Report Overview

Global Extruded Snacks Market – Market Forecast & Trends

The different routine owing to the growing acceptance of westernization and high one-use income among the customers is predictable to supplement the development of the worldwide Extruded Snacks market during the prediction period. In total, the alteration in the consumer behavior design that is the change from full-fledged meal to snacking is expected to boost the market growth. The increasing reserves by the retail industry in the growth of hypermarkets and supermarkets will be added to increase the development chances for the Extruded Snacks market. Additionally, the rising worry over preserving a healthy diet among the people is increasing the demand for low carbohydrate and low-fat foods, which, in turn, are predictable to boom the global Extruded Snacks market. The rising obligation for many multigrain snacks of high fiber and nutrient content among the millennials will surge the sales of extruded snacks during the prediction period. Besides, the hypermarkets & supermarkets are predicted to increase the on-the-go snacking trend and increase the purchases, which, in turn, will boost the growth of the Extruded Snacks market. The refining financial conditions in various areas have bound the people to opt for generic or domestic brands, thereby predictable to enlarge the global Extruded Snacks market.

Global Extruded Snacks Market – Overview

Extrusion technique, which is used in food handling, is recognized as food extrusion. It is a procedure by which several varied ingredients are forced through an opening in a holed die or plate with a design explicit to the food. Then it is a designated size with the help of edges. The extruder machine contains a large rotating screw resolutely fitted within a fixed barrel; at the end of the tub is the die. The procedure of extrusion permits the mass manufacturing of food through an endless, well-organized system that assurances the similarity of the product. Food products, which are manufactured using this method typically, have very high thickener content in them. These food items comprise many breakfast portions of cereal, ready-to-eat snacks, cookie dough, fat soy, confectionery, some pasta, bread, textured vegetable protein and certain pet foods, baby foods, and beverages.

Growth Drivers

Changing consumer lifestyles and consumption patterns increase the need for convenience in foods

Augmented consumer expenses are being perceived in current years on products ranging from frozen food products to wrapped beverages. This is due to the altering routine patterns (food habits). This conversion in consumer behavior is expected to drive the food industry development significantly, which in turn, is probable to quicken the product request in the coming years, which will subsequently increase the extruded snack market size throughout the globe. This change in consumer conduct can be credited to the rising disposable income across the globe, which increases the spending competence of customers on daily suitability products as per their needs and needs.

Expansion in the retail industry resulting in a huge number of hypermarkets and supermarkets across the globe

The wide variety of diversities available and the benefit of real-time distinction amid brands for customers are the major causes for the achievement of hypermarkets and supermarkets for this market. In addition, these formats not only provide the on-the-go snacking trend but also support instinct purchases. The main issue for extruded snacks market growth in this distribution channel is the manifold options and diversities of products and brands available to the consumers. Moreover, consumers prefer supermarkets and hypermarkets as they provide self-picking shopping practice and price comparison suitability at the shopping venue. Also, in-store promotions and manufacturers’ need on shelf space of these channels shall positively influence product requests in the coming years.

Global Extruded Snacks Market: Segmentation

The Global Extruded Snacks Market is segmented into Wheat, Potato, Corn, Oats, Rice, and Multigrain. The wheat section in the extruded snacks market is projected to account for the largest share in 2019. Wheat is low in fat and carbohydrates as likened to potato and corn, and high in nutritional fibers. Wheat is attaining admiration as a healthy snack option, and manufacturers have been emerging products in an extensive variety of flavors. Companies are also advertising their products by directing consumers who prefer such healthy snacks and are providing healthier replacements by replacing conservative raw materials.

By the method of manufacturing, the single-screw section accounted for a preferred share in the extruded snacks market in 2018, due to its low price. However, the twin-screw extruders are projected to be the faster-rising segment through 2026. This is because the twin-screw extruder has better mixing ability and upper pumping efficiency than the single-screw extruder. Twin-screw extruders can impart an advanced number of possible configurations to the final product, to reach a diverse shape and has more extensive flexibility to snack fixings.

Because of the distribution channel, the global market can be segmented into independent retailers, convenience stores, hypermarkets, and supermarkets. Hypermarkets and supermarkets established the extreme market share in the worldwide-extruded snacks market. These supermarket and hypermarket stores are well stocked with many ranges of extruded snacks from several brands. Consumers select hypermarkets and supermarkets for their shops owing to the in-store publicity by vendors combined with price contrasts. These factors are likely to spur the development of the global extruded snacks market in the future.

Geographically, the global extruded snacks market can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.  The Asia Pacific is probable to be the significant revenue-making area in the global extruded snacks market. Customers in this area enjoy numerous snacking choices obtainable at reasonable prices. However, an unstable favorite toward snacks with health interests will drive the market in this region over the prediction period.

Global Extruded Snacks Market: Regional insights

APAC is predictable to be the main revenue-making area in the global market and is likely to occupy more than 43% of the total market income by 2020. Consumers in APAC prioritize the suitability of procurement and taste of snacks, which has increased the request for extruded snacks in the region. Factors such as wide obtainability of various snacking options available at sensible prices will boost the development forecasts for the market development in this region during the prediction period.

Competitive Landscape

Calbee, Inc. (Japan), PepsiCo, Inc. (US), Kellogg Company (US), Campbell Soup Company (US), General Mills, Inc. (US), ITC Limited (India), Grupo Bimbo, S.A.B. de C.V. (Mexico), Old Dutch Foods Inc. (US), Lorenz Snack-World (Germany) , Amica Chips S.p.A. (Italy), Universal Robina Corporation (Philippines), Balance Foods, Inc. (US), JFC International (US), Ballreich Snack Food Company (US), Barrel O’ Fun Snack Foods Co., Inc. (US), Chipita S.A.(Greece), Tropical Heat (Kenya), Griffin’s Foods Limited (New Zealand), ICA Foods International (Italy), and San Carlo (Italy).

Recent Development

Ø  In October 2019, Calbee (US) attained Warnock Food Products, Inc. to increase its presence in the US market and neighboring countries.

Ø  In October 2018, Calbee (UK) Ltd. learnt Seabrook Crisps Ltd. to enlarge its occurrence in the UK.

Ø  In May 2018, PepsiCo (US) acquired Bare Snacks, a healthy snack manufacturing company, which would help it to spread its collection in the healthy snacks section.

The objective of the Study:

Ø  To analyze and forecast the Global Extruded Snacks Market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Extruded Snacks Market segmented into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.

Ø  To outline, categorized, and forecast the Global Extruded Snacks Market based on the Type, Raw Material, Manufacturing Method, Distribution Channel and Regional.

Ø  To examine competitive developments like Type, Raw Material, Manufacturing Method, Distribution Channel and Regional within the Global Extruded Snacks Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Business Questions Answer by the Report

Ø  How will the market drivers, restraints, and opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and one will be the fastest - growing, and why?

Ø  A comprehensive survey of the competitive landscape and the market participant players

Ø  Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

Ø  With five additional company detail analysis

Ø  Additional country analysis

Ø  Detailed segment analysis