About Extruded Snacks
The extruded snacks are the expanded snacks that are cooked, pushed out and pressurized to form the particular shape, then they are baked or fried and flavored with coatings or seasonings. They are typically available in the puffy, crunchy or crispy cereal or starch which are also called finger food available in a range of shapes and sizes with sweet and savory tastes. The extruded snacks can be eaten at any time of the day as they are increasingly consumed as fun and light snacks for light food cravings. The extruded snacks are generally high in calories and fat with the low amount of protein, fiber and other nutrients necessary for health. So it is perceived as unhealthy food by many health-conscious people.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The extruded snacks market is fragmented with various numbers of players in the market worldwide. The players are focusing on geographical expansion as well as expanding its product portfolio by investing in research activities as in consumer preferences and tastes. They are looking forward to merger and partnership activities by maintaining their competitive advantage to sustain in the extruded snacks market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Extruded Snacks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Frito-Lay, Inc. (PepsiCo) (United States), Calbee (Japan), The Kellogg Company (United States), Old Dutch Foods, Ltd. (United States), Arca Continental, S.A.B. de C.V (Mexico), Baker Perkins (United Kingdom), Quality Pellets (Denmark), AMICA CHIPS SpA (Italy), Aperitivos Flaper S.A. (Spain), Axium Foods, Inc. (United States) and Mondelez International (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Want Want Holdings Limited (Taiwan) and Al Jufair Food Industry L.L.C (Oman).
Segmentation Overview
AMA Research has segmented the market of Global Extruded Snacks market by Type (Extruded Filled Pillow Puffs, Extruded Crispy Chips, Extruded Snacks Sticks and Others) and Region.
On the basis of geography, the market of Extruded Snacks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material, the sub-segment i.e. Potato will boost the Extruded Snacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Hypermarkets/Supermarkets will boost the Extruded Snacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Methods, the sub-segment i.e. Milling will boost the Extruded Snacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumption of Potato Based Extruded Snacks is Surging Among People and Introduction of Extruded Snacks Made of Cereal Grains in Various Shapes and Sizes
Market Growth Drivers:
Demand for Savory Snacks Among Youngsters Across the Globe, Availability of Raw Material for Production of Snacks Worldwide and Changing Preferences and Eating Habits of Population
Challenges:
Competition of Substitute Products Might Hinder the Extruded Snacks Market
Restraints:
Machines Used in Production of Extruded Snacks Might be the bad Impact for Environment Hindering the Market
Opportunities:
Technological Advancements in Machinery and Equipment Used In the Production of Extruded Snacks and Innovation in Healthy Nutrients Rich Extruded Snack will Boost the Market
Market Leaders and their expansionary development strategies
In October 2023, Kellogg's partners with Beyond Meat to develop a new line of plant-based extruded snacks, tapping into the growing demand for meat alternatives.
In February 2023, Kellogg's launches a new line of "Pop-Tarts Bites" in the US, offering a convenient snack version of the popular breakfast pastry. The launch of Pop-Tarts Bites highlights the ongoing trend of adapting established food brands to cater to changing consumer preferences for convenience and snacking.
Key Target Audience
Extruded Snacks Manufacturers, Extruded Snacks International Traders, Extruded Snacks Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.