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Extruded Snack Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global extruded snack food market size reached US$ 49.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 62.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.86% during 2023-2028.

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.

 

 
 

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Extruded Snack Food Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global extruded snack food market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and distribution channel.

Breakup by Type:

 

 
 

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

Presently, potato is widely utilized in the production of extruded snack food, such as potato chips.

Breakup by Distribution Channel:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Food Stores
  • Online Retail
  • Others
     

Supermarkets/hypermarkets dominate the market as they offer numerous options for selection at discounted prices.

Breakup by Region:

 

 
 

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

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.

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Snack Food Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Region
    5.4    Market Breakup by Snack Type
    5.5    Market Breakup by Key Players
    5.6    Market Forecast
6   Global Extruded Snack Food Industry
    6.1    Market Overview
    6.2    Market Performance
    6.3    Impact of COVID-19
    6.4    Market Breakup by Region
    6.5    Market Breakup by Type
    6.6    Market Breakup by Distribution Channel
    6.7    Market Forecast
    6.8    SWOT Analysis
        6.8.1    Overview
        6.8.2    Strengths
        6.8.3    Weaknesses
        6.8.4    Opportunities
        6.8.5    Threats
    6.9    Value Chain Analysis
        6.9.1    Raw Material Procurement
        6.9.2    Manufacturing
        6.9.3    Marketing
        6.9.4    Distribution
        6.9.5    Exports
        6.9.6    End-Use
    6.10    Porter’s Five Forces Analysis
        6.10.1    Overview
        6.10.2    Bargaining Power of Buyers
        6.10.3    Bargaining Power of Suppliers
        6.10.4    Degree of Competition
        6.10.5    Threat of New Entrants
        6.10.6    Threat of Substitutes
    6.11    Price Analysis
        6.11.1    Key Price Indicators
        6.11.2    Price Structure
        6.11.3    Margin Analysis
    6.12    Key Success Factors and Risk Factors
7   Performance of Key Regions
    7.1    North America
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Europe
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Asia Pacific
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Latin America
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Middle East and Africa
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Type
    8.1    Potato 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Corn 
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Rice 
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Tapioca 
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Mixed Grains 
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by Distribution Channel
    9.1    Supermarkets/Hypermarkets
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Convenience Stores
        9.2.1 Market Trends
        9.2.2 Market Forecast 
    9.3    Specialty Food Stores
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Online Retail
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
11  Extruded Snack Foods Manufacturing Process
    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Unit Operations Involved
    11.4    Mass Balance and Raw Material Requirements
12  Project Details, Requirements and Costs Involved
    12.1    Land Requirements and Expenditures
    12.2    Construction Requirements and Expenditures
    12.3    Plant Layout
    12.4    Plant Machinery
    12.5    Machinery Pictures
    12.6    Raw Material Requirements and Expenditures
    12.7    Raw Material and Final Product Pictures
    12.8    Packaging Requirements and Expenditures
    12.9    Transportation Requirements and Expenditures
    12.10   Raw Material Requirements and Expenditures
    12.11   Manpower Requirements and Expenditures
    12.12   Other Capital Investments
13  Loans and Financial Assistance
14  Project Economics

    14.1    Capital Cost of the Project
    14.2    Techno-Economic Parameters
    14.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    14.4    Taxation and Depreciation
    14.5    Income Projections
    14.6    Expenditure Projections
    14.7    Financial Analysis
    14.8    Profit Analysis
15  Key Player Profiles

List of Figures

Figure 1: Global: Extruded Snack Food Market: Major Drivers and Challenges
Figure 2: Global: Snack Food Market: Value Trends (in Billion US$), 2017-2022
Figure 3: Global: Snack Food Market: Breakup by Region (in %), 2022
Figure 4: Global: Snack Food Market: Breakup by Snack Type (in %), 2022
Figure 5: Global: Snack Food Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 6: Global: Snack Food Market: Breakup of Key Players (in %)
Figure 7: Global: Extruded Snack Food Market: Value Trends (in Billion US$), 2017-2022
Figure 8: Global: Extruded Snack Food Market: Breakup by Region (in %), 2022
Figure 9: Global: Extruded Snack Food Market: Breakup by Type (in %), 2022
Figure 10: Global: Extruded Snack Food Market: Breakup by Distribution Channel (in %), 2022
Figure 11: Global: Extruded Snack Food Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 12: Global: Extruded Snack Food Industry: SWOT Analysis
Figure 13: Global: Extruded Snack Food Industry: Value Chain Analysis
Figure 14: Global: Extruded Snack Food Industry: Porter’s Five Forces Analysis
Figure 15: Extruded Snack Food Market: Price Structure
Figure 16: North America: Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 17: North America: Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 18: Europe: Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 19: Europe: Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 20: Asia Pacific: Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 21: Asia Pacific: Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 22: Latin America: Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 23: Latin America: Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 24: Middle East and Africa: Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 25: Middle East and Africa: Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 26: Global: Potato Based Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 27: Global: Potato Based Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 28: Global: Corn Based Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 29: Global: Corn Based Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 30: Global: Rice Based Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 31: Global: Rice Based Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 32: Global: Tapioca Based Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 33: Global: Tapioca Based Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 34: Global: Mixed Grains Based Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 35: Global: Mixed Grains Based Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 36: Global: Other Extruded Snack Food Market (in Million US$), 2017 & 2022
Figure 37: Global: Other Extruded Snack Food Market Forecast (in Million US$), 2023-2028
Figure 38: Global: Extruded Snack Food Market: Sales through Supermarkets/Hypermarkets (in Million US$), 2017 & 2022
Figure 39: Global: Extruded Snack Food Market Forecast: Sales through Supermarkets/Hypermarkets (in Million US$), 2023-2028
Figure 40: Global: Extruded Snack Food Market: Sales through Convenience Stores (in Million US$), 2017 & 2022
Figure 41: Global: Extruded Snack Food Market Forecast: Sales through Convenience Stores (in Million US$), 2023-2028
Figure 42: Global: Extruded Snack Food Market: Sales through Specialty Food Stores (in Million US$), 2017 & 2022
Figure 43: Global: Extruded Snack Food Market Forecast: Sales through Specialty Food Stores (in Million US$), 2023-2028
Figure 44: Global: Extruded Snack Food Market: Sales through Online Retail (in Million US$), 2017 & 2022
Figure 45: Global: Extruded Snack Food Market Forecast: Sales through Online Retail (in Million US$), 2023-2028
Figure 46: Global: Extruded Snack Food Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
Figure 47: Global: Extruded Snack Food Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
Figure 48: Extruded Snack Food Manufacturing Plant: Detailed Process Flow
Figure 49: Extruded Snack Food Manufacturing: Conversion Rate of Feedstocks
Figure 50: Extruded Snack Food Manufacturing Plant: Proposed Plant Layout
Figure 51: Extruded Snack Food Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 52: Extruded Snack Food Industry: Profit Margins at Various Levels of the Supply Chain
Figure 53: Extruded Snack Food Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Snack Food Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Extruded Snack Food Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Extruded Snack Food Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 4: Global: Extruded Snack Food Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 5: Global: Extruded Snack Food Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Extruded Snack Food Market: Competitive Structure
Table 7: Global: Extruded Snack Food Market: Key Players
Table 8: Extruded Snack Food Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Extruded Snack Food Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Extruded Snack Food Manufacturing Plant: Costs Related to Machinery (in US$)
Table 11: Extruded Snack Food Manufacturing Plant: Raw Material Requirements and Expenditures
Table 12: Extruded Snack Food Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Extruded Snack Food Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: Extruded Snack Food Manufacturing Plant: Capital Costs (in US$)
Table 16: Extruded Snack Food Manufacturing Plant: Techno-Economic Parameters
Table 17: Extruded Snack Food Manufacturing Plant: Taxation and Depreciation (in US$)
Table 18: Extruded Snack Food Manufacturing Plant: Income Projections (in US$)
Table 19: Extruded Snack Food Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Extruded Snack Food Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 21: Extruded Snack Food Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 22: Extruded Snack Food Manufacturing Plant: Profit and Loss Account (in US$)


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Key Questions Answered in This Report

The global extruded snack food market was valued at US$ 49.4 Billion in 2022.

We expect the global extruded snack food market to exhibit a CAGR of 3.86% during 2023-2028.

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
share.

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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