Press release
Extruded Snacks Industry Growth Factors, Business Trends, COVID – 19 Outbreak, Applications, Regional Analysis, Top Key Players and Segments by 2027
Extruded Snacks Market
Extrusion is the process of combining several operations including cooking, mixing, kneading, shearing, shaping and forming. It is a process of preparing ready to eat foods and healthy snacks for consumption. The commonly used sources of extrusion snacks are rice, potato, corn, tapioca, mixed grains and others. These snacks are derived through a process of blending, drying, shaping, flavouring and packaging the snacks.
The increasing working population and the rising demand for eating ready made food items is driving the demand and supply for extruded snacks. The changing and fast lifestyle of the consumers is boosting the market for extruded snacks. The availability of healthy snacks for providing required nutrients and vitamins to the body is attracting the health conscious customers towards the option for extruded snacks.
The global extruded snacks market report as presented in the report shows various prospects that are contributing to the growth of the market and will continue to do so for the forecast period till 2023. The key players in the market are focusing towards providing healthy snacks and different flavour alternatives that are boosting the growth of the global extruded snacks market. Moreover, the aggressive and strategic marketing plans are propelling the growth of the global extruded snacks market.
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Market segmentation
The global extruded snacks market is tremendous with the intense competitive scenario that is playing an important role in the growth and progress of the overall market. The R&D investments for extruded snacks is dominating the global market. Hence, on the basis of the type, the global extruded snacks market can be split into:
Savory
Sweet
The savoury segment is dominating the extruded snacks market as mentioned in the report and is estimated to witness a considerable growth for the coming years. And on the basis of the sources, the extruded snacks market can be divided into:
Rice
Potato
Tapioca
Corn
Mixed grains
Others
Lastly, based on the distribution channel, the global market can be classified into:
Store based
Non-store based
Regional analysis
The global extruded snacks has been a dominating and profitable market for the regions of Asia-Pacific, Europe, North America, Middle East, Africa and the Rest of the World. It is anticipated that Asia-Pacific will be dominating the global extruded snacks market based on a wide range of products that are available to the consumers at a reasonable price. Among the countries, India is the major contributor to the growth of extruded snacks.
Europe and North America are also growing slowly and steadily over the forecast period, attributing to the growing inclination towards healthy snacks among the customers. Latin America is also witnessing a higher growth in the extruded snacks market.
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Industry news
Mondelez International Inc., has announced that it has completed its agreement of acquiring a major share interest in Give & Go, a North American global leader in fully-furnished baked goods and who are the owner of two-bite brand and Create-A-Treat, that are known for their brownies, cookie and gingerbread house decorating kits.
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