Global Extruded Snacks Industry – Overview
Increasing awareness towards healthy snacking is supporting the growth of Extruded Snacks Industry at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Extruded Snacks Industry Research Report- Forecast to 2027 that the market will demonstrate an exceptional CAGR during the forecast period.
Extruded snacks are derived through extrusion process of blending, shaping, drying, flavoring and packaging. Extrusion is an important food processing technique for the preparation of nutritious food for which extruded snacks are gaining popularity as a healthy snack. Increasing health conscious population and their awareness towards healthy snacking is driving the growth of Extruded Snacks Industry. Most commonly used sources for extrusion snacks are potato, rice, corn, tapioca, mixed grain, and others. Extrusion is a process that combines several operations such as mixing, cooking, kneading, shearing, shaping and forming. It is a popular means of preparing healthy snacks and ready to eat foods. High inclination of consumers towards ready to eat packaged foods is driving the growth of Extruded Snacks Industry.
Changing lifestyle and consumers’ consumption pattern is further driving the growth of Extruded Snacks Industry. Moreover, innovation with flavors in extruded snacks is boosting the growth of Extruded Snacks Industry. Furthermore, aggressive marketing strategies and attractive packaging is adding fuel to the growth of Extruded Snacks Industry.
Latest Industry Updates
Jan 2018 GEA plans to extend their portfolio following their acquisition of Pavan Group in Italy, which supplies extrusion and milling technology for processing pasta, snacks and breakfast cereals.
Dec 2017 Prataap Snacks, a leading Indian snack foods company with products spanning across various categories like extruded snacks, chips & namkeen, has entered the category of sweet snacks market through its wholly owned subsidiary with the launch of its new brand 'Rich Feast'.
June 2017 The global beverages and snacks giant, Pepsico started local manufacturing of its globally popular snacks brand Doritos at its plant at Dhulagarh in West Bengal, where it makes Frito-Lay range of snacks.
May 2017 Naturell India launched a seven grain protein snack. Naturell’s new RiteBite Max Protein chips are India’s only extruded protein rich savory snacks which are neither fried nor baked.
Global Extruded Snacks Industry - Competitive Analysis
With the entry of industry players in the Extruded snacks segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The key players are highly focusing on product innovations and new product launches which are healthy for the consumers. There is a high focus on advertising and attractive packaging among the players in the market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in extruded snacks are Calbee, Inc. (Japan), Kellogg Co. (U.S.), Frito-Lay North America, Inc (U.S.), ITC (India), Diamond Foods Inc. (U.S.), Mondelez International Inc. (U.S.), and Old Dutch Foods, Inc. (U.S.) among many others.
Global Extruded Snacks Industry – Segments
The global Extruded Snacks Industry has been divided into type, source, distribution channel, and region.
Based on Type: Sweet, and Savory
Based on Source: Potato, Rice, Corn, Tapioca, Mixed Grains, and Others
Based on Distribution channel: Store Based, and Non-Store Based
Based on Region: North America, Europe, Asia Pacific, and ROW.
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Global Extruded Snacks Industry - Regional Analysis
The global Extruded Snacks Industry is segmented into North America, Europe, APAC, and Rest of the World (RoW). Asia Pacific is dominating the market based on a wide range of variety available to the consumers at reasonable prices. India is the major contributor to the growth of Extruded Snacks Industry in Asia Pacific. Europe is expected to grow substantially over the forecast period owing to high inclination towards healthy snacking among the consumers. In North America, the U.S. is the major contributor of Extruded Snacks Industry. Moreover, continuous innovations and intense competition among key players is growing the Extruded Snacks Industry in rest of the world.
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In-depth study of the Extruded Snacks Industry that helps to provide answers and relevant questions regarding the Emerging trends and Growth opportunities.
It helps identify each of the major growth barriers aside from identifying the trends in the Extruded Snacks market.The Extruded Snacks Market report offers an in-depth analysis of the Global Market and several important aspects related to it.
Various major market aspects such as demand and supply, revenue growth patterns market shares, and market trends are analyzed thoroughly while the drafting of this Extruded Snacks report.Get Access to Report Sample: https://straitsresearch.com/report/extruded-snacks-market//request-sampleMajor Key players covered in this report:Calbee, Inc., ITC Limited, Frito-Lay, Inc., Kellogg Company, Bag Snacks, Old Dutch Foods, Inc., Diamond Foods, Inc., Arca Continental S.A.B.
de C.V., Axium Foods, Inc., JFC International, Inc., AperitivosFlaper, Mondelez International, Amica Chips S.P.A., Universal Robina Corp., AUEVSS LtdBy Raw-Material Wheat, Potato, Rice, Multi-Grain, Corn Oats, By Distribution Channel B2B, B2C, Specialty Retail Stores, Hypermarket and Supermarket, Convenience Stores, Online Retail, By Product Type Simply Extruded, Co-Extruded, ExpandedThe potato segment is projected to witness significant growth in the extruded snacks market as it is widely used as a raw material for its starch content.
However, the moisture content in potato is around 63-83% which makes the drying process necessary, thereby leading to additional costs to the manufacturer, thus reducing the demand for potato as a raw material.
This part of the report has been studied keeping in mind the political, economic, social, technological, geographical, and cultural scenario of the Extruded Snacks Market.
The global extruded snacks market is projected to reach US$ 71.7 Bn by the end of 2029.
After conducting a thorough research on the historical, as well as current growth parameters of the Extruded Snacks Market, the growth prospects of the market are obtained with maximum precision.EXTRUDED SNACKS MARKET TAXONOMYThe global Extruded Snacks Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product typeRiceCornPotatoMixed grainsManufacturing MethodSingle ScrewTwin ScrewDistribution ChannelConvenience storesHypermarkets and SupermarketsIndependent retailersOthersRegionNorth AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaMEADownload Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11239Competition Deep-DiveIn this chapter, readers can find a comprehensive list of leading manufacturers in the Extruded Snacks Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments.
Some of the market players featured in the report are Diamond Foods Inc., Calbee Inc., ITC Limited, Frito-Lay Inc., Kellogg Company, Bag Snacks, Old Dutch Foods, Inc., Want Want Holdings Limited, Arca Continental S.A.B.
de C.V., Axium Foods Inc., JFC International Inc., Aperitivos Flaper, Mondelez International, Amica Chips S.P.A., Universal Robina Corp., and AUEVSS Ltd.WHAT'S INCLUDEDChapter 01 - Executive SummaryThe executive summary of the Extruded Snacks Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Extruded Snacks Market.Chapter 02 - Market IntroductionReaders can find the detailed segmentation and definition of the Extruded Snacks Market in this chapter, which will help them understand basic information about the Extruded Snacks Market.
The processing overview and technological advancements in the Extruded Snacks Market is also provided.Chapter 04 - Global Extruded Snacks Market Value ChainProfit margins at each level of the Extruded Snacks Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Extruded Snacks Market.Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-11239Chapter 05 - Market DynamicsThe drivers and restraints impacting the growth of the Extruded Snacks Market are explained in this chapter.
