The snack pellets market is characterized by its diverse applications and key features. These versatile pellets are used in snack production, offering various shapes and textures for products such as chips and extruded snacks. Their adaptability allows for customization in flavor and seasoning, appealing to a wide consumer base. Features of snack pellets include convenience in storage, longer shelf life, and ease of preparation. Additionally, they are often used as a healthier snack option, as they can be baked rather than fried, aligning with evolving consumer preferences for healthier choices.
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Data Bridge Market Research analyses that the Global Snack Pellets Market will grow at a CAGR of 5.8% during the forecast period of 2022 to 2029. Snack pellets are widely available through various retail channels, including supermarkets, convenience stores, and online platforms, contributing to market growth.
Key Findings of the Study
Customization and Innovation is expected to drive the market's growth rate
Snack pellets are prized for their remarkable versatility, enabling manufacturers to craft inventive snack offerings that cater to ever-evolving consumer tastes. They serve as a blank canvas, readily adopting a wide range of flavors, seasonings, and textures, thus allowing the creation of novel and appealing snack experiences. This adaptability aligns perfectly with the dynamic snack industry, where consumer demand for variety, excitement, and unique flavor profiles continues to drive innovation and product differentiation.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Type (Crackers, Chips, Puffs, and Others), Form (Laminated, Die Faced, Gelatinized, Punched, Die Distance, Tridimensional and Two Dimensional), Shape (Round, Oval, Ring, Triangular, Square, Star, and Others), Ingredients (Potato, Corn, Rice, Tapioca, Multigrain, and Others), Processing Method (Greasy Snack Pellet and Non-Greasy Snack Pellet), Nature (Organic and Conventional), Technique (Single-Screw Extruder and Twin-Screw Extruder), Brand (Branded and Private Label), Flavor (Plain and Flavor), Application (Household and Commercial), Distribution Channel (Direct and Indirect)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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BACH SNACKS SAL (Lebanon), Calbee (Japan), McFills Enterprises Pvt. Ltd. (India), Sibell (France), J.R. Short Snack Products (U.S.), MICHEL GROUP (Mexico), LC America, Inc. (U.S.), Almounajed Food Industries (Saudi Arabia), Chhajed Foods Pvt. Ltd. (India), Productos Alimenticios La Moderna S.A. de C.V. (Mexico), The Caselle SPA (Italy), mafin (Russia) , Noble Agro Food Products Private Limited (India) , Oriental Food Industries Sdn. Bhd. (Malaysia) , Snack Creations Ltd. (United Kingdom) ,Palmex (U.S.), VIJAY INDUSTRIES (India) , Kabir Foods (India),Universal Robina Corporation (Philippines) , JLM Global Foods (U.S.),Jo,pellets (Poland), Popchips (U.S.), Limagrain – Ingredients (France), Pol-Foods Sp. z o.o. (Poland) ,Attaybat (Jordan) ,Quality Pellets (Poland) ,Pellsnack Products GmbH (Germany), Dalmaza Food Industries Co. (Dafico) (Jordan), matarile (Spain), Nutradia (France), Crunchy Food FZE (U.A.E.), The Lorenz Bahlsen Snack-World GmbH & Co KG Germany (Germany), BFY BRANDS (U.S.), TTK (India), Intersnack Group GmbH & Co. KG (Germany), Leng-d'Or (Spain), V.AL. IN. SRL (Italy), Bag Snacks (Poland), Continental Snacks (Belgium), Roger&Roger (Sweden)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global snack pellets market is segmented into eleven notable segments based on type, form, shape, ingredients, processing method, nature, technique, brand, flavor, application, and distribution channel.
- On the basis of type, the global snack pellets market is segmented into crackers, chips, puffs, and others. In 2022, the chips segment is expected to dominate the snack pellets market with a CAGR of 6.3% during the forecast period of 2022 to 2029. This popularity is driven by consumer preferences for crispy and savory snacks.
In 2022, the chips segment of the type segment is anticipated to dominate the snack pellets market
The chips segment is expected to dominate the snack pellets market with a CAGR of 6.3% during the forecast period of 2022 to 2029. This popularity is driven by consumer preferences for crispy and savory snacks. Snack pellets provide a versatile base for creating various chip varieties, meeting the demand for a wide range of flavors and textures in the chip category.
- On the basis of form, the global snack pellets market is segmented into laminated, die-faced, gelatinized, punched, die distance, tridimensional, and two-dimensional. In 2022, the tridimensional is expected to dominate the snack pellets market with a CAGR of 7.3 with a CAGR of 7.3% during the forecast period of 2022 to 2029. This trend is driven by the consumer demand for unique and visually appealing snack experiences
In 2022, the tridimensional segment of form segment is anticipated to dominate the snack pellets market
The tridimensional aspect is expected to take the lead in the snack pellets market with a CAGR of 7.3% during the forecast period of 2022 to 2029. This trend is driven by the consumer demand for unique and visually appealing snack experiences. Tridimensional snack pellets offer innovative shapes and textures, enhancing the overall snacking experience and catering to the growing desire for novel and engaging snack options.
- On the basis of shape, the global snack pellets market is segmented into round, oval, ring, triangular, square, star, and others. In 2022, the oval shape is expected to lead the snack pellets market with a CAGR of 7.4% during the forecast period of 2022 to 2029. Ovals provide a classic and versatile form that appeals to a broad consumer base. Their simplicity and adaptability make them a preferred choice for snack manufacturers, aligning with the timeless appeal of traditional snacks while allowing for creative flavor variations and product innovations.
- On the basis of ingredients, the global snack pellets market is segmented into the potato, corn, rice, tapioca, multigrain, and others. In 2022, Multigrain snack pellets are projected to dominate the market with a CAGR of 6.7% during the forecast period of 2022 to 2029 due to increasing consumer emphasis on health-conscious snacking. These pellets offer a blend of grains, delivering a nutritious and flavorful snacking option
- On the basis of the processing method, the global snack pellets market is segmented into greasy snack pellets and non-greasy snack pellets. In 2022, the greasy snack pellets is expected to dominate the market with a CAGR of 5.9% during the forecast period of 2022 to 2029 is driven by the enduring popularity of indulgent, savory snacks. Their satisfying, rich flavors and textures continue to resonate with consumers.
- On the basis of nature, the global snack pellets market is segmented into organic and conventional. In 2022, the conventional variety is expected to dominate the snack pellets market with a CAGR of 5.7% during the forecast period of 2022 to 2029. It offers a familiar, traditional snacking experience, appealing to consumers who prefer classic flavors and textures in their snacks.
- On the basis of technique, the global snack pellets market is segmented into single-screw extruder and twin-screw extruders. In 2022, single-screw extruder is expected to dominate the snack pellets market with a CAGR of 5.6% during the forecast period of 2022 to 2029 is attributed to their efficiency and versatility in pellet production. It offers cost-effective and flexible manufacturing solutions for snack manufacturers.
- On the basis of brand, the global snack pellets market is segmented into branded and private label. In 2022, the branded segment is expected to dominate the snack pellets market with a CAGR of 5.7% during the forecast period of 2022 to 2029 driven by consumer loyalty and recognition. Established brands have a strong market presence and consumer trust, contributing to their leadership
- On the basis of flavor, the global snack pellets market is segmented into plain and flavor. In 2022, the flavor segment is expected to dominate the snack pellets market with a CAGR of 6.1% during the forecast period of 2022 to 2029 due to consumers' desire for diverse and enticing taste experiences. Innovative flavors drive consumer preference and product differentiation in the market.
- On the basis of application, the global snack pellets market is segmented into household and commercial. In 2022, the commercial segment is expected to dominate the snack pellets market with a CAGR of 6.0% during the forecast period of 2022 to 2029. This is driven by the extensive demand for snack pellets in the commercial food industry, including restaurants, cafes, and foodservice establishments.
- On the basis of distribution channels, the global snack pellets market is segmented into direct and indirect. In 2022, the indirect segment is expected to dominate the snack pellets market with a CAGR of 5.7% during the forecast period of 2022 to 2029. This is driven by the significant role of intermediaries, such as distributors and wholesalers, in efficiently delivering snack pellets to various markets and retailers.
Major Players
Data Bridge Market Research recognizes the following companies as the major global snack pellets market players in global snack pellets market are BACH SNACKS SAL (Lebanon), Calbee (Japan), McFills Enterprises Pvt. Ltd. (India), Sibell (France), J.R. Short Snack Products (U.S.), MICHEL GROUP (Mexico), LC America, Inc. (U.S.), Almounajed Food Industries (Saudi Arabia), Chhajed Foods Pvt. Ltd. (India), Productos Alimenticios La Moderna S.A. de C.V. (Mexico), The Caselle SPA (Italy), mafin (Russia) , Noble Agro Food Products Private Limited (India) , Oriental Food Industries Sdn. Bhd. (Malaysia).
Market Developments
- In 2023, McCain Foods unveiled plans to transition the boiler at its Timaru mill in New Zealand from coal to woodchips as part of its sustainability efforts. This initiative is expected to yield a substantial reduction of around 30,000 tonnes in the mill's annual CO2 emissions, underscoring the company's commitment to environmental responsibility and carbon footprint reduction.
- In 2022, researchers at the University of Nottingham, UK, introduced an innovative potato-based snack pellet infused with fresh Allium-genus vegetables. These pellets offer several benefits compared to conventional ones, notably a reduced lipid content. This development showcases a novel approach to snack pellet production, emphasizing healthier snack options with the inclusion of nutrient-rich vegetables.
- Limagrain Céréales Ingrédients, a global player in cereal ingredients, has announced its acquisition of 100% of Unicorn Grain Specialities, a significant move to strengthen its position in the cereal-based ingredients market. This strategic agreement will expand Limagrain's product portfolio and market reach. Unicorn Grain Specialities' expertise in developing innovative cereal ingredients aligns with Limagrain's growth objectives, enabling them to offer a broader range of high-quality products to meet evolving consumer demands.
Regional Analysis
Geographically, the countries covered in the major global snack pellets market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
North America is expected to dominate the global snack pellets market during the forecast period 2022 - 2029
North America is poised to assert dominance in the snack pellets market in the forecast period. The region's robust growth is driven by an increasing consumer preference for ready-to-eat snacks, which serve as convenient meal replacements in today's fast-paced lifestyles. These versatile and flavorful snack pellets cater to the demand for quick, on-the-go nourishment. As this trend continues to gain momentum, North America remains at the forefront of the global snack pellets market, further solidifying its position.
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