Fatpos Global has released a report titled “Snack Pellets Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 3.28 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 5.2% between 2022 and 2032. According to the market research study, increasing demand for convenience foods with changing lifestyle and increasing disposable income, growing health awareness, innovation in technologies, and expansion of snack pellets manufacturing facilities will drive the market growth.
“Manufacturers are focusing on expanding snack pellets production facilities in emerging nations in order to increase their market presence, which will create new opportunities. Furthermore, growing demand for healthy snacks and adoption of innovative production technologies will accelerate the growth of Snack Pellets Market. ”, said a lead analyst at Fatpos Global.
Snack pellets are products made with corn potato, tapioca, rice, corn, multigrain, or other raw materials. They are semi-finished products which are sold to snack manufacturers who process them by hot air baking or frying and converted into ready-to eat snacks by adding different flavoring ingredients. Snack pellets have wide popularity as they have bulk density, long shelf life, stability, and are convenient to store. They are available in the form of laminated, gelatinized, tridimensional, and die-face snack pellets. Snack Pellets are produced using twin-screw extruder, and single-screw extruder technique.
Snack Pellets market is classified on the basis of type into Potato, Corn, Rice, Tapioca, Multigrain, and Others. Multigrain segment is projected to grow at the highest CAGR during the forecast period. The growth is attributed to the high nutritional value of multigrain snack pellets. These pellets have high fiber content and low fat content as they are made using various grains, hence offer various health benefits.
Some of the key players operating in the Snack Pellets Market are Calbee, Limagrain Céréales Ingrédients, BACH SNACKS SAL, Liven S.A., J.R. Short Snack Products, GRUPO MICHEL, Akkel Group, Almounajed Food Industries, LC America, Inc., Chhajed Foods Pvt. Ltd., Gustinos, Fiorentini Alimentari S.p.A., Le Caselle SPA, Noble Agro Food Products Private Limited, and Other Prominent Players.
In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Snack Pellets Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Snack Pellets market is classified on the basis of type into Potato, Corn, Rice, Tapioca, Multigrain, and Others. Snack Pellets market is classified on the basis of form into Laminated, Tridimensional, Die-face, Gelatinized. Snack Pellets market is classified on the basis of technique into Twin-screw extruders, Single-screw extruder. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
About Fatpos Global
Fatpos Global is a leading management consulting, advisory and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
For more details, reach out to us@ info@fatposglobal.com
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