Global Extruded Snacks Market 2016-2020
About Extruded Snacks
Extruded snacks are products produced by either direct or indirect extrusion. The extrusion technology can produce a wide array of products, and the process is time effective, simple, and offers flexible designing with the product.
Technavio’s analysts forecast the global extruded snacks market to grow at a CAGR of 3.85% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global extruded snacks market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales extruded snacks globally.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Extruded Snacks Market 2016-2020
Technavio recognizes the following companies as the key players in the global extruded snacks market: Calbee, Diamonds Foods, Frito-Lay, ITC, Kellogg's, and Old Dutch Foods
Other Prominent Vendors in the market are: Arca Continental, Amica Chips, Aperitivos Flaper, AUEVSS, Axium Foods, Bag Snacks, JFC International, Mondelez International, Universal Robina, and Want Want Holdings
Commenting on the report, an analyst from Technavio’s team said: “Currently, consumers are much more watchful about their snacking habits and are adopting healthy snacking because it fuels metabolism. Further, weight management is becoming popular as obesity rates rise. A new study released by the Organization for Economic Cooperation indicates that three out of four Americans will be overweight by 2020. Healthy snacking is considered as a complement to weight-loss plans and an easy way to satisfy hunger while consuming the vitamins and nutrients one’s body needs. More than 62% of people look for nutrient content in snacks they consume.”
According to the report, the demand for extruded snacks is particularly high among young population and middle-aged people. The increased need for these products motivates vendors to introduce new product offerings that cater to consumers in different parts of the world. Vendors are particularly striving to manufacture products with unique flavors and ingredients to diversify consumer choices. Vendors are also endeavoring to improve the packaging of the products by providing improved portion sizes through small-size packaging. Such efforts also make it more convenient for the consumers. They are also incorporating healthy ingredients in their products to draw the attention of the health-conscious population.
Further, the report states that the extruded snacks are often criticized by many health experts to be unhealthy and often the root cause of many diseases like diabetes, obesity, and heart problems. Moreover, as most of these foods are highly processed, they are high in fat content and result in high BMI and weight gain. Thus, the negative health effects and growing popularity of preventive healthcare are the key obstacles to the growth of extruded snacks market.
Calbee, Diamonds Foods, Frito-Lay, ITC, Kellogg's, Old Dutch Foods, Arca Continental, Amica Chips, Aperitivos Flaper, AUEVSS, Axium Foods, Bag Snacks, JFC International, Mondelez International, Universal Robina, Want Want Holdings.