Asia Pacific Snack Pellets Market Forecast to 2030
Asia Pacific Snack Pellets Market Forecast to 2030 – Regional Analysis – by Source (Potato, Corn, Rice, Tapioca, Multigrain, and Others), Type (Plain and Flavored), and Form (Laminated, Die Face, Tri Dimensional, and Others)
$2,485 – $3,885
- Description
- Toplines
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- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
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Description
Increasing Adoption of Advanced Technologies in Snack Pellet Manufacturing Fuels the Asia Pacific Snack Pellets Market
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.
Asia Pacific Snack Pellets Market Overview
The Asia Pacific snack pellets market is segmented into China, India, Australia, Japan, South Korea, and the Rest of Asia Pacific. The snack pellets market in Asia Pacific is rapidly advancing with the growing consumption of convenience food products such as frozen meals. The rising disposable income levels of consumers and the growth of the middle-class population are among the key factors driving the consumption of frozen entrée in the region. The demand for frozen entrée has significantly increased in the region as they are affordable, readily available, convenient, and easy-to-prepare meals. Furthermore, the growth of modern retail distribution platforms, including supermarkets & hypermarkets, convenience stores, and online grocery platforms, has widened the availability and accessibility of frozen entrées to consumers across the region.
Asia Pacific Snack Pellets Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Snack Pellets Market Segmentation
The Asia Pacific snack pellets market is segmented based on source, type, and form, and country.
Based on source, the Asia Pacific snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. The potato segment held the largest share in 2022.
By type, the Asia Pacific snack pellets market is bifurcated into plain and flavored. The plain segment held a larger share in 2022.
By form, the Asia Pacific snack pellets market is segmented into laminated, die face, tri dimensional, and others. The laminated segment held the largest share in 2022.
Based on country, the Asia Pacific snack pellets market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific snack pellets market in 2022.
Bach Snacks SAL, LENG-DOR SAU, Mafin SRL, Noble Agro Food Products Pvt Ltd, and Societe Cooperative Agricole Limagrain are some of the leading companies operating in the Asia Pacific snack pellets market.
Summary Info
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According to the Research Team’ 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. Rising demand for clean-label, sustainable, and ethical products as well as rising popularity of RTE snacks are among the critical factors attributed to the Asia Pacific snack pellets market expansion.
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 Asia Pacific snack pellets market over the coming years.
On the contrary, growing production cost hampers the growth Asia Pacific snack pellets market.
Based on source, the Asia Pacific snack pellets market snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. The potato segment held 36.1% share of the Asia Pacific snack pellets market in 2022, amassing US$ 891.00 million. It is projected to garner US$ 1,221.34 million by 2030 to expand at 4.0% CAGR during 2022-2030.
By type, the Asia Pacific snack pellets market snack pellets market is bifurcated into plain and flavored. The plain segment held 83.4% share of the Asia Pacific snack pellets market in 2022, amassing US$ 2,058.16 million. It is projected to garner US$ 2,871.82 million by 2030 to expand at 4.3% CAGR during 2022-2030.
By form, the Asia Pacific snack pellets market 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 in 2022, amassing US$ 941.67 million. It is projected to garner US$ 1,300.15 million by 2030 to expand at 4.1% CAGR during 2022-2030.
Based on country, the Asia Pacific snack pellets market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific held 33.1% share of Asia Pacific snack pellets market in 2022, amassing US$ 816.88 million. It is projected to garner US$ 1,078.39 million by 2030 to expand at 3.5% CAGR during 2022-2030.
Key players operating in the Asia Pacific snack pellets market are Bach Snacks SAL, LENG-DOR SAU, Mafin SRL, Noble Agro Food Products Pvt Ltd, and Societe Cooperative Agricole Limagrain, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific snack pellets market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Snack Pellets Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.1 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 List of Vendors
5. Asia Pacific Snack Pellets Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Popularity of RTE Snacks Among Population
5.1.1 Increasing Adoption of Advanced Technologies in Snack Pellet Manufacturing
5.2 Market Restraints
5.2.1 Growing Production Cost
5.3 Market Opportunities
5.3.1 Rising Demand for Clean-Label, Sustainable, and Ethical Products
5.4 Future Trends
5.4.1 Rising Trend of Healthy Snacking
5.5 Impact of Drivers and Restraints:
6. Snack Pellets Market – Asia Pacific Market Analysis
6.1 Asia Pacific Snack Pellets Market Revenue (US$ Million), 2020 – 2030
6.2 Asia Pacific Snack Pellets Market Forecast and Analysis
7. Asia Pacific Snack Pellets Market Analysis – Source
7.1 Potato
7.1.1 Overview
7.1.2 Potato Market Revenue and Forecast to 2030 (US$ Million)
7.2 Corn
7.2.1 Overview
7.2.2 Corn Market Revenue and Forecast to 2030 (US$ Million)
7.3 Rice
7.3.1 Overview
7.3.2 Rice Market Revenue and Forecast to 2030 (US$ Million)
7.4 Tapioca
7.4.1 Overview
7.4.2 Tapioca Market Revenue and Forecast to 2030 (US$ Million)
7.5 Multigrain
7.5.1 Overview
7.5.2 Multigrain Market Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Snack Pellets Market Analysis – Type
8.1 Plain
8.1.1 Overview
8.1.2 Plain Market Revenue and Forecast to 2030 (US$ Million)
8.2 Flavored
8.2.1 Overview
8.2.2 Flavored Market Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Snack Pellets Market Analysis – Form
9.1 Laminated
9.1.1 Overview
9.1.2 Laminated Market Revenue and Forecast to 2030 (US$ Million)
9.2 Die Face
9.2.1 Overview
9.2.2 Die Face Market Revenue and Forecast to 2030 (US$ Million)
9.3 Tri Dimensional
9.3.1 Overview
9.3.2 Tri Dimensional Market Revenue and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Other Market Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Snack Pellets Market – Country Analysis
10.1.1 Asia Pacific Snack Pellets Market Breakdown by Country
10.1.1.1 Snack pellets market Breakdown by Country
10.1.1.2 Australia Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
10.1.1.2.1 Australia Snack Pellets Market Breakdown by Source
10.1.1.2.2 Australia Snack Pellets Market Breakdown by Type
10.1.1.2.3 Australia Snack Pellets Market Breakdown by Form
10.1.1.3 China Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
10.1.1.3.1 China Snack Pellets Market Breakdown by Source
10.1.1.3.2 China Snack Pellets Market Breakdown by Type
10.1.1.3.3 China Snack Pellets Market Breakdown by Form
10.1.1.4 India Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
10.1.1.4.1 India Snack Pellets Market Breakdown by Source
10.1.1.4.2 India Snack Pellets Market Breakdown by Type
10.1.1.4.3 India Snack Pellets Market Breakdown by Form
10.1.1.5 Japan Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
10.1.1.5.1 Japan Snack Pellets Market Breakdown by Source
10.1.1.5.2 Japan Snack Pellets Market Breakdown by Type
10.1.1.5.3 Japan Snack Pellets Market Breakdown by Form
10.1.1.6 South Korea Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
10.1.1.6.1 South Korea Snack Pellets Market Breakdown by Source
10.1.1.6.2 South Korea Snack Pellets Market Breakdown by Type
10.1.1.6.3 South Korea Snack Pellets Market Breakdown by Form
10.1.1.7 Rest of Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
10.1.1.7.1 Rest of Asia Pacific Snack Pellets Market Breakdown by Source
10.1.1.7.2 Rest of Asia Pacific Snack Pellets Market Breakdown by Type
10.1.1.7.3 Rest of Asia Pacific Snack Pellets Market Breakdown by Form
11. Company Profiles
11.1 Bach Snacks SAL
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 LENG-D’OR SAU
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Mafin SRL
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Noble Agro Food Products Pvt Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Societe Cooperative Agricole Limagrain
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
LIST OF TABLES
Table 1. Asia Pacific Snack Pellets Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain:
Table 3. List of Manufacturers in Value Chain:
Table 4. List of Potential Buyers
Table 5. Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Table 6. Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 7. Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 8. Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Form
Table 9. Australia Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 10. Australia Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 11. Australia Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Form
Table 12. China Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 13. China Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 14. China Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Form
Table 15. India Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 16. India Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 17. India Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Form
Table 18. Japan Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 19. Japan Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 20. Japan Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Form
Table 21. South Korea Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 22. South Korea Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 23. South Korea Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Form
Table 24. Rest of Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Source
Table 25. Rest of Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 26. Rest of Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million) – Form
LIST OF FIGURES
Figure 1. Asia Pacific Snack Pellets Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Asia Pacific Snack Pellets Market
Figure 4. Asia Pacific Snack Pellets Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Snack Pellets Market Revenue (US$ Million), 2020 – 2030
Figure 7. Asia Pacific Snack Pellets Market Share (%) – Source, 2022 and 2030
Figure 8. Potato Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Corn Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Rice Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Tapioca Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Multigrain Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Asia Pacific Snack Pellets Market Share (%) – Type, 2022 and 2030
Figure 15. Plain Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Flavored Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Asia Pacific Snack Pellets Market Share (%) – Form, 2022 and 2030
Figure 18. Laminated Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Die Face Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Tri Dimensional Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Other Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Asia Pacific Snack Pellets Breakdown, by Key Countries, 2022 (US$)
Figure 23. Asia Pacific Snack Pellets Market Breakdown by Key Countries, 2022 And 2030 (%)
Figure 24. Australia Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. China Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. India Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Japan Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. South Korea Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Rest of Asia Pacific Snack Pellets Market Revenue and Forecasts To 2030 (US$ Million)
The List of Companies – Asia Pacific Snack Pellets Market
1. Bach Snacks SAL
2. LENG-DOR SAU
3. Mafin SRL
4. Noble Agro Food Products Pvt Ltd
5. Societe Cooperative Agricole Limagrain
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