According to SPER Market Research, Extruded snacks are a type of processed food that is produced by forcing a blend of grains, flours, and other components through a machine referred to as an extruder. This machine applies both heat and pressure to transform the mixture into a dough-like consistency, which is then extruded through a die to create a specific shape, such as a ring, tube, or puffed shape. After that, the snacks are either fried or baked to make them crispy and enhance their flavour. Some well-known examples of extruded snack foods include pretzels, cheese puffs, and corn chips. These snacks are favoured by many because they are simple to prepare, easy to eat, and come in a variety of shapes and flavours. However, it is crucial to keep in mind that they should be consumed in moderation as they often contain high amounts of calories, salt, and fat.
- Forecast CAGR (2022-2032): 4.28%
- Forecast Market Size (2032): 0.003 billion
Middle East and North Africa Extruded Snack Food Market Driving Factors and Challenges:
The Middle East and North Africa (MENA) extruded snack food market is growing rapidly with a CAGR of 4.28% due to several factors such as increasing population, rising disposable incomes, expanding retail sector, new flavours and packaging formats, changing lifestyle and dietary habits, and emergence of online retail platforms. These factors have contributed to the growing demand for convenient and affordable snack foods in the region. As a result, the extruded snack food market is expected to continue to grow in the coming years.
Despite the significant growth in the Middle East and North Africa (MENA) extruded snack food market, there are several challenges that need to be addressed to ensure its sustainable growth in the future. Firstly, there is an increasing demand for healthier snack options, which can be challenging for manufacturers due to the high levels of salt, fat, and sugar typically found in extruded snacks. Secondly, the market faces intense competition, leading to a price war, that can impact the profit margins of smaller players in the market. Moreover, political instability and economic volatility in the MENA region can impact consumer spending habits and the availability of raw materials for manufacturing extruded snacks. Finally, regulatory issues can create logistical challenges for manufacturers seeking to sell their products across multiple countries in the region. Therefore, manufacturers need to develop healthier snack products, innovate and differentiate themselves, and plan and invest in the long term to overcome these challenges and ensure the sustainable growth of the MENA extruded snack food market.
Impact of COVID-19 on Middle East and North Africa Extruded Snack Food Market:
The COVID-19 pandemic has resulted in a decline in demand for extruded snacks in the Middle East and North Africa (MENA) region due to decreased consumer spending and changes in behavior. Supply chain disruptions have made it difficult for manufacturers to access raw materials and distribute their products, leading to an increase in the cost of production and logistics, and further impacting the profit margins of manufacturers in the region. However, some manufacturers have been able to adapt to the changing market conditions by developing new products and packaging formats that cater to the evolving consumer preferences. Additionally, the increased demand for online shopping during the pandemic has allowed manufacturers to reach consumers directly. Despite the negative impact of the pandemic on the MENA extruded snack food market, manufacturers can overcome the challenges and continue to grow in the future with innovative solutions and adaptation.
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Middle East and North Africa Extruded Snack Food Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Hunter Foods LLC, Al-Rimal Group, Others.
Middle East and North Africa Extruded Snack Food Market Segmentation:
By Type: Based on the Type, Middle East and North Africa Extruded Snack Food Market is segmented as; Corn, Mixed Grains, Potato, Rice, Tapioca, Others.
By Distribution Channel: Based on the Distribution Channel, Middle East and North Africa Extruded Snack Food Market is segmented as; Convenience Stores, Online Retail, Specialty Food Stores, Supermarkets/Hypermarkets, Others.
By Region: This report also provides the data for key regional segments of Saudi Arabia, United Arab Emirates, Egypt, Iran, Israel, Rest of Middle East and North Africa Extruded Snack Food Market.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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