Extruded Snacks Market Is Estimated To Account For A CAGR Of Over 5.7% By 2032

Zion Market Research has published a new report titled “Global Extruded Snacks Market – By Type (Simply Extruded, Expanded, and Co-Extruded), By Raw Material (Wheat, Potato, Corn, Oats, Rice, Multigrain, and Others), By Method of Manufacturing (Single-Screw Extruder and Twin-Screw Extruder), By Distribution Channel (Hypermarkets & supermarkets, Convenience stores, E-commerce Platforms, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” According to the report, global demand for the Extruded Snacks market was valued over USD 61.97 Billion in 2023 and is projected to hit USD 102.07 Billion by 2032, with a compound annual growth rate (CAGR) of 5.7% during the forecast period 2024-2032.

Browse the full “Global Extruded Snacks Market – By Type (Simply Extruded, Expanded, and Co-Extruded), By Raw Material (Wheat, Potato, Corn, Oats, Rice, Multigrain, and Others), By Method of Manufacturing (Single-Screw Extruder and Twin-Screw Extruder), By Distribution Channel (Hypermarkets & supermarkets, Convenience stores, E-commerce Platforms, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/extruded-snacks-market

The wheat category is expected to dominate the global Extruded Snacks market during the forecast period

The wheat category is projected to hold the majority of the market share during the forecast period owing to the escalating demand for low fat and low carbohydrate products. In addition, the health-conscious consumers’ inclination toward a high fiber diet is thereby booming the popularity of wheat as a healthy raw material. The consumers’ requirement for a healthy alternative for conventional raw materials is predicted to increase the demand for wheat which, in turn, will augment the Extruded Snacks market growth.

Expanded snacks are projected to record the highest CAGR during the forecast period

Expanded category from the extruded snacks type segment is projected to exhibit significant growth owing to the increasing demand for various multigrain snacks of high fiber and nutrient content that fall under this category. The increasing awareness about health is likely to boost the demand for expanded snacks. These snacks are gaining a lot of popularity owing to the demand for baked, roasted, high-fiber, and low-calorie healthy snacks.

Hypermarkets & supermarkets is estimated to dominate the global Extruded Snacks market during the forecast period

Hypermarkets & supermarkets are estimated to dominate the global Extruded Snacks market during the forecast period. The growth is estimated to be owing to the wide range of multiplicities offered and the benefit of real-time comparison among brands for consumers. The hypermarkets & supermarkets will increase the on-the-go snacking trend and also intensify the purchases which, in turn, will bolster the growth of the Extruded Snacks market.

Single-screw extruder is projected to hold the majority of the market share during the forecast period

The single-screw extruder category held the highest market share of the global Extruded Snacks market in 2018 owing to the increasing demand for cheaper priced extruders. However, the twin-screw extruders are projected to witness the fastest growth during the forecast period owing to its higher pumping efficiency and mixing ability. In addition, the ability to alter the configurations of the end products and also to adapt to different snack ingredients is encouraging many manufacturers to shift toward using twin-screw extruders.

Asia Pacific is estimated to exhibit the highest growth in the global Extruded Snacks market

The growing population and the inclination of people toward Western culture in the Asia Pacific region are likely to boost the growth of the global Extruded Snacks market during the forecast period. In addition, the rising disposable income and constant on-the-go snacking trend among the people due to the busy lifestyle are anticipated to bolster the extruded snacks market. The economic conditions in various countries have encouraged people to opt for domestic or generic brands, thereby propelling the extruded snacks market. The increasing hypermarkets & supermarkets infrastructure will further bolster the demand for extruded snacks in the Asia Pacific region.

Key Market Players:

Some of the key market players in the global Extruded Snacks market include PepsiCo, Inc., Calbee, Inc., Campbell Soup Company, ITC Limited, Old Dutch Foods Inc., Grupo Bimbo, Kellogg Company, S.A.B. de C.V., General Mills, Inc., Lorenz Snack-World , Amica Chips S.p.A., Universal Robina Corporation, ICA Foods International, JFC International, Ballreich Snack Food Company, Balance Foods, Inc., Tropical Heat, Chipita S.A., Griffin’s Foods Limited, Barrel O’ Fun Snack Foods Co., Inc., and San Carlo.

The report on the global Extruded Snacks market is segmented into:

Global Extruded Snacks Market: By Type Segmentation Analysis

• Simply extruded
• Expanded
• Co-extruded

Global Extruded Snacks Market: By Raw Material Segmentation Analysis

• Wheat
• Potato
• Corn
• Rice
• Multigrain
• Oats
• Others

Global Extruded Snacks Market: By Method of Manufacturing Segmentation Analysis

• Single-screw extruder
• Twin-screw extruder

Global Extruded Snacks Market: By Distribution Channel Segmentation Analysis

• Convenience stores
• Hypermarkets & supermarkets
• E-commerce platforms
• Others

Global Extruded Snacks Market: By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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