Snack Pellets Market Forecast 2024 to 2032
The Snack Pellets Market was valued at USD 1.88 Billion in 2022 and is expected to register CAGR of 5.2%by 2032.
Snack pellets are intermediate non-expanded products made with raw materials that include cereals, potatoes or vegetable powders. These semi-finished products are generally sold to snack manufacturers who then process them, using different methods (frying, hot air baking, etc.) Snack pellets offer a convenient snacking solution. for brands and manufacturers.
Report Overview – Market Insights + Recent Update + Segmentation
The Snack Pellets Market was valued at USD 1.88 Billion in 2022 and is expected to register CAGR of 5.2%by 2032. The growth of the snack pellets market is driven by the rising demand for prepared and convenience food products. In addition to this, the growing focus on facility expansion, marketing schemes, and information exchange programs for creating awareness to enhance the consumption of snack pellets has contributed to the growth of the market.
The Snack Pellets Market is segmented by By Type (Potato, Corn, Rice, Tapioca), By Form (Laminated, Tri dimensional, Die-Face), By Flavour (Plain, Flavoured, Nutritional)
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Report Coverage:
By Type | Potato |
Corn | |
Rice | |
Tapioca | |
By Form | Laminated |
Tridimensional | |
Die-Face | |
By Flavour | Plain |
Flavored | |
Nutritional | |
By Region | North America |
Latin America | |
Western Europe | |
Eastern Europe | |
Middle East & Africa | |
Asia Pacific | |
Report Base Year | 2022 |
Report Forecast Year | Upto 2032 |
Historical Data | 2018-2022 |
Qualitative Info | Value Chain Analysis |
Pricing Analysis | |
Regional Outlook | |
Market Trends | |
Market Share Analysis | |
Competition Analysis | |
Technological Advancements |
High acrylamide content in snack foods is restraining growth of the market-
Snack pellets are further processed for consumption by frying or through the hot air expansion process. A critical issue faced by the snack pellets industry is the formation of acrylamide during frying. The asparagine and glucose present in the food form acrylamide when reacted in temperatures above 248°F. Acrylamide, when consumed in excess, can be carcinogenic and also affects the taste of the snack pellets. The presence of acrylamide has negatively impacted the growth of potato-based snack pellets.
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Key Questions Addressed in the Report Include:
Which market segments are generating the most revenue?
What is the geographical outlook for various market segments?
Where are the future investment opportunities considering the recent trends?
What is the effect of various market dynamics on the market and how will the market shape in future?Which are Potential & niche segments and regions exhibiting promising growth?
What are the current challenges in Snack pellets market?
Who are the major players in the Snack pellets Market and what does market share analysis looks like?
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