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Global Extruded Snack Food Market: By Material: Potato, Corn, Rice, Tapioca, Mixed Grains, Others; By Type; By Extrusion Method; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Extruded Snack Food Market Outlook
The global extruded snack food market attained a value of USD 88.31 billion by 2022. The market is further expected to witness a CAGR of 2.3% in the forecast period of 2023-2028 to attain USD 101.22 billion by 2028.
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The market is currently being driven by increasing urbanisation rates, rising disposable incomes, changing lifestyles and food habits, especially among the younger generation. This report by Expert Market Research entitled “Extruded Snack Food Market Report and Forecast 2023-2028” provides a comprehensive analysis for anyone who plans to foray into the market.
Properties and Applications
Extrusion cooking is a popular means of preparing snacks and ready-to-eat foods like breakfast cereals, puffed food products, pet foods, etc. Extruded snacks are mainly manufactured from corn, wheat, rice, potato, tapioca and other cereals. The demand of extruded snack foods is increasing day-by-day as they are low in calories, healthy, tasty, easily affordable and quick to make.
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On the basis of material, the industry is divided into potato, corn, rice, tapioca, and mixed grains, among others.
On the basis of types, the industry is categorized into:
- Simply Extruded
- Expanded
- Co-Extruded
On the basis of extrusion method, the industry is bifurcated into single screw processing and twin screw processing. On the basis of distribution channel, the industry is segmented into supermarkets/hypermarkets, convenience stores, specialty food stores, online retail, and others.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
Historical market trends for the extruded snack food industry have been provided from 2018-2022 and forecasts have been presented till 2028. On a regional level, Europe currently represents the largest market.
The value chain analysis for extruded snack food industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the extruded snack food industry has also been provided. Some of the key players in this market include PepsiCo Inc., The Kraft Heinz Company, Mars, Incorporated, Nestlé S.A., and The Hershey Company.
This report provides an exhaustive insight for setting up and running an extruded snack food manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global extruded snack food market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Baker Perkins
- Chipita S.A.
- Bunge North America, Inc.
- Clextral
- Others
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the extruded snack food industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Material, Type, Extrusion Method, Distribution Channel, Region |
| Breakup by Material | Potato, Corn, Rice, Tapioca, Mixed Grains, Others |
| Breakup by Type | Simply Extruded, Expanded, Co-Extruded |
| Breakup by Extrusion Method | Single Screw Processing, Twin Screw Processing |
| Breakup by Distribution Channel | Supermarkets/Hypermarkets, Convenience Stores, Specialty Food Stores, Online Retail, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Baker Perkins, Chipita S.A., Bunge North America, Inc., Clextral, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Snack Food Market Overview
8.1 Key Industry Highlights
8.2 Global Snack Food Historical Market (2018-2022)
8.3 Global Snack Food Market Forecast (2023-2028)
8.4 Global Snack Food Market by Snack Type
8.5 Global Snack Food Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Global Extruded Snack Food Market Analysis
9.1 Key Industry Highlights
9.2 Global Extruded Snack Food Historical Market (2018-2022)
9.3 Global Extruded Snack Food Market Forecast (2023-2028)
9.4 Global Extruded Snack Food Market by Material
9.4.1 Potato
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Corn
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Rice
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Tapioca
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Mixed Grains
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2023-2028)
9.4.6 Others
9.5 Global Extruded Snack Food Market by Type
9.5.1 Simply Extruded
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Expanded
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Co-Extruded
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.6 Global Extruded Snack Food Market by Extrusion Method
9.6.1 Single Screw Processing
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Twin Screw Processing
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.7 Global Extruded Snack Food Market by Distribution Channel
9.7.1 Supermarkets/Hypermarkets
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 Convenience Stores
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
9.7.3 Specialty Food Stores
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2022)
9.7.3.3 Forecast Trend (2023-2028)
9.7.4 Online Retail
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2022)
9.7.4.3 Forecast Trend (2023-2028)
9.7.5 Others
9.8 Global Extruded Snack Food Market by Region
9.8.1 Market Share
9.8.1.1 North America
9.8.1.2 Europe
9.8.1.3 Asia Pacific
9.8.1.4 Latin America
9.8.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Baker Perkins
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Chipita S.A.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Bunge North America, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Clextral
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Others
14 Industry Events and Developments
Additional Customisations Available
1. Manufacturing Process
1.1. Overview
1.2. Detailed Process Flow
1.3. Operations Involved
2. Project Requirements and Cost Analysis
2.1. Land, Location and Site Development
2.2. Construction
2.3. Plant Machinery
2.4. Cost of Raw Material
2.5. Packaging
2.6. Transportation
2.7. Utilities
2.8. Manpower
2.9. Other Capital Investment
List of Key Figures and Tables
1. Global Snack Food Market: Key Industry Highlights, 2018 and 2028
2. Global Snack Food Historical Market: Breakup by Snack Type (USD Billion), 2018-2022
3. Global Snack Food Market Forecast: Breakup by Snack Type (USD Billion), 2023-2028
4. Global Snack Food Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Snack Food Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. Global Extruded Snack Food Market: Key Industry Highlights, 2018 and 2028
7. Global Extruded Snack Food Historical Market: Breakup by Material (USD Billion), 2018-2022
8. Global Extruded Snack Food Market Forecast: Breakup by Material (USD Billion), 2023-2028
9. Global Extruded Snack Food Historical Market: Breakup by Type (USD Billion), 2018-2022
10. Global Extruded Snack Food Market Forecast: Breakup by Type (USD Billion), 2023-2028
11. Global Extruded Snack Food Historical Market: Breakup by Extrusion Method (USD Billion), 2018-2022
12. Global Extruded Snack Food Market Forecast: Breakup by Extrusion Method (USD Billion), 2023-2028
13. Global Extruded Snack Food Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
14. Global Extruded Snack Food Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
15. Global Extruded Snack Food Historical Market: Breakup by Region (USD Billion), 2018-2022
16. Global Extruded Snack Food Market Forecast: Breakup by Region (USD Billion), 2023-2028
17. North America Extruded Snack Food Historical Market: Breakup by Country (USD Billion), 2018-2022
18. North America Extruded Snack Food Market Forecast: Breakup by Country (USD Billion), 2023-2028
19. Europe Extruded Snack Food Historical Market: Breakup by Country (USD Billion), 2018-2022
20. Europe Extruded Snack Food Market Forecast: Breakup by Country (USD Billion), 2023-2028
21. Asia Pacific Extruded Snack Food Historical Market: Breakup by Country (USD Billion), 2018-2022
22. Asia Pacific Extruded Snack Food Market Forecast: Breakup by Country (USD Billion), 2023-2028
23. Latin America Extruded Snack Food Historical Market: Breakup by Country (USD Billion), 2018-2022
24. Latin America Extruded Snack Food Market Forecast: Breakup by Country (USD Billion), 2023-2028
25. Middle East and Africa Extruded Snack Food Historical Market: Breakup by Country (USD Billion), 2018-2022
26. Middle East and Africa Extruded Snack Food Market Forecast: Breakup by Country (USD Billion), 2023-2028
27. Global Extruded Snack Food Market Structure
Key Questions Answered in the Report
In 2022, the global extruded snack food market attained a value of nearly 88.31 billion.
The market is likely to grow at a CAGR of 2.3% during the forecast period of 2023-2028.
By 2028, the market is projected to reach a value of 101.22 billion.
The major drivers of the market include increasing urbanisation, rising population, changing lifestyles, and increasing disposable incomes.
The rapidly rising number of young population and working women, especially in the emerging economies, is a key trend for the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Europe accounting for the largest share in the market.
The major materials of the product in the market are potato, corn, rice, tapioca, and mixed grains, among others.
The significant types of the product in the market include simply extruded, expanded, and co-extruded.
The major extrusion methods of the product in the market are bifurcated into single screw processing and twin screw processing.
The significant distribution channels of the product in the market are supermarkets/hypermarkets, convenience stores, speciality food stores, online retail, and others.
The major players in the market are Baker Perkins, Chipita S.A., Bunge North America, Inc., and Clextral, among others.
Analyst Review
The global extruded snack food market attained a value of USD 88.31 billion by 2022, driven by changing lifestyles and food habits. Aided by the increasing number of younger population, the market is expected to witness a steady growth at a CAGR of 2.3% in the forecast period of 2023-2028 to reach a value of USD 101.22 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its materials, the extruded snack food industry can be segmented into potato, corn, rice, tapioca, and mixed grains, among others. On the basis of types, the industry is divided into simply extruded, expanded, and co-extruded. On the basis of extrusion methods, the industry is bifurcated into single screw processing and twin screw processing. On the basis of distribution channel, the industry is divided into supermarkets/hypermarkets, convenience stores, specialty food stores, online retail, and others. The major regional markets for extruded snack food are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above market include Baker Perkins, Chipita S.A., Bunge North America, Inc., Clextral, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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