India Extruded Snacks Market by Type, by Region, by Company Forecast & Opportunities, 2021: TechSci Research Report
India Extruded Snacks Market: Drivers and Restraints
India extruded snacks market is growing at a significant rate and is anticipated to grow at a high CAGR through 2021 on account of changing taste and preferences of the India consumers, growing demand for different snack flavors, increasing acceptance level of western snacks in the country's conventional diet coupled with rising disposable income, availability of extruded snacks at low prices which makes it affordable for all customer segment, etc. Furthermore, leading players like PepsiCo, ITC and others are consistently launching new products and they are spending heavy amount on marketing and advertising and extruded snacks' ads can be seen even in remote part of the country.
Growing health problems like obesity, high cholesterol level, etc. and rising health consciousness is expected to pose a challenge for extruded snacks market in India.
India Extruded Snacks Market: Segmentation
The India Extruded Snacks Market is classified on the basis of type, region and company.
India Extruded Snacks Market, By Type
India Extruded Snacks Market: By Region
Currently, West India region accounted for the largest share in the extruded snacks market in India on account of presence of states like Gujarat and Maharashtra, where extruded snacks consumption is considered to be the highest in India, rising spending power and changing taste preferences of the consumers. Attributed to high population density, increasing middle class population, large share of youth and working population, etc. North region is expected to hold the second highest market share in the extruded snacks market in India.
India Extruded Snacks Market: Key Players
PepsiCo., Haldiram Foods International Pvt. Ltd, Balaji Wafers Pvt. Ltd, ITC Limited, Parle Products Pvt. Ltd. and Prataap Snacks Private Limited, are some of the major players operating in extruded snacks market in India.
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