North America Extruded Snacks Market Size, Share, Trends, Segmentation And 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 is experiencing
significant growth, driven by changing consumer preferences and an increasing
demand for convenient, ready-to-eat food products. Extruded snacks, made by
forcing a mixture of ingredients through a machine to form different shapes and
textures, have become a staple in the modern diet due to their versatility and
shelf stability. With consumers in North America becoming more
health-conscious, there is a notable shift toward snacks that offer not only
taste but also nutritional benefits.
The North America Extruded Snacks Market is being propelled
by the rising popularity of on-the-go lifestyles. As people continue to look
for fast and accessible food options, extruded snacks offer an ideal solution.
They are easy to carry, require no preparation, and are available in a wide
range of flavors and types, from puffed corn snacks to multigrain chips. This
convenience factor is a major contributor to the increasing consumption of
extruded snacks across the region.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/BMIRE00025877
Another key factor influencing the North America Extruded
Snacks Market is the growing awareness around healthier food choices.
Manufacturers are responding to consumer demands by innovating with new
ingredients such as lentils, chickpeas, and quinoa, resulting in snacks that
are higher in protein and fiber while being lower in fat. This trend aligns
with the broader shift in the food industry toward clean-label and plant-based
products, which are gaining traction in North America.
Demographic trends also play a crucial role in shaping the North
America Extruded Snacks Market. Younger consumers, particularly millennials and
Gen Z, tend to snack more frequently throughout the day rather than eating full
meals. This behavior supports the growth of snack consumption, with extruded
snacks benefiting from their appealing textures and flavor diversity. At the
same time, older demographics are also showing interest, especially in snacks
that cater to specific dietary needs such as gluten-free or low-sodium options.
Innovation is a key driving force in the North America
Extruded Snacks Market. Companies are investing in research and development to
create products with enhanced taste, texture, and nutritional profiles. The use
of advanced extrusion technologies allows for greater control over ingredients
and processing, resulting in high-quality snacks that meet evolving consumer
expectations. Novel shapes, exotic flavors, and functional benefits such as
added vitamins or probiotics are becoming increasingly common.
Retail expansion is further supporting the growth of the North
America Extruded Snacks Market. These products are widely available through
various channels including supermarkets, convenience stores, and online
platforms. E-commerce, in particular, has opened new avenues for consumers to
explore niche products and international flavors. This accessibility ensures
that extruded snacks remain a top choice among consumers in North America.
In conclusion, the North America Extruded Snacks Market is
thriving due to the interplay of convenience, innovation, and health trends.
With a diverse consumer base and continuous product development, the market is
expected to maintain its momentum in the coming years. As eating habits
continue to evolve, extruded snacks are well-positioned to meet the demands of
modern consumers, solidifying the position of the North America Extruded Snacks
Market as a key segment in the broader snack industry.
📚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
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.
North America Extruded Snacks
Strategic Insights
Strategic insights for the North America Extruded Snacks
provides data-driven analysis of the industry landscape, including current
trends, key players, and regional nuances. These insights offer actionable
recommendations, enabling readers to differentiate themselves from competitors
by identifying untapped segments or developing unique value propositions.
Leveraging data analytics, these insights help industry players anticipate the
market shifts, whether investors, manufacturers, or other stakeholders. A
future-oriented perspective is essential, helping stakeholders anticipate
market shifts and position themselves for long-term success in this dynamic region.
Ultimately, effective strategic insights empower readers to make informed
decisions that drive profitability and achieve their business objectives within
the market.
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.
The key players operating in the North America extruded
snacks market include 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; and PepsiCo, Inc.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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