According
to a recently released TechSci Research report, “India Extruded Snacks Market By Type, By Distribution Channel, By Region, By Company,Competition,Forecast
& Opportunities, 2024”, extruded snacks in India is
projected to grow at a CAGR of more than 15% during 2019-2024. Growth in the
market can be majorly attributed to rising per capita income, growing youth
population, growing young population, and introduction of smaller packs as well
as competitive pricing provided by the leading players. Increasing per capita
income of people living in urban, semi-urban and rural regions of the country
is among the major factors driving consumption of extruded snacks. The extruded
snacks market is also expected to be positively influenced by anticipated
growth in the country’s retail
marketin the coming years. Moreover, the growing young population in India is
also positively impacting the growth of extruded snacks market as the kids are
a major target segment of these snacks. Additionally, growing urbanization, and
the introduction of smaller and affordable pack sizes as well as the
competitive pricing provided by the leading companies are some other factors
that are anticipated to contribute to the growth of extruded snacks market in
India during the forecast period.
Browse market data Tables and Figures spread through Pages and an in-depth
TOC on
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Beauty Devices Market"
https://www.techsciresearch.com/report/india-extruded-snacks-market/4296.html
In terms of distribution channel, the extruded snacks market
is categorized into traditional grocery stores, supermarkets/hypermarkets,
convenience stores, online, and other distribution channels. Traditional
grocery stores accounted for the majority share ofIndia extruded snacks market
in 2018 followed by Supermarket/Hypermarket. The convenience stores and online
portals arealso witnessing a healthy growth in the market. In terms of region,
the India extruded snacks market is categorized into North India, West India, East
India, SouthIndia. The market for India extruded snacks in North India was the largest
in 2018 on account of presence of a large customer base, especially the young
population. Major players operating in India extruded snacks market include
PepsiCo, ITC, Prataap Snacks, DFM Foods and Haldirams. In 2018, PepsiCo grabbed
the lion’s share in the country’s extruded, and the company is expected to
continue its dominance through 2024.
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According to TechSci
Research “India is one of the fastest growing major
economies, and with increasing employment opportunities, high GDP growth rate
and rising inflow of foreign direct investment, consumption of extruded snacks
is growing. Kids and young population are the primary buyers of extruded snacks
and they are also the target consumer segments for the major players operating
in the market. Busy lifestyle, rising per capita income, traditional habit of
Indians to have snacks, and increasing middle class population make the country
a lucrative market for extruded snack manufacturers.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India
Extruded Snacks Market By Product Type, By Distribution Channel, By Region,
Competition Forecast & Opportunities, 2024” has
evaluated the future growth potential of India extruded snacks market and
provides statistics and information on market structure, consumer behaviour and
trends. The report is intended to provide cutting-edge market intelligence and
help decision makers take sound investment evaluation. Besides, the report also
identifies and analyses the emerging trends along with essential drivers,
challenges and opportunities available in India extruded snacks market.
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