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The global extruded snack food market reached a value of US$ 47.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 59.7 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Extruded snack food comprises breakfast cereals, corn curls, onion rings, pasta, fish paste, jellybeans and macaroni, which is prepared using corn, tapioca, oats, potatoes, and wheat. It relies on extrusion cooking, a high-temperature short-time (HTST) process that reduces microbial contamination and inactivates enzymes. At present, the growing popularity of ready-to-eat (RTE) snack food on account of its convenience, affordability, wide availability, appearance, taste, and texture is positively influencing the demand for extruded snack food across the globe.
Changing dietary habits among individuals around the world represents one of the key factors bolstering the growth of the market. Moreover, longer working hours make it difficult for most people to have proper meals. As a result, they are increasingly relying on RTE food products, such as extruded snack food. In line with this, pasta and other extruded snack food products continue to be a part of the modern diet and consequently, their sales are growing worldwide. Nowadays, consumers prefer products that are gluten-free and contain grains, such as quinoa, amaranth, chia, teff, rice, and buckwheat. Apart from this, leading market players are investing in research and development (R&D) activities to introduce innovative product variants, which are suitable for consumption among local and regional populations. They are also financing promotional campaigns on social media platforms to increase their overall sales. Other factors like increasing population and rising disposable income of individuals in developing countries are strengthening the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global extruded snack food market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type and distribution channel.
Breakup by Type:
Presently, potato is widely utilized in the production of extruded snack food, such as potato chips.
Breakup by Distribution Channel:
Supermarkets/hypermarkets dominate the market as they offer numerous options for selection at discounted prices.
Breakup by Region:
Europe currently holds the largest market on account of the increasing number of individuals consuming extruded snacks in social occasions or on the go throughout the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Customization Scope||10% Free Customization|
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The global extruded snack food market was valued at US$ 47.4 Billion in 2021.
We expect the global extruded snack food market to exhibit a CAGR of 3.9% during 2022-2027.
The introduction of healthy snacks with gluten-free, low-fat, and low-calorie content, catering to
shifting consumer dietary prefrences, is currently driving the global extruded snack food market.
The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer preferences from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of extruded snack food items.
Based on the type, the global extruded snack food market has been segmented into potato, corn,
rice, tapioca, mixed grains, and others. Among these, potato currently represents the largest market
Based on the distribution channel, the global extruded snack food market can be bifurcated into
supermarkets/hypermarkets, convenience stores, specialty food stores, online retail, and others.
Currently, supermarkets/hypermarkets account for the majority of the global market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.
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