At 3.7% CAGR, Europe Snack Pellets Market is Projected to be Worth US$ 2,164.87 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe snack pellets market was valued at US$ 1,613.45 million in 2022 and is expected to reach US$ 2,164.87 million by 2030, registering a CAGR of 3.7% from 2022 to 2030. Rising demand for clean-label, sustainable, & ethical products and rising popularity of RTE snacks among population are among the critical factors attributed to drive the Europe snack pellets market growth.

Over the past few years, consumers are increasingly focusing on sustainability. The preference for cleaner, ethically sourced, and environmentally friendly products has grown dramatically. The static lifestyle and work-related stress have resulted in multiple health problems. Therefore, consumers are focusing on clean eating. Also, in the wake of the pandemic, consumers are choosing sustainable alternatives. Thus, the changing consumer preferences have also influenced their buying behavior.

Snack pellet manufacturers are focusing on developing innovative products with clean, all-natural, organic, and genetically modified organisms (GMO)-free ingredients that are ethically sourced. Consumers also focus on the wellness of the farmers and workers across the supply chain and favor products with transparent labels. Therefore, snack pellet manufacturers focus on procuring raw materials certified by agencies like Fairtrade. Fairtrade-certified raw materials ensure that farmers and workers are given fair compensation and treatment. Thus, the rising demand for clean-label, ethical, and sustainable snacking products is expected to open potential opportunities in the Europe snack pellets market over the coming years.

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

By source, the Europe snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. The potato segment held 33.5% share of Europe snack pellets market share in 2022, amassing US$ 540.78 million. It is projected to garner US$ 702.64 million by 2030 to register 3.3% CAGR during 2022–2030.

In terms of type, the Europe snack pellets market is segmented into plain and flavored. The plain segment held 79.5% share of Europe snack pellets market share in 2022, amassing US$ 1,282.04 million. It is projected to garner US$ 1,698.18 million by 2030 to register 3.6% CAGR during 2022–2030.

Based on form, the Europe snack pellets market is segmented into laminated, die face, tri dimensional, and others. The laminated segment held 35.2% share of Europe snack pellets market share in 2022, amassing US$ 567.35 million. It is projected to garner US$ 743.86 million by 2030 to register 3.4% CAGR during 2022–2030.

Based on country, the Europe snack pellets market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 39.4% share of Europe snack pellets market in 2022. It was assessed at US$ 636.34 million in 2022 and is likely to hit US$ 813.69 million by 2030, registering a CAGR of 3.1% during 2022–2030.

Key players operating in the Europe snack pellets market are Le Caselle SpA, LENG-D'OR SAU, Mafin SRL, Quality Pellets AS , Snack Creations Ltd, and Societe Cooperative Agricole Limagrain, among others.

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