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Global Extruded Snacks Market Analysis 2023: Industry Growth Rate, Revenue, Business Strategies, Demand And Major Key Players Till 2032 | General Mills Inc., ITC Limited, Calbee Inc., Kellogg Company, Campbell Soup Company
Extruded Snacks Market
Extruded Snacks Market Size, Growth Rate, And Forecast
The global extruded snacks market size is expected to grow from $58.13 billion in 2022 to $61.62 billion in 2023 at a compound annual growth rate (CAGR) of 6%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The extruded snacks market size is expected to reach $76.87 billion in 2027 at a CAGR of 5.6%.
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Extruded Snacks Market Drivers
The huge growth in disposable income is significantly contributing to the growth of extruded snacks market. Disposable income is an amount available to individuals after tax. The disposable income grows depending on pay, expenses, tax, and the saving level of individuals. An increase in disposable incomes is indicative of a higher standard of living and signifies increased spending on packaged foods and savory snacks, thus also driving demand for extruded snacks.
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Extruded Snacks Market Segments
By Type: Simply Extruded, Expanded, Co-Extruded
By Product: Potato, Corn, Rice, Tapioca, Mixed Grains, Other Products
By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Retail, Other Distribution Channels
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Extruded Snacks Market.
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Extruded Snacks Market Key Players
Major competitors in the extruded snacks market include General Mills Inc., ITC Limited, Calbee Inc., Kellogg Company, Campbell Soup Company, JFC International, Old Dutch Foods Inc., Grupo Bimbo SAB de CV.
The Business Research Company's "Global Extruded Snacks Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Extruded Snacks Market Include:
1. Executive Summary
2. Extruded Snacks Market Characteristics
3. Extruded Snacks Market Trends And Strategies
4. Extruded Snacks Market - Macro Economic Scenario
5. Extruded Snacks Market Size And Growth
……
26. Africa Extruded Snacks Market
27. Extruded Snacks Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Extruded Snacks Market
29. Extruded Snacks Market Future Outlook and Potential Analysis
30. Appendix
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