The global demand for Extruded Snacks Market is presumed to reach the market size of nearly USD 115.2 Million by 2032 from USD 59.24 Million in 2023 with a CAGR of 7.67% under the study period 2024 - 2032.
Extruded snacks are a type of extrusion used in food processing, in which a complicated substance is pushed through a hole in a pierced plate with a unique shape for the food products. With the use of a blade, it is next carved into shape. The extraction process allows for the consistent preparation of large amounts of food well-organized, ensuring product homogeneity. An extruded snacks machine or a processing line can process various extruded snack products, making the approach remarkably versatile. Potato-based extruded snacks are a healthier alternative to potato snacks. Extruded snacks contain a lot of starch, which helps the product stay together during mass production.
Market Dynamics
The shift in consumer lifestyles and consumption habits and the desire for convenience in meals will likely drive the expansion of the extruded snacks market in the forecast year. The growth of the extruded snacks market is also expected to be aided by the development of the retail industry, which is scheduled to be administered by the vast number of hypermarkets and supermarkets around the world. Furthermore, the enormous increase in disposable income is expected to buffer the expansion of the extruded snacks market over the forecast period. Again, the growing demand for healthy snacks will give further growth prospects for the extruded snacks market in the future years. However, the lack of transportation and infrastructure assistance in developing countries may pose a significant hurdle to expanding the extruded snacks market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of extruded snacks. The growth and trends of extruded snacks industry provide a holistic approach to this study.
Market Segmentation
This section of the extruded snacks market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Corn
- Wheat
- Potato
- Rice
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Retail
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Extruded Snacks market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Extruded Snacks Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Extruded Snacks market include PepsiCo Inc. (U.S.), Calbee Inc. (Japan), Kellogg Company (U.S.), Campbell Soup Company (U.S.), General Mills Inc. (U.S.), ITC Limited (India), Grupo Bimbo (Mexico), Mondelez International (U.S.), JFC International (U.S.), Lorenz Snack World (Germany). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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