North America 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)

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The North America snack pellets market was valued at US$ 2,136.08 million in 2022 and is expected to reach US$ 2,804.88 million by 2030; it is estimated to register a CAGR of 3.5% from 2022 to 2030.

Rising Popularity of RTE Snacks Among Population Fuels North America Snack Pellets Market

The surge in the consumption of high-quality convenience food owing to changing lifestyles is one of the biggest trends in the food industry. A hectic lifestyle and extended working hours drive the demand for ready-to-eat food as consumers want to save cooking time and effort. Moreover, the rising number of dual-income households in developed and developing countries also contributes to the rising demand for packaged food. Ready-to-eat (RTE) snacks are also witnessing massive demand, especially among working professionals, due to the rising snacking trend in corporations. Small coffee and snack breaks to relieve work stress drive the demand for RTE snacks. Light snacks such as popcorn, chips, and puffs are popular among the younger population and children.

The rising demand for RTE snacks is driving the North America snack pellets market . Snack manufacturers are focusing on offering snacks with innovative shapes and textures to attract a large number of consumers. For instance, in June 2022, GEA Group developed a new snack format called "Cinderella's Slippers," a snack pellet shaped like a slipper. The new format is developed to meet the challenge of dipping the snacks in the sauce without getting the fingers coated. The Cinderella Slippers snack pellet is available in three versions: Classic, Perforated, and Ribbed. Thus, the rising popularity of RTE snacks among consumers and growing innovations drive the North America snack pellets market.

North America Snack Pellets Market Overview

The high snack consumption in the US, coupled with the rising demand for on-the-go snack options, is majorly propelling snack pellets market growth. Americans snack more in the summer, whether they're inside, outdoors, or on the move. From boosting road trip morale to complementing an outdoor potluck. Consumers in the US are inclined toward snack products that offer nutritional benefits such as low fat, minimally processed, and high fiber content. Thus, the demand for snack pellets is increasing with the growing prevalence of various lifestyle disorders such as atherosclerosis, diabetes, stroke, and obesity. According to data published by the U.S. Census data and Simmons National Consumer Survey (NHCS), in 2020, 24.1 million Americans used ten or more packages of nutritional snacks. Thus, the strongly growing healthy food consumption trend boosts the demand for snack pallets in the country.

North America Snack Pellets Market Revenue and Forecast to 2030 (US$ Million)

North America Snack Pellets Market Segmentation

The North America snack pellets market is categorized into source, type, form, and country.

By source, the North America snack pellets market is segmented into potato, corn, rice, tapioca, multigrain, and others. The potato segment held the largest share of the North America snack pellets market share in 2022.

In terms of type, the North America snack pellets market is segmented into plain and flavored. The plain segment held a larger share of the North America snack pellets market share in 2022.

Based on form, the North America snack pellets market is segmented into laminated, die face, tri dimensional, and others. The laminated segment held the largest share of the North America snack pellets market share in 2022.

Based on country, the North America snack pellets market is segmented into the US, Canada, and Mexico. The US segment held the largest share of North America snack pellets market in 2022.

Balance Foods Inc, JR Short Milling Co, Le Caselle SpA, LENG-D'OR SAU, Mafin SRL, and Societe Cooperative Agricole Limagrain are some of the leading companies operating in the North America snack pellets market.

Product Code: BMIRE00029757

1. Introduction

1.1 The Insight Partners 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. North America 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. North America Snack Pellets Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Rising Popularity of RTE Snacks Among Population
- 5.1.2 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 - North America Analysis

6.1 North America Snack Pellets Market Revenue (US$ Million), 2020 - 2030
6.2 North America Snack Pellets Market Forecast and Analysis

7. North America 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. North America 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. North America 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 Others Market Revenue, and Forecast to 2030 (US$ Million)

10. North America Snack Pellets Market - Country Analysis

10.1 North America
- 10.1.1 North America Snack Pellets Market Revenue and Forecasts and Analysis - By Countries
  - 10.1.1.1 Snack pellets market Breakdown by Country
  - 10.1.1.2 US Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.2.1 US Snack Pellets Market Breakdown by Source
    - 10.1.1.2.2 US Snack Pellets Market Breakdown by Type
    - 10.1.1.2.3 US Snack Pellets Market Breakdown by Form
  - 10.1.1.3 Canada Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.3.1 Canada Snack Pellets Market Breakdown by Source
    - 10.1.1.3.2 Canada Snack Pellets Market Breakdown by Type
    - 10.1.1.3.3 Canada Snack Pellets Market Breakdown by Form
  - 10.1.1.4 Mexico Snack Pellets Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.4.1 Mexico Snack Pellets Market Breakdown by Source
    - 10.1.1.4.2 Mexico Snack Pellets Market Breakdown by Type
    - 10.1.1.4.3 Mexico Snack Pellets Market Breakdown by Form

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Company Profiles

12.1 Balance Foods Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 LENG-D'OR SAU
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 JR Short Milling Co
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Le Caselle SpA
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Mafin SRL
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Societe Cooperative Agricole Limagrain
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments

13. Appendix