South and Central America Extruded Snacks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Raw Material, Category, and Distribution Channel

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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.

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Product Code: BMIRE00025881

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