According to the Market Statsville Group (MSG), the global Extruded Snacks Market size is predicted to grow from USD 54.3 billion in 2022 to USD 87.2 billion by 2033, at a CAGR of 4.4% from 2023 to 2033

The extruded snacks market refers to the industry segment that produces and markets a variety of snack products that are made using the extrusion process. Extrusion is a food processing technique that involves forcing a mixture of ingredients through a specialized machine called an extruder, which applies heat and pressure to cook the mixture and shape it into a desired form. This method is commonly used to create a wide range of snacks, including chips, puffs, curls, sticks, and more.

Key points about the extruded snacks market:

  1. Diversity of Products:The extrusion process allows for the creation of a diverse range of snack products with various shapes, textures, and flavors. This versatility has led to the production of popular snacks like cheese puffs, corn chips, cereal-based snacks, and more.
  2. Ingredients:Extruded snacks are typically made from a combination of ingredients such as cereal grains (corn, rice, wheat), legumes, starches, flavorings, seasonings, and often include added nutrients. The ingredients are mixed and then processed through the extruder, resulting in the final snack product.
  3. Global Market:The extruded snacks market is a global industry, with a presence in various regions around the world. Different cultures and consumer preferences contribute to the wide variety of extruded snack products available in different markets.

 

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Extruded Snacks Market Dynamics

The extruded snacks market is influenced by various dynamic factors that shape its growth, trends, and overall trajectory. These dynamics encompass a wide range of factors that impact the production, consumption, and marketing of extruded snacks. Here are some key dynamics that play a role in shaping the extruded snacks market:

  1. Consumer Preferences and Trends:Changing consumer preferences for convenience, taste, health, and dietary preferences heavily influence the types of extruded snacks that are popular. As consumer awareness about health and wellness increases, there is a growing demand for healthier, natural, and organic options.
  2. Innovation and Product Development:Continuous innovation in flavors, ingredients, textures, and packaging helps companies create unique and appealing extruded snack products. Companies invest in research and development to introduce novel flavors, shapes, and formulations to cater to diverse consumer demands.
  3. Health and Nutrition Concerns:The increasing emphasis on healthier snacking options has driven manufacturers to develop extruded snacks with better nutritional profiles, including reduced fat, sodium, and artificial additives. The inclusion of whole grains, legumes, and functional ingredients also responds to consumer demand for healthier choices.
  4. Market Competition:The extruded snacks market is highly competitive, with numerous brands and players vying for market share. Companies compete by differentiating their products through branding, marketing strategies, and product quality.
  5. Globalization and Cultural Influence:The market is influenced by cultural and regional preferences, leading to the creation of diverse flavors and snack variations tailored to specific markets. Multinational brands often localize their products to resonate with local tastes.

 

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Market Segmentation Analysis

The study categorizes the global Extruded Snacks market based on equipment type, technology, type, installation method, distribution channel, application, and regions.

By Type Outlook (Sales, USD Billion, 2019-2033)

  • Sweet
  • Savory

By Raw Material Outlook (Sales, USD Billion, 2019-2033)

  • Potato
  • Rice
  • Corn
  • Mixed Grain
  • Tapioca
  • Others

By Distribution Channel Outlook (Sales, USD Billion, 2019-2033)

  • Convenience Stores
  • Hypermarkets & Supermarkets
  • E-Commerce Platforms
  • Other

By Method of Manufacturing (Sales, USD Billion, 2019-2033)

  • Single- Screw Extruder
  • Twin- Screw Extruder

By Region Outlook (Sales, Production, USD Million, 2019-2033)

  • North America (Mexico, Canada, US)
  • South America (Peru, Brazil, Colombia, Argentina, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

 

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REGIONAL ANALYSIS, 2023

Based on the region, the global Extruded Snacks market has been analyzed and segmented into five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America has been a prominent market for Extruded Snackss due to high consumer spending on electronics and a strong demand for home entertainment systems. The United States, in particular, has a large market for Extruded Snackss, driven by the popularity of streaming services and the desire for immersive audio experiences.

The Asia Pacific region, including countries like China, Japan, and South Korea, has witnessed substantial growth in the Extruded Snacks market. Factors contributing to this growth include the rising disposable income, increasing urbanization, and the growing popularity of home theater systems among consumers in the region.

 

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Major Key Players in the Extruded Snacks Market

The global Extruded Snacks market is fragmented into a few major players and other local, small, and mid-sized manufacturers/providers, they are –

  • PepsiCo
  • Kellogg Company
  • Calbee, Inc
  • ITC limited
  • Mondelez International
  • JFC International
  • General Mills
  • Grupo Bimbo
  • Lorenz Snack World
  • American Extrusion International
  • Pavan Group