Extruded Snacks Market Share Business Operation Data To 2030

According to the Market Statsville Group (MSG), the global Extruded Snacks Market size is predicted to grow from USD 54.3 billion in 2022 to USD 87.2 billion by 2033, at a CAGR of 4.4% from 2023 to 2033.

Extrusion of food is a process that pools numerous unit operations, including mixing, cooking, kneading, shearing, forming, and shaping; these are food processing techniques known as food extrusion. Extrusion cooking (HTST) has provided a means of manufacturing new and novel products and has revolutionized many conventional snack manufacturing processes. Extrusion equipment offers many basic design advantages, such as minimizing time, energy and versatility, and flexibility. This food extrusion process enables the mass production of food and continues with an endless and well-organized system showing the final product's homogeneity. Extrusion cooking includes versatility with respect to its ingredient selection and the textures and shape of the products that can be produced. The major benefit of the extrusion technique is the flexibility of this process for accommodating consumers' demand for a new product. By using the food extrusion process, manufacturers can save up to 19% on raw materials, 14% on labor, and a staggering 44% on total capital investment.

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Global Extruded Snacks Market Dynamics

Drivers: Growing Popularity of Savory Snacks

 Food extrusion is a segment of the food processing process which helps in making uniquely and later bringing it to certain sizes, typically with the help of blades. Food extrusion helps reduce the number of microorganisms present in the food and eliminates natural toxins, making the food more secure for consumption. It improves the digestibility of protein and starches and destroys the anti-nutritional factors in food. Snack foods play a significant role in the life of modern consumers. Extrusion processing has been extensively used in producing RTE (ready-to-eat) cereal-based snacks as the snacks are easily prepared, can produce assorted textures, and are attractive to customers. Most consumers seek snacks with flavorful organoleptic properties. The growing popularity of savory snacks like crisp snacks, popcorn nuts, savory biscuits predominantly fuels the extruded snacks market growth. Consumer appeal for RTEs is forecasted to grow rapidly over the next 5 years as consumers demand convenient snacks with exciting sensory and textural properties. Different marketing strategies executed by the key players to enlarge the market also boost the market’s growth rate.

Scope of the Global Extruded Snacks Market

The study categorizes the extruded snacks market based on type, raw material, method of manufacturing, and distribution channel at the regional and global levels.

By Type Outlook (Sales, USD Billion, 2019-2033)

Sweet

Savory

By Raw Material Outlook (Sales, USD Billion, 2019-2033)

Potato

Rice

Corn

Mixed Grain

Tapioca

Others

By Distribution Channel Outlook (Sales, USD Billion, 2019-2033)

Convenience Stores

Hypermarkets & Supermarkets

E-Commerce Platforms

Other

By Method of Manufacturing (Sales, USD Billion, 2019-2033)

Single- Screw Extruder

Twin- Screw Extruder

By Region Outlook (Sales, USD Billion, 2019-2033)

North America

US

Canada

Mexico

Europe

Germany

Italy

France

UK

Spain

Poland

Russia

The Netherlands

Norway

Czech Republic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Indonesia

Malaysia

Thailand

Singapore

Australia & New Zealand

Rest of Asia Pacific

South America

Brazil

Argentina

Colombia

Rest of South America

The Middle East & Africa

Saudi Arabia

UAE

South Africa

Northern Africa

Rest of MEA

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Hypermarkets & Supermarkets account for the largest market share by Distribution Channel

Based on the distribution channel, the market is bifurcated into convenience stores, hypermarkets & supermarkets, e-commerce platforms and others. Hypermarkets and supermarkets occupy the highest share owing to the easy approachability of various products. The shelf space allotted to extruded snacks is typically large, which is extremely useful for displaying a wide range of products. The range of flavors available for a particular product also boosts the market's growth. Another integral element that adds to the market's growth is impulse buying. Regular visits to supermarkets and hypermarkets to acquire different products have fueled the sales of extruded snacks.

However, the e-commerce platform segment is expected to grow at the highest CAGR during the forecast period. Consumers prefer the online mode for purchasing these snacks in developed and developing economies. The online platform has considerably influenced people’s purchasing power by providing benefits such as doorstep delivery, simple payment choices, and the supply of a diverse selection of products under a single platform.

North America is projected to account for the highest market share by Region

Based on the regions, the global extruded snacks market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America is expected to witness the highest market share in 2021, owing to the high adoption of extruded snacks market in the US and Canada. The demand for on-the-go foods has rapidly increased in the last few years in the North American region. Consumer interest in convenience food products has significantly increased due to a large number of the population entering the workforce. Europe is expected to witness market expansion due to growing interest in clean-label, vegetarian, and vegan products. The South American market is witnessing high growth due to consumers' rising demand for processed food products. Innovative flavors like meat, sauces, and spices in snacks are becoming very popular in the region. In the Middle east and Africa region, the demand is boosted by the rising adoption of western food culture.

Key Market Players in the Global Extruded Snacks Market

The extruded snacks market is extremely cutthroat, and significant competitors in the sector are using tactics including product development, collaborations, acquisitions, agreements, and growth to bolster their market positions. Most sector businesses focus on growing their operations worldwide and cultivating long-lasting partnerships.

Major players in the global extruded snacks market are:

PepsiCo

Kellogg Company

Calbee, Inc

ITC limited

Mondelez International

JFC International

General Mills

Grupo Bimbo

Lorenz Snack World

American Extrusion International

Pavan Group

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 Recent Developments

In August 2021, The Indian Company Bikano attained a license for India’s famous kids show character ‘Chota Bheem’ to launch a wide range of extruded products. This facilitated the company to widen its customer base. The new range came under a sub-brand name called ‘’Fatax’’ includes Ringz, Cheese balls, Pasta crunch, Puffees and much more.

In November 2020, A food technology startup company, ChickP Protein Ltd., launched a new starch that evolved from chickpeas. The product can be utilized to manufacture diverse processed foods, inclusive of extruded snacks. They had developed neutral-taste chickpea protein isolates that are both nutritious and functional.

 In November 2021, Kellogg’s introduced its limited-edition mince pie flavor wheat. The cereal was packed with a smooth, gently spiced sultana center candied orange peel, ginger, allspice, and nutmeg, offering mince pie fans the festive touch to the Christmas season. This launch followed the introduction of Kellogg’s Apricot, plain and blueberry flavored kinds of wheat.

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