Covid-19 Impact On Extruded Snacks Market Value, Future Trends, Application, Opportunity Analysis

By Author: Nikhil khadilkar
Total Articles: 580
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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 Market Value.

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. Moreover, innovation with flavors in extruded snacks is boosting 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.

Competitive Analysis

The Major Players In The Extruded Snacks Market

Calbee, Inc. (Japan)
Kellogg Co. (U.S.)
Frito-Lay North America, Inc (U.S.)
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.

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 self-picking 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.

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