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Extruded Snacks Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Extruded Snacks Market
The Business Research Company's Extruded Snacks Global Market Report 2023 identifies huge growth in disposable income is the major driver for the extruded snacks market's growth in the forecast period. 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.
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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Major competitors in the extruded snacks market are General Mills Inc., ITC Limited, Calbee Inc., Kellogg Company, Campbell Soup Company, JFC International, Old Dutch Foods Inc., Grupo Bimbo SAB de CV, Amica Chips SPA
A key trend in the extruded snacks market includes innovative ingredient. Major companies operating in extruded snacks market are focusing on innovating and incorporating new ingredients such as plant-based alternatives that are healthy to improve the extruded snacks and gain a competitive edge in the market. For instance, in November 2020, ChickP Protein, an Israelian food tech start-up announced the availability of its chickpea isolate starch. The "ChickP Native Starch" product has 98% pure starch content. Chickpea starch thickens products better than pea and potato starches due to the small granule size of a chickpea. These chickpeas are non-GMO and have a neutral taste and aroma and is utilised to make extruded snacks that provide a healthy snack alternative. This is a novel component with natural plant-based content for extruded snack producers.
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The extruded snacks market is segmented -
• 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.
The Business Research Company's "Global Extruded Snacks Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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