Extruded snacks market 1

Extruded Snacks Market Research Report
Extruded Snacks Market Research Report-
Forecast till 2023
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Extruded Snacks Market Research Report
Extruded Snacks Market Overview
Extruded snacks Market are derived through extrusion process of blending, shaping,
drying, flavoring and packaging. Most commonly used sources for extrusion snacks
are potato, rice, corn, tapioca, mixed grain, and others. Extrusion is an important
food processing technique for the preparation of nutritious food for which extruded
snacks are gaining popularity as a healthy snack. Increasing health conscious
population and their awareness towards healthy snacking is driving the growth of
Extruded Snacks Industry.
Market Forecast
Extrusion is a process that combines several operations such as mixing, cooking,
kneading, shearing, shaping and forming. It is a popular means of preparing healthy
snacks and ready to eat foods. High inclination of consumers towards ready to eat
packaged foods is driving the growth of extruded snacks market.
Changing lifestyle and consumers’ consumption pattern is further driving the growth
of extruded snacks market. Furthermore, aggressive marketing strategies and
attractive packaging is adding fuel to the growth of extruded snacks market. All these
factors are projected to contribute to the estimated CAGR of 4.9% of extruded snacks
market during the forecast period 2017-2023.
Latest Industry Updates
Jan 2018 GEA plans to extend their portfolio following their acquisition of Pavan
Group in Italy, which supplies extrusion and milling technology for processing pasta,
snacks and breakfast cereals.
Dec 2017 Prataap Snacks, a leading Indian snack foods company with products
spanning across various categories like extruded snacks, chips & namkeen, has
entered the category of sweet snacks market through its wholly owned subsidiary
with the launch of its new brand 'Rich Feast'.
Competitive Analysis
The Major Players In The Extruded Snacks Market
• Calbee, Inc. (Japan)
• Kellogg Co. (U.S.)
• Frito-Lay North America, Inc (U.S.)
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Extruded Snacks Market Research Report
• ITC (India)
• Diamond Foods Inc. (U.S.)
• Mondelez International Inc. (U.S.)
• Old Dutch Foods, Inc. (U.S.)
Downstream Analysis
Extruded Snacks Market can be segmented based on type such as sweet and savory.
Savory segment is dominating the extruded snacks market and is expected to
witness a substantial growth over the estimated period. Whereas sweet segment is
projected to grow at a moderate rate in the coming years.
On the basis of source, extruded snacks market is segmented into potato, rice, corn,
tapioca, mixed grain, and others. Among all, potato segment is dominating the
market owing to its attribute of easy break down with definite flavor. However, rice
and corn are expected to witness substantial growth in the coming years.
Based on distribution channel, extruded snacks are segmented into store based and
non-store based. Store based distribution channel is dominating the market among
which hypermarket and supermarket are the major contributors based on selfpicking
shopping experience and multiple brand options available to the customers.
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Regional Analysis
The global Extruded Snacks Market is segmented into North America, Europe, Asia
Pacific and rest of the world (RoW). Asia Pacific is dominating the market based on
a wide range of variety available to the consumers at reasonable prices. India is the
major contributor to the growth of extruded snacks market in Asia Pacific.
Europe is expected to grow substantially over the forecast period owing to high
inclination towards healthy snacking among the consumers. In North America, the
U.S. is the major contributor of extruded snacks market. Moreover, continuous
innovations and intense competition among key players is growing the extruded
snacks market in rest of the world.
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Extruded Snacks Market Research Report
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