The global extruded snacks market is projected to reach USD 67.61 Billion by the end of 2027 . The market was valued at USD 50.71 Billion in 2020. If these figures hold true, the market will exhibit a CAGR of 4.2 % between 2020 and 2027. Asia Pacific is likely to be the major revenue-generating region in the global extruded snacks market. Customers in this region enjoy numerous snacking options obtainable at reasonable prices.
Extrusion is a form of extrusion used in food processing by which assorted ingredients are pushed through a hole in a perforated plate with a design specific to the food products. Then it is cut into a particular size with the help of blades. The method of extrusion enables constant mass manufacturing of food, in well-organized way that ensures homogeneity of the end product. Food products produced using this method typically contain high starch content. These food items include various breakfast cereals, pasta, bread, ready-to-eat snacks, textured vegetable protein, fat soy, cookie dough, confectionery, and baby foods, pet foods, and beverages.
Consumers are more cautious about snacks consumed in daily routines and are gradually adopting healthy foods products such as extruded snacks because of the benefits offered by these products related to metabolism. Healthy snacks are also consumed to lose weight, and these snacks also deliver the necessary nutrients and vitamins that body requires. The nutritional elements of extruded snacks can be modified by altering the metabolism competence of starch and protein. Rising demand for weight control and healthy snacks is expected to drive the global extruded snacks market over the forecast period.
By product type, the market can be segmented into the potato, corn, rice, and mixed grains. The potatoes segment holds the major market share in extruded snacks market. Changing taste preferences in various regions has spurred global companies to offer customized spiced snacks, which is expected to push demand for extruded snacks.
Asia Pacific market is estimated to have a huge share in overall extruded snacks market and is expected to be the biggest market for this product in the near future. This can be attributed due to the availability of several snacking choices made available at low prices in countries in this region. Moreover, consumers in Asia Pacific are product-cost-conscious and competing prices offered by prime companies ultimately increase product demand in countries in the region.
Extrusion is a form of extrusion used in food processing by which assorted ingredients are pushed through a hole in a perforated plate with a design specific to the food products. Then it is cut into a particular size with the help of blades. The method of extrusion enables constant mass manufacturing of food, in well-organized way that ensures homogeneity of the end product. Food products produced using this method typically contain high starch content. These food items include various breakfast cereals, pasta, bread, ready-to-eat snacks, textured vegetable protein, fat soy, cookie dough, confectionery, and baby foods, pet foods, and beverages.
Consumers are more cautious about snacks consumed in daily routines and are gradually adopting healthy foods products such as extruded snacks because of the benefits offered by these products related to metabolism. Healthy snacks are also consumed to lose weight, and these snacks also deliver the necessary nutrients and vitamins that body requires. The nutritional elements of extruded snacks can be modified by altering the metabolism competence of starch and protein. Rising demand for weight control and healthy snacks is expected to drive the global extruded snacks market over the forecast period.
By product type, the market can be segmented into the potato, corn, rice, and mixed grains. The potatoes segment holds the major market share in extruded snacks market. Changing taste preferences in various regions has spurred global companies to offer customized spiced snacks, which is expected to push demand for extruded snacks.
Asia Pacific market is estimated to have a huge share in overall extruded snacks market and is expected to be the biggest market for this product in the near future. This can be attributed due to the availability of several snacking choices made available at low prices in countries in this region. Moreover, consumers in Asia Pacific are product-cost-conscious and competing prices offered by prime companies ultimately increase product demand in countries in the region.
The prominent extruded snacks market share contributors are Calbee, Diamond Foods, Kellogg’s, ITC, Old Dutch Foods, Frito-lay and Amica Chips, Mondelez International, JFC International, AperitivosFlaper, Bag Snacks, Universal Robina and Arca Continental.
Report : Extruded Snacks Market - By Product (Potato, Corn, Rice, Tapioca, Mixed Grains, Others) By Distribution Channel (SuperMarkets & HyperMarkets, Convenience Stores, Specialty Stores, Online Retail, Others) By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) - Industry Analysis, Opportunity and Forecast 2020 To 2027