Extruded Snacks Market Growth Drivers and Forecast by 2028

Historic Data: 2020-2021 | Base Year: 2022 | Forecast Period: 2023-2028

Extruded Snacks Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Category (Second Generation Snacks and Third Generation Snacks), Raw Material (Roots and Tubers, Cereals and Grains, Pulses and Lentils, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

Report Date : Jun 2022
Report Code : TIPRE00009431

Category : Food and Beverages
Status : Published

Available Report Formats :
No. of Pages : 168

Also Available in :

한국어 Deutsch 日本 Français لعربية 中文 Italiano Español

Page Updated: Jun 2024

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

[Research Report] The extruded snacks market is projected to reach US$ 93,898.88 million by 2028 from US$ 62,124.75 million in 2022. It is expected to grow at a CAGR of 7.1% during 2022–2028.

The market growth is attributed to the rapidly growing preference of consumers for convenience foods. Owing to the changing lifestyles and social values of people, the demand for convenience food is increasing. These products are available in various varieties and forms, such as pellets, alphabet shapes, and animal shapes. The of availability of such products is increasing due to growing product launches by manufacturers. The rise in consumption of ready-to-eat food has propelled the sales of extruded snacks in the world. However, owing to the lockdowns caused by the COVID-19 outbreak, consumers have started to cook at home, which hampered the market to some extent.

In 2021, Asia Pacific held the largest share of the global extruded snacks market and is estimated to register the highest CAGR in the market during the forecast period. The market in Asia Pacific is subsegmented into China, India, Japan, South Korea, and Australia. South Korea, China, Japan, and many Asia Pacific countries are major food and beverage markets. The region is also home to numerous extruded snacks manufacturers, which are growing due to increased domestic demand for packaged foods. The rising production of extruded snacks, especially in unorganized sector, in Asia Pacific and increasing preference for ready-to-eat foods would contribute to the market growth in the region during the forecast period.

Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

Extruded Snacks Market: Strategic Insights

Get Top Key Market Trends of this report.
This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Impact of COVID-19 Pandemic on Extruded Snacks Market

The COVID-19 pandemic significantly disrupted the manufacturing sector in terms of operational efficiency, owing to extended lockdowns across different regions; shutdowns of manufacturing unit; restrictions on travel, international trades, and supply chain; and shortages in the raw materials supply. The crisis eventually hampered the extruded snacks market. The disruption of the food & beverages industry due to the economic slowdown caused by the outbreak also hindered the market growth. However, previously imposed limitations are being eased across various countries. Therefore, businesses have recovered.

Moreover, the COVID-19 vaccination drives by governments of different countries have further eased the situation, leading to a rise in business activities worldwide. Furthermore, governments of different countries are planning to develop modern and technologically advanced infrastructure to mitigate the economic impacts of the pandemic. During the lockdown, consumers purchased many packaged foods and beverages at once instead of food service items. Thus, despite the negative impacts of the COVID-19 pandemic, the extruded snacks market is expected to grow significantly in the coming years.

Market Insights

Increasing Demand for Convenience and On-the-go Products

The ready-to-eat food products industry is among the industries that have witnessed a surge in immense demand during the COVID-19 pandemic. With countries on lockdown and most people working from home, the consumption of ready extruded snack products has surged. Young consumers spend most of their income on convenient extruded snacks, making them the prime target of these products. Thus, the increased demand and consumption of convenient food is driving the extruded snacks market.

Category Insights

Based on category, the global extruded snacks market is segmented into second generation snacks and third generation snacks. In 2021, the second generation snacks segment accounted for a larger market share. However, the third generation snacks segment is expected to register a higher CAGR during the forecast period. The rising awareness among consumers regarding the importance of a strong immune system and healthy lifestyle propelled the preference for fortified products. Third generation extruded snacks may include nutritionally rich ingredients, including pulses and lentils, along with digestive fibers and proteins. Therefore, people are accepting nutritionally rich third generation extruded snacks, which would help the market grow during the forecast period.

PepsiCo; AMICA CHIPS S.p.A.; Calbee; PEPPERIDGE FARM INCORPORATED; Kellogg's Company; General Mills Inc.; Meiji Holdings Co., Ltd.; Sensible Portions; Old Dutch Foods, Inc.; and Mikesell’s Snack Food Company are among the players operating in the extruded snacks market. These companies provide a wide range of product portfolios for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for the market. Market players are developing high-quality, innovative products to meet customer requirements.

Report Spotlights

Progressive industry trends in the extruded snacks market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the extruded snacks market from 2020 to 2028
Estimation of global demand for extruded snacks
Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
Recent developments to understand the competitive market scenario
Market trends and outlook and factors driving and restraining the growth of the extruded snacks market
Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The size of the extruded snacks market size at various nodes
Detailed overview and segmentation of the market, as well as the extruded snacks industry dynamics
Size of the extruded snacks market in various regions with promising growth opportunities

Extruded Snacks Market Regional Insights

The regional trends and factors influencing the Extruded Snacks Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Extruded Snacks Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Extruded Snacks Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 62.12 Billion
Market Size by 2028	US$ 93.9 Billion
Global CAGR (2022 - 2028)	7.1%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By Category Second Generation Snacks and Third Generation Snacks By Raw Material Roots and Tubers Cereals and Grains Pulses and Lentils By Distribution Channel Supermarkets and Hypermarkets Convenience Stores Online Retail
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	PepsiCo, Inc. AMICA CHIPS S.p.A. Calbee Pepperidge Farm Incorporated Kellogg

Extruded Snacks Market Players Density: Understanding Its Impact on Business Dynamics

The Extruded Snacks Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Extruded Snacks Market top key players overview

The "Global Extruded Snacks Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global extruded snacks market trend analysis. The report aims to provide an overview of the market with detailed market segmentation.

The extruded snacks market is segmented on the basis of category, raw material, distribution channel, and geography. Based on category, the market is segmented into second generation snacks and third generation snacks. Based on raw material, the global extruded snacks market is segmented into roots and tubers, cereals and grains, pulses and lentils, and others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America.

Company Profiles

Frequently Asked Questions

Which category segment is the fastest growing in the global extruded snacks market?

On the basis of category, the global extruded snacks market is segmented into second generation snacks and third generation snacks. In 2021, the second generation snacks segment accounted for the largest market share. Third generation snacks are expected to register a higher CAGR during the forecast period.

What is the key driver for the growth of the global extruded snacks market?

The global extruded snacks market is growing at a significant pace owing to the changing consumer lifestyles, and consumption patterns which has increased the need for convenience in foods. Furthermore, the expansion of the retail industry resulting in a vast number of hypermarkets and supermarkets across the globe, is likely to drive the demand for extruded snacks in the coming years. Moreover, the increase in the demand for healthy extruded snacks may provide a lucrative opportunity for market players in the near future.

Which raw material segment is the fastest growing in the global extruded snacks market?

On the basis of raw material, the global extruded snacks market is segmented into roots and tubers, cereals and grains, pulses and lentils, and others. In 2021, the cereals and grains segments accounted for the largest market share. Pulse and lentils are expected to register a higher CAGR during forecast period. The growing hectic schedules as well as evolving lifestyles has led consumers to increasingly seek for extruded snacks.

Which distribution channel segment accounted for the largest share in the global extruded snacks market?

In 2021, the supermarkets and hypermarkets segment accounted for the largest market share. The penetration of supermarkets and hypermarkets is rapidly expanding globally with big retailers such as Walmart expanding into many developing countries in Asia Pacific. Convenience stores are expected to register a higher CAGR during the forecast period.

Can you list some of the major players operating in the global extruded snacks market?

The major players operating in the global extruded snacks market are PepsiCo, Inc., AMICA CHIPS S.p.A., Calbee, Pepperidge Farm Incorporated, Kellogg's Company, General Mills Inc., Meiji Holdings Co., Ltd., Hain Celestial, Old Dutch Foods, Inc., Mikesellâ€™s Snack Food Company.

In 2021, which region held the largest share of the global extruded snacks market?

In 2021, Asia Pacific accounted for the largest share of the global extruded snacks market. Many Asia Pacific countries, such as China and India, are among the world's fastest-growing economies. The food industry is anticipated to expand at a faster pace as a result of increasing population, rising urbanization, and rapid development of suburban areas. The growing middle class coupled with increasing disposable income in the developing countries of Asia Pacific is expected to result in high growth rate for the region over forecast period.

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Extruded Snacks Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Extruded Snacks Market Report Snapshots

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.

Ran Kedem Partner, Reali Technologies LTDs

Reason to Buy

Informed Decision-Making
Understanding Market Dynamics
Competitive Analysis
Identifying Emerging Markets

Customer Insights
Market Forecasts
Risk Mitigation
Boosting Operational Efficiency

Strategic Planning
Investment Justification
Tracking Industry Innovations
Aligning with Regulatory Trends

Your Key Concerns Addressed - Question & Answer

Can I view a sample of the report before purchasing?

Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

Is analyst support included with the purchase?

Absolutely - analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

What are the next steps once I place an order?

Once your order is successfully placed, you will receive a confirmation email along with your invoice.

• For published reports: You'll receive access to the report within 4-6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

Can the report be tailored to suit my specific needs?

We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we'll be happy to provide a customized proposal or scope.

In what format is the report delivered?

The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

How secure is the payment process on your platform?

Our payment process is fully secure and PCI-DSS compliant.

We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.

Do you provide special pricing for buying multiple reports?

Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we're happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you're considering, and we’ll share a personalized quote.

Can I connect with your team to discuss the report before buying?

Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we're here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

Will I get a billing invoice upon purchase?

Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

Is there support available if I can't access my report?

Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we'll ensure the issue is resolved quickly so you can access your report without interruption.