especially among working professionals, due to the rising snacking trend in corporations. Small coffee and snack break to relieve work stress drive the demand for RTE snacks. Light snacks such as popcorn, chips, and puffs are popular among the younger population and children.

The rising demand for RTE snacks is driving the Middle East & Africa snack pellets market. Snack manufacturers are focusing on offering snacks with innovative shapes and textures to attract a large number of consumers. For instance, in June 2022, GEA Group developed a new snack format called "Cinderella's Slippers," a snack pellet shaped like a slipper. The new format is developed to meet the challenge of dipping the snacks in the sauce without getting the fingers coated. The Cinderella Slippers snack pellet is available in three versions: Classic, Perforated, and Ribbed. Thus, the rising popularity of RTE snacks among consumers and growing innovations drive the Middle East & Africa snack pellets market.

Middle East & Africa Snack Pellets Market Overview

The Middle East & Africa snack pellets market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The region has witnessed a shift in consumers' food preferences due to the rising adoption of healthy and convenient food products. Moreover, the frozen meals, snacks & appetizers industry is growing as packaged snacks have become increasingly popular following the COVID-19 pandemic. Further, the consumers opt for frozen entrees as they consider them hygienic and easy to prepare and consume.

Frozen packaged food such as frozen entree is gaining significant traction in South Africa owing to changing consumption habits and improving consumers' lifestyles. The frozen entree manufacturers in the country are constantly taking strategic initiatives such as acquisitions, mergers, and introducing new products to maintain a competitive edge. For instance, in July 2021, South Africa-based RFG acquired Pioneer Foods' frozen foods business. Pioneer Foods owns the Today, Mama's, Big Jack, and Man's Meal brands. With this acquisition, RFG plans to diversify its offerings into retail channels. Further, the country's rapid urbanization and rising middle-class population have significantly surged the demand for convenience food. Thus, the increasing demand for frozen snacks, meals, and breakfast options in South Africa is projected to favor the snack pellets market expansion in the coming years.

Middle East & Africa Snack Pellets Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Snack Pellets Market Segmentation

The Middle East & Africa snack pellets market is segmented based on source, type, and form, and country.

Based on source, the Middle East & Africa snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. The potato segment held the largest share in 2022.

By type, the Middle East & Africa snack pellets market is bifurcated into plain and flavored. The plain segment held a larger share in 2022.

By form, the Middle East & Africa snack pellets market is segmented into laminated, die face, tri dimensional, and others. The laminated segment held the largest share in 2022.

Based on country, the Middle East & Africa snack pellets market is categorized into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa snack pellets market in 2022.

Bach Snacks SAL, Mafin SRL, Crunchy Food FZE, and Societe Cooperative Agricole Limagrain are some of the leading companies operating in the Middle East & Africa snack pellets market.

Product Code: BMIRE00029760

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. Middle East & Africa 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

5. Middle East & Africa 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 - Middle East & Africa Market Analysis

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

7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa 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 Other Market Revenue and Forecast to 2030 (US$ Million)

10. Middle East & Africa Snack Pellets Market -Country Analysis

10.1.1 Middle East & Africa Snack Pellets Market Revenue and Forecasts and Analysis - By Countries
- 10.1.1.1 Snack Pellets Market Breakdown by Country
- 10.1.1.2 South Africa Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
  - 10.1.1.2.1 South Africa Snack Pellets Market Breakdown by Source
  - 10.1.1.2.2 South Africa Snack Pellets Market Breakdown by Type
  - 10.1.1.2.3 South Africa Snack Pellets Market Breakdown by Form
- 10.1.1.3 Saudi Arabia Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
  - 10.1.1.3.1 Saudi Arabia Snack Pellets Market Breakdown by Source
  - 10.1.1.3.2 Saudi Arabia Snack Pellets Market Breakdown by Type
  - 10.1.1.3.3 Saudi Arabia Snack Pellets Market Breakdown by Form
- 10.1.1.4 UAE Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
  - 10.1.1.4.1 UAE Snack Pellets Market Breakdown by Source
  - 10.1.1.4.2 UAE Snack Pellets Market Breakdown by Type
  - 10.1.1.4.3 UAE Snack Pellets Market Breakdown by Form
- 10.1.1.5 Rest of Middle East & Africa Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
  - 10.1.1.5.1 Rest of Middle East & Africa Snack Pellets Market Breakdown by Source
  - 10.1.1.5.2 Rest of Middle East & Africa Snack Pellets Market Breakdown by Type
  - 10.1.1.5.3 Rest of Middle East & Africa Snack Pellets Market Breakdown by Form

11. Company Profiles

11.1 Bach Snacks SAL
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Mafin SRL
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Societe Cooperative Agricole Limagrain
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Crunchy Food FZE
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments

12. Appendix