Product Code: ETC4541545 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India extruded snacks market import shipment experienced a negative CAGR from 2020 to 2024, indicating a slowdown in growth. However, there was a notable uptick in the growth rate between 2023 and 2024, suggesting a potential rebound or stabilization in the market towards the end of the period.
The extruded snacks market in India is thriving as consumers increasingly opt for convenient and savory snack options. Extruded snacks, including products like puffed chips and snack pellets, have gained popularity as tasty, on-the-go choices. With changing lifestyles and snack preferences, this market is expanding rapidly.
The India extruded snacks market has been thriving due to several factors. Firstly, changing lifestyles and eating habits have led to an increased preference for convenient and ready-to-eat snacks, which are readily available in the market. The popularity of extruded snacks can be attributed to their convenience, shelf stability, and wide range of flavors, making them appealing to a broad consumer base. Additionally, the affordability of extruded snacks makes them accessible to a wide socio-economic demographic, further fueling their demand. The market`s growth is also driven by the diversification of product offerings, with manufacturers constantly introducing new and innovative flavors to cater to evolving consumer tastes. Furthermore, extruded snacks have become a staple in India households, often consumed as snacks during social gatherings and festivals. As these trends persist and manufacturers continue to innovate, the extruded snacks market in India is expected to remain robust.
Balancing taste, convenience, and health requirements poses a challenge. Meeting consumer expectations for healthier snack options without compromising on flavor and texture is a significant hurdle.
The India extruded snacks market experienced mixed effects due to the COVID-19 pandemic. While there was an initial decline in demand as people stocked up on essential items, the market quickly rebounded as consumers turned to convenient and shelf-stable snacks during lockdowns. The extruded snacks segment benefited from the surge in at-home consumption, with people seeking comfort foods. Manufacturers adapted to the changing consumer behavior by launching new flavors and packaging sizes. However, supply chain disruptions and labor shortages posed challenges in production and distribution, impacting the market`s growth to some extent.
The India extruded snacks market is influenced by key players such as Balaji Wafers Pvt. Ltd., ITC Limited, and Haldiram`s. These companies specialize in producing a wide variety of extruded snacks. Their focus on innovation, diverse snack offerings, and strong distribution networks has significantly shaped the market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Extruded Snacks Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Extruded Snacks Market Revenues & Volume, 2021 & 2031F |
3.3 India Extruded Snacks Market - Industry Life Cycle |
3.4 India Extruded Snacks Market - Porter's Five Forces |
3.5 India Extruded Snacks Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Extruded Snacks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.7 India Extruded Snacks Market Revenues & Volume Share, By Manufacturing Method, 2021 & 2031F |
4 India Extruded Snacks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of the Indian population leading to higher spending on convenience foods like extruded snacks. |
4.2.2 Growing urbanization and changing lifestyles, which are driving the demand for on-the-go snack options. |
4.2.3 Wide availability and variety of flavors in extruded snacks catering to diverse consumer preferences. |
4.3 Market Restraints |
4.3.1 Health concerns related to high levels of salt, fat, and artificial additives in extruded snacks impacting consumer choices. |
4.3.2 Competition from other snack options like baked snacks, nuts, and fruits, which are perceived as healthier alternatives. |
5 India Extruded Snacks Market Trends |
6 India Extruded Snacks Market, By Types |
6.1 India Extruded Snacks Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Extruded Snacks Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Extruded Snacks Market Revenues & Volume, By Simply extruded, 2021-2031F |
6.1.4 India Extruded Snacks Market Revenues & Volume, By Exp, 2021-2031F |
6.1.5 India Extruded Snacks Market Revenues & Volume, By ed, 2021-2031F |
6.1.6 India Extruded Snacks Market Revenues & Volume, By Co-extruded, 2021-2031F |
6.2 India Extruded Snacks Market, By Raw Material |
6.2.1 Overview and Analysis |
6.2.2 India Extruded Snacks Market Revenues & Volume, By Wheat, 2021-2031F |
6.2.3 India Extruded Snacks Market Revenues & Volume, By Potato, 2021-2031F |
6.2.4 India Extruded Snacks Market Revenues & Volume, By Corn, 2021-2031F |
6.2.5 India Extruded Snacks Market Revenues & Volume, By Oats, 2021-2031F |
6.2.6 India Extruded Snacks Market Revenues & Volume, By Rice, 2021-2031F |
6.2.7 India Extruded Snacks Market Revenues & Volume, By Multigrain, 2021-2031F |
6.3 India Extruded Snacks Market, By Manufacturing Method |
6.3.1 Overview and Analysis |
6.3.2 India Extruded Snacks Market Revenues & Volume, By Single-screw, 2021-2031F |
6.3.3 India Extruded Snacks Market Revenues & Volume, By Twin-screw, 2021-2031F |
7 India Extruded Snacks Market Import-Export Trade Statistics |
7.1 India Extruded Snacks Market Export to Major Countries |
7.2 India Extruded Snacks Market Imports from Major Countries |
8 India Extruded Snacks Market Key Performance Indicators |
8.1 Consumer engagement metrics such as social media interactions, online reviews, and brand loyalty programs participation. |
8.2 Market penetration in tier 2 and tier 3 cities to gauge the expansion of extruded snacks consumption beyond metro areas. |
8.3 Innovation rate measured by new product launches, unique flavors, and packaging designs to assess market responsiveness to changing consumer demands. |
9 India Extruded Snacks Market - Opportunity Assessment |
9.1 India Extruded Snacks Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Extruded Snacks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.3 India Extruded Snacks Market Opportunity Assessment, By Manufacturing Method, 2021 & 2031F |
10 India Extruded Snacks Market - Competitive Landscape |
10.1 India Extruded Snacks Market Revenue Share, By Companies, 2024 |
10.2 India Extruded Snacks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |