South & Central 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)

The South & Central America snack pellets market was valued at US$ 615.16 million in 2022 and is expected to reach US$ 915.54 million by 2030; it is estimated to register a CAGR of 5.1% from 2022 to 2030.

Increasing Adoption of Advanced Technologies in Snack Pellet Manufacturing Fuels South & Central America 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 South & Central America 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 South & Central America 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 South & Central America snack pellets market growth.

South & Central America Snack Pellets Market Overview

The Rest of South & Central America snack pellets market is segmented into Chile, Uruguay, Colombia, and Paraguay. The countries offer potential market growth opportunities owing to the rising popularity of convenience food products, snacking among the young population, and increasing demand for healthier snack options. Demand for traditional and international snacks such as Chifles (fired banana chips) and potato chips has surged in the region. In addition, consumers' rising purchasing power is projected to boost the demand for the snack pellets.

South & Central America Snack Pellets Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Snack Pellets Market Segmentation

The South & Central America snack pellets market is categorized into source, type, form, and country.

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

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

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

Based on country, the South & Central America snack pellets market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America segment held the largest share of South & Central America snack pellets market in 2022.

LENG-D'OR SAU, Mafin SRL, Noble Agro Food Products Pvt Ltd, and Societe Cooperative Agricole Limagrain are some of the leading companies operating in the South & Central America snack pellets market.

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