Extruded Snacks Market

Global Extruded Snacks Market Size (2024 to 2032)

The global extruded snacks market size is worth USD 52.64 billion in 2024, and it is estimated to reach a valuation of USD 74.29 billion by the end of 2032, rising at a CAGR of 4.4% during the forecast period. The market is primarily driven by higher disposable income and lifestyle changes for the Millennium generation.

The extrusion technique used in food processing is known as food extrusion. Extruded cooking is considered an energy-efficient way of making ready-to-eat food and snacks. It is a procedure of forcing various assorted ingredients through a hole in a die or perforated plate in a precise pattern on the menu. It provides multiple functions in terms of product shape and texture that can be selected and produced. Extruded sandwiches are made with a variety of ingredients like corn, potatoes, and tapioca. Then use a utility knife to cut to size. The extruder consists of a large rotary screw that mounts securely inside a fixed barrel.

Food can be manufactured in large quantities through a systematic and systematic system that guarantees the homogeneity of the final product through the extrusion process. Foods made with this technique generally have a very high starch content. These foods include breakfast cereals, pasta, bread, edible vegetable protein, ready-to-eat snacks, cookie dough, fatty soy sauce, confectionery, and certain pet foods, baby food, and beverages. The extrusion process decreases the number of microorganisms in the final product and eliminates natural toxins. Therefore, extruded sandwiches are relatively safe. Breakfast cereals, onion rings, jelly beans, bread, and processed cheese are some of the commercially available extruded snacks. A busy lifestyle that shortens meal times is expected to fuel the growth of the extruded snack industry during the forecast period.

MARKET DRIVERS

An important factor fueling the global size of the extruded snack market in the future is the growing consumer preference for ready-to-eat packaged foods.

These changes in consumer behavior may be due to an increase in disposable income worldwide, which increases the ability to consume convenience products every day, according to the needs and demands of consumers. Additionally, healthy snacks are considered beneficial for weight loss plans, and meals provide the body with the nutrients and vitamins it needs. Therefore, as the demand for healthy snacks and weight management increases, the demand for products worldwide will increase during the forecast period. Due to the increased adoption of westernization and high disposable income among consumers, lifestyle changes are supposed to increase the growth of the global extruded snack market during the outlook period. Furthermore, changes in consumer behavior patterns that change from full meals to snacks are assumed to spur market growth. Increased retail investment in hypermarkets and the expansion of supermarkets will further increase growth opportunities for the extruded snack market.

Furthermore, with the growing concern among people about maintaining a healthy diet, the demand for low-carb and low-fat foods is increasing, which is expected to increase the global market for extruded snacks. Extruded snack sales will increase during the forecast period as demand for many high-fiber, nutrient-rich, refreshing snacks increases among the Millennium generation. In addition, hypermarkets and supermarkets are presumed to drive the trend for snacks and shopping to drive growth in the extruded snack market. As the economic situation in several regions improved, it was hoped to expand the global extruded snack market by forcing people to choose generic or national brands. The introduction of regional and regional flavors of extruded sandwiches by taxpayers is an effective tactic to penetrate the local market and understand consumer tastes and preferences. Also, aggressive marketing strategies and competitive pricing from top companies are anticipated to accelerate demand for products and expand the size of the extruded snack market in the future.

MARKET RESTRAINTS

High production costs, fluctuating raw material prices, and increasing health problems can limit market growth.

 Strict laws and regulations applied by regulatory agencies to maintain the overall quality of snacks also influenced the processor of choosing high-end machines. This is suspected of promoting the growth of the extrusion snacks market in the future.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Extruded snacks market Analysis By Type

Potato and corn lead the largest share of the extruded snacks market. There are various types of snacks that are made using these types, which kids usually like to eat. The companies do make the best use of these ingredients as they can be cooked very easily in different styles. Launch of various recipes using this product according to the customer’s flavors is elevating the growth rate of the market.  Potato chips and other snacks have huge demand from consumers across the world, which is propelling the growth rate of the market.

The rice segment will eventually gain huge traction over the growth rate of the market during the forecast period. The growing preference to eat snacks in a healthy way is likely to enhance the new opportunities for the market in the coming years.

Global Extruded snacks market Analysis By Distribution Channel

The hypermarket segment is driven by the rising number of stores everywhere, with the growing public’s preference to purchase variant products exclusively at one store. Especially in urban cities, people are more likely to purchase groceries or other products in the nearest hypermarkets as this is one of the most convenient ways to buy all the products at one stop. The convenience stores segment will also have a prominent growth rate in the coming years. The easy availability of a wide range of household goods and groceries in a store with extended opening hours and convenience for varied customers is set to elevate the growth rate of the market. Rapid urbanization and increasing disposable income are major factors in the growth rate of the extruded snacks market.

REGIONAL ANALYSIS

Population growth in the Asia-Pacific and people's propensity for Western culture will accelerate the growth of the extruded snack market worldwide during the forecast period. North American country-level analysis includes the United States, Canada, and other North American countries. The study and forecast of the European market for machinery for the manufacture of extruded snacks include markets throughout the United Kingdom, Germany, France, and other countries in Europe. Similarly, the Asia Pacific market includes India, China, Japan, and others. The Middle East and Africa market analysis includes GCC countries, South Africa, and the rest of the Middle East and Africa.

Furthermore, due to busy lifestyles, the increase in people's disposable income and the trend of continuous snacks is expected to strengthen the regional and global extruded snack market. Due to the economic conditions in many countries, the extruded snack market was promoted by encouraging people to choose national or generic brands. The growing hypermarket and supermarket infrastructure will further drive demand for extruded snacks in the Asia Pacific region.

KEY PLAYERS IN THE GLOBAL EXTRUDED SNACKS MARKET

Major Key Players in the global extruded snacks market are Amica Chips, Calbee, Kellogg's, ITC, Frito-lay, Old Dutch Foods, and Diamonds Foods. 

RECENT HAPPENINGS IN THE MARKET

• In October 2019, Calbee (USA) acquired Warnock Food Products, Inc., expanding its presence in the US market and neighboring countries.
• In May 2018, PepsiCo (USA) will take over Bare Snacks, a healthy snack manufacturing company, to help expand its portfolio in the healthy snack segment.
• In October 2018, Calbee (UK) Ltd acquired Seabrook Crisps Ltd., expanding its presence in the United Kingdom.
• As of May 2018, Kellogg Company (USA) had a 1% interest in Multipro, a diverse food distributor in Nigeria and Ghana.
• January 2018 General Mills, Inc. (USA) has invested in a variety of producers of ready-to-eat vegetable juice, snacks and cold pressing for vegetable food company Urban Remedy. Certified and non-genetically modified products. This allows General Mills to expand its portfolio of plant-based products.

DETAILED SEGMENTATION OF THE GLOBAL EXTRUDED SNACKS MARKET INCLUDED IN THIS REPORT   

This research report on the global extruded snacks market has been segmented and sub-segmented based on type, distribution channel, & region.            

By Type

• Potato      
• Corn          
• Rice           
• Tapioca    
• Mixed Grains        
• Others    

By Distribution Channel

• Hypermarkets      
• Independent retailers       
• Convenience stores      

By Region 

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