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Extruded Snacks Market To Amass Revenues More Than USD 74.52 Billion By 2027 : Grand View Research Inc.

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Extruded Snacks Market To Amass Revenues More Than USD 74.52 Billion By 2027 : Grand View Research Inc.

November 25
15:15 2020
Extruded Snacks Market To Amass Revenues More Than USD 74.52 Billion By 2027 : Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Increasing consciousness among consumers regarding their snacking habits and rising adoption of healthy products during snacking time are the key factors boosting the extruded snacks market growth.

According to a report, “Extruded Snacks Market Size, Share & Trends Analysis Report By Product (Potato, Corn, Rice, Tapioca, Mixed Grains), By Distribution Channel, By Region, And Segment Forecasts, 2020 – 2027”, published by Grand View Research, Inc.,The global extruded snacks market size is expected to reach USD 74.52 billion by 2027, expanding at a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. Increasing consciousness among consumers regarding their snacking habits and rising adoption of healthy products during snacking time are the key factors boosting the market growth.

Moreover, growing party culture among millennials and working-class population across the globe is anticipated to offer growth opportunity for the market over the forecast period. Extruded snacks are considered beneficial in many ways as they help in weight management and improving metabolism. Furthermore, these healthy products offer various nutrients and vitamins to the body, thus promoting the adoption among all the consumer groups.

Europe emerged as the largest regional market for extruded snacks in 2019 with a share of more than 40.0% based on volume owing to high consumption of extruded snacks on social occasions as well as for on-the-go snacking. In recent years, the region has witnessed a significant increase in the demand for wholegrain wheat and other cereals snacks. These trends are anticipated to boost the demand for extruded snacks in the region over the forecast period.

The extruded snacks market is fragmented owing to the presence of a large number of local as well as international players. Moreover, major market share is captured by some of the strong players, including Nestlé S.A.; The Kellogg Company; Calbee, Inc.; PepsiCo, Inc.; and Campbell Soup Company, with large customer base across the globe. Moreover, major players are adopting various strategies, including merger and acquisition, for expanding their customer base. For instance, in October 2018, Calbee, Inc. acquired a British brand, Seabrook Crisps in order to strengthen its presence in Europe.

“Would you Like/Try a Sample Report” Click the link below: https://www.grandviewresearch.com/industry-analysis/extruded-snacks-market/request/rs5

U.S. extruded snacks market size

Extruded Snacks Market Report Highlights

  • By product, potato accounted for a share of more than 25% based on volume as well as revenue in 2019. It is expected to maintain its lead over the forecast period owing to large consumption of potato based extruded snacks, including chips and pallet snacks

  • The online retail distribution channel is anticipated to be the fastest growing segment with a revenue-based CAGR of 5.4% from 2020 to 2027. The growth of online retail is attributed to its easy, comfortable, and convenient accessibility, coupled with doorstep delivery

  • Europe emerged as the largest regional market for extruded snacks in 2019 with a share of more than 40.0% based on volume owing to high consumption of product on social occasions as well as for on-the-go snacking

  • Key players in the market include Nestlé S.A.; The Kellogg Company; General Mills Inc.; PepsiCo, Inc.; Campbell Soup Company; Calbee, Inc.; ITC Limited; Old Dutch Foods Inc.; Europe Snacks; and Universal Robina Corporation.

Have Any Query? Ask Our Experts for More Details on Report: https://www.grandviewresearch.com/inquiry/450260/ibb

Distribution Channel Insights

Supermarkets and hypermarkets emerged as the largest sales channel in 2019 with a share of more than 35.0% in terms of volume. Increasing consumer preferences for healthy snacks with a wide variety of flavors, coupled with high shelf life, are driving this distribution channel. Moreover, supermarket and hypermarket giants such as Walmart, Target, 7Eleven, SPAR, Aldi, Carrefour, and Lidl have a large grocery store chain across the globe with a vast customer base, thus driving the demand for extruded food products through this distribution channel over the forecast period.

Global extruded snacks market share 

The online retail distribution channel is anticipated to expand at the fastest CAGR of 5.4% in terms of revenue from 2020 to 2027. The growth of online retail is attributed to its easy, comfortable, and convenient accessibility, coupled with doorstep delivery. The rising adoption of smartphones, coupled with the growing reach of the internet across the globe, is expanding the scope of online sales. Moreover, online giants such as Amazon Prime Pantry, Alibaba, Yihaodian, Godrej Nature’s Basket, Tesco.com, Walmart, and Honestbee are expanding rigorously owing to shifting consumer preferences. This, in turn, is expected to propel the sales of extruded snacks through online retail in the forthcoming years.

Extruded Snacks Market Segmentation

Grand View Research has segmented the global extruded snacks market on the basis of product, distribution channel, and region:

Extruded Snacks Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2027)

  • Potato

  • Corn

  • Rice

  • Tapioca

  • Mixed Grains

  • Others

Extruded Snacks Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2027)

  • Supermarkets & Hypermarkets

  • Convenience Stores

  • Specialty Stores

  • Online Retail

  • Others

Extruded Snacks Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • UAE

Browse Related Reports @

Fish Sauce Market – https://www.grandviewresearch.com/industry-analysis/fish-sauce-market

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/extruded-snacks-market


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