Snack Pellets Market - Forecast(2021 - 2026)
Snack Pellets Market Overview: As per the statistics provided by “Trading Economics” the disposable personal income in the United States averaged $5,287.79 billion from 1959 until 2019. The rise in disposable income is the main factor which is gravitating people towards preferring snack products over traditional meals. Hectic life, busy schedules, and extended professional timings are giving rise to undefined food habits and the traditional way of cooking and eating meals has been subsiding. In the busy professional and personal life, people have started opting for snack pellets, as it saves time and also relieves them from stress and boredom. Additionally, increasing food cravings among people, wide varieties of snacks in terms of shape, color, and flavor, and high availability of raw materials are fuelling the growth of snack pellets market. The global snack pellets market had a market size of $6.4 billion in 2018 and it is expected to grow at a CAGR of 5.80% during 2019-2025. Europ...