South and Central America Extruded Snacks Market

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.

South and Central America Extruded Snacks Strategic Insights

Strategic insights for the South and Central America Extruded Snacks provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South and Central America Extruded Snacks Report Scope

South and Central America Extruded Snacks Regional Insights

The geographic scope of the South and Central America Extruded Snacks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.