Extruded Snacks Food Market Analysis By Industry Size, Share, Revenue Growth, Development And Demand Forecast To 2024

November 15 11:12 2019
Extruded Snacks Food Market Analysis By Industry Size, Share, Revenue Growth, Development And Demand Forecast To 2024

Global Extruded Snack Food Market to Reach US$ 93 Billion by 2024, Bolstered by Production of Healthy Variants – IMARC Group
Over the years, the extruded snack food market has experienced healthy growth. It can be attributed to factors such as rapid urbanization, hectic lifestyles, easy availability of processed and extruded foods and ongoing product innovations.

Extruded snacks refer to food products that undergo the process of extrusion, after which they are processed into pre-cooked or semi-cooked snacks. This technique allows mass production of food through a well-organized system that assures homogeneity of the end-product. It also helps in eliminating naturally produced toxins, thereby making snacks safer and healthier for consumption. Some of the most common extruded snacks are cereals, baby food, pasta, macaroni, processed cheese, puffed corns and chips with high starch content. As these food products are easily available, affordable, tasty, healthy and nutritious, they have gained popularity among consumers worldwide.

According to a new research report by IMARC Group, the global extruded snack food market reached a value of around US$ 81 Billion in 2018, growing at a CAGR of about 3.0% during 2011-2018.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/extruded-snack-food-manufacturing-plant

Market Trends:

Due to rapid urbanization and hectic schedules, the working population now prefers processed and ready-to-eat food products which has provided a thrust to the extruded snack foods market. In addition to this, manufacturers are consistently modifying their products to meet the changing requirements of consumers. They are offering snacks with different shapes, textures, seasonings, flavors and ingredients which, in turn, are widening their product portfolio.

Apart from this, the increasing demand for extruded snacks from health-conscious consumers has encouraged manufacturers to develop healthier product variants with high-nutritional value and low-fat content, such as granola and protein bars. Owing to these factors, the global extruded snack food market is anticipated to reach a value of more than US$ 93 Billion by 2024, registering a CAGR of 2.5% during the forecast period.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/extruded-snack-food-manufacturing-plant/requestsample

Extruded Snack Food Market Segmentation:

Market Breakup by Type

1. Potato

2. Corn

3. Rice

4. Tapioca

5. Mixed Grains

6. Others

Market Breakup by Distribution Channel

1. Supermarkets/Hypermarkets

2. Convenience Stores

3. Specialty Food Stores

4. Online Retail

5. Others

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

 

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