"Market Intelligence that Adds Flavour to Your Success"

Extruded Snacks Market Size, Share & Industry Analysis, By Product Type (Potato, Rice, Corn, Tapioca, Mixed Grain, Others) By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Retail Stores, Online Stores, Others) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI101510 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global extruded snacks market is expected to witness a considerable rise during the forecast years, due to increasing demand for convenience food products across the world. Increasing innovation in food processing technology is predicted to influence the global extruded snacks market during the foreseeable years. Furthermore, the adoption of efficient marketing strategies by key players is expected to further boost the growth of global extruded snacks market.


Key companies operating in the global extruded snacks market are focusing on product innovation and product launch, along with expanding their global reach to maintain their significance in the world market. Frito-Lay North America Inc. (U.S.), Diamond Foods Inc. (U.S.), and Grupo Bimbo S.A.B. De C.V. (Mexico) are some of the key companies performing in the global extruded snacks market.


To gain extensive insights into the market, Request for Customization


Extruded snacks are prepared by using food extrusion technique in which a set of assorted ingredients is forced through an opening in a perforated plate with a specific or desired design required in the end product (food), and then they are given shape by cutting the end-product into specific sizes. The food extrusion process allows the manufacturers to mass manufacture food through well-organized systems that assure homogeneity in the food products.


Rapid urbanization, especially across developing economies, coupled with increased consumer consciousness towards the different snacking options available is projected to contribute to the growth of extruded snacks market during the forecast years. Increasing innovation by market players and the addition of regional flavors in various extruded snacks to attract consumers is anticipated to aid the market growth in the upcoming years.


Furthermore, the availability of affordable extruded snacks in the market is expected to boost the global extruded snacks market in the forthcoming years. However, health concerns associated with over-consumption of extruded snacks, coupled with growing competition from local players are predicted to hamper the market growth in the forthcoming years.


Key Players Covered


Some of the major companies that are present in the global extruded snacks market are Diamond Foods Inc. (U.S.), Calbee Inc. (Japan), Grupo Bimbo S.A.B. De C.V. (Mexico), Frito-Lay North America Inc. (U.S.), ITC Limited (India), Mondelez International Inc. (U.S.), Kellogg Co. (U.S), Old Dutch Foods Inc. (U.S.), Aperitivos Flaper S.A. (Spain), and JFC International (U.S.) among the other players operating in the global extruded snacks market.


Segmentation






















 ATTRIBUTE


 DETAILS

By Product Type




  • Potato

  • Rice

  • Corn

  • Tapioca

  • Mixed Grain

  • Others



By Distribution Channel




  • Supermarkets/Hypermarkets

  • Convenience Stores

  • Retail Stores

  • Online Stores

  • Others



By Geography




  • North America (USA, Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa and Rest of ME&A)



On the basis of product type, the global extruded snacks market has been segmented into potato, rice, mixed grain, corn, tapioca, and others. Potato segment is anticipated to hold the major market share in the global extruded snacks market, owing to the high demand for potato-based snacks across various prominent developed and developing economies. Rice snacks, followed by mixed grain snacks segment is anticipated to grow at an impressive CAGR during the foreseeable years, owing to their high nutritional value.


On the basis of the distribution channel, the global extruded snacks market has been segmented into supermarkets/ hypermarkets, convenience stores, retail stores, online stores, and others. Supermarket/hypermarket segment is projected to dominate the market during the forecast period, due to high consumer dependency on them for the purchase of snacks and other edibles. The online store segment is anticipated to grow at a considerable pace in the forthcoming years, due to higher convenience offered by them.


Regional Analysis


The Asia Pacific currently dominates the global extruded snacks market and is projected to hold the major share in the global market throughout the forecast years, due to availability of a variety of extruded snacks at affordable and budget-friendly prices. The growing population of the region, coupled with high consumer inclination towards exotic snack products is further predicted to boost the market growth within APAC. Furthermore, increasing launch of extruded snacks by small and large market players of the region is anticipated to further aid the growth of the market in Asia Pacific. The extruded snacks market is projected to grow decently in the developed markets of North America and Europe during the foreseeable years, due to escalating demand for healthy snacking options and increasing innovation by market players.


Key Industry Developments



  • In February 2019, Biena Snacks announced the launch of novel line of Baked Chickpea Puffs for customers seeking better-for-you snacks. In April 2019, the company launched three exotic flavors of its newly launched extruded snacks namely Vegan Ranch, Aged White Cheddar, and Blazin’ Hot.

  • In August 2018, PepsiCo India unveiled the launch of Cornmeal snack Cheetos-Ocean Safari, an extruded snack that includes three grains namely corn rice, and wheat flour in its composition.


Extruded Snacks Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Samyang
Owens
Kpmg
Fresenius
Daesang

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X