Market Synopsis:
As per Market Research Future (MRFR)’s latest study, the global extruded snacks market is set to exhibit steady growth during the forecast period 2017 to 2023. The growing inclination towards ready-to-eat food products due to changing lifestyle is one of the major drivers of the extruded snacks market.
Healthy ingredients are the key area of focus for the market players. An upsurge in demand for healthy food coupled with increasing awareness about healthy food habits has revolutionized the market. The market participants are endeavoring to capitalize on the changing consumer pattern by adding healthy extruded snacks to their product lines. This, in turn, is likely to influence the proliferation of the extruded market positively in the foreseeable future.
Get a Sample of This Report @ https://www.marketresearchfuture.com/sample_request/4818
Flavor innovation is another major factor responsible for catalyzing the extruded market growth in the upcoming years. The widening range of products is expected to attract a larger customer base, thus, augmenting the extruded snacks market. Other factors that will be favorable for the expansion of the market during the projection period include attractive packaging, rising disposable income, increased research & development activities, etc.
Market Segmentation:
By type, the Extruded Snacks Market has been segmented into sweet and savory. The savory segment holds the maximum share of the global market and is expected to witness tremendous growth through the review period.
By sources, the extruded snacks market is segmented into potato, rice, corn, tapioca, mixed grain, and others. Among these, the potato segment is currently dominating the market. Meanwhile, the rice and corn segments are poised to gain traction in the foreseeable future.
By distribution channel, the global extruded snacks market has been segmented into store-based and non-store based. The store-based segment presently holds the most significant share of the market owing to self-picking shopping experience and availability of multiple brand options to the customers.
Competitive Dashboard:
Some of the key players profiled in this report are Old Dutch Foods, Inc. (U.S.), Calbee, Inc. (Japan), Frito-Lay North America, Inc (U.S.), ITC (India), Kellogg Co. (U.S.), Diamond Foods Inc. (U.S.), and Mondelez International Inc. (U.S.)
Industry News:
In July 2018, members of East of Scotland Growers (ESG) have invested in the launch of snack brand Growers Garden. It is claimed to be the first extruded snack in the world that uses fresh vegetables.
In August 2018, MAW Acquisitions LP, of the former owners of Synder’s Bakery, has acquired G&S Foods/Tastysnack Quality Foods, Inc.
In September 2018, Hershey Co., a leading chocolatier, has acquired Pirate Brands from B&G Foods Inc. which encompasses extruded snacks Pirate’s Booty, Smart Puffs and Original Tings. The transaction is worth USD 420 M.
In November 2018, PepsiCo, Inc., an American multinational food & beverage company, has planned to acquire Pipers, which is a premium snack brand. The transaction is expected to be closed by early 2019.
Regional Analysis:
The global extruded snacks market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is presently holding the major share of the global market. The availability of a broad spectrum of products at reasonable prices is driving the expansion of the regional extruded snacks market. India is one of the most important country-level extruded snacks market s of the region.
North America and Europe are vital growth pockets and are likely to witness substantial growth over the assessment period. The factors that are favoring the expansion of the extruded snacks markets in these regions include exponential health-conscious population, innovations in flavors, development of product portfolios, etc.
The Rest of the World is set to expand at a healthy pace over the next couple of years. Latin America is set to register the highest growth rate in this region.
Access Report Details @ https://www.marketresearchfuture.com/reports/extruded-snacks-market-4818
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/extruded-snacks-market-4818