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Snack Pellets Market Trends

Report ID: GMI7304
Published Date: Nov 2023
Report Format: PDF

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Snack Pellets Market Trends

The industry is experincing a surge in the adoption of advanced technologies and innovative production methods, leading to the development of customized and value-added snack pellet products. Manufacturers are increasingly investing in research and development to create snack pellets with enhanced textures, shapes, and nutritional profiles, thereby offering consumers a diverse range of snacking options.

Furthermore, the rising popularity of plant-based and protein-enriched snack pellets is another significant trend within the market, reflecting the increasing consumer shift towards sustainable and protein-rich diets. This trend aligns with the growing emphasis on environmentally friendly practices and the rising demand for plant-based snack alternatives.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of snack pellets reached USD 2.2 billion in 2022 and is poised to surpass USD 3.4 billion by the end of 2032, says this GMI report.

Potato based snack pellets segment was valued at USD 0.73 billion in 2022, as they are often utilized in the production of various savory and flavored snacks.

Asia Pacific market size held over USD 0.76 billion in 2022, due to the increasing population, rapid urbanization, and changing consumer lifestyles across the region.

Bach Snacks, Liven S.A., Noble Agro Food, J.R. Short Milling, Pasta Foods Ltd., Grupo Michel, Leng d’Or S.A., Pellsnack products, Van Marcke Foods, Mafin, Quality Pellets, Le Caselle SpA, Snack Creations, and Gopal Namkeen.