(Entertainment-NewsWire.com, September 07, 2017 ) North America Extruded Snacks Market was worth USD 8.15 billion in 2016 and estimated to be growing at a CAGR of 4.1%, to reach USD 9.97 billion by 2021. The market is showcasing evident potential in the mentioned forecasting period. Extruded snack foods are made using ingredients such as corn, tapioca, oats, potatoes, wheat, etc. The most common snack foods include- breakfast cereals, onion rings, pasta, jelly beans, macaroni, processed cheese, breads, etc. The extrusion process gives the freedom of choosing the ingredients and how one wants to process them. Manufacturers use this in order to produce healthier snacks with varied ingredients.
The food industry is a huge industry with various segments and sub-segment markets. Since it is largely based on agriculture, the foods industry caters to various demographics. For instance, military foods do not cater to the demands of the commercial consumer, and the common consumer does not need specialized foods that are meant for the specific unique demographics, such as the elderly or the physically disabled. Due to plenty of opportunities, the food industry is expected to grow at a fast rate.
As a result of the rising urbanisation, a vast majority of population lives a fast-paced lifestyle. The long working hours make it difficult for individuals to have proper meals. As a result, they resort to ready-to-eat food including many extruded snacks. A rise in the youth and increasing disposable incomes also drive the growth of this market. Since these food products are easy to make and easily accessible, they are the go to products consumed by people. Another factor which affects their widespread use is their cheap cost. One major factor which could be restraining the growth of the market is people’s rising consciousness towards their health and lifestyle. These food products are loaded with carbohydrates and fats. Most of them use white refined flour which contains a lot of fat. Majority of them are fried in oil again making them unfit for consumption.
• Type o Potato o Corn o Rice o Tapioca o Mixed Grains o Others o Y-o-Y Growth Analysis, By Type o Market Attractiveness Analysis, By Type
• Distribution channel o Hypermarkets o Independent retailers o Convenience stores o Market Attractiveness Analysis, By Distribution channel o Market Share Analysis, By Distribution channel
Geographically, the report is analysed under various regions like- U.S.A and Canada. Both the regions contribute considerably in the total revenue for the snack market.
Some of the major companies dominating the market, by their products and services are Diamond Foods, Kellogg’s, Old Dutch Foods, Frito-lay and Amica Chips, Mondelez International, JFC International, Aperitivos Flaper, Bag Snacks, Universal Robina and Arca Continental.
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