India Extruded Snacks Market, By Product Type (Rice Extruded Snacks, Corn Extruded Snacks, Wheat Extruded Snacks and Others), By Distribution Channel (Traditional Grocery Stores, Supermarkets/Hypermarkets, Convenience Stores, Online, and Others), By Region, By Company, Competition, Forecast & Opportunities, 2024
Extruded snack market in India is projected to grow at a CAGR of 15% until 2024 on account of rising per capita income, growing youth population, increasing urbanization, and introduction of smaller packs and competitive pricing by the market leaders. Introduction of regional flavors by leading players is also boosting the extruded snacks market in the country. Moreover, busy work schedules, especially of urban population, coupled with huge and growing youth population is boosting demand for extruded snacks.
In terms of product type, the India extruded snacks market is categorized into rice extruded snacks, corn extruded snacks, wheat extruded snacks and other extruded snacks. Among all, the rice extruded snacks category has witnessed the fastest growth and is expected to grow at a higher rate than other categories through the forecast period. The rice extruded snacks category holds the major part of market share because of their huge popularity and consumer preference. Additionally, due to the strong marketing of the rice based extruded snacks such as Kurkure, Tedhe Medhe, Taka Tak, etc. by the major players such as PepsiCo, ITC, and Haldirams, this category has been witnessing significant growth throughout the historical period and is anticipated to maintain its dominance during the forecast period as well.
North region of India dominated the country’s extruded snacks market in 2018, and the region is expected to maintain its dominance during the forecast period. Some of the major players operating in India extruded snacks market are PepsiCo, ITC, Prataap Snacks, DFM Foods, Haldirams, among others.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
- Objective of the Study:
- To analyze and forecast the market size of India extruded snacks market
- To classify and forecast India extruded snacks market based on product type, by distribution channel, regional distribution, and company
- To identify drivers and challenges for India extruded snacks market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India extruded snacks market
- To conduct pricing analysis for India extruded snacks market
- To identify and analyze the profile of leading players involved in India extruded snacks market
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of global beauty devices market using a bottom-up approach, wherein data for various applications across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Extruded Snacks manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulatory authorities and policy makers
- Organizations, forums and alliances related to extruded snacks market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India extruded snacks market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Product Type
- Rice Extruded Snacks
- Corn Extruded Snacks
- Wheat Extruded Snacks
- Other Extruded Snacks
- Market, By Distribution Channel
- Traditional Grocery Stores
- Convenience Stores
- Market, By Region:
Company Profiles: Detailed analysis of the major companies present in India extruded snacks market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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