Middle East and North Africa Extruded Snack Food Market 2023, Worth US$ 3.2 Billion by 2028
The latest report by IMARC Group, titled “Middle East and North Africa Extruded Snack Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Middle East and North Africa extruded snack food market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The MENA extruded snack food market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Extruded snack food generally comprises breakfast cereals, corn curls, onion rings, pasta, fish paste, jellybeans, macaroni, etc., which is prepared by using corn, tapioca, oats, potatoes, wheat, etc. It usually relies on extrusion cooking, which is a high-temperature short-time (HTST) process. This technique reduces microbial contamination and inactivates enzymes. It also assists in eliminating toxins and microorganisms that are produced naturally while making these snacks healthier and safer for consumption.
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Market Trends & Drivers:
The growing consumer inclination towards western food cultures, on account of the inflating disposable income levels, is among the key factors stimulating the Middle East and North Africa extruded snack food market. Moreover, the changing dietary habits among individuals and the expanding working population are acting as significant growth-inducing factors. Besides this, the escalating demand for extruded snack food, owing to its convenience, affordability, wide availability, appearance, taste, texture, etc., is augmenting the market growth. Furthermore, the rising sales of pasta and other extruded snack food items, as they continue to be a part of the modern diet, are propelling the market growth.
Apart from this, they are also gluten-free and contain several grains, such as quinoa, amaranth, teff, rice, buckwheat, etc., which is catalyzing the market growth. Additionally, the increasing investments in R&D activities to introduce innovative product variants and the widespread adoption of promotional campaigns by leading manufacturers on social media platforms are anticipated to fuel the Middle East and North Africa extruded snack food market over the forecasted period.
Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/middle-east-north-africa-extruded-snack-food-market
Key Market Segmentation:
Breakup by Type:
- Potato
- Corn
- Rice
- Tapioca
- Mixed Grains
- Others
Breakup by Distribution Channels:
- Supermarkets And Hypermarkets
- Convenience Stores
- Specialty Food Stores
- Online Retail
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Egypt
- Iran
- Israel
- Others
Competitive Landscape with Key Players:
The competitive landscape of the market has also been analyzed along with the profiles of some of the leading key players operating in the market.
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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