North America Extruded Snacks Market Research, Share, Size, Growth, Competitor Strategy and Trends by Forecast to 2028

 

The extruded snacks market in North America is expected to grow from US$ 13.13 billion in 2022 to US$ 18.91 billion by 2028; it is estimated to grow at a CAGR of 6.3% from 2022 to 2028.

The rapid emergence of the retail chain is one of the driving factors for extruded snacks market. Retail chains are key contributors to increasing awareness about extruded snacks among consumers. The strong presence of retail chains across the region is contributing to the growth of the market. Penetration of retail chains is increasing across the region. According to the National Retail Federation, in 2021, the total number of retail stores established across the US increased and grew over 70% in the last three years totaling approximately 3,950 stores across the US. Furthermore, expansion plans of major retailers across rural and semi-urban areas across the region are expected to increase consumer awareness and availability of extruded products in the coming years, thereby driving the market. The increasing foreign direct investment in various emerging countries is further posing a growth opportunity for the extruded snacks market. Furthermore, some retailers are introducing their private label products in order to cater to the rising consumer demand for extruded snacks market. Thus, the increasing penetration of the retail chain is driving the extruded snacks market.

The North America Extruded Snacks Market has experienced significant growth in recent years, driven by changing consumer preferences, innovations in food processing technologies, and increased demand for convenient and healthy snack options. Extruded snacks, which are made using high-temperature, high-pressure extrusion cooking methods, have become a popular choice among consumers seeking flavorful, crunchy, and ready-to-eat snacks.

One of the major factors contributing to the growth of the North America Extruded Snacks Market is the rising awareness of health and wellness. Consumers are increasingly looking for snacks that offer nutritional benefits without compromising on taste. This has led to a surge in demand for extruded snacks that are low in fat, high in protein, gluten-free, or made from whole grains and natural ingredients. The versatility of extrusion technology allows manufacturers to experiment with different formulations, textures, and flavors, helping to meet the diverse preferences of North American consumers.

📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/BMIRE00025877

The North America Extruded Snacks Market is also influenced by the growing trend of on-the-go snacking. As busy lifestyles become more common, there is a greater need for convenient snack options that can be consumed at work, during commutes, or while traveling. Extruded snacks are ideal for this purpose as they are lightweight, have a longer shelf life, and are easy to package and transport. This convenience factor has played a crucial role in expanding the market.

Moreover, the North America Extruded Snacks Market is witnessing increasing demand from various age groups, including children, teenagers, and adults. The appeal of unique flavors, attractive packaging, and innovative shapes has made extruded snacks a favorite among younger consumers, while the availability of healthier and more natural options has attracted health-conscious adults. This wide consumer base continues to drive market growth and encourages manufacturers to diversify their product portfolios.

In addition to health and convenience, the North America Extruded Snacks Market is benefiting from the rise in plant-based and organic food consumption. Consumers are becoming more environmentally conscious and are opting for snacks made from sustainable ingredients such as legumes, quinoa, and organic corn. The extrusion process enables the use of a variety of raw materials, aligning with the clean label and sustainability trends that are increasingly important to consumers.

The expansion of retail channels and the growing influence of e-commerce platforms are further boosting the North America Extruded Snacks Market. With online shopping becoming more prevalent, consumers have easier access to a wide range of extruded snack products. This digital shift has allowed smaller and niche brands to reach a broader audience, intensifying competition and innovation in the market. In summary, the North America Extruded Snacks Market is poised for continued growth due to evolving consumer behaviors, technological advancements, and increasing emphasis on health, convenience, and sustainability. As manufacturers continue to innovate and respond to market demands, the popularity of extruded snacks is expected to rise even further, solidifying the North America Extruded Snacks Market as a key segment in the region’s food industry landscape.

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-extruded-snacks-market

𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Calbee

General Mills Inc.

Hain Celestial

Kellogg’s Company

Meiji Holdings Co. Ltd.

Mikesell’s Snack Food Company

Old Dutch Foods, Inc.

Pepperidge Farm Incorporated

PepsiCo, Inc.

North America Extruded Snacks Market Segmentation

 The North America extruded snacks market is segmented into raw material, category, distribution channel, and country. Based on raw material, the market has been segmented into roots and tubers, cereals and grains, pulses and lentils, and others. The cereals and grains segment would dominate the market in 2022. The roots and tubers segment is further categorized into potato, tapioca, and others. The cereals and grains segment is subsegmented into corn, wheat, and others. Based on category, the North America extruded snacks market has been divided into second generation snacks and third generation snacks. The second generation snacks segment would dominate the market in 2022. Based on distribution channel, the North America extruded snacks market has been segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment would dominate the market in 2022. Based on country, the North America extruded snacks market is segmented into the US, Canada, and Mexico. The US would dominate the market in 2022

North America Extruded Snacks Regional Insights

The geographic scope of the North America Extruded Snacks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The extruded snacks market in North America has witnessed considerable growth over the past decade, driven by evolving consumer preferences, innovations in food processing technologies, and an increasing demand for convenient, ready-to-eat food options. As consumer lifestyles become more fast-paced and health-conscious, the demand for snacks that offer both flavor and nutritional benefits has surged, positioning extruded snacks as a preferred choice among various age groups.

Extruded snacks are processed food products made by forcing a mixture of ingredients through a die under high pressure and temperature, resulting in expanded and textured products. These snacks can be made from a wide variety of ingredients such as corn, wheat, rice, oats, and multigrains. The extrusion process allows for the production of a wide array of snack types, including puffed snacks, curls, chips, and sticks, in a variety of shapes, textures, and flavors.

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