Global Extruded Snacks Market is Estimated to be Worth USD 48.3 billion in 2019 and is Projected to Reach USD 65.2 billion by 2026, at A CAGR of 4.4% From 2019 to 2026: Proficient Market
At Proficient Market, Global Extruded Snacks Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of extruded snacks market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global extruded snacks market along with, market trends, drivers, and restraints of the extruded snacks market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, Global Extruded Snacks Market in 2019 stood at USD 48.3 billion and is expected to reach USD 65.2 billion by 2026 growing at a CAGR of 4.4% from 2019 to 2026.
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Food extrusion is a process through which mixed ingredients are sent/forced through a passage or area which consists of a plate/design die that has a stored or specific design of the food and is cut into desired sizes and shapes. It comprises of a large, rotating screw tightly fitting within a stationary barrel, at the end of which is the die. And hence this machine that performs the functions is known as the extruder/ snack’s extruder. It aids in mass production of snacks and enables the exact sizes and shapes that are required in uniformity. The snacks extruder is mostly used for starchy foods like potato, wheat, corn and others. various types of snacks and foods that are processed using a extruder are ready-to-eat snacks, bread (croutons, bread sticks, and flat breads), confectionary and breakfast cereal, dry and semi-moist pet foods, instant/pre-made cookie dough, pasta, most of the baby foods, full-fat soy and vegetable protein.
Extruded Snacks Market Key Players: The research study includes profiles of leading companies operating in the global extruded snacks market. Key players profiled in the report include:
Diamond Foods Inc.
Old Dutch Foods Inc.
Want Want Holdings Limited
Arca Continental S.A.B. de C.V.
Axium Foods Inc.
JFC International Inc.
Amica Chips S.P.A.
Universal Robina Corp.
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Drivers for the Global Extruded Snacks Market: Rising demand of processed and ready to-cook foods by consumers, growth of the retail industry and varying food consumption techniques and habits by consumers globally is owing to increase the disposable income and aid in growth of the market. The retail industry serves as the major driver for the snacks extruder market.
Opportunities for the Global Extruded Snacks Market: Moreover, healthy living is becoming a trend and hence the customers/consumers are careful about the snacking routines and are shifting to extruded snacks due to its benefits of providing good metabolism, weight-loss and also provide all the important nutrients and vitamins that the body requires. Hence these factors are positively influencing the market growth and providing opportunities for the future.
Restrains for the Global Extruded Snacks Market: However, various concerns of health caused by processed foods, increased prodction, operational and raw material prices and complex competitions between various manufacturers in local areas. Hence this can majorly hamper the growth of the snacks extruder market.
Region Wise, Global Extruded Snacks Market Analysis: North America held major share in the market due to investment in technology, busy lifestyles of the people, increase in the economy and demand for health benefiting formulas (obtained by extruding technique) by the people.
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Global Extruded Snacks Market: Product analysis
On the basis of type, single-screw accounted for largest share of total revenue generated. Because, of its lower price and operational costs.
Global Extruded Snacks Market: Application analysis
Hypermarkets and supermarkets
hypermarkets and the supermarkets, due to various kinds of snack/food varieties available at brick and mortar stores and these food types not only support the instant snacking trend but also support impulse purchases.
Global Extruded Snacks Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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