Extruded Snacks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026
Albany, NY -- (SBWIRE) -- 07/18/2017 -- Changing lifestyle among the urban population and growing consumer preference for ready-to-eat packaged food are two of the primary factors driving the demand in the global extruded snacks market, according to the findings of a recent report by Transparency Market Research (TMR). The report, titled "Extruded Snacks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2026," has been created by a group of professional market research analysts, aspiring to represent the current scenario and future prospects of the extruded snacks market to targeted audiences such as the manufacturers of extruded snacks, raw material suppliers, and regulatory bodies.
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The report provides in-depth assessment of all major factors that may impact the extruded snacks market, positively or negatively, and gauges the potential of various smaller aspects of the market as well as its lucrativeness in different regions. A number of key players have also been profiled in order to showcase the competitive landscape and the opportunities available for new entrants.
Apart from changing consumption habits of the consumers, the global extruded snacks market is expected to gain from factors such as marketing strategies and attractive packaging, growing retail industry, lower prices of products, growing affordability of any class of the society, and entertainment venues and food zones. On the other hand, growing health concerns, increased competition from local manufacturers, and rising cost of raw materials and product cost are challenging the extruded snacks market from attaining its true potential. Nevertheless, the vendors of this market are poised to gain from the advent of healthful extruded snacks.
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Based on type, the global extruded snacks market can be segment into potato, tapioca, corn, rice, mixed grain, and others such as legumes, cereals, and vegetable. Geographically, the repot takes stock of the profitability of regional market such as Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Currently, vastly populated region of Asia Pacific dominates the demand, with increasing disposable income among urban population of emerging economies, followed by North America.
Some of the key companies operating in the global extruded snacks market are Calbee, Inc., Diamond Foods, Inc., Frito-Lay, Inc., ITC Limited, Bag Snacks, Old Dutch Foods, Inc., Kellogg Company, Arca Continental S.A.B. de C.V., Want Want Holdings Limited, JFC International, Inc., Axium Foods, Inc., Mondelez International, Aperitivos Flaper, Amica Chips S.P.A., AUEVSS Ltd., and Universal Robina Corp. New product launches and geographical expansion are two common strategies adopted by these leading vendors to gain ground over their competitors.