Extruded Snacks - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Extruded Snacks market is accounted for $46.26 billion in 2018 and is expected to reach $74.26 billion by 2027 growing at a CAGR of 5.4% during the forecast period. Some of the key factors such as increase in the retail industry and changing consumption behaviour of the customers are driving the growth of the market. However, improved cost of raw material is the restraining the market growth.
Extruded Snacks is a method by which a number of assorted ingredients are strained all the way through an opening in a holed die with a model explicit to the food. After that it is cut to an indicated dimension through the help of blades. The extruder machine consists of an enormous gyrating screw firmly fixed within a fixed barrel at the end of the barrel is the die. The method of extrusion allows mass developed of food through a nonstop, well-organized system that guarantees homogeneity of the end product.
By raw material, wheat segment is likely to have a huge demand in the forecast period due to the fact that wheat is little in fat and carbohydrates as compared to corn and potato, and as well high in nutritional fibers. Companies are also advertising their products by targeting customers who favour such healthy snacks and are given those healthier alternatives by replacing conservative raw materials.
On the basis of geography, Asia Pacific is going to have alucrative growth during the forecast period owing to the growing adoption of the Western culture in the region, rising disposable income, and on-the-go snacking trend between the urban population owing to busy lifestyles. Due to the developing financial situation across a popular of the countries, customers in the region desire the utilization of cheaper products, and hence, mainly opt for general or domestic brands.
Some of the key players in Extruded Snacks Market include Calbee, Inc, Pepsico, Inc, Kellogg Company, Campbell Soup Company, General Mills, Inc, ITC Limited, Grupo Bimbo, S.A.B. De C.V., Old Dutch Foods Inc, Lorenz Snack-World, Amica Chips S.P.A., Universal Robina Corporation, Balance Foods, Inc., JFC International, Ballreich Snack Food Company, Barrel O' Fun Snack Foods Co., Inc, Chipita S.A., Tropical Heat, Griffin’s Foods Limited, ICA Foods International and SAN Carlo.
• Co-Extruded Snacks
• Simply Extruded Snacks
• Expanded Snacks
Raw Materials Covered:
• Other Raw Materials
Method of Manufacturing’s Covered:
• Twin Screw
• Single Screw
Distribution Channels Covered:
• E-Commerce Platforms
• Hypermarkets & Supermarkets
• Convenience Stores
• Independent Retailers
• Specialty Food Stores
• Online & Retail Stores
• Non-Store Based
• Store Based
• Other Distribution Channels
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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