Published Date : Nov 21, 2016
ALBANY, NY, Nov 21, 2016: The latest report to be added to its database in this sector is titled “Global Extruded Snacks Market 2016-2020.” The report providers its users an all-inclusive perspective on the current and upcoming business events in the manufacture, distribution, and overall demand for extruded snacks around the world.
According to the report, the global extruded snacks market is expanding at a CAGR of 3.85% in terms of revenue, within a forecast period from 2016 to 2020. This revenue growth is primarily attributed to the current rate of change in diet and food preferences of a majority of the global urban population. A lot of people in the middle income class from the urban areas are switching to ready-to-eat foods and convenience foods in order to compensate for the time spent in a hectic work-oriented routine. With a reducing number of consumers who prefer to cook at home, the food and beverages industry is ramping up its efforts to cope with the high demand for extruded foods. This driver is expected to affect the market on a greater scale over the coming years as it will eventually be largely applicable to emerging economies as well.
A key trend affecting the global extruded snacks market currently is the massive demand for low-calorie snacks, especially in developed regions. A growing number of consumers across the world are getting conscious of the contents and ingredients of their foods in order to maintain a more balanced diet. One of the key issues with fast food and snacks – a high calorific content – is being reduced to help generate better sales. However, the global extruded snacks market is currently being restricted by the sheer proportion of players in it. An immense number of regional and local players not listed as businesses, and the high volume of local businesses in this market are creating a highly fragmented competitive landscape where prominent players are finding it exceedingly difficult to expand and consolidate their business.
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A geographic segmentation of the global extruded snacks market provides a valuable analytical angle for the report’s users who hold regional prominence. It also holds value for globally prominent players looking for opportunities to expand.
The key players in the global extruded snacks market currently, include Frito-Lay, ITC, Diamonds Foods, Kellogg's, Calbee, and Old Dutch Foods. The report goes further in detailing the competitive landscape of the market using brief details of other prominent players that either hold global prominence or a very strong regional strength in distribution. These players include Amica Chips, Bag Snacks, Arca Continental, JFC International, Aperitivos Flaper, Mondelez International, Universal Robina, Axium Foods, and Want Want Holdings.
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