Europe Extruded Snacks Market Forecast to 2028

Europe Extruded Snacks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Raw Material (Roots and Tubers, Cereals and Grains, Pulses and Lentils, and Others), Category (Second Generation Snacks and Third Generation Snacks), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

Report Code : BMIRE00025860 | Region : Europe | Industry : Food and Beverages | Published Date : 13/Sep/2022

The extruded snacks market in Europe is expected to grow from US$ 16.49 billion in 2022 to US$ 24.62 billion by 2028; it is estimated to grow at a CAGR of 6.9% from 2022 to 2028.

Growing popularity of ready-to-eat, convenience, and on-the-go snacking is one of the major factors propelling the growth of extruded snacks market. The need for on-the-go items that offer a quick feeling of fullness in a busy schedule is mostly driven by the growing number of people entering the formal workforce, which results in their stressed and chaotic lifestyles. In a busy workday, these handy portable packets provide you a little energy boost. Due to the ease and variety of product options that meet the demand for many eating times, the on-the-go snacking trend is becoming more and more popular among millennials. Additionally, cereal-based savory snacks are performing well in stores thanks to their tasty bites and healthy qualities. The rising demand for cereal-based snacks helps the market expand. Furthermore, the demand for snacking increased significantly during COVID-19 pandemic owing to increased preference for convenience food. Moreover, the demand for savory snacks in is increasing owing to rising popularity of savory snacks such as crisp, crisp snacks, popcorn nuts, and amongst others. Consumers are seeking snacks with favorable organoleptic properties which is further surging the demand for extruded snacks during the forecast period. Thus, increasing demand for convenience and ready-to-eat products is surging the demand for extruded snacks during the forecast period.

Europe Extruded Snacks Market Revenue and Forecast to 2028 (US$ Billion)

Europe Extruded Snacks Market Segmentation

The Europe 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 Europe 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 Europe 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. Based on country, the Europe extruded snacks market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe would dominate the market in 2022.

Key players operating in the Europe extruded snacks market include AMICA CHIPS S.p.A.; Calbee; General Mills Inc.; Hain Celestial; Kellogg’s Company; Meiji Holdings Co. Ltd.; and PepsiCo, Inc.

At 6.9% CAGR, the Europe Extruded Snacks Market is speculated to be worth US$ 24.62 billion by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe extruded snacks market was valued at US$ 16.49 billion in 2022 and is expected to reach US$ 24.62 billion by 2028, registering an annual growth rate of 6.9% from 2022 to 2028. The increased penetration of retail chains and rising demand for convenience and on-the-go products are the critical factors attributed to the market expansion.

Rapid emergence of retail chain is posing one of the driving factors for extruded snacks during the forecast period. Retail chain are key contributors toward the increasing awareness about the extruded snacks among consumers. The strong presence of retail chain across the region are contributing towards the growth of the market. Penetration of retail chains are increasing across the region. Furthermore, expansion plans of major retailers across rural and semi-urban areas is expected to increase consumer awareness and availability of extruded products in coming years, thereby driving the market growth. Increasing foreign direct investment in various emerging countries is further posing growth opportunity for the extruded snacks market. Furthermore, some retailers are introducing their private label products in order to cater the rising consumer demand for extruded snacks market. Thus, the increasing penetration of retail chain is expected to drive the growth of the extruded snacks market during the forecast period.

On the contrary, technological and processing challenges and high initial investment hurdles the growth of Europe extruded snacks market.

Based on raw material, the Europe extruded snacks market has been segmented into roots and tubers, cereals and grains, pulses and lentils, and others. The cereals and grains segment held 55.4% market share in 2022, amassing US$ 9.14 billion. It is projected to garner US$ 13.73 billion by 2028 to expand at 7.0% CAGR during 2022–2028. Based on roots and tubers the market is further sub-segmented into potato, tapioca, and others. Based on cereals and grains the market is further sub-segmented into corn, wheat, and others.

Based on category, the Europe extruded snacks market has been divided into second generation snacks and third generation snacks. The second generation snacks segment held 73.4% market share in 2022, amassing US$ 12.10 billion. It is projected to garner US$ 17.83 billion by 2028 to expand at 6.7% CAGR during 2022–2028.

Based on distribution channel, the Europe extruded snacks market has been segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. With 54.8% share of the domain, the supermarkets and hypermarkets segment dominated the market in 2022. It accrued US$ 9.03 billion in 2022 and is estimated to generate US$ 13.94 billion by 2028 to grow at a CAGR of 7.5% over the forecast period.

Based on country, the Europe extruded snacks market is categorized into Germany, France, Italy, the UK, Russia, and the rest of Europe. Our regional analysis states that rest of Europe captured 25.4% market share in 2022. It was assessed at US$ 4.19 billion in 2022 and is likely to hit US$ 5.82 billion by 2028, exhibiting a CAGR of 5.6% during the forecast period.

Key players dominating the Europe extruded snacks market are 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; and PepsiCo, Inc among others.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

4. Europe Extruded Snacks Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

5. Europe Extruded Snacks Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Convenience and On-the-go Products

5.1.2 Increased Penetration of Retail Chains

5.2 Market Restraints

5.2.1 Technological and Processing Challenges and High Initial Investment

5.3 Market Opportunities

5.3.1 Growing Demand for Fortified Extruded Snacks

5.4 Future Trends

5.4.1 Rising Development of New Varieties of Extruded Snacks

5.5 Impact Analysis of Drivers and Restraints

6. Extruded Snacks Market – Europe Analysis

6.1 Europe Extruded Snacks Market Overview

6.2 Europe Extruded Snacks Market –Revenue and Forecast to 2028 (US$ Million)

7. Europe Extruded Snacks Market Analysis – By Raw Material

7.1 Overview

7.2 Europe Extruded Snacks Market Breakdown, by Raw Material, 2021 & 2028

7.3 Roots and Tubers

7.3.1 Overview

7.3.2 Roots and Tubers: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.3.2.1 Potato: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.3.2.2 Tapioca: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.3.2.3 Others: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Cereals and Grains

7.4.1 Overview

7.4.2 Cereals and Grains: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.4.2.1 Corn: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.4.2.2 Wheat: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.4.2.3 Others: Europe Cereals and Grains Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Pulses and Lentils

7.5.1 Overview

7.5.2 Pulses and Lentils: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

8. Europe Extruded Snacks Market Analysis – By Category

8.1 Overview

8.2 Europe Extruded Snacks Market Breakdown, by Category, 2021 & 2028

8.3 Second Generation Snacks

8.3.1 Overview

8.3.2 Second Generation Snacks: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Third Generation Snacks

8.4.1 Overview

8.4.2 Third Generation Snacks: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

9. Europe Extruded Snacks Market Analysis – By Distribution Channel

9.1 Overview

9.2 Europe Extruded Snacks Market Breakdown, by Distribution Channel, 2021 & 2028

9.3 Supermarkets and Hypermarkets

9.3.1 Overview

9.3.2 Supermarkets and Hypermarkets: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Convenience Stores

9.4.1 Overview

9.4.2 Convenience Stores: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Online Retail

9.5.1 Overview

9.5.2 Online Retail: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

10. Europe Extruded Snacks Market– Country Analysis

10.1 Overview

10.1.1 Europe: Extruded Snacks Market, by Key Country

10.1.1.1 Germany: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Germany: Extruded Snacks Market, By Raw Material

10.1.1.1.1.1 Germany: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type

10.1.1.1.1.2 Germany: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type

10.1.1.1.2 Germany: Extruded Snacks Market, by Category

10.1.1.1.3 Germany: Extruded Snacks Market, by Distribution Channel

10.1.1.2 France: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 France: Extruded Snacks Market, By Raw Material

10.1.1.2.1.1 France: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type

10.1.1.2.1.2 France: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type

10.1.1.2.2 France: Extruded Snacks Market, by Category

10.1.1.2.3 France: Extruded Snacks Market, by Distribution Channel

10.1.1.3 Italy: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Italy: Extruded Snacks Market, By Raw Material

10.1.1.3.1.1 Italy: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type

10.1.1.3.1.2 Italy: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type

10.1.1.3.2 Italy: Extruded Snacks Market, by Category

10.1.1.3.3 Italy: Extruded Snacks Market, by Distribution Channel

10.1.1.4 UK: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 UK: Extruded Snacks Market, By Raw Material

10.1.1.4.1.1 UK: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type

10.1.1.4.1.2 UK: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type

10.1.1.4.2 UK: Extruded Snacks Market, by Category

10.1.1.4.3 UK: Extruded Snacks Market, by Distribution Channel

10.1.1.5 Russia: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 Russia: Extruded Snacks Market, By Raw Material

10.1.1.5.1.1 Russia: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type

10.1.1.5.1.2 Russia: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type

10.1.1.5.2 Russia: Extruded Snacks Market, by Category

10.1.1.5.3 Russia: Extruded Snacks Market, by Distribution Channel

10.1.1.6 Rest of Europe: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of Europe: Extruded Snacks Market, By Raw Material

10.1.1.6.1.1 Rest of Europe: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type

10.1.1.6.1.2 Rest of Europe: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type

10.1.1.6.2 Rest of Europe: Extruded Snacks Market, by Category

10.1.1.6.3 Rest of Europe: Extruded Snacks Market, by Distribution Channel

11. Industry Landscape

11.1 Overview

11.2 Business Planning and Strategy

11.3 Expansion & Collaboration

11.4 Product News

12. Company Profiles

12.1 PepsiCo, Inc.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 AMICA CHIPS S.p.A.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Calbee

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Kellogg's Company

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 General Mills Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Meiji Holdings Co., Ltd.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Hain Celestial

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             Europe Extruded Snacks Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Germany Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Germany Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Germany Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 7.             France Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 8.             France Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             France Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          France Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 11.          France Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Italy Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Italy Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Italy Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Italy Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Italy Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 17.          UK Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 18.          UK Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          UK Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)

Table 20.          UK Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 21.          UK Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 22.          Russia Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 23.          Russia Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)

Table 24.          Russia Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)

Table 25.          Russia Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 26.          Russia Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 27.          Rest of Europe Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)

Table 28.          Rest of Europe Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)

Table 29.          Rest of Europe Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)

Table 30.          Rest of Europe Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 31.          Rest of Europe Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 32.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           Europe Extruded Snacks Market Segmentation

Figure 2.           Europe Extruded Snacks Market Segmentation – By Country

Figure 3.           Europe Extruded Snacks Market Overview

Figure 4.           Europe Extruded Snacks Market: By Distribution Channel

Figure 5.           Europe Extruded Snacks Market: By Country

Figure 6.           Porter's Five Forces Analysis: Europe Extruded Snacks Market

Figure 7.           Expert Opinion

Figure 8.           Europe Extruded Snacks Market Impact Analysis of Drivers and Restraints

Figure 9.           Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Europe Extruded Snacks Market Breakdown, by Raw Material, 2021 & 2028

Figure 11.        Roots and Tubers: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Potato: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Tapioca: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Others: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Cereals and Grains: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Corn: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Wheat: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Others: Europe Cereals and Grains Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Pulses and Lentils: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Others: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Europe Extruded Snacks Market Breakdown, by Category, 2021 & 2028

Figure 22.        Second Generation Snacks: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Third Generation Snacks: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Europe Extruded Snacks Market Breakdown, by Distribution Channel, 2021 & 2028

Figure 25.        Supermarkets and Hypermarkets: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Convenience Stores: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Online Retail: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Others: Europe Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Europe: Extruded Snacks Market, by key Country– Revenue (2021) (US$ Million)

Figure 30.        Europe: Extruded Snacks Market Revenue Share, by Key Country (2021 and 2028)

Figure 31.        Germany: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        France: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Italy: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        UK: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        Russia: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36.        Rest of Europe: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Europe Extruded Snacks Market

● AMICA CHIPS S.p.A.

● Calbee

● General Mills Inc.

● Hain Celestial

● Kellogg’s Company

● Meiji Holdings Co. Ltd.

● PepsiCo, Inc.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Extruded Snacks Market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Europe Extruded Snacks Market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Extruded Snacks Market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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