Extrusion is a procedure that combines many operations such as cooking, mixing, kneading, shaping, shearing and forming. It is a popular means of making healthy snacks and ready to eat foods. Most regularly used sources for extrusion snacks are rice, potato, corn, mixed grain, tapioca, and others. The inclination of customers towards ready to eat packaged foods is increasing the market for extruded snacks. Moreover, key players are concentrating on providing healthy meals and many flavour alternatives, which are increasing the development of extruded snacks market.
The global Extruded snacks market worth was at USD 31.6 Billion in 2019, and it is estimated to rise at a CAGR of 4.04%, to reach USD 38.6 Billion by 2024.
- Kellogg’s Company is manufacturing teff-based snacks based on the Ethiopian recipes. The introduction of a new flavour transforms the company’s snacks business, making it a global snacks powerhouse.
Market Drivers and Restrains
Rising urban population is one of the primary drivers for the growth of the extruded snacks market. The transformation in buyer behaviour attributed to the increasing disposable income around the globe raises the spending capability on daily expediency products as per their requirements.
Moreover, aggressive marketing techniques and attractive packaging are adding demand to the growth of extruded snacks market.
Furthermore, intense competition in addition to the R&D initiatives for extruded snacks may hinder the operations of new entrants in the world market.
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Report is segmented as
- Mixed Grain
By Distribution Channel
- Independent Retailers
- Convenience Stores
Based on geography, the world market divided under various regions, such as North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific is leading the global Extruded Snacks Market.
Key market players:
- Calbee, Inc.
- Diamond Foods, Inc.
- Frito-Lay, Inc.
- ITC Limited
- Bag Snacks
- Kellogg Company
- Want Want Holdings Limited
- Old Dutch Foods, Inc.
- Axium Foods, Inc.
- Arca Continental S.A.B. de C.V.
- Aperitivos Flaper
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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