Global Snack Pellets Market, By 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) – Industry Trends and Forecast to 2029
Market Analysis and Insights
Increased consumption of packaged foods due to busy lifestyles coupled with rising demand for savory snacks is expected to drive the market growth of the global snack pellets market over the forecast period. 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.
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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 Year
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2020 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By 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, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, New Zealand, Vietnam, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and Rest of the Middle East and Africa
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Market Players Covered
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BACH SNACKS SAL, Calbee, McFills Enterprises Pvt. Ltd., Sibell, J.R. Short Snack Products, GRUPO MICHEL, LC America, Inc., Akkel Group., Almounajed Food Industries, Chhajed Foods Pvt. Ltd, Fiorentini Alimentari S.p.A., Gustinos, Jednosc Sp. z o. o, Productos Alimenticios La Moderna S.A. de C.V., Le Caselle SPA, mafin, Noble Agro Food Products Private Limited, Oriental Food Industries Sdn. Bhd., Snack Creations Ltd., Palmex, SOLINO GROUP, VIJAY INDUSTRIES, Kabir Foods, Universal Robina Corporation, JLM Global Foods, Jopellets, Popchips, Limagrain – Ingrédients, Pol-Foods Sp. Z O.O., Al-Qasrawi, Attaybat, Quality Pellets, Pellsnack Products GmbH, Dalmaza Food Industries Co. (Dafico), matarile, Nutradia, Crunchy Food FZE, The Lorenz Bahlsen Snack-World GmbH & Co KG Germany, BFY BRANDS, TTK, Intersnack Group GmbH & Co. KG, Leng-d'Or, V.AL.IN. SRL, YUPI SAS, Bag Snacks, GUANGDONG YUSHENG FOOD INDUSTRIES CO., LTD., VMF (Van Marcke Foods) Continental Snacks, Roger&Roger, among others
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Market Definition
Snack pellets are a semi-finished ingredient which means that once produced by manufacturers, they are ready for the customers to manufacture into their finished innovative products. Snack pellets are a versatile, innovative way to disrupt the snacking category. There are many benefits for snack brands to consider pellets within their portfolio. Air-popped/ zero oil new and on-trend bases can be used. Snack pellets can also work without seasoning. Snack pellets hold flavor well. These include various types, flavors, and shapes.
Global Snack Pellets Market Dynamics
Drivers
- Increased consumption of packaged foods due to a busy lifestyle
Increased consumption of packaged food is likely to drive the growth of the global snack pellets market in the forecast period. Apart from this, consumers' inclination toward healthy food products is expected to accelerate the demand for cereal-based snack pellets, which is also helping the market to grow in the coming years. To ensure this, the snack pellet manufacturers are focusing on the production of healthy snacks, which are high in nutrition content.
- Increase in demand for savory snacks
Increasing demand for convenient food products with easy availability and low cost is one of the major reasons for the high demand for savory snacks such as chips, and crackers, among others.
Snacking between meals has witnessed an upsurge among consumers of all age groups. In addition, consumers are also demanding healthy snacks that combine nutrition and convenience.
- Increasing replacement of meals with healthy snacks
A snack is generally defined as any food eaten between main meals. Many people snack at least once during the course of a day, and there are several reasons why consumers prefer snacking as they experience a dip in energy levels that a small bite can remedy. Also, they look forward to experiencing the taste of certain snack foods.
Opportunities
- The emergence of healthy snack pellets
Healthy snacking is no longer a short-lived trend as it has become essential for consumers owing to increased health awareness. To meet the strong consumer expectations and demands, manufacturers are developing healthy snack pellets with an improved nutritional profile.
Introducing healthier snack pellets depends upon the oil type when cooking the snacks. For instance, consumers are now looking for chips cooked with healthier oil options, such as sunflower oil, which has half the saturated fat of cottonseed oil. Sunflower oil instead contains unsaturated fat, a type of fat that's good for the heart. Chips and crackers cooked in soy oil are other options that do not contain saturated fats.
Restraints/Challenges
- Fluctuating prices of raw materials
As the price of raw materials increases, it affects the whole supply chain from the manufacturers-distribution channel-marketing company and mostly the consumers with low income. If raw material prices increase, the prices of the finished product will also increase. This is the major restraining factor for the snack pellets market. The raw material needed for snack pellets are potatoes, corn, rice, tapioca, multigrain, and others. Increasing prices of these raw materials may hinder the growth of the snack pellets market as snack pellets manufacturers find it difficult to buy raw materials such as potatoes, rice, tapioca, and others amid the fluctuating prices.
- High cost associated with potato chips machines
The machines and equipment required to manufacture potato chips refers to a set of machines used to produce potato chips from fresh potatoes. In other words, it is a complete potato chips production line with various processing machines. Namely, there are potato sorting and grading machines, potato washing and peeling machines, potato blancher, de-watering machines, chips frying machines, de-oiling and cooling machines, flavoring machines, packaging machines, and product handling machines.
Post COVID-19 Impact on Global Snack Pellets Market
COVID-19 has disrupted the supply chain and reduced the growth of the snack pellets market. Disruptions have led to delayed stock as well as lower access, supplies, and consumption of snack items. With the persistence of COVID-19, there have been restrictions on transportation, import, and export of food & beverage products. Also, with the movement restriction on workers as well, the manufacturing of snack pellets has been affected, due to which the demand for consumers has not been fulfilled.
Also, with restrictions on import and export, it became difficult for the manufacturers to supply the raw materials and their end products across the country, which has impacted the prices of snack pellets. Thus, due to COVID-19, the supply chain for food was disrupted, which has created a major challenge for the market. However, manufacturers are now coping with the situation as many of the restrictions have been removed.
Global Snack Pellets Market Scope
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. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Crackers
- Chips
- Puffs
- Others
On the basis of type, the global snack pellets market is segmented into crackers, chips, puffs, and others.
Form
- Laminated
- Die faced
- Gelatinized
- Punched
- Die distance
- Tridimensional
- Two dimensional
On the basis of form, the global snack pellets market is segmented into laminated, die-faced, gelatinized, punched, die distance, tridimensional and two-dimensional.
Shape
- Round
- Oval
- Ring
- Triangular
- Square
- Star
- Others (if any)
On the basis of shape, the global snack pellets market is segmented into round, oval, ring, triangular, square, star, and others.
Ingredients
- Potato
- Corn
- Rice
- Tapioca
- Multigrain
- Others
On the basis of ingredients, the global snack pellets market is segmented into the potato, corn, rice, tapioca, multigrain, and others.
Processing method
- Greasy Snack Pellet
- Non-Greasy Snack Pellet
On the basis of the processing method, the global snack pellets market is segmented into greasy snack pellets and non-greasy snack pellets.
Nature
- Organic
- Conventional
On the basis of nature, the global snack pellets market is segmented into organic and conventional.
Technique
- Single-Screw Extruder
- Twin-Screw Extruder
On the basis of technique, the global snack pellets market is segmented into single-screw extruder and twin-screw extruders.
Brand
- Branded
- Private label
On the basis of brand, the global snack pellets market is segmented into branded and private label.
Flavor
- Plain
- Flavor
On the basis of flavor, the global snack pellets market is segmented into plain and flavor.
Application
- Household
- Commercial
On the basis of application, the global snack pellets market is segmented into household and commercial.
Distribution Channel
- Direct
- Indirect
On the basis of distribution channels, the global snack pellets market is segmented into direct and indirect.
Global Snack Pellets Market Regional Analysis/Insights
The global snack pellets market is analyzed, and market size insights and trends are provided by type, form, shape, ingredients, processing method, nature, technique, brand, flavor, application, and distribution channels.
The regions covered in the snack pellets market report are North America, Europe, Asia-Pacific, South America and the Middle East and Africa. These regions are further segmented into - U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, New Zealand, Vietnam, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and Rest of the Middle East and Africa.
North America is expected to dominate the snack pellets market during the forecast period due to growing demand for ready-to-eat snacks as a meal replacement.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Snack Pellets Market Share Analysis
The global snack pellets market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the snack pellets market.
Some of the major players operating in the global snack pellets market are BACH SNACKS SAL, Calbee, McFills Enterprises Pvt. Ltd., Sibell, J.R. Short Snack Products, GRUPO MICHEL, LC America, Inc., Akkel Group., Almounajed Food Industries, Chhajed Foods Pvt. Ltd, Fiorentini Alimentari S.p.A., Gustinos, Jednosc Sp. z o. o, Productos Alimenticios La Moderna S.A. de C.V., Le Caselle SPA, mafin, Noble Agro Food Products Private Limited, Oriental Food Industries Sdn. Bhd., Snack Creations Ltd., Palmex, SOLINO GROUP, VIJAY INDUSTRIES, Kabir Foods, Universal Robina Corporation, JLM Global Foods, Jopellets, Popchips, Limagrain – Ingrédients, Pol-Foods Sp. Z O.O., Al-Qasrawi, Attaybat, Quality Pellets, Pellsnack Products GmbH, Dalmaza Food Industries Co. (Dafico), matarile, Nutradia, Crunchy Food FZE, The Lorenz Bahlsen Snack-World GmbH & Co KG Germany, BFY BRANDS, TTK, Intersnack Group GmbH & Co. KG, Leng-d'Or, V.AL.IN. SRL, YUPI SAS, Bag Snacks, GUANGDONG YUSHENG FOOD INDUSTRIES CO., LTD., VMF (Van Marcke Foods) Continental Snacks, Roger&Roger, among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report.. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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