Extrusion is a common method used to make snack foods because it ensures product homogeneity and facilitates the mass production of food items in an organized and continuous manner. They are made from foods such as soy, wheat, sorghum, and cereal flour or starches, which are subsequently processed further to produce partially or fully cooked dishes. They frequently include readily consumable food items intended for snacking, like bread, macaroni, jellybeans, corn curls, breakfast cereals, and onion rings.
Europe Extruded Snack Food Market Driving Factors and Challenges
Drivers:
Over the forecast period, rising lifestyle shifts brought on by high consumer discretionary incomes will drive the expansion of the extruded snack market in Europe. Additionally, the shift in consumer behavior from complete meals to snacks is probably going to fuel market expansion. Sales of extruded snacks will rise in the future as millennials' need for a wider range of nutrient-dense, high-fiber multigrain snacks grows. People are choosing national or general brands as the economy improves in different parts of the world, which is expected to drive growth in the extruded snack industry.
Challenges:
The development of new players in the European extruded snack market may be impeded by the fierce competition that is boosting R&D efforts for extruded snacks. Nevertheless, health issues linked to overindulging in extruded snacks and heightened rivalry from regional firms are anticipated to restrain market expansion. Further factors that could limit market expansion include high production costs, unstable raw material prices, and rising health concerns.
Impact of COVID-19 on Europe Extruded Snack Food Market
The COVID-19 pandemic had an enormous effect on the European extruded snack food business. People consumed more food when they were forced to spend more time at home due to lockdowns and other mobility limitations. However, the epidemic also brought health issues to the public's attention, which changed the landscape in favor of healthier snack options. Manufacturers responded to changing consumer behavior by introducing healthier and immune-boosting snacks. Despite the challenges posed by the pandemic, the market shown resilience and continued to grow.
Europe Extruded Snack Food Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Intersnack Group GmbH & Co. KG, Pepsico, Inc., Kellogg Company, Mondelez International, Inc., Lorenz Snack-World GmbH, Esterella Maarud AS, Zweifel Pomy-Chips AG, Walkers Snack Foods Ltd., Orkla ASA, Intesnack Nederland B.V.
Europe Extruded Snack Food Market Segmentation:
By Type: Based on the Type, Europe Extruded Snack Food Market is segmented as; Potato, Corn, Rice, Tapioca, Mixed Grains, Others.
By Distribution Channel: Based on the Distribution Channel, Europe Extruded Snack Food Market is segmented as; Supermarkets/Hypermarkets, Convenience Stores, Specialty Food Stores, Online Retail, Others.
By Region: This research also includes data for UK, France, Germany, Italy, Spain, Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.