India Extruded Snacks Market Forecast and Opportunities, 2021 - Rising Health Consciousness Among Consumers - Research and Markets

News provided by

Research and Markets

31 Aug, 2016, 13:10 BST

DUBLIN, August 31, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "India Extruded Snacks Market By Type (Rice Extruded Snacks, Corn Extruded Snacks, Potato Extruded Snacks, Mixed Grain Extruded Snacks, and Others), By Organized vs Unorganized, Competition Forecast and Opportunities, 2011-2021" report to their offering.

According to India Extruded Snacks Market By Type, By Organized vs Unorganized, Competition Forecast & Opportunities, 2011-2021, the country's extruded snacks market grew at a significant pace over the last decade, and is forecast to grow at a CAGR of more than 11% during 2016-2021.

Continuing growth in the country's extruded snack market can be attributed to prevalence of traditional snacking culture in India, aggressive marketing strategies by key market players, rising disposable income and growing urban population. Introduction of regional flavors by leading players is also boosting the extruded snacks market in the country.

Moreover, busy work schedules, especially of urban population, coupled with huge and growing young population base is boosting demand for extruded snacks. Consumption of extruded snacks is also growing on account of competitive pricing strategies being followed by small and regional players.

West region of India dominated the country's extruded snacks market in 2015, and the region is expected to maintain its dominance during the forecast period. The region also accounts for the largest number of organized and unorganized extruded snacks manufacturers in the country.

In 2015, mixed extruded snacks grabbed the largest value share in the market, and the segment would continue to be the largest in the coming years. Combination of various ingredients makes the products in this product category tastier and crispier, and consequently the segment has been witnessing increasing demand from every section of the society, especially from kids and younger generation.

India Extruded Snacks Market report discusses:

  • India extruded snacks Market Size, Share & Forecast
  • Segmental Analysis - (Mixed Grain, Potato Extruded, Corn Extruded, Rice Extruded and Others)
  • Policy and Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Market Trends and Developments

  • Regionalization of Taste
  • Rising Health Consciousness among Consumers
  • Changing Consumer Lifestyle
  • Increasing Popularity of Different Shaped Snacks
  • Growing Consumer Base

Companies Mentioned

  • Balaji Wafers Pvt. Ltd.
  • Bikaji Foods International Ltd.
  • Bikanervala Foods Pvt. Ltd.
  • DFM Foods Ltd.
  • Haldiram Foods International Ltd.
  • ITC Limited
  • Laxmi Snacks Pvt. Ltd.
  • Parle Products Pvt. Ltd.
  • PepsiCo India Holdings Pvt Ltd
  • Prataap Snacks Pvt. Ltd.

For more information about this report visit http://www.researchandmarkets.com/research/n6f4l7/india_extruded

Related Topics: Snacks and Confectionery, Rice and Rice Products, Savory Snacks, Cereals, Grains and Pulses

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

Related Links

http://www.researchandmarkets.com

SOURCE Research and Markets