The Europe Extruded Snacks Market was calculated to be US$ xx million in 2022, and it is determined to reach a valuation of US$ xx million by the end of 2028 with an annual expansion rate of xx% between 2023 and 2028.
Extrusion is a form used in food processing where a variety of materials are pushed through holes in a perforated plate with a specific food-grade design. A blade is then used to cut it into a specific size. The extrusion method allows the continuous mass production of food products in a well-organized manner that ensures homogeneity of the final product. Foods produced with this method are generally high in starch. These foods include a variety of breakfast pastas, pet foods, cereals, ready-to-eat snacks, breads, fatty beans, textured plant proteins, candy, cookie dough, baby food, and beverages.
The rising call for obesity control and calorie-free snacks is predicted to propel the Europe extruded snacks market over the envisioned period.
Increasing lifestyle changes driven by high consumer disposable incomes issupposed to boost the growth of the Europe extruded snacks market over the outlook period. Also, the change in consumer behavior patterns, the transition from full meals to snacks, is likely to drive market growth. Extruded snack sales will increase in future as demand for a variety of high fiber and nutrient multigrain snacks increases among millennials. As the economic situation improves in various regions, people have opted for general or national brands, and consequently the market for extruded snacks is estimated to expand. Consumers are paying more attention to the snacks they consume in their daily lives, and due to the benefits, these products offer regarding metabolism, they are increasingly adopting healthy food products such as extruded snacks. The nutritional composition of extruded snacks can be modified by altering the metabolic capacity of starch and proteins. Additionally, hypermarkets and supermarkets are expected to drive the growth of the European extruded snack market by increasing the trend for on-the-go snacks and driving purchases. It is also widely consumed at parties, small or large gatherings, entertainment centers, theaters, and many other places. The market is largely driven by rising disposable income and changing lifestyles of millennials. Consumers are more cautious about the snacks they eat every day, and because of the metabolic benefits these products provide, they are increasingly embracing healthier foods such as extruded snacks.
Healthy snacks are eaten for weight loss, and these snacks also provide the body with essential nutrients and vitamins. Furthermore, the growing concern with maintaining a healthy diet among people is increasing the demand for foods low in carbohydrates and fat, which in turn is likely to drive the regional market for extruded snacks. The retail industry's increased investment in hypermarkets and the expansion of supermarkets will further strengthen the growth opportunities of the European extruded snacks market. Most of the population lives a fast-changing lifestyle because of increasing urbanization. Working long hours makes it difficult for most people to eat properly, so they rely on ready-to-eat foods such as extruded snacks. Increasing youth in European regions and rising disposable income are also predicted to drive demand for extruded snacks in this area.
Although cutthroat competition is adding fuel to R&D initiatives for extruded snacks, it could hamper the growth of new entrants to the Europe extruded snack market. However, health problems associated with the excessive consumption of extruded snacks and intensifying competition from local players are expected to limit the growth of the market.
By type, the wheat segment of the extruded snacks market is estimated to have the largest share in 2019. Wheat has lower fat and carbohydrates and more dietary fiber compared to potatoes and corn. Wheat is gaining popularity as a healthy snack option, and manufacturers are developing products in a variety of flavors.
By the distribution channels, hypermarkets and supermarkets are supposed to form the largest segment in 2019. They are expected to be the largest and fastest growing market during the foreseen period. The benefits of real-time comparisons between the different offered varieties and brands for consumers are the main reasons why hypermarkets and supermarkets have been successful in this market. In addition, these formats not only support snack trends on the go, but also support impulse buying.
Geographically the Europe Extruded Snacks Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. The growing population of the European region and people's propensity for Western culture will drive the growth of the extruded snacks market during the envisioned period. Also, the European extruded snacks market is strengthened due to the increase in disposable income and the constant trend of snacks due to busy lifestyles. Economic conditions in various countries have boosted the European extruded snacks market by encouraging people to choose national or generic brands. The growing infrastructure of hypermarkets and supermarkets will further intensify the demand for extruded snacks in this locale. The demand for extruded snacks in Europe is increasing with social events and consumption as common snacks. Additionally, consumers are increasingly moving toward healthier options, such as wheat snacks and cereals.Whole wheat and other grains are gaining popularity in snacks alongside soy flour, seeds, and natural processed grains.
Key Players in the Market:
Major Key Players in the Europe Extruded Snacks Market are
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