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Thursday, July 22, 2021

Global Extruded Snack Food Market to be Driven by changing lifestyles and food habits in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Extruded Snack Food Market Report and Forecast 2021-2026’, gives in-depth analysis of the global extruded snack food market, assessing the market based on its segments like material, type, extrusion method, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2016-2026):

  • Historical Market Size (2020): USD 84.3 Billion
  • Forecast CAGR (2021-2026): 2.3%
  • Forecast Market Size (2026): USD 94.45 Billion

Consumers are becoming more conscious of their snacking habits and are increasingly adopting healthier snacking foods such as extruded snacks due to the metabolic benefits they provide. Healthy snacking is also well-regarded as a supplement to weight loss, as these snacks provide the body with important vitamins and nutrients. Protein and starch digestion skill can be modified to change the nutritional content of extruded snacks. Over the forecast period, the global extruded snacks market is expected to be driven by growing demand for weight control and healthy snacking.

Industry Definition and Major Segments

Food extrusion is a type of extrusion technique used in food processing. It is a method of forcing a variety of ingredients through an opening in a holed die or plate with a pattern that is visible to the food. Then, with the aid of scissors, it is cut to the desired amount.

Explore the full report with the table of contents@

On the basis of material, the industry is divided into:

On the basis of types, the industry is categorized into:

  • Simply Extruded
  • Expanded
  • Co-Extruded

On the basis of extrusion method, the industry is bifurcated into:

  • Single screw processing
  • Twin screw processing

On the basis of distribution channel, the industry is segmented into:

  • Supermarkets/Hypermarkets
  • Convenience stores
  • Specialty food stores
  • Online retail
  • Others

Latest News on Global Extruded Snack Food Market@

Based on region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The market is being driven by changing lifestyles and eating habits, a growing preference for ready-to-eat prepared food, lower commodity costs, and a thriving retail industry. Market expansion is aided by rapid urbanisation and rising disposable income. The market’s growth could be limited by high production costs, volatile raw material prices, and rising health concerns. However, the introduction of regional and local flavours in extruded snacks, as well as increasing demand for healthier extruded snacks, are expected to open new business opportunities. Despite reaching maturity levels in developed markets, demand for extruded snack foods is expected to rise in emerging markets over the forecast period, owing to a variety of growth-promoting factors. As a result of increased urbanisation, the vast majority of the population now lives in a fast-paced environment. Extruded snack food demand is expected to rise in emerging regions due to an increase in the number of young people and rising disposable incomes. In the global extruded snacks market, Asia Pacific is likely to be the most lucrative region. Customers in this area have access to a variety of snacking options at affordable prices. Over the forecast period, however, the demand in this area will be driven by a change in consumer preference toward snacks with health benefits.

Key Market Players

The major players in the market Baker Perkins, Chipita S.A., Bunge North America, Inc., Clextral among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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