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The global extruded snacks market is projected to reach USD 67.61 Billion by the end of 2027. The market was valued at USD 50.71 Billion in 2020. If these figures hold true, the market will exhibit a CAGR of 4.2 % between 2020 and 2027. Asia Pacific is likely to be the major revenue-generating region in the global extruded snacks market. Customers in this region enjoy numerous snacking options obtainable at reasonable prices.
Extrusion is a form of extrusion used in food processing by which assorted ingredients are pushed through a hole in a perforated plate with a design specific to the food products. Then it is cut into a particular size with the help of blades. The method of extrusion enables constant mass manufacturing of food, in well-organized way that ensures homogeneity of the end product. Food products produced using this method typically contain high starch content. These food items include various breakfast cereals, pasta, bread, ready-to-eat snacks, textured vegetable protein, fat soy, cookie dough, confectionery, and baby foods, pet foods, and beverages.
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The Top Key Players include: Calbee, Diamonds Foods, Frito-Lay, ITC, Kellogg’s, Old Dutch Foods, Arca Continental, Amica Chips, Aperitivos Flaper, AUEVSS, Axium Foods, Bag Snacks, JFC International, Mondelez International, Universal Robina, Want Want Holdings.
Global Extruded Snacks Market Key Segments:
On the Basis of Type:
Potato
Corn
Rice
Mixed Grains
Other
On the Basis of Application:
Hypermarkets and Supermarkets
Independent Retailers
Convenience Stores
On the Basis of Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
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The Extruded Snacks market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Extruded Snacks in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact on Extruded Snacks Market
Chapter 5. Global Extruded Snacks Market Overview, By Application, 2015 – 2027(USD Million)
Chapter 6. Global Extruded Snacks Market Overview, By Distribution Channel, 2015 – 2027(USD Million)
Chapter 7. Global Extruded Snacks Market Overview, By Geography, 2015 – 2027(USD Million)
Chapter 8. North America Extruded Snacks Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 9. Europe Extruded Snacks Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 10. Asia Pacific Extruded Snacks Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 11. Middle East & Africa Extruded Snacks Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 12. South America Extruded Snacks Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Extruded Snacks Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
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- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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