Extruded Snacks Market Worth $65.2 Billion by 2026 - Exclusive Report by MarketsandMarkets - Seite 2

In terms of the method of manufacturing, the single-screw extruder is projected to account for the major market share due to low capital expenditure and operational cost.

The single-screw manufacturing of extruded snacks accounted for a larger share in the extruded snacks market in 2019, due to its lower price. However, the twin-screw extruders are projected to be the faster-growing segment through 2026. This is because the twin-screw extruder has better mixing ability and higher pumping efficiency than the single-screw extruder. Twin-screw extruders can impart a higher number of possible configurations to the final product, to attain a different shape and has wider adaptability to snack ingredients. The operational efficiency is much higher in the twin-screw extruders than in the single-screw extruders. Thus, more manufacturers are shifting from using single-screw extruders to twin-screw extruders.

With the increasing demand low calorie extruded snacks, North America is estimated to dominate the global snacks market in 2019.

The on-the-go snacking trend has been growing across the globe but has been the most significant in North American countries due to the busy lifestyle of the consumers. Sales of snacking items have been the highest across the developed countries from hypermarkets and supermarkets. The trend of snacking has been on the rise in Asian countries, such as China and India, mainly among the millennial population. Also, the revenue of major players producing extruded snacks has been more concentrated toward the North American market, with a well-established distribution network spread across other parts of the world. These companies have also been expanding their business through mergers & acquisitions of innovators or emerging companies. Thus, North America dominated the global market for extruded snacks in 2018.

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Key Players:

Key players operating in this market include Calbee, Inc. (Japan), PepsiCo, Inc. (US), Kellogg Company (US), Campbell Soup Company (US), General Mills Inc. (US), ITC Limited (India), Grupo Bimbo, S.A.B. de C.V. (Mexico), Old Dutch Foods Inc. (US), Lorenz Snack-World (Germany) , Amica Chips S.P.A. (Italy), Universal Robina Corporation (Philippines), Balance Foods, Inc. (US), JFC International (US), Ballreich Snack Food Company (US), Barrel O' Fun Snack Foods Co., Inc. (US), Chipita S.A.(Greece), Tropical Heat (Kenya), Griffin's Foods Limited (New Zealand), ICA Foods International (Italy), and San Carlo (Italy).