Extruded Snacks Market Size, Share, Trends, Growth 2032

Extruded Snacks Market Insights

According to a report from Zion Market Research, the global Extruded Snacks Market was valued at 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.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Extruded Snacks industry over the next decade.

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Extruded Snacks Market: Growth Factors

The report covers in-depth analysis of the strategies adopted by major competitors in the global Extruded Snacks market. To understand the competitive landscape in the global Extruded Snacks market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

The changing lifestyle owing to the increasing adoption of westernization and high disposable income among the consumers is projected to augment the growth of the global Extruded Snacks market during the forecast period. In addition, the change in the consumer behavior pattern that is the transition from full-fledged meal to snacking is anticipated to boost the market growth. The rising investments by the retail industry in the expansion of hypermarkets and supermarkets will further boost the growth opportunities for the Extruded Snacks market.

Additionally, the growing concern over maintaining a healthy diet among the people is increasing the demand for low carbohydrate and low fat foods which, in turn, are expected to boom the global Extruded Snacks market.

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The growing requirement for various multigrain snacks of high fiber and nutrient content among the millennials will increase the sales of extruded snacks during the forecast period. Furthermore, the hypermarkets & supermarkets are predicted to increase the on-the-go snacking trend and also intensify the purchases which, in turn, will bolster the growth of the Extruded Snacks market. The improving economic conditions in various regions have compelled the people to opt for generic or domestic brands, thereby projected to expand the global Extruded Snacks market.

Extruded Snacks Market: Segmentation

The research study provides a decisive view on the global Extruded Snacks market based on Type, Raw Material, Method of Manufacturing, Distribution Channel, and Region.

On the basis type, the global Extruded Snacks market is divided into Simply Extruded, Expanded, and Co-Extruded.

Based on the raw material, the market for extruded snacks is segregated into Wheat, Potato, Corn, Oats, Rice, Multigrain, and Others.

By method of manufacturing, the market is categorized into Single-Screw Extruder and Twin-Screw Extruder.

In terms of distribution channel, the Extruded Snacks market is segmented into Hypermarkets & supermarkets, Convenience stores, E-commerce Platforms, and Others.

Extruded Snacks Market: Report Scope

Extruded Snacks Market: Regional Insights

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

Extruded Snacks Market: Competitive Space

The global extruded snacks market profiles key players such as

• 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
• 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