Cover Image
Market Research Report
Product code 
1036848

Global Extruded Snacks Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

Price

Back to Top
Global Extruded Snacks Market - 2021-2028
Published: November 16, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • ALL
  • Description
  • Table of Contents
Description

Market Overview:

Extrusion is a technique that combines several operations such as cooking, mixing, kneading, shaping, shearing and forming. It is a procedure by which several assorted ingredients are forced through an opening in a holed die or plate with a pattern explicit to the food. Then it is cut to an indicated size with the help of blades. It is a popular means of preparing healthy snacks and ready-to-eat foods. Extrusion enables large food production through an endless, well-organized system that ensures homogeneity in the finished product. The starch level of food products made with this approach is often relatively high. Extrusion of various ingredients such as corn, tapioca, oats, potatoes, and wheat, among others, is used to make extruded snack foods. The market for extruded snacks is growing due to the rising demand for ready-to-eat foods and an increase in the working population. The global extruded snacks market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)

Market Dynamics:

Increasing demand for extruded snacks, owing to its various health benefits Extruded snacks have a low moisture content, ranging from 4 to 6 percent, which keeps them shelf stable while also extending their shelf life. According to reports, these items are perfect for reducing the danger of malnutrition in underdeveloped countries. According to UNICEF data, 45.4 million children under the age of five were affected by wasting globally in 2020, with 13.6 million suffering from severe wasting. According to the United Nations, the global population is expected to reach over 9 billion people by 2050, exacerbating the problem of malnutrition. Extruded snacks improve the digestibility of proteins and starches and destroys the anti-nutritional factors in food. It's crucial to consider about these nutritious snacks when it comes to providing macro and micronutrients, especially to the nutritionally sensitive population. Because of their increased nutritious value, extruded snacks are becoming increasingly popular among the youthful population. Furthermore, the extrusion technique has a cheaper processing cost and saves money on raw materials, labor, and capital. It takes up less space, uses less manpower, and has a low energy cost.

Market Segmentation:

Potato based extruded snacks held largest market revenue share in the year 2020

Due to high consumption of potato-based extruded products, such as chips and pallet snacks, potato-based extruded snacks will lead over the forecast period. According to the US Census Bureau, almost 60% of the potato grown in the United States is sold as chips, French fries, dehydrated potato snacks, and other potato products. Meanwhile, potato extruded snacks are a healthier alternative to potato snacks. According to recent research, the low-fat level of extruded potato snacks is attributable to their low-fat content in the initial combination and the extrusion technique' limitations. Snacks provide 19% of an adult's daily protein needs and 28% of dietary fiber in 100 grammes. Such factors are anticipated to boost the demand for the potato based extruded snacks over the forecast period.

Due to rising demand for healthy and nutritious snacks among the young population around the world, tapioca-based extruded snacks are predicted to expand at the fastest CAGR during the forecast period. Because of its great nutritional value, tapioca is commonly consumed throughout Latin America, Africa, and Asia in many forms. Over the projection period, these consumer trends are expected to open up new opportunities for tapioca-based extruded snacks.

Geographical Penetration:

Europe is expected to dominate the global extruded snacks market in the year 2020

In 2020, Europe had the greatest market share in the global extruded snack industry, accounting for approximately XX%. Snacking during social occasions in Europe, as well as on-the-go or general snacking, is driving demand for extruded snacks. Furthermore, customers are gradually moving away from unhealthy snacks and toward healthier alternatives such as wheat and cereal snacks. The health benefits of such items are important to customers in the United Kingdom, while Germany is one of the fastest expanding markets for natural and organic healthy foods. Snacks made from wholegrain wheat and other cereals, as well as pulse flours, seeds, and organically processed grains, are becoming increasingly popular. On the other hand, Asia Pacific is expected to grow with highest CAGR during the forecast period, owing to a large population base in countries, such as China and India. According to the Indian Institute of Food Processing Technology, extruded snacks in India is projected to grow at a CAGR of more than 15% during 2019-2024. PepsiCo, ITC, Prataap Snacks, DFM Foods and Haldirams are some of the key players in the India extruded snacks market. Furthermore, due to corporate culture, party culture with beverages and snacks is rapidly expanding in Asian countries, creating new opportunities for extruded snacks in the regional market.

Competitive Landscape:

Owing to the presence of many companies on both the domestic and global levels, the extruded snack market is fragmented. Major players are always increasing their product offering with regional flavors in order to keep clients. To grab the largest market share and increase their client base around the world, leading manufacturers are employing a variety of techniques, including new product launches, mergers and acquisitions, and distribution channel development. For example, PepsiCo, Inc. added 'papadam,' a south Indian extruded snack, to their product portfolio in May 2019. Customers in South India are the company's target market. Calbee, the North American snacking behemoth, said in 2020 that it would be enhancing its snacking experience with new Harvest Snaps Crunchions, which are a superior alternative to typical corn-based snacks and are jam-packed with taste in every bite. The product is a plant-based snack with red lentils as the first ingredient, which are high in nutrients. Calbee purchased Warnock Food Products, Inc. in October 2019 to increase its footprint in the US market and nearby nations.

COVID-19 Impact: Positive impact on the extruded snacks market

As a result of the spread of coronavirus, consumers have become more vigilant about their snacking habits. They are slowly inclining towards healthier snacking foods such as extruded snacks because of the metabolism-related benefits they offer. Good snacking is often well-thought-of as a weight-loss accompaniment, as these snacks have the necessary vitamins and nutrients the body requires. The nutritional substances in extruded snacks can be transformed by altering protein and starch's digestion competence. As Americans stayed at home during the pandemic, sales of salty snacks increased slightly in 2020. Snacks have become one of the most popular items in stores, with sales of PepsiCo brands Lays and Tostitos increasing by 32 percent and 42 percent, respectively. Consumer consumption patterns have shifted dramatically, with "at-home" experimentation with new snacking foods becoming increasingly popular. Chips, popcorn, pretzels, and tortilla chips are all readily available snacks to eat at home, especially on movie nights, and the market has risen slightly as a result. The rising demand for weight control and healthy snacking are likely to drive the global market for extruded snacks during the pandemic.

Why Purchase the Report?

  • Understand the current market scenario and viability of global extruded snacks over the forecast period
  • Visualize the composition of the global extruded snacks market in terms of ingredient, type and distribution channel to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global extruded snacks market - Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global extruded snacks market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:

  • Snacks Manufacturers
  • Raw Material Suppliers
  • Foodservice Industry
  • Food and Beverages Manufacturers
  • Education & Research Institutes
  • Research Professionals
Table of Contents
Product Code: DMFB4283

Table of Contents

1. Global Extruded Snacks Market -Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Global Extruded Snacks Market -Key Trends and Developments

3. Global Extruded Snacks Market - Executive Summary

  • 3.1. Market Snippet by Ingredient
  • 3.2. Market Snippet by Type
  • 3.3. Market Snippet by Distribution Channel
  • 3.4. Market Snippet by Region

4. Global Extruded Snacks Market - Market Dynamics

  • 4.1. Market impacting factors
    • 4.1.1. Drivers
    • 4.1.2. Restraints
    • 4.1.3. Opportunities
  • 4.2. Impact analysis

5. Global Extruded Snacks Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Value chain analysis
  • 5.3. Patent Analysis
  • 5.4. Regulatory Analysis

6. Global Extruded Snacks Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives

7. Global Extruded Snacks Market - By Ingredient

  • 7.1. Introduction
    • 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Ingredient segment
    • 7.1.2. Market attractiveness index, By Ingredient segment
  • 7.2. Potato*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 7.3. Corn
  • 7.4. Rice
  • 7.5. Tapioca
  • 7.6. Others

8. Global Extruded Snacks Market - By Type

  • 8.1. Introduction
    • 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Type segment
    • 8.1.2. Market attractiveness index, By Type segment
  • 8.2. Simply Extruded*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 8.3. Expanded
  • 8.4. Co-Extruded

9. Global Extruded Snacks Market - By Distribution Channel

  • 9.1. Introduction
    • 9.1.1. Market size analysis, and y-o-y growth analysis (%), By Distribution Channel Segment
    • 9.1.2. Market attractiveness index, By Distribution Channel Segment
  • 9.2. Supermarkets and Hypermarkets*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 9.3. Convenience Stores
  • 9.4. Grocery Stores
  • 9.5. Online Sales
  • 9.6. Others

10. Global Extruded Snacks Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key region-specific dynamics
    • 10.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Ingredient
    • 10.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.2.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. South America
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Ingredient
    • 10.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.3.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.3.6.1. Brazil
      • 10.3.6.2. Argentina
      • 10.3.6.3. Rest of South America
  • 10.4. Europe
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Ingredient
    • 10.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.4.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.4.6.1. Germany
      • 10.4.6.2. U.K.
      • 10.4.6.3. France
      • 10.4.6.4. Spain
      • 10.4.6.5. Italy
      • 10.4.6.6. Rest of Europe
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Ingredient
    • 10.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.5.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Ingredient
    • 10.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.6.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel

11. Global Extruded Snacks Market - Competitive Landscape

  • 11.1. Competitive scenario
  • 11.2. Competitor strategy analysis
  • 11.3. Market positioning/share analysis
  • 11.4. Mergers and acquisitions analysis

12. Company Profiles

  • 12.1. Calbee, Inc.*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. PepsiCo, Inc.
  • 12.3. Kellogg Company
  • 12.4. Campbell Soup Company
  • 12.5. General Mills Inc.
  • 12.6. ITC Limited
  • 12.7. Grupo Bimbo, S.A.B. de C.V.
  • 12.8. Old Dutch Foods Inc.
  • 12.9. Lorenz Snack-World
  • 12.10. Amica Chips S.P.A.
  • List not Exhaustive*

13. Global Extruded Snacks Market - DataM

  • 13.1. Appendix
  • 13.2. About us and services
  • 13.3. Contact us