Snack Pellets Market Drivers and Forecasts by 2030

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Snack Pellets Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Source (Potato, Corn, Rice, Tapioca, Multigrain, and Others), Type (Plain and Flavored), Form (Laminated, Die Face, Tri Dimensional, and Others), and Geography

  • Report Date : Sep 2023
  • Report Code : TIPRE00003971
  • Category : Food and Beverages
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 145

[Research Report] The snack pellets market size is projected to grow from US$ 7,228.70 million in 2022 to US$ 9,935.20 million by 2030; the market is expected to register a CAGR of 4.1% from 2022 to 2030.

Market Insights and Analyst View:

Snack pellets are non-expanded products made from raw materials including potato, corn, rice, tapioca, multigrain, and others. These pellets are produced dried and semi-processed for easy storage and shipment. These semi-processed products are sold to snack manufacturers, where they are further processed by various methods such as frying and hot air baking. The demand for snack pellets is attributed to rising demand for convenience food products and increasing adoption of advanced technologies in snack pellet manufacturing. Thud, increasing demand for snack pellets expected to drive the snack pellets market growth.

Growth Drivers and Challenges:

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 breaks 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. Thus, the rising popularity of RTE snacks among consumers and growing innovations drive the global snack pellets market. Moreover, 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. Thus, introducing twin-screw extruders, integrating 3D printing, and adopting intelligent controls and automation boost the production of a diverse range of snack pellets, fueling the global snack pellets market growth. However, fluctuations in the prices of key raw materials, such as grains and pulses, can directly impact the cost structure of snack pellet manufacturers. Since snack pellets rely heavily on these raw materials, any substantial cost increase can lead to escalated production expenses. Thus, the increased cost of production hinders the global snack pellets market growth.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Snack Pellets Market: Strategic Insights

snack-pellets-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Report Segmentation and Scope:

The “Global Snack Pellets Market” is segmented on the basis of source, type, form, and geography. Based on source, the snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. Based on type, the market is bifurcated into flavored and plain. In terms of form, the snack pellets market is segmented into laminated, die face, tri dimensional, and others. The market based on geography is segmented into North America (thee US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

Based on source, the snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. The potato segment holds a significant share of the market. The demand for potato snack pellets is upsurging among snack manufacturers due to their widespread appeal, comfort food status, and consistent consumer demand for potato-based snacks. These pellets can be fried or baked to create a crispy and tasty snack. Manufacturers demand potato snack pellets as consumers prefer potato snacks due to their familiar taste, texture, and versatility in flavoring. These factors are expected to boost the segment’s share.

Regional Analysis:

Based on geography, the snack pellets market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global snack pellets market was dominated by Asia Pacific; the market in this region was valued at US$ 3472 million in 2022. North America is the second major contributor to the market, which holds almost 25% of the global market. South & Central America is expected to register a CAGR of 5.1% in the snack pellets market during the forecast period. The snack pellets market growth in the region is attributed to the rising demand for convenience food, increasing adoption of advanced technologies in snack pellet manufacturing, and rising development in the food processing industry in economies such as China, India, and Indonesia. Increasing hectic lifestyles, extended work hours, and a rising number of dual-income households have contributed to the growth of packaged food such as chips and popcorn. These factors are expected to boost the demand for snack pellets in Asia Pacific.

Moreover, Europe is one of the most significant regions for the snack pellets market. In Europe, potato-based snack pellets are widely preferred by consumers. Additionally, corn-based snack pellets are expected to gain popularity due to the introduction of new recipes focused on corn-based ingredients. The growing consumption of convenience food and the introduction of new flavored snacks are the major factors expected to boost the demand for snack pellets in the region.

Industry Developments and Future Opportunities:

Various initiatives taken by key players operating in the snack pellets market are listed below:

  1. In September 2022, Pringles, a snack brand of Kellogg Company, launched multigrain and sweet potato crisps with non-HFSF (non-high in fat, sugar, and salt) claims. These crisps are made of wheat, barley, black beans, and sweet potato, which are great sources of fiber, protein, and good carbs and are available in innovative flavors such as Sea Salt, Smoky BBQ, Homestyle Ranch, and Farmhouse Cheddar.
  2. 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.
  3. In 2022, LENG-D'OR SAU, a Spain-based snack pellet manufacturer, announced its capacity expansion in Spain and the US to reach more than US$ 338.95 million per year.

COVID-19 Impact:

The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverage industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020 which is negatively impacted the snack pellets market.

During the COVID-19 pandemic, operations and processes were halted across the globe due to the shortage of workforce and limited supply of raw materials. However, in the wake of pandemic, the demand for healthy snacking options increased significantly as consumers focused on their health and overall wellness. Therefore, manufacturers focused on launching new products with various nutritional claims such as organic, gluten-free, high-protein, soy-free, genetically modified organisms (GMO)-free, and allergen-free. Rising this trend in pandemic positively influence the snack pellets market.

In 2021, various economies resumed operations as several governments announced relaxation in the previously imposed restrictions, which positively impacted the global marketplace. Moreover, manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap.

Snack Pellets Market Regional Insights

The regional trends and factors influencing the Snack Pellets Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Snack Pellets Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

snack-pellets-market-global-geography
  • Get the Regional Specific Data for Snack Pellets Market

Snack Pellets Market Report Scope

Report Attribute Details
Market size in 2022 US$ 7.23 Billion
Market Size by 2030 US$ 9.94 Billion
Global CAGR (2022 - 2030) 4.1%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Source
  • Potato
  • Corn
  • Rice
  • Tapioca
  • Multigrain
By Type
  • Plain and Flavored
By Form
  • Laminated
  • Die Face
  • Tri Dimensional
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • 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

  • Snack Pellets Market Players Density: Understanding Its Impact on Business Dynamics

    The Snack Pellets Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Snack Pellets Market are:

    1. Bach Snacks SAL
    2. Snack Creations Ltd
    3. Balance Foods Inc
    4. LENG-D'OR SAU
    5. Quality Pellets AS

    Disclaimer: The companies listed above are not ranked in any particular order.


    snack-pellets-market-cagr

    • Get the Snack Pellets Market top key players overview

    Competitive Landscape and Key Companies:

    A few of the prominent players operating in the global snack pellets market are 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. These market players adopt strategic development initiatives to expand, further driving the snack pellets market growth. 


    Frequently Asked Questions

    Can you list some of the major players operating in the global snack pellets market?

    The major players operating in the global snack pellets market are 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 among few others.

    What are the opportunities for snack pellets in the global market?

    The rising demand for clean-label, ethical, and sustainable snacking products is expected to open potential opportunities in the global snack pellets market.

    Based on the type, why does the plain segment have the largest revenue share?

    Based on the type, the plain segment accounted for the largest revenue share as their compatibility with traditional regional spices and seasonings. Snack manufacturers can customize the flavorings to suit their preferences, ranging from spicy, savory, and tangy to sweet, making plain snack pellets a versatile and appealing choice.

    What is the fastest growing region of the global snack pellets market?

    Increased demand for convenient and tasty snacks among the young generation has driven snack pellet manufacturing in the South & Central America. In addition, rapid urbanization and the availability of raw materials in the region have contributed to the growth of the snack pellets market.

    What are the key drivers for the growth of the global snack pellets market?

    Rising popularity of RTE snacks among population increasing adoption of advanced technologies in snack pellet manufacturing are some of the key driving factors for the snack pellets market.

    Based on the form, which is the fastest-growing segment in the snack pellets market?

    Based on form, Tri-dimensional is the fastest-growing segment in the snack pellets market. The demand for tri-dimensional snack pellets is upsurging as snack manufacturers recognize the positive impact of unique shapes on consumer engagement.

    Shejal Jamdade
    Shejal Jamdade
    Associate Vice President,
    Market Research & Consulting

    With over 12 years of experience in managing custom research projects, Shejal is a seasoned research professional with deep cross-sector expertise spanning Chemicals & Materials, Food & Beverages, Biotechnology, and Consumer Goods. She excels in end-to-end project management, advanced data modelling, and providing strategic support to clients.

    Shejal has successfully led a wide range of high-impact research engagements, consistently guiding clients through complex business challenges and enabling informed decision-making. Her ability to blend analytical rigor with industry knowledge has made her a trusted advisor for clients seeking data-driven strategies and actionable insights. Dedicated to excellence and precision, Shejal continues to play a pivotal role in transforming business objectives into research-driven outcomes.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    user

    I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

    DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
    user

    The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

    Yukihiko Adachi CEO, Deep Blue, LLC.

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Strategic Planning
    • Investment Justification
    • Identifying Emerging Markets
    • Enhancing Marketing Strategies
    • Boosting Operational Efficiency
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients

    The List of Companies - Snack Pellets Market

    1. Bach Snacks SAL
    2. Snack Creations Ltd
    3. Balance Foods Inc
    4. LENG-D'OR SAU 
    5. Quality Pellets AS
    6. J.R. Short Milling Co
    7. Le Caselle SpA 
    8. Mafin SRL
    9. Noble Agro Food Products Pvt Ltd 
    10. Societe Cooperative Agricole Limagrain
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo