Global Extruded Snacks Market Size By Product Types, By Distribution Channels, By Flavors, By Geographic Scope And Forecast

Extruded Snacks Market Size And Forecast

Extruded Snacks Market size was valued at USD 49.30 Billion in 2023 and is projected to reach USD 72.2 Billion By 2030, growing at a CAGR of 7.21% during the forecast period 2024 to 2030.

The Extruded Snacks Market encompasses a wide array of snack products that are manufactured through the extrusion process. Extrusion involves the use of high pressure and temperature to force a mix of ingredients through a die, resulting in the formation of snack products with unique shapes and textures. These snacks typically include items such as puffed corn curls, cheese balls, pretzels, and various types of crisps. The market includes both savory and sweet extruded snacks, catering to diverse consumer preferences.

Global Extruded Snacks Market Drivers

The market drivers for the Extruded Snacks Market can be influenced by various factors. These may include

• Shifting Consumer Preferences Due to their quick accessibility, variety of flavors, and extended shelf life, extruded snacks satisfy the growing demand from consumers for ready-to-eat, handy snacks.
• Convenient snack options Convenient snack options with less preparation are preferred by customers due to their hectic lifestyles brought about by urbanization. This demand is met by extruded snacks because they are portable.
• Growing Disposable Income As customers’ disposable incomes rise, they are more inclined to spend money on handy and decadent snack options, which has led to an increase in the market for extruded treats.
• Innovative Product Offerings Manufacturers are constantly coming up with new flavors, forms, and textures for their extruded snacks, which keeps customers interested and draws in new ones, which propels market expansion.
• Health and Wellness Trends In an effort to appeal to consumers who are health-conscious, producers are bringing better versions of extruded snacks, which were previously seen to be decadent treats. These snacks include whole grains, veggies, and legumes.
• Increasing Retail Channels Extruded snacks are now more widely available to customers worldwide thanks to their distribution through a variety of retail channels, including supermarkets, convenience stores, internet retailers, and vending machines.
• Growing Popularity in Emerging Markets As a result of shifting lifestyles, rising urbanization, and increased consumer knowledge of handy snack options, extruded snacks are becoming more and more popular in emerging markets, particularly in Asia-Pacific and Latin America.
• Marketing and Advertising Strategies Manufacturers’ successful marketing initiatives and advertising plans have been crucial in raising consumer awareness and boosting demand for extruded snacks.
• Research and development expenditures Extruded snacks are becoming more and more popular with consumers as a result of producers’ research and development expenditures aimed at enhancing the product’s quality, flavor, and nutritional profile.
• Growth of Snacking times The market potential for extruded snacks is further expanded by the fact that they are increasingly being consumed as meal replacements or alongside meals, in addition to being consumed during typical snacking times.

Global Extruded Snacks Market Restraints

Several factors can act as restraints or challenges for the Extruded Snacks Market. These may include

• Health Concerns Despite efforts to offer healthier options, a lot of extruded snacks still include high amounts of sugar, salt, and bad fats. This could turn off consumers who are concerned about their health and draw attention from regulators.
• Competition from Healthier Alternatives The market for extruded snacks is under competition from an increasing number of customers who are actively looking for healthier snack options, such as fruit snacks, almonds, and protein bars.
• Volatility in Raw Material Prices Changes in the cost of grains used to make extruded snacks, such as corn, wheat, and other cereals, can have an effect on manufacturers’ profit margins and change consumer prices.
• Disruptions in the supply chain Disruptions in the supply chain caused by events such as natural catastrophes, geopolitical conflicts, or worldwide pandemics can have an effect on raw material availability, production methods, and distribution networks, which in turn can have an effect on the stability of the market.
• Tight Regulatory Environment As food safety, labeling, and advertising restrictions increase, firms must pay more to comply with them, which could impede their ability to develop new products or enter new markets.
• Unfavorable Public Perception Consumer perceptions of extruded snacks might be affected by unfavorable press regarding the health effects of specific snack ingredients or manufacturing methods, as well as worries about environmental sustainability and packaging waste.
• Economic Uncertainty When consumers prioritize necessary purchases over indulgent snacking, economic downturns or recessions may result in lower spending on discretionary goods like extruded snacks.
• Regional Preferences and Cultural Factors Extruded snacks may not be as well-accepted or adopted in other markets due to variations in taste preferences, dietary practices, and cultural norms; these differences may call for tailored marketing and product tactics.
• Product Fragmentation and Overcrowding There are many brands and items vying for consumers’ attention in the highly fragmented extruded snack industry. The result of this congestion may be pricing wars, margin pressure, and difficulties fostering brand loyalty.
• Environmental Concerns As customers become more conscious of environmental sustainability issues, they may seek for snacks that have the least negative impact on the environment. This could lead to a demand for eco-friendly packaging or alternatives to traditional extrusion methods.

Global Extruded Snacks Market Segmentation Analysis

Global Extruded Snacks Market is segmented based on Product Types, Distribution Channels, Flavors And Geography.

Extruded Snacks Market, By Product Types

• Extruded Potato Snacks Crispy snacks made from potato-based extrusions, offering a savory crunch.
• Extruded Corn Snacks Crunchy treats crafted from extruded corn, delivering a delightful corn flavor in every bite.
• Extruded Rice Snacks Light and airy snacks created from extruded rice, providing a satisfying crunch with a subtle rice essence.
• Extruded Mixed Grain Snacks Wholesome snacks combining various grains in extruded form, offering a blend of textures and flavors.

Extruded Snacks Market, By Distribution Channels

• Supermarkets/Hypermarkets Convenient retail locations offering a wide selection of extruded snacks for shoppers.
• Convenience Stores Easily accessible outlets providing on-the-go options for consumers seeking quick snacks.
• Online Retail Digital platforms offering a diverse range of extruded snacks for purchase and delivery at the convenience of the buyer.

Extruded Snacks Market, By Flavors

• Cheese Irresistibly cheesy extruded snacks, perfect for cheese lovers seeking bold and creamy flavors.
• Barbecue Smoky and savory extruded snacks infused with barbecue seasoning, providing a delightful tangy taste.
• Spicy Zesty extruded snacks featuring a kick of heat, ideal for enthusiasts of fiery flavors.
• Salted Classic extruded snacks seasoned with a perfect balance of salt, satisfying cravings for simple yet flavorful treats.
• Sweet Indulgent extruded snacks offering a hint of sweetness, catering to those with a preference for sugary delights.

Extruded Snacks Market, By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Key Players

The major players in the Extruded Snacks Market are

• Universal Robina
• JFC International
• Diamonds Foods
• Aperitivos Flaper
• ITC
• Calbee
• Amica Chips
• Kellogg’s
• Mondelez International

Report Scope

Analyst’s Take

In conclusion, the Extruded Snacks Market continues to witness significant growth driven by factors such as changing consumer lifestyles, increasing preference for convenient and on-the-go snack options, and the introduction of innovative flavors and variants by key market players. Moreover, rising disposable incomes, urbanization, and expanding retail distribution channels further contribute to the market expansion. As consumer demand for tasty, affordable, and easily accessible snacks continues to rise, the Extruded Snacks Market is poised for continued growth and opportunities for both established companies and new entrants.

Research Methodology of Market Research

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