Europe Extruded Snack Food Market Size, Share, Growth | Trends 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Europe Extruded Snack Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the Europe extruded snack food market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the Europe extruded snack food market?

The Europe extruded snack food market size reached US$ 16.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.

What is extruded snack food?

Extruded snack food refers to a category of processed snacks that are manufactured through a specific food processing technique called extrusion. It involves forcing a blend of ingredients, typically grains or starches, through a machine known as an extruder. The extruder subjects the mixture to high temperature and pressure, resulting in the creation of various snack shapes and textures. Common examples of extruded snack foods include puffed corn snacks, cheese puffs, pretzels, and certain types of breakfast cereals. The versatility of extrusion technology allows for a wide range of snack variations, from crunchy to airy, and it can incorporate different flavors and seasonings. Extruded snack foods are a significant presence in the snack industry, often enjoyed as a quick and tasty option for on-the-go munching. At present, extruded snack food is gaining immense traction across Europe due to its convenient packaging, extended shelf life, and variety of flavors that cater to different tastes.

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What are the growth prospects and trends in the Europe extruded snack food industry?

The Europe extruded snack food market is primarily driven by rising product demand due to growing consumer preference for convenient and on-the-go snack options, as extruded snacks are easy to store and consume. Apart from this, a rising health consciousness among consumers has augmented the demand for healthier and better-for-you snack alternatives, prompting manufacturers to innovate and offer more nutritious extruded snack options, thereby fostering market growth. Moreover, the shifting trend toward flavor innovation, with unique and exotic flavors that attract consumers seeking novel taste experiences, is another major growth-inducing factor. Besides this, the rapid expansion of e-commerce and online retail platforms that increase accessibility of extruded snacks to a broader European consumer base is propelling growth. Furthermore, the escalating demand for packaged snacks, including extruded snacks amid the coronavirus (COVID-19) pandemic, as consumers turned to convenient and shelf-stable options during lockdowns is contributing to market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Potato
Corn
Rice
Tapioca
Mixed Grains
Others

Breakup by Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Specialty Food Stores
Online Retail
Others

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Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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