Extruded Snacks Market is expected to witness Incredible Growth during 2022-2028 | PepsiCo; AMICA CHIPS S.p.A.; Calbee; PEPPERIDGE FARM INCORPORATED

According to our latest market study, titled on "Extruded Snacks Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Category (Second Generation Snacks and Third Generation Snacks), Raw Material (Roots and Tubers, Cereals and Grains, Pulses and Lentils, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)," the global extruded snacks market is projected to reach US$ 93,898.88 million by 2028 from US$ 62,124.75 million in 2022. It is expected to grow at a CAGR of 7.1% during 2022-2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

The demand for extruded snacks is significantly rising due to the convenience they offer to consumers. The extruded snacks market is driven by the rising number of consumers with a busy lifestyle and growing preference for quick on on-the the-go snacks that can be consumed without hassle. These snacks These products are mostly available in supermarkets, hypermarkets, and convenience stores, which constitutes a significant market share in based on the distribution channel segment.

Furthermore, eExpanding retail distribution channels is another factor behind the risingraising the sales of extruded snacks in rural and tier-II cities. For instance, with the continuous economic growth of China, the purchasing power of consumers has increased. These consumers are willing to pay more signigicant amount for high-quality products containing which contain organic ingredients. Many market players are launching their products in high-end supermarkets to have attempted to expand their presence and become market leaders by launching their products in high-end supermarkets. Therefore, the high-end supermarket sector shows considerable promise growth as the number of consumers with strong purchasing power is growing.

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Impact of COVID-19 Pandemic on Extruded Snacks Market
The COVID-19 pandemic had initially affected the global extruded snacks market due to the shutdown of manufacturing units, rising prices of raw materials, shortage of labor, disruption of supply chains, and financial instability.

Extruded snacks are part of tThe food & beverages industry. The industry's disruption due to the economic slowdown caused by the COVID-19 outbreak had restrained the demand for extruded snacks. However, businesses are gaining ground as previously imposed limitations are being eased across various countries. Moreover, the introduction of COVID-19 vaccines by governments of different countries has eased the situation, leading to the rise in business activities worldwide. The pandemic has also collaterally resulted in the growth of the food & beverages industry post recovery from the production disruptions. The increased purchasing of packaged food and beverages has eventually aided the extruded snacks market post the pandemic outbreak situation.

Our Sample Report includes a brief introduction of the research report, TOC, list of tables and figures, competitive landscape rundown and geographic segmentation overview, innovation and future developments based on research methodology.

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The research literature includes data from primary and secondary sources. A detailed company profile of each player is provided including organic and inorganic growth strategies, partnerships, collaborations, product launches, product approvals, expansions and other key developments. These activities have paved way for the expansion of businesses and enlarged the customer base of leading market players. Our full report provides exclusive access to crucial data about leading companies such as their growth rate, market share, valuation, SWOT analysis and strategies used to maximise profits or deal with issues.

Some of the key players profiled in the report are:

PepsiCo; AMICA CHIPS S.p.A.; Calbee; PEPPERIDGE FARM INCORPORATED; Kellogg's Company; General Mills Inc.; Meiji Holdings Co., Ltd.; Sensible Portions; Old Dutch Foods, Inc.; and Mikesell's Snack Food Company

The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Extruded Snacks Market in these regions.

REGIONAL FRAMEWORK

The report provides a detailed rundown of the industry after examining both qualitative and quantitative aspects. It also entails market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Extruded Snacks Market for each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in Global Extruded Snacks Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

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Key Features of Extruded Snacks Market Report:

• Identify the growth, size, leading players and segments in the global Extruded Snacks Market.
• Highlight key business priorities and help companies in adopting business strategies accordingly.
• The key findings and recommendations highlight crucial progressive industry trends in the global Extruded Snacks Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by gaining actionable insights about organic and inorganic growth strategies adopted by other players.
• Analyse global market trends and outlook thoroughly along with the factors driving and hindering the market.

The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.

This research provides detailed information regarding the major factors influencing the growth of the Extruded Snacks Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

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