According to IMARC Group latest report titled” North America Extruded Snack Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 15.3 Billion in 2020. The North America Extruded Snack Food Market size to exhibit moderate growth during the next five years. Extruded snack food is prepared using extrusion technique that involves mass production of snack foods to ensure their homogeneity of shape and appearance. Some of the most commonly used raw ingredients, such as oats, tapioca, potatoes, corn and wheat, are used to produce chips, baby food, pasta, puffed corns, cereals and macaroni. In North America, extruded snack food has gained preference among individuals with hectic and fast-paced lifestyles.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The North America extruded snack food market is primarily driven by the shifting dietary preferences and increasing working professionals. Extruded snacks are ready-to-eat (RTE) food products that can be easily prepared without consuming much time and effort. As a result, several manufacturers have launched snacks with innovative flavors, ingredients, textures and shapes to expand their existing portfolio. With the growing health-consciousness among consumers, they have also introduced various fortified snack variants to cater to the diverse preferences of consumers. These factors are expected to escalate the demand for extruded snack food products across the region.
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North America Extruded Snack Food Market Segmentation:
Our report has categorized the market based on region, type and distribution channel.
Key Regions Analysed
- United States
- Canada
- Analysis for Each Country
Market by Type
- Potato
- Corn
- Rice
- Tapioca
- Mixed Grains
- Others
Market by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience
- Specialty Food Stores
- Online Stores
- Others
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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