South and Central America 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)
The extruded snacks market in South & Central America is expected to grow from US$ 5.65 billion in 2022 to US$ 7.33 billion by 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.
The demand for fortified extruded snacks is increasing owing to changing consumer preferences toward healthy snacking options, rising awareness regarding health benefits, and increasing number of health-conscious population. The demand for healthy food products has surged, replacing traditionally used corn starch, wheat starch, and other raw materials with healthy nutritional raw materials. Consumers are looking for nutritional statements and free-from claims, such as grain-free, gluten-free, GMO-free, animal-free (vegan), and allergen-free. They also want added protein, fiber, and nutrients. Furthermore, the increasing demand for healthy food products has pushed manufacturers to opt for healthy alternatives such as extruded snacks with a protein boost. Manufacturers are engaged in developing new forms of starch, which are healthier compared to traditional starch used for extruded snacks. The growing demand for healthier snacks has surged the use of tubers as a raw material for manufacturing extruded snacks, which will help develop snacks with better nutritional, functional, and sensory characteristics. Thus, the increasing requirement for fortified extruded snacks is expected to pose a growth opportunity for the extruded snacks market.
South & Central America Extruded Snacks Market Revenue and Forecast to 2028 (US$ Billion)
South & Central America Extruded Snacks Market Segmentation
The South & Central America 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 South & Central America 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 South & Central America 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 South & Central America extruded snacks market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America would dominate the market in 2022.
The key players operating in the South & Central America extruded snacks market include General Mills Inc.; Kellogg’s Company; Meiji Holdings Co. Ltd.; and PepsiCo, Inc.
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. South & Central America 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. South & Central America Extruded Snacks Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Convenience and On-the-go Products
5.1.2 Rising 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 – South & Central America Analysis
6.1 South & Central America Extruded Snacks Market Overview
6.2 South & Central America Extruded Snacks Market –Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Extruded Snacks Market Analysis – By Raw Material
7.1 Overview
7.2 South & Central America Extruded Snacks Market Breakdown, by Raw Material, 2021 & 2028
7.3 Roots and Tubers
7.3.1 Overview
7.3.2 Roots and Tubers: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.1 Potato: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.2 Tapioca: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.3 Others: South & Central America 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: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.4.2.1 Corn: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.4.2.2 Wheat: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.4.2.3 Others: South & Central America 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: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Extruded Snacks Market Analysis – By Category
8.1 Overview
8.2 South & Central America Extruded Snacks Market Breakdown, by Category, 2021 & 2028
8.3 Second Generation Snacks
8.3.1 Overview
8.3.2 Second Generation Snacks: South & Central America 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: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Extruded Snacks Market Analysis – By Distribution Channel
9.1 Overview
9.2 South & Central America Extruded Snacks Market Breakdown, by Distribution Channel, 2021 & 2028
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Extruded Snacks Market– Country Analysis
10.1 Overview
10.1.1 South & Central America: Extruded Snacks Market, by Key Country
10.1.1.1 Brazil: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Extruded Snacks Market, By Raw Material
10.1.1.1.1.1 Brazil: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type
10.1.1.1.1.2 Brazil: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type
10.1.1.1.2 Brazil: Extruded Snacks Market, by Category
10.1.1.1.3 Brazil: Extruded Snacks Market, by Distribution Channel
10.1.1.2 Argentina: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Extruded Snacks Market, By Raw Material
10.1.1.2.1.1 Argentina: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type
10.1.1.2.1.2 Argentina: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type
10.1.1.2.2 Argentina: Extruded Snacks Market, by Category
10.1.1.2.3 Argentina: Extruded Snacks Market, by Distribution Channel
10.1.1.3 Rest of South & Central America: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of South & Central America: Extruded Snacks Market, By Raw Material
10.1.1.3.1.1 Rest of South & Central America: Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type
10.1.1.3.1.2 Rest of South & Central America: Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type
10.1.1.3.2 Rest of South & Central America: Extruded Snacks Market, by Category
10.1.1.3.3 Rest of South & Central America: 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 Kellogg's Company
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 General Mills Inc.
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 Meiji Holdings Co., Ltd.
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South & Central America Extruded Snacks Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 11. Argentina Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South & Central America Extruded Snacks Market, By Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South & Central America Roots and Tubers Extruded Snacks Market, by Roots and Tubers Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of South & Central America Cereals and Grains Extruded Snacks Market, by Cereals and Grains Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of South & Central America Extruded Snacks Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of South & Central America Extruded Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Extruded Snacks Market Segmentation
Figure 2. South & Central America Extruded Snacks Market Segmentation – By Country
Figure 3. South & Central America Extruded Snacks Market Overview
Figure 4. South & Central America Extruded Snacks Market: By Distribution Channel
Figure 5. South & Central America Extruded Snacks Market: By Country
Figure 6. Porter's Five Forces Analysis: South & Central America Extruded Snacks Market
Figure 7. Expert Opinion
Figure 8. South & Central America Extruded Snacks Market Impact Analysis of Drivers and Restraints
Figure 9. South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. South & Central America Extruded Snacks Market Breakdown, by Raw Material, 2021 & 2028
Figure 11. Roots and Tubers: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Potato: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Tapioca: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Cereals and Grains: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Corn: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Wheat: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Pulses and Lentils: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. South & Central America Extruded Snacks Market Breakdown, by Category, 2021 & 2028
Figure 22. Second Generation Snacks: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Third Generation Snacks: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. South & Central America Extruded Snacks Market Breakdown, by Distribution Channel, 2021 & 2028
Figure 25. Supermarkets and Hypermarkets: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Convenience Stores: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Online Retail: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: South & Central America Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. South & Central America: Extruded Snacks Market, by key Country – Revenue (2021) (US$ Million)
Figure 30. South & Central America: Extruded Snacks Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. Brazil: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Argentina: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of South & Central America: Extruded Snacks Market – Revenue and Forecast to 2028 (US$ Million)
- General Mills Inc.
- 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 South & Central America 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 South & Central America 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 South & Central America 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