Snack Pellets Market: Global Industry Analysis and Forecast (2024-2030)

Snack Pellets Market was valued at USD 2.59 Billion in 2023, and it is expected to reach USD 3.71 Billion by 2030, exhibiting a CAGR of 5.3% during the forecast period (2024-2030)

The Global Snack Pellets Market is segmented by type, form, flavor, and technique. Based on form, the market is segmented into laminated, tridimensional, die-face, and gelatinized. Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

Particularly in the multigrain snack pellets industry, snack pellets are rapidly growing in popularity. Because of the high demand for a variety of raw materials including potato, vegetable powders, and cereals, snack pellet makers are predicted to see profitable growth prospects. Due to fast-paced lives and improved taste, ingredients, and flavour, the demand for ready-to-eat snacks is growing, which is a major driver fueling the market expansion for snack pellets globally. As a result, major manufacturers are creating automated and cutting-edge snack pellets equipment to boost their profits. In addition, current innovations in the market for snack pellets machines are motivating the major companies to raise their output of single- and twin-extruders for the extruded snacks sector.