North America Extruded Snacks Market Trends, Size, Segment and Growth 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.

Exploring Growth and Trends in the North America Extruded Snacks Market

The North America Extruded Snacks Market is witnessing rapid expansion, driven by shifting consumer preferences, innovation in food processing technologies, and the increasing demand for healthier snacking options. With consumers gravitating towards convenience and nutrition, extruded snacks have emerged as a preferred choice due to their versatility, extended shelf life, and potential for incorporating functional ingredients.

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

Extrusion technology allows manufacturers to produce a wide variety of snack products in different shapes, sizes, and textures. As a result, the North America Extruded Snacks Market is characterized by a dynamic range of offerings, from puffed corn snacks and rice-based crisps to protein-enriched snacks made from legumes and whole grains.

Health consciousness among consumers is one of the primary drivers of the North America Extruded Snacks Market. People are increasingly opting for low-fat, gluten-free, and high-protein snacks that align with modern dietary preferences. To cater to this demand, manufacturers are reformulating products and introducing new ingredients such as quinoa, lentils, and chickpeas. These innovations not only enhance nutritional value but also expand the market's appeal to health-focused consumers.

The convenience factor also plays a crucial role in the expansion of the North America Extruded Snacks Market. As busy lifestyles become the norm, ready-to-eat snack options have gained popularity across all age groups. Extruded snacks offer an ideal solution, being portable, easy to consume, and available in resealable packaging that supports on-the-go consumption.

Flavor innovation remains a key strategy for companies competing in the North America Extruded Snacks Market. To meet diverse taste preferences, manufacturers are developing bold and unique flavors, including spicy, tangy, ethnic, and gourmet-inspired varieties. This trend has not only increased product variety but also enhanced brand loyalty and consumer engagement.

Retail and distribution advancements have further propelled the North America Extruded Snacks Market. From traditional supermarkets to convenience stores and e-commerce platforms, extruded snacks are now more accessible than ever. The rise of online grocery shopping has particularly boosted sales, allowing consumers to easily explore and purchase their favorite snack brands from the comfort of home.

Sustainability and clean-label trends are also shaping the North America Extruded Snacks Market. Environmentally conscious consumers are seeking snacks with natural ingredients, minimal additives, and eco-friendly packaging. Manufacturers that prioritize transparency and sustainability are likely to gain a competitive edge in this evolving market landscape.

In terms of regional trends, the United States dominates the North America Extruded Snacks Market, followed closely by Canada and Mexico. The market is expected to continue growing, driven by product innovation, rising disposable incomes, and evolving snacking habits.

In conclusion, the North America Extruded Snacks Market offers significant growth opportunities for manufacturers willing to innovate and adapt to changing consumer demands. As health, convenience, and sustainability remain top priorities for consumers, companies that align their offerings accordingly are poised for long-term success in the North America Extruded Snacks Market. With continuous product diversification and strong market penetration, the future of the North America Extruded Snacks Market looks promising.

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.

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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.

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.

Retail Expansion Fueling Market Growth

One of the most significant contributors to the growth of the extruded snacks market in North America is the rapid expansion of retail chains. Retail stores act as the primary touchpoint between consumers and brands, playing a crucial role in shaping purchase decisions and building awareness. Over the past few years, there has been a marked increase in the number of retail outlets across the region, particularly in the United States. The proliferation of retail chains in both urban and rural areas has improved the availability and visibility of extruded snack products.

With the continued penetration of supermarkets, hypermarkets, and convenience stores into previously underserved regions, consumers are gaining easier access to a variety of snack options. In rural and semi-urban areas, the entry of organized retail is revolutionizing purchasing behavior by offering attractive packaging, promotions, and diverse product assortments. The expansion of retail infrastructure enhances the consumer's ability to explore different brands and formats of extruded snacks, driving demand across different demographic segments.

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