Extruded Snacks Market Gross Margin by Profit Ratio of Region, and Forecast 2030
Extruded Snacks Market overview
Extruded snacks market is expected to
grow at a CAGR of 7.20%, reaching around USD 72.0 billion by 2030
Extrusion includes many steps like mixing,
cooking, kneading, forming, shearing, shaping, and forming. It also involves
the manufacturing of food where all total process ends with a well-organized
system. Here in this process starch content of the food is also being
manufactured. Some of the food manufactured from this technique are bread,
pasta, beverages, instant snacks, pet foods, and others. Consuming these food
products has improved the extruded
snacks market size. The increase in concern regarding protein and vitamins
gives a healthy start to breakfast and certain other meals. These foods have
certain benefits which effectively improve the diet and help in digestion work.
The rise in demand for hygienic and processed
food has caused concerns regarding a balanced diet and has flourished the
extruded snacks market. A maximum of people is suffering from health disorders
and some weight-related disorders. The rise in demand for healthy snacks,
including snacks for maintaining a diet has helped in driving up the market
size. Experimentation and innovation of certain flavors have driven up the
market size. Some of the marketing strategies are being applied for driving the
market.
Key Players
The extruded
snacks key market players are playing a major role in the improvement of
market growth. Certain key players playing in the market are Kellog Co. Of the
United States, ITC of India, Mondelez International Inc. of the United States,
Diamond food Inc. of the United States, Old Dutch Food Inc. of the United
States, Frito lay North America Inc. of the United States and Calbee Inc. of
Japan. Kelloggs in its partnership has launched certain products which have
improved the spirit of the growing market. The presence of these players has
helped in improving the goal of the market. The market is expected to grow
exponentially.
Market segmentation
The extruded snacks market has been divided
based on the distribution channel, type, and source. These segments are being
segmented where these services have helped in propelling up the market size.
Each of these divisions is very much important for market development. As per
the type, the market is being segmented into sweet and savory units. The savory
segment has been found to ve the most dominating unit improving the market
size. People prefer the savory segment which has helped in driving up the
market unit where it has brought high growth during the assessment period.
Based on the source, the extruded snacks market is classified into corn,
tapioca, rice, maize, and others. The rice and corn segment is the most
dominating unit. Due to its high carbohydrate content, rice is easily consumed.
Regional Classification
Asia Pacific region is the leading producer
of extruded snacks and presence of certain extruded products available at a low
price. This region holds the maximum share of the extruded snacks market. India
is gound to be the major contributor to the extruded snacks. Europe and the
North American region hold a maximum market share involving inclination towards
the market. The Latin American region shows influential growth and covers a
huge market share during the review period.
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