Extruded Snacks Market Share by Statistics, Key Player, Revenue, 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 share. 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 key players of the extruded snacks
market 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 research 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.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013, United States of America
Comments
Post a Comment