Food & Beverages
The global extruded snack food market size reached US$ 51.3 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the extruded snack food industry are engaged in tackling an excessive amount of demand due to the rising consumption of nutritious and low-calorie food products among health-conscious consumers around the world. Besides this, key market players are utilizing convenient packaging to make their products appropriate for on-the-go consumption. They are also manufacturing a wide variety of cereal-based savory snacks, which can fulfill the appetite for a long period. Leading players are producing various assorted textures and shapes in their snacks with the help of extrusion processing to appeal to a greater number of customers. They are also investing in research and development (R&D) processes to innovate new processing and preservation techniques to enhance the quality of their products. Leading companies are focusing on incorporating innovative and exciting flavor combinations in their extruded snacks and extending their product portfolio by manufacturing various protein and fiber-rich snacks. They are also producing clean-label snacks that are gluten-free, non-genetically modified organisms (GMO), vegan, and allergen-free to expand their consumer base. Looking forward, the market to reach US$ 70.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
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The global extruded snack food market has several major players, including Arca Continental S.A.B de C.V., Axium Foods, Inc., Schenck Process Holding GmbH, Bunge Loders Croklaan Group B.V. (Bunge Limited), Groupe Legris Industries, Snacks Développement SAS (Europe Snacks Group) and Shearer’s Foods, LLC. More information about these companies has been provided below.
Establishment: |
1926 |
Headquarters: |
Monterrey, Nuevo Leon |
Website: |
https://www.arcacontal.com/ |
Arca Continental S.A.B de C.V is a food and beverage (F&B) company that is dedicated to the production and distribution of beverages under the brands owned by The Coca-Cola Company, as well as various salty snacks under the brands Bokados in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. The company focuses on providing its customers with a wide and innovative portfolio of products. It also ensures the maintenance of the high quality of each item and offers the products at a reasonable price range.
Establishment: |
1960 |
Headquarters: |
South Beloit, Illinois |
Website: |
https://www.axiumfoods.com/ |
Axium Foods, Inc is an industry-leading snack manufacturer that is committed to producing high-quality salty snacks. The company manufactures private-label snacks for some of the most successful grocery chains and operates efficiently to bring innovation for brands, private brands, co-packing, and contract manufacturing. It also offers organic, non-GMO, and gluten-free food products that are safe for consumption and rich in nutrients. The company makes its products go through continuous laboratory analysis to ensure that everything that goes in it meets the promised quality. It screens for foreign projects with metal detectors and conducts independent food safety and quality audits to ensure that quality standards are not only continually met but exceeded.
Establishment: |
1881 |
Headquarters: |
Darmstadt, Hessen |
Website: |
https://www.schenckprocess.com/ |
Schenck Process Holding GmbH is a global technology and market leader in applied measuring and process technology. The company offers solutions that make processes work in a variety of industries around the world, including food, chemicals, and performance materials or infrastructure and energy. It supports various customer processes to provide reliability, efficiency, improved output, and accuracy. It combines outstanding equipment and extensive process knowledge to develop and manufacture innovative and bespoke solutions and support its customers through the whole lifecycle of a system. It includes pneumatic conveying and injection, mechanical conveying, weighing systems, feeders, pulverizing mills, size classification sifters, milling machines, and dust filtration for effectively conducting product optimization and modernization.
Establishment: |
1818 |
Headquarters: |
Wormerveer, North Holland |
Website: |
https://amea.bungeloders.com/ |
Bunge Loders Croklaan Group B.V. (Bunge Limited) is a leading producer of plant-based specialty oils and fats for the food manufacturing and food service industry. The company focuses on producing B2B specialty oils and fats, which are used in a wide range of applications, from bakery and confectionery to culinary and human nutrition. It operates with in-depth knowledge of ingredients, applications, and processes to develop tailored solutions and create innovative products. It also specializes in manufacturing lipid solutions for sports nutrition and active aging, which supports muscle building and maintenance and recovery of muscle mass.
Establishment: |
1986 |
Headquarters: |
Brussels, Belgium |
Website: |
https://www.legris-industries.com/ |
Groupe Legris Industries is a diversified industrial group that develops medium-sized industrial companies with cutting-edge technological know-how and is capable of winning and maintaining leadership positions through continuous innovation. The company brings real added value in terms of performance and sustainable development with its functional expertise and by promoting cross-operational experiences. It also focuses on adopting sustainable methods in its operations to reduce its carbon footprint and impart a minimum impact on the environment.
Establishment: |
1991 |
Headquarters: |
Bouffere, Pays de la Loire |
Website: |
https://www.europesnacks.com/ |
Snacks Développement SAS (Europe Snacks Group) specializes in manufacturing affordable savory snacks and innovative and healthy products. The company focuses on developing products that offer the best value for money and impressive indulgent experience in a responsible way. It also prioritizes reducing packaging and production waste and limiting its carbon footprint to impart a positive impact on the environment.
Establishment: |
1974 |
Headquarters: |
Massillon, Ohio |
Website: |
https://www.shearers.com/ |
Shearer’s Foods, LLC initially started as a small family business and has expanded over four decades to become an award-winning snack food manufacturer and distributor. The company is well known for manufacturing the highest quality conventional, organic, gluten-free, non-GMO, and kosher salty snacks in assorted flavors and sizes. It also produces kettle-cooked potato chips, traditional potato chips, tortilla chips, popcorn, baked chips, cheese curls, and a wide range of pellet-based and extruded snacks.
About Author:
Aditi Kumar Senior Content Writer at IMARC Services Private Limited Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels. |
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