At 4.4% CAGR, Asia Pacific Snack Pellets Market is Projected to be Worth US$ 3,472.11 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific snack pellets market was valued at US$ 2,466.43 million in 2022 and is expected to reach US$ 3,472.11 million by 2030, registering a CAGR of 4.4% from 2022 to 2030. Increasing adoption of advanced technologies in snack pellet manufacturing and rising popularity of RTE snacks among population are among the critical factors attributed to drive the Asia Pacific snack pellets market growth.

Extrusion technology, a crucial process in snack pellet production, has evolved, enabling manufacturers to create diverse snack products with improved quality, texture, and taste. These technological advancements have increased production efficiency and facilitated the creation of innovative and appealing snack options, catering to the changing preferences of consumers.

One of the notable advancements in extrusion technology that has influenced the Asia Pacific snack pellets market is the development of twin-screw extruders. The extruders offer enhanced control over the cooking and expansion processes, resulting in consistent texture and taste of snack pellets. Incorporating twin-screw extruders allows for a wider variety of raw materials, including grains, pulses, and vegetables, for snack pellet production. This innovation has enabled manufacturers to produce snacks with different variety of shapes and enhanced texture that can align with the growing demand from snack manufacturers. Integrating 3D printing technology into the extrusion process has also opened new avenues for snack pellet customization. This technology enables manufacturers to create intricate and attractive shapes, enhancing the visual appeal of the final snack products. This advancement has proven beneficial in marketing to younger demographics and families who value novelty and visual appeal in their snack choices. The customization potential offered by 3D printing in extrusion has expanded the Asia Pacific snack pellets market by offering unique snacking experiences. Implementing intelligent controls and automation in extrusion lines has streamlined production, increased efficiency, and reduced wastage. Real-time monitoring and data analysis allow manufacturers to fine-tune production parameters, resulting in consistent quality and improved productivity. This level of control is particularly significant in the snack industry, where maintaining product quality and meeting consumer expectations are paramount. Thus, the introduction of twin-screw extruders, integration of 3D printing, and the adoption of intelligent controls and automation boost the production of a diverse range of snack pellets, thereby fueling the Asia Pacific snack pellets market growth.

On the contrary, growing production cost hampers the growth of Asia Pacific snack pellets market.

By source, the Asia Pacific snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. The potato segment held 36.1% share of Asia Pacific snack pellets market share in 2022, amassing US$ 891.00 million. It is projected to garner US$ 1,221.34 million by 2030 to register 4.0% CAGR during 2022–2030.

In terms of type, the Asia Pacific snack pellets market is segmented into plain and flavored. The plain segment held 83.4% share of Asia Pacific snack pellets market share in 2022, amassing US$ 2,058.16 million. It is projected to garner US$ 2,871.82 million by 2030 to register 4.3% CAGR during 2022–2030.

Based on form, the Asia Pacific snack pellets market is segmented into laminated, die face, tri dimensional, and others. The laminated segment held 38.2% share of Asia Pacific snack pellets market share in 2022, amassing US$ 941.67 million. It is projected to garner US$ 1,300.15 million by 2030 to register 4.1% CAGR during 2022–2030.

Based on country, the Asia Pacific snack pellets market is categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 33.1% share of Asia Pacific snack pellets market in 2022. It was assessed at US$ 816.88 million in 2022 and is likely to hit US$ 1,078.39 million by 2030, registering a CAGR of 3.5% during 2022–2030.

Key players operating in the Asia Pacific snack pellets market are Bach Snacks SAL, LENG-D'OR SAU, Mafin SRL, Noble Agro Food Products Pvt Ltd, and Societe Cooperative Agricole Limagrain, among others.

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