The report published on global Extruded Snacks Market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Extruded Snacks Market offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
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The global extruded snacks market size was USD 54.7 Billion in 2022 and is expected to reach USD 81.3 Billion in 2032, and register a revenue CAGR of 4.5% during the forecast period. Rising consumer demand for ready-to-eat snacks, people’s hectic lifestyles driving demand for convenience foods, and increasing popularity of healthy snacks are the major factors driving market revenue growth. Extruded snacks’ rising popularity is also attributable to their longer shelf life and availability in a wide range of Flavors and shapes.
Consumer tastes for quick and wholesome snacks have changed as a result of urbanization trends and rising disposable income. Demand for extruded snacks is driven by their simple accessibility through a variety of retail channels, including supermarkets, hypermarkets, and Internet retailers. Extruded snack consumption has increased among consumers of all ages as a result of availability of a wide range of flavors and shapes.
Major Companies:
- PepsiCo Inc.
- General Mills Inc.
- Kellogg Company
- Conagra Brands Inc.
- Nestlé S.A.
- Mondelez International Inc.
- The Hershey Company
- Blue Diamond Growers Inc.
- Old Dutch Foods Inc.
- Diamond Foods Inc.
- JFC International Inc.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Extruded Snacks is expected to rise in the coming years.
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Type Outlook:
- Simply Extruded
- Expanded
- Co-extruded
Application Outlook:
- Convenience Stores
- Hypermarkets Supermarkets
- E-commerce Platforms
- Other Distribution Channels (Non grocery, mixed retailers, etc)
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Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Extruded Snacks Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Extruded Snacks Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Extruded Snacks Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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