The Extruded Snacks Market size was USD 52.8 billion in 2022 and is expected to Reach USD 81.64 billion by 2030 and grow at a CAGR of 5.6 % over the forecast period of 2023-2030.
Extruded snacks are a form of processed food produced by pressing a mixture of components through a die. Starch, Cereal flour, Water, and flavorings are common constituents. Extrusion cooks the components and provides them with their distinctive form and texture.
Due to the widespread consumption of potato-based extruded products, such as chips and pallet snacks, potato-based extruded snacks dominated the extruded snacks market in 2022. Approximately 62% of the potatoes grown in the United States are sold as chips, French fries, and other potato products, according to the United States Census Bureau.
The demand for wholesome and nutrient-dense snacks among the young population around the world is expected to grow at a CAGR of 4.2% in terms of volume from 2022 to 2027. Due to its great nutritional value, tapioca is commonly consumed in Asia, Africa, and Latin America, in a variety of ways.
Supermarkets/hypermarkets have emerged as the most important sales channels, owing to rising consumer demand for healthy snacks in a range of tastes, combined with a long shelf life, which is pushing this distribution channel. Furthermore, supermarket and hypermarket behemoths such as 7Eleven, Walmart, SPAR, Carrefour, and Lidl have massive food store chains with a global client base.
KEY DRIVERS
The rising popularity of snacks to support market
Snacks are increasingly being consumed as part of daily meals as well as processed food. Several reasons are driving this tendency, including People increasingly opting for ready-to-eat and convenient food options. Snacks are a convenient and quick method to acquire a meal or snack on the road. Customers are looking for snacks with pleasant organoleptic qualities. The savory nibbles are eaten at tea and breakfast times, as well as throughout the day.
RESTRAIN
The technical and operational issues
Temperature, pressure, and screw speed are all extrusion process characteristics that influence end-product quality. To attain the desired texture, flavor, and nutritional profile, manufacturers must carefully adjust these factors. The moisture content of the components has a considerable impact on the extruded product's texture and cooking qualities. The product will be sticky and difficult to process if the moisture content is too high. The product will be brittle and may not cook evenly if the moisture content is too low. Meeting consumer demand for healthy snacks is another difficulty, as is meeting regulatory obligations.
OPPORTUNITY
Accelerating investments in innovation and the development of novel products
Manufacturers are developing new extrusion technologies that will allow them to create extruded foods with distinct textures, flavors, and nutritional profiles. This is promoting innovation in the extruded snack sector.
Consumers currently look for clean labels such as non-GMO, gluten-free, allergen-free, and Vegan, as well as nutritional information on snack packages. Consumers also seek protein and fiber-rich foods, which presents manufacturers with enormous potential to introduce unique flavors and forms into their product offerings.
CHALLENGES
Raising awareness of health and wellness for consumers
Stringent regulatory requirements
Extruded snacks must meet a variety of regulatory criteria, including those about food safety, labeling, and nutrition. These standards can be complex and expensive to meet, making it difficult for manufacturers to bring new items to market. The Food and Drug Administration (FDA) of the United States regulates extruded snacks under several statutes, including the Federal Food, Drug, and Cosmetic Act (FD&C Act) and the Food Safety Modernization Act (FSMA). Extruded snacks must be safe, nutritious, and correctly labeled, according to the FDA.
The war has resulted in huge price increases for commodities such as wheat, corn, and sunflower oil, which are utilized in the manufacture of extruded snacks. The battle has disrupted extruded snack supply lines, making it impossible for manufacturers to obtain the ingredients and packaging required to produce their goods. Following the commencement of the conflict, the Food and Agriculture Organization's (FAO) food price index, which analyzes international prices of the most widely traded food commodities, reached its peak in March 2022. Export limitations affect 55% of palm oil exports, 36% of wheat exports, 78% of sunflower oil exports, and 6% of soybean oil exports in terms of overall trade in individual products.
Recessions have had a substantial impact on the market for extruded snacks. Extruded snack prices have risen as a result of export limitations on food products. In most cases, inflation reduces demand for extruded snacks. This is because during recessions, customers tend to cut back on discretionary expenditure, and extruded snacks are frequently viewed as non-essential commodities. Furthermore, food and gasoline prices would rise by 3% in 2022 and 2.3% in 2023. Food prices had already risen in some nations by February-March 2022. Food prices in Egypt, for example, are expected to rise by 17% in February 2022. Food price increases have an indirect impact on extruded snacks.
By Type
Simply Extruded
Expanded
Co-extruded
By Raw Material
Potato
Corn
Wheat
Rice
Tapioca
Mixed Grains
By Distribution Channel
Supermarket/Hypermarket
e-commerce
others
.png)
Europe led the market in 2022 with a share of more than 40.0% based on volume. The health benefits of such items are important to customers in the United Kingdom, but Germany is one of the fastest-growing natural and organic healthy foods marketplaces. Snacking during social occasions, on-the-go, or general snacking is driving demand for extruded snacks in Europe. Furthermore, customers are gradually migrating away from unhealthy products and toward healthier alternatives, such as wheat and cereal snacks. Wholegrain wheat and other cereals, along with pulse flours, nuts, and organically processed grains, are becoming more popular in snacks.
Asia Pacific is anticipated to emerge as the fastest growing region, expanding at a revenue-based CAGR of 5.5% from 2022 to 2027 owing to a large population base in countries, such as China and India. Furthermore, due to corporate culture, social gatherings with beverages and snacks are significantly rising in Asian countries, creating new doors for extruded snacks in the regional market.
The demand for foods that can be consumed on the go has greatly expanded in the North American region in recent years. The rise in the number of people entering the labor sector has increased consumer demand for convenience food products. The market for snacks is greatly impacted by the rising demand for ready-to-eat foods that support wellness.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
PepsiCo, Inc., ITC Limited, Mondelez International, JFC International, Calbee, Inc., Gruo Bimbo, Kellogg Company, Lorenz Snack World, Cambell Soup Company, General Mills, Inc., and other key players are mentioned in the final report.
In 2023 G&S Foods intends to expand from its Extrude snack foods. G&S Foods, a US manufacturer of private snack foods, has disclosed plans for a sizable snack food business in Pennsylvania, where it is based.
In 2022 SnackCraft LLC, a business unit of Unismack SA with its headquarters in Greece and a line of confections, will establish its first US location in Michigan. Up to 185 jobs could be created at the new SnackCraft factory, which is projected to result in an overall capital investment of $41.75 million.
In 2021 Producer of RO extruded corn snacks Gusto considers establishing a facility abroad. The most challenging year in the history of the corporation for which Romanian puffcorn Gusto is produced has begun. However, it continues to invest in new manufacturing facilities and international development (10 million euros this year alone), and it is considering establishing a facility abroad.
| Report Attributes | Details |
| Market Size in 2022 | US$ 52.8 Billion |
| Market Size by 2030 | US$ 81.64 Billion |
| CAGR | CAGR of 5.6% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By type (Simply Extruded, Expanded, Co-extruded) • By Raw Material (Potato, Corn, Wheat, Rice, Tapioca, Mixed Grains) • By Distribution Channel (Supermarket/Hypermarket, e-commerce, and others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | PepsiCo, Inc., ITC Limited, Mondelez International, JFC International, Calbee, Inc., Gruo Bimbo, Kellogg Company, Lorenz Snack World, Cambell Soup Company, General Mills, Inc. |
| Key Drivers | • The rising popularity of snacks to support market |
| Market Opportunity | • Accelerating investments in innovation and the development of novel products |
Ans: USD 81.64 billion is expected to grow by 2030.
Ans: Extruded Snacks Market is anticipated to expand by 5.6 % from 2023 to 2030.
Ans: Extruded Snacks Market size was valued at USD 52.8 billion in 2022
Ans: Drivers are the rising popularity of snacks to support market
Ans: Challenges are raising awareness of health and wellness for consumers and stringent regulatory requirements
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Extruded Snacks Market Segmentation, By Type
8.1 Simply Extruded
8.2 Expanded
8.3 Co-extruded
9. Extruded Snacks Market Segmentation, By Raw Material
9.1 Potato
9.2 Corn
9.3 Wheat
9.4 Rice
9.5 Tapioca
9.6 Mixed Grains
10. Extruded Snacks Market Segmentation, By Distribution Channel
10.1 Supermarket/Hypermarket
10.2 E-commerce
10.3 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Extruded Snacks Market by Country
11.2.2North America Extruded Snacks Market by Type
11.2.3 North America Extruded Snacks Market by Raw Material
11.2.4 North America Extruded Snacks Market by Distribution Channel
11.2.5 USA
11.2.5.1 USA Extruded Snacks Market by Type
11.2.5.2 USA Extruded Snacks Market by Raw Material
11.2.5.3 USA Extruded Snacks Market by Distribution Channel
11.2.6 Canada
11.2.6.1 Canada Extruded Snacks Market by Type
11.2.6.2 Canada Extruded Snacks Market by Raw Material
11.2.6.3 Canada Extruded Snacks Market by Distribution Channel
11.2.7 Mexico
11.2.7.1 Mexico Extruded Snacks Market by Type
11.2.7.2 Mexico Extruded Snacks Market by Raw Material
11.2.7.3 Mexico Extruded Snacks Market by Distribution Channel
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Extruded Snacks Market by Country
11.3.1.2 Eastern Europe Extruded Snacks Market by Type
11.3.1.3 Eastern Europe Extruded Snacks Market by Raw Material
11.3.1.4 Eastern Europe Extruded Snacks Market by Distribution Channel
11.3.1.5 Poland
11.3.1.5.1 Poland Extruded Snacks Market by Type
11.3.1.5.2 Poland Extruded Snacks Market by Raw Material
11.3.1.5.3 Poland Extruded Snacks Market by Distribution Channel
11.3.1.6 Romania
11.3.1.6.1 Romania Extruded Snacks Market by Type
11.3.1.6.2 Romania Extruded Snacks Market by Raw Material
11.3.1.6.4 Romania Extruded Snacks Market by Distribution Channel
11.3.1.7 Turkey
11.3.1.7.1 Turkey Extruded Snacks Market by Type
11.3.1.7.2 Turkey Extruded Snacks Market by Raw Material
11.3.1.7.3 Turkey Extruded Snacks Market by Distribution Channel
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Extruded Snacks Market by Type
11.3.1.8.2 Rest of Eastern Europe Extruded Snacks Market by Raw Material
11.3.1.8.3 Rest of Eastern Europe Extruded Snacks Market by Distribution Channel
11.3.2 Western Europe
11.3.2.1 Western Europe Extruded Snacks Market by Type
11.3.2.2 Western Europe Extruded Snacks Market by Raw Material
11.3.2.3 Western Europe Extruded Snacks Market by Distribution Channel
11.3.2.4 Germany
11.3.2.4.1 Germany Extruded Snacks Market by Type
11.3.2.4.2 Germany Extruded Snacks Market by Raw Material
11.3.2.4.3 Germany Extruded Snacks Market by Distribution Channel
11.3.2.5 France
11.3.2.5.1 France Extruded Snacks Market by Type
11.3.2.5.2 France Extruded Snacks Market by Raw Material
11.3.2.5.3 France Extruded Snacks Market by Distribution Channel
11.3.2.6 UK
11.3.2.6.1 UK Extruded Snacks Market by Type
11.3.2.6.2 UK Extruded Snacks Market by Raw Material
11.3.2.6.3 UK Extruded Snacks Market by Distribution Channel
11.3.2.7 Italy
11.3.2.7.1 Italy Extruded Snacks Market by Type
11.3.2.7.2 Italy Extruded Snacks Market by Raw Material
11.3.2.7.3 Italy Extruded Snacks Market by Distribution Channel
11.3.2.8 Spain
11.3.2.8.1 Spain Extruded Snacks Market by Type
11.3.2.8.2 Spain Extruded Snacks Market by Raw Material
11.3.2.8.3 Spain Extruded Snacks Market by Distribution Channel
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Extruded Snacks Market by Type
11.3.2.9.2 Netherlands Extruded Snacks Market by Raw Material
11.3.2.9.3 Netherlands Extruded Snacks Market by Distribution Channel
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Extruded Snacks Market by Type
11.3.2.10.2 Switzerland Extruded Snacks Market by Raw Material
11.3.2.10.3 Switzerland Extruded Snacks Market by Distribution Channel
11.3.2.11.1 Austria
11.3.2.11.2 Austria Extruded Snacks Market by Type
11.3.2.11.3 Austria Extruded Snacks Market by Raw Material
11.3.2.11.4 Austria Extruded Snacks Market by Distribution Channel
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Extruded Snacks Market by Type
11.3.2.12.2 Rest of Western Europe Extruded Snacks Market by Raw Material
11.3.2.12.3 Rest of Western Europe Extruded Snacks Market by Distribution Channel
11.4 Asia-Pacific
11.4.1 Asia-Pacific Extruded Snacks Market by Country
11.4.2 Asia-Pacific Extruded Snacks Market by Type
11.4.3 Asia-Pacific Extruded Snacks Market by Raw Material
11.4.4 Asia-Pacific Extruded Snacks Market by Distribution Channel
11.4.5 China
11.4.5.1 China Extruded Snacks Market by Type
11.4.5.2 China Extruded Snacks Market by Distribution Channel
11.4.5.3 China Extruded Snacks Market by Raw Material
11.4.6 India
11.4.6.1 India Extruded Snacks Market by Type
11.4.6.2 India Extruded Snacks Market by Raw Material
11.4.6.3 India Extruded Snacks Market by Distribution Channel
11.4.7 Japan
11.4.7.1 Japan Extruded Snacks Market by Type
11.4.7.2 Japan Extruded Snacks Market by Raw Material
11.4.7.3 Japan Extruded Snacks Market by Distribution Channel
11.4.8 South Korea
11.4.8.1 South Korea Extruded Snacks Market by Type
11.4.8.2 South Korea Extruded Snacks Market by Raw Material
11.4.8.3 South Korea Extruded Snacks Market by Distribution Channel
11.4.9 Vietnam
11.4.9.1 Vietnam Extruded Snacks Market by Type
11.4.9.2 Vietnam Extruded Snacks Market by Raw Material
11.4.9.3 Vietnam Extruded Snacks Market by Distribution Channel
11.4.10 Singapore
11.4.10.1 Singapore Extruded Snacks Market by Type
11.4.10.2 Singapore Extruded Snacks Market by Raw Material
11.4.10.3 Singapore Extruded Snacks Market by Distribution Channel
11.4.11 Australia
11.4.11.1 Australia Extruded Snacks Market by Type
11.4.11.2 Australia Extruded Snacks Market by Raw Material
11.4.11.3 Australia Extruded Snacks Market by Distribution Channel
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Extruded Snacks Market by Type
11.4.12.2 Rest of Asia-Pacific Extruded Snacks Market by Raw Material
11.4.12.3 Rest of Asia-Pacific Extruded Snacks Market by Distribution Channel
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Extruded Snacks Market by Country
11.5.1.2 Middle East Extruded Snacks Market by Type
11.5.1.3 Middle East Extruded Snacks Market by Raw Material
11.5.1.4 Middle East Extruded Snacks Market by Distribution Channel
11.5.1.5 UAE
11.5.1.5.1 UAE Extruded Snacks Market by Type
11.5.1.5.2 UAE Extruded Snacks Market by Raw Material
11.5.1.5.3 UAE Extruded Snacks Market by Distribution Channel
11.5.1.6 Egypt
11.5.1.6.1 Egypt Extruded Snacks Market by Type
11.5.1.6.2 Egypt Extruded Snacks Market by Raw Material
11.5.1.6.3 Egypt Extruded Snacks Market by Distribution Channel
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Extruded Snacks Market by Type
11.5.1.7.2 Saudi Arabia Extruded Snacks Market by Raw Material
11.5.1.7.3 Saudi Arabia Extruded Snacks Market by Distribution Channel
11.5.1.8 Qatar
11.5.1.8.1 Qatar Extruded Snacks Market by Type
11.5.1.8.2 Qatar Extruded Snacks Market by Raw Material
11.5.1.8.3 Qatar Extruded Snacks Market by Distribution Channel
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Extruded Snacks Market by Type
11.5.1.9.2 Rest of Middle East Extruded Snacks Market by Raw Material
11.5.1.9.3 Rest of Middle East Extruded Snacks Market by Distribution Channel
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Extruded Snacks Market by Type
11.5.2.3 Africa Extruded Snacks Market by Raw Material
11.5.2.4 Africa Extruded Snacks Market by Distribution Channel
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Extruded Snacks Market by Type
11.5.2.5.2 Nigeria Extruded Snacks Market by Raw Material
11.5.2.5.3 Nigeria Extruded Snacks Market by Distribution Channel
11.5.2.6 South Africa
11.5.2.6.1 South Africa Extruded Snacks Market by Type
11.5.2.6.2 South Africa Extruded Snacks Market by Raw Material
11.5.2.6.3 South Africa Extruded Snacks Market by Distribution Channel
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Extruded Snacks Market by Type
11.5.2.7.2 Rest of Africa Extruded Snacks Market by Raw Material
11.5.2.7.3 Rest of Africa Extruded Snacks Market by Distribution Channel
11.6 Latin America
11.6.1 Latin America Extruded Snacks Market by Country
11.6.2 Latin America Extruded Snacks Market by Type
11.6.3 Latin America Extruded Snacks Market by Raw Material
11.6.4 Latin America Extruded Snacks Market by Distribution Channel
11.6.5 Brazil
11.6.5.1 Brazil Extruded Snacks Market by Type
11.6.5.2 Brazil Extruded Snacks Market by Raw Material
11.6.5.3 Brazil Extruded Snacks Market by Distribution Channel
11.6.6 Argentina
11.6.6.1 Argentina Extruded Snacks Market by Type
11.6.6.2 Argentina Extruded Snacks Market by Raw Material
11.6.6.3 Argentina Extruded Snacks Market by Distribution Channel
11.6.7 Colombia
11.6.7.1 Colombia Extruded Snacks Market by Type
11.6.7.2 Colombia Extruded Snacks Market by Raw Material
11.6.7.3 Colombia Extruded Snacks Market by Distribution Channel
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Extruded Snacks Market by Type
11.6.8.2 Rest of Latin America Extruded Snacks Market by Raw Material
11.6.8.3 Rest of Latin America Extruded Snacks Market by Distribution Channel
12. Company profile
12.1 ITC Limited
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Calbee, Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Kellogg Company
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 JFC International
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Mondelez International
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 PepsiCo, Inc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Grupo Bimbo
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Lorenz Snack World
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Cambell Soup Company
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 General Mills, Inc.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Maqui Berries Market size was USD 23.9 billion in 2022 and is expected to Reach USD 53.5 billion by 2030 and grow at a CAGR of 10.6% over the forecast period of 2023-2030.
Carob Chocolate Market Report Scope & Overview: The Carob Chocolate Market Size was esteemed
The Non-Alcoholic RTD Beverages Market size was USD 701.56 billion in 2022 and is expected to Reach USD 1076.6 billion by 2030 and grow at a CAGR of 5.5 % over the forecast period of 2023-2030.
The Pregelatinized Starch Market size was USD 1.86 billion in 2022 and is expected to Reach USD 2.58 billion by 2030 and grow at a CAGR of 4.2 % over the forecast period of 2023-2030.
Black Pepper Market Size was esteemed at USD 2.63 billion out of 2022 and is supposed to arrive at USD 3.55 billion by 2030, and develop at a CAGR of 3.82% over the forecast period 2023-2030.
The Dairy Alternatives Market Size was esteemed at USD 22.52 billion out of 2022 and is supposed to arrive at USD 61.85 billion by 2030 and develop at a CAGR of 13.46% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
