Asia Pacific Snack Pellets Market was worth USD 1.54 billion in 2022 and estimated to be growing at a CAGR of 6.3%, to reach USD 2.09 billion by 2027
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the food industry.Snack pellets are instant non-expanded food items. These are semi-finished items and are usually processed like frying and hot air baking to turn them into finished and expanded snacks. The snack pellets are present in different textures, shapes, colors and flavours.The growing demand for instant foods, increase in the health awareness amongst the public, the rising demand of food items with low energy, saturated fats and salt and minimum investment, propel the snack pellets market. Prevalence of alternative products and the growth in rates of raw materials in under-developed areas are the constraints to this market.
The Asia Pacific Snack Pellets Market is segmented based on Type into
Potato
Corn
Rice
Tapioca
Multigrain
On the basis of Form, the market is segmented into
Laminated
Tridimensional
Die-face,
Gelatinized.
Based on Equipment, the market is segmented into
Twin Screw Extruder
Single Screw Extruder
On the basis of geography, the Asia Pacific market is analyzed under various regions namely
China
India
Japan
South Korea
The Asia Pacific Snack Pellets Market had the second largest market share as of 2016 and is expected to show the highest CAGR during the forecast period.
Intersnack Group GmBH & Co. KG
J.R. Short Milling Company
Quality Pellets A/S
Balance Foods Inc.
Dalmaza Food Industries Co.
Grupo Industrial Michel
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