Global Multigrain Snack Pellets Market Size, Trends and Growth Opportunity, By Form (Laminated, Tridimensional, Die-Face, Gelantinized, Punched, Die Distance), Flavor (Plain, Flavored, Nutritional), Technique (Single-Screw Extruder, Twin-Screw Extruder),

Global Multigrain Snack Pellets Market Size, Trends and Growth Opportunity, By Form (Laminated, Tridimensional, Die-Face, Gelantinized, Punched, Die Distance), Flavor (Plain, Flavored, Nutritional), Technique (Single-Screw Extruder, Twin-Screw Extruder), Process (Frying, Hot Air Baking), Application (Commercial Use, Household Use), By Region and Forecast Till 2027.

Global Multigrain Snack Pellets Market

The Global Multigrain Snack Pellets Market was valued at US$ 823 million in 2021 and it is expected to reach at US$1205 million in 2027 at a CAGR of 5.26% during forecast period 2022-2027.

The grains used to make multigrain snack pellets have a high nutritional value. The nutritional content of snack pellets was previously constrained by their use of a single grain type. Due to their high fiber content, multigrain snack pellets are currently in high demand among consumers.

Market Drivers

The forecast period is expected to see a rise in the consumption of packaged foods, which will propel the market for snack pellets worldwide. In addition, the inclination of consumers for healthy food items is anticipated to increase demand for snack pellets in the upcoming years, supporting the market's expansion. Market expansion will be fueled by rising demand for processed goods from the restaurant, hotel chain, and retail industries over the course of the forecasted years.

Market Restraints

The market for multigrain snack pellets has been identified to be constrained by significant one-time investments in machinery and product transportation. On the other side, the growing availability of counterfeits would make it difficult for the market to expand during the projection period.

Market Segmentation

The global multigrain snack pellets market is segmented into form, flavour, technique, process and application. By form it segmented into laminated, tridimensional, die-face, gelantinized, punched, die distance. By flavor it segmented into plain, flavored, nutritional. By technique it segmented into single-screw extruder, twin-screw extruder. By process it segmented into frying, hot air baking. By application it segmented into commercial use, household use.

Regional Analysis

The global multigrain snack pellets market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Multigrain snack pellets are dominated by North America because to the region's growing demand for ready-to-eat snack pellets, greater production capacity, and presence of reputable multigrain snack pellet manufacturers. Due to the region's rapid urbanization, growing population, and growing consumer awareness of the advantages of snack pellets, Asia-Pacific is predicted to grow during the forecast period.

Key Players

Various key players are listed in this report such as BACH SNACKS SAL (Lebanon), J.R. Short Snack Products (U.S.), LC America Inc. (U.S.), Akkel Group. (Syria), Almounajed Food Industries (Egypt), Chhajed Foods Pvt. Ltd (India), Fiorentini Alimentari S.p.A. (Italy), Gustinos, Jednosc Sp. z o. o (Italy), Productos Alimenticios La Moderna S.A. de C.V. (Italy)

Market Taxonomy

By Form

Laminated

Tridimensional

Die-Face

Gelantinized

Punched

Die Distance

By Flavour

Plain

Flavored

Nutritional

By Technique

Single-Screw Extruder

Twin-Screw Extruder

By Process

Frying

Hot Air Baking

By Application

Commercial Use

Household Use

Key Question Addressed by the Report

What are the Key Opportunities in Global Multigrain Snack Pellets Market?

What will be the growth rate from 2022 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the role of key players in the value chain?