The Latin America extruded snack food market is expected to exhibit a CAGR of 4.37% 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 is generally processed via the process of food extrusion. It includes numerous food products, including corn curls and puffs, onion rings, breakfast cereals, macaroni, processed cheese, and bread. These snacks are usually prepared using multiple ingredients, such as wheat, corn, tapioca, potatoes, oats, and rice, that are subjected to high temperature and pressure in order to produce extruded snacks.
Latin America Extruded Snack Food Market Trends:
The market in Latin America is primarily driven by significant growth in the food and beverages sector. Along with this, key players across the region are heavily investing in launching extruded snacks that are processed using natural and dairy-free ingredients, especially for diet-conscious consumers. This, in turn, is creating a positive outlook for the market. Moreover, the changing dietary preferences and lifestyle patterns of the masses are also providing an impetus to the market growth. Some of the other factors contributing to the market growth across the region include the innovative marketing strategies adopted by leading players, inflating disposable incomes levels of individuals and the easy product availability via online and offline distribution channels.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America extruded snack food market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type and distribution channel.
Breakup by Type:
- Mixed Grains
Breakup by Distribution Channel:
- Convenience Stores
- Specialty Food Stores
- Online Retail
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
| Historical Period
|| US$ Billion
||Type, Distribution Channel, Country
||Brazil, Mexico, Argentina, Colombia, Chile, Peru
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Key Questions Answered in This Report:
- How has the Latin America extruded snack food market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Latin America extruded snack food market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Latin America extruded snack food market and who are the key players?
- What is the degree of competition in the industry?