According to the current analysis of Reports and Data, the global Corn Snack Pellets Market was valued at USD 1.97 Billion in 2018 and is expected to reach USD 2.94 Billion by year 2026, at a CAGR of 5.1%. With rapidly changing consumer lifestyles, the demand for processed and convenience foods is rising. The increase in disposable incomes is further boosting the consumer spending on food consumption and establishing a healthy snacking trend in the market. A significant change is the shift from home-made breakfasts to ready-to-eat snack alternatives. Such factors combined are boosting the growth of this market.
Snack pellets have a longer shelf life and promise enhanced nutritive value in comparison to other conventional processed snacks. Moreover, market players are experimenting with and introducing new flavours and textures of snacks that come with nutritional claims.
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Top Companies Operating in the Global Corn Snack Pellets Market Report:
Intersnack Group GmbH and Co. KG, J.R. Short Milling, Limagrain Cereales Ingredients, Mafin, Liven S.A., Van Marcke Foods, Grupo Industrial Michel, Bach Snacks, Leng-d'Or, Balance Foods, Inc., LE Caselle, Pasta Foods Ltd., Quality Pellets A/S, Chhajed Foods Pvt. Ltd., Pellsnack-Products GmbH, Noble Agro Foods
Notable Innovations of Corn Snack Pellets Market
- Flavor Infusion: Snack pellet manufacturers have introduced innovative flavor infusion techniques to enhance the taste profiles of their products. By incorporating flavors directly into the pellet during the production process, snack pellets can offer a more intense and consistent flavor experience to consumers.
- Textural Variations: There has been a focus on developing snack pellets with unique textures to provide consumers with a diverse snacking experience. This includes the introduction of crunchy, crispy, puffed, or multilayered snack pellets that offer a range of textures in a single product.
- Healthier Ingredients: As consumers increasingly seek healthier snack options, snack pellet manufacturers have responded by incorporating more nutritious ingredients. Innovations include the use of whole grains, legumes, vegetables, and alternative flours to improve the nutritional profile of snack pellets while maintaining their taste and texture.
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The global Corn Snack Pellets Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type (Revenue, USD Million; 2016–2026)
- Potato
- Corn
- Rice
- Tapioca
- Multigrain
- Others
Form (Revenue, USD Million; 2016–2026)
- Laminated
- Tridimensional
- Die-Face
- Gelatinized
Flavour (Revenue, USD Million; 2016–2026)
- Plain
- Flavored
- Nutritional
Technique (Revenue, USD Million; 2016–2026)
- Single-Screw Extruder
- Twin-Screw Extruder
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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