Latin America Snack Pellets Market was worth USD 740 million in 2022 and is estimated to be growing at a CAGR of 5.7%, to reach USD 980 million by 2027.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the food industry.Snack pellets are instant non-expanded food items. These are semi-finished items and are usually processed like frying and hot air baking to turn them into finished and expanded snacks. The snack pellets are present in different textures, shapes, colors and flavors.The growing demand for instant foods, increase in the health awareness amongst the public, the rising demand of food items with low energy, saturated fats and salt and minimum investment, propel the snack pellets market. Prevalence of alternative products and the growth in rates of raw materials in under-developed areas are the constraints to this market.
based on Type
Potato
Corn
Rice
Tapioca
Multigrain
On the basis of Form
Laminated
Tridimensional
Die-face
Gelatinized
Based on Equipment
Twin Screw Extruder
Single Screw Extruder
Regional Analysis
Brazil
Mexico
Argentina
The Latin America Snack Pellets Market does not have a huge market share as of 2016 but is expected to show significant growth during the forecast period due to the presence of developing countries like Brazil and Mexico.
Keyplayers
Intersnack Group GmBH & Co. KG
J.R. Short Milling Company
Quality Pellets A/S
Balance Foods Inc.
Dalmaza Food Industries Co.
Grupo Industrial Michel
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