Extruded Snack Food Market Size, Share, Industry Trends and Forecast to 2033
This report covers the Extruded Snack Food market, providing insights and data from 2023 to 2033. It includes market size, growth forecasts, comprehensive industry analysis, segmentation, regional insights, key players, and trends affecting the market landscape.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $42.30 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $83.14 Billion |
| Top Companies | PepsiCo, General Mills, Nestlé, Mondelez International, Kellogg's |
| Last Modified Date | 15 November 2024 |
Extruded Snack Food Market Overview
What is the Market Size & CAGR of the Extruded Snack Food market in 2023?
Extruded Snack Food Industry Analysis
Extruded Snack Food Market Segmentation and Scope
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Extruded Snack Food Market Analysis Report by Region
Europe Extruded Snack Food Market Report:
In Europe, the market is set to grow from $12.24 billion in 2023 to $24.05 billion in 2033. The rise in health awareness among consumers combined with the growing preference for convenient snacking options significantly boosts market prospects.Asia Pacific Extruded Snack Food Market Report:
The Asia Pacific region shows promising growth for Extruded Snack Foods, with market size projected to rise from $7.62 billion in 2023 to $14.98 billion by 2033. The increasing demand for on-the-go snacks and healthier food options, along with population growth and urbanization, fuels this rise.North America Extruded Snack Food Market Report:
North America represents the largest market for Extruded Snack Foods, with a projected size growth from $16.24 billion in 2023 to $31.92 billion by 2033, propelled primarily by the demand for savory snacks, leading the sector in innovation and product development.South America Extruded Snack Food Market Report:
In South America, the market is anticipated to expand from $1.15 billion in 2023 to $2.27 billion in 2033. This growth is driven by the increasing consumption of extruded snacks as a favored snack choice, with manufacturers focusing on innovative flavors and health-conscious formulations.Middle East & Africa Extruded Snack Food Market Report:
The Middle East and Africa region is also on track for growth, expected to see market size increase from $5.04 billion in 2023 to $9.91 billion by 2033, driven by increasing urbanization rates and a younger population eager for modern snacking options.Request a custom research report for industry.
Extruded Snack Food Market Analysis By Type
Global Extruded Snack Food Market, By Type Market Analysis (2024 - 2033)
The Extruded Snack Food market is predominantly driven by savory snacks, projected to grow from $27.80 billion in 2023 to $54.64 billion by 2033, maintaining a market share of 65.72%. Sweet snacks are also growing, with size expected to increase from $11.82 billion to $23.24 billion, representing a 27.95% share of the market. Healthy snacks, though smaller, are poised to rise from $2.68 billion to $5.26 billion, indicating a niche but growing consumer base interested in nutrition.
Extruded Snack Food Market Analysis By Distribution Channel
Global Extruded Snack Food Market, By Distribution Channel Market Analysis (2024 - 2033)
The market distribution channels are split between online and offline sales. Online sales are expected to see significant growth, rising from $37.60 billion in 2023 to $73.91 billion in 2033, commanding 88.9% of the market share. Conversely, offline sales, while still important, will see slower growth, from $4.70 billion to $9.23 billion, maintaining an 11.1% share.
Extruded Snack Food Market Analysis By Target Consumer
Global Extruded Snack Food Market, By Target Consumer Market Analysis (2024 - 2033)
Target consumers primarily include children and adults. The children segment dominates the market, with expected growth from $37.60 billion in 2023 to $73.91 billion by 2033 (88.9% share). The adult segment, meanwhile, will see modest growth from $4.70 billion to $9.23 billion, accounting for 11.1%.
Extruded Snack Food Market Analysis By Ingredient
Global Extruded Snack Food Market, By Ingredient Market Analysis (2024 - 2033)
Ingredient-wise, vegetable-based snacks are leading, with size expected to grow from $27.80 billion to $54.64 billion (65.72% share). Grain-based snacks and legume-based snacks will also hold significant positions with expected growth from $11.82 billion to $23.24 billion and from $2.68 billion to $5.26 billion, respectively.
Extruded Snack Food Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Extruded Snack Food Industry
PepsiCo:
A leader in the global snack market, PepsiCo offers a range of extruded snack foods, focusing on innovation and health-conscious products.General Mills:
General Mills produces well-known brands in the extruded snacks segment, emphasizing the use of quality ingredients and health-focused formulations.Nestlé:
As a major player in the snack food industry, Nestlé continues to invest in the development of new extruded snacks, particularly in healthy snacking options.Mondelez International:
Mondelez International is recognized for its innovative extruded snacks and continuous expansion into new markets worldwide.Kellogg's:
Kellogg's has a robust portfolio of snacks, including extruded products, focusing on health trends and consumer preferences.We're grateful to work with incredible clients.
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FAQs
What is the market size of extruded Snack Food?
The global extruded snack food market is valued at approximately $42.3 billion in 2023, with a projected CAGR of 6.8% leading up to 2033, indicating significant growth opportunities within the sector.
What are the key market players or companies in this extruded Snack Food industry?
Key players in the extruded snack food market include major brands like PepsiCo, Kellogg's, and General Mills. These companies significantly shape industry trends through innovation and strategic expansions.
What are the primary factors driving the growth in the extruded Snack Food industry?
Growth in the extruded snack food industry is primarily driven by increasing consumer demand for convenient, on-the-go snacks, growing health consciousness, and innovations in flavors and textures that attract diverse consumer segments.
Which region is the fastest Growing in the extruded Snack Food?
The North American region is forecasted to grow significantly, from $16.24 billion in 2023 to $31.92 billion by 2033, while Europe's market expands from $12.24 billion to $24.05 billion in the same period.
Does ConsaInsights provide customized market report data for the extruded Snack Food industry?
Yes, ConsaInsights offers customized market report data tailored to specific requirements in the extruded snack food industry, allowing clients to gain insights specific to their business and market needs.
What deliverables can I expect from this extruded Snack Food market research project?
Clients can expect comprehensive deliverables, including detailed market analysis, regional insights, competitor benchmarking, and projections by product segments, ensuring they have actionable data for strategic decisions.
What are the market trends of extruded Snack Food?
Current market trends indicate a rise in healthy snack options, strong growth in online sales channels, and increasing popularity of various snack types, particularly savory snacks, which dominate the market share.