Global Extruded Snacks Market 2024 Opportunity Assessment, Production Analysis, Growth Rate And Forecast To 2033

The extruded snacks market size has grown strongly in recent years. It will grow from $61.53 billion in 2023 to $65.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to changed consumer preferences, urbanization and busy lifestyles, affordability and accessibility, rise in snacking culture.

The extruded snacks market size is expected to see strong growth in the next few years. It will grow to $84.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to health and wellness concerns, innovative flavors and variants, convenience and on-the-go lifestyles, product diversification, sustainable practices. Major trends in the forecast period include product innovation, innovative flavors and textures, global flavor fusion, clean label and natural ingredients, snacking culture.

Market Overview -
Extruded snacks are food items made through an extrusion process using cereal flour or starches as raw materials. Extruded snacks are formed of mixed components that are either pressed through a mould or meticulously cut.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=8170&type=smp

The Impact Of Rising Disposable Income On The Extruded Snacks Market
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. For instance, in 2023, according to an article published by the Office of National Statistics, UK-based executive office of the Statistics Authority published an article that said, median household disposable income increased by an average 0.7% per year between the year 2020 and 2022. Therefore, an increase in disposable income is driving the growth of the extruded snacks market.

Competitive Landscape -
Major companies operating in the extruded snacks market report are General Mills Inc., ITC Limited, Calbee Inc., Kellogg Company, Campbell Soup Company, JFC International Inc., Old Dutch Foods Inc., Grupo Bimbo SAB de CV, Amica Chips SPA, Want Want Holdings Limited, Axium Foods Inc., ICA Foods International Inc., Tropical Heat Group, Meiji Holdings Co. Ltd., Hain Celestial Group, Mikesell's Snack Food Company, Golden Flake Inc., Good Health Natural Products Inc., Great Lakes Potato Chip Co., Herr Foods Inc., Poore Brothers Inc., Popchips LLC, Medora Snacks LLC, Primizie Foods Inc., PepsiCo Inc., Shearer's Foods LLC, 7 Snacks LLC, Snyder's-Lance Inc., Snack Brands Inc., The Hain Celestial Group Inc.

Transforming The Extruded Snacks Market With Baker Perkins' Cutting-Edge Technology
Major companies operating in the extruded snacks market are adopting new technologies such as extrusion sheeting technology to sustain their position. Extrusion sheeting technology is a manufacturing process that involves the extrusion of materials, typically plastic or rubber, to create thin, continuous sheets with a consistent thickness. This technology utilizes an extruder, a machine designed to melt and shape raw materials, to produce sheets of various sizes and specifications. For instance, in February 2023, Baker Perkins Ltd, a UK-based engineering company for food processing equipment, launched extrusion sheeting technology, to create creates opportunities for snack developments. This technology uses a twin-screw extruder with an innovative wide-slot die to produce a thin sheet of dough directly feeding a rotary cutter. The lines are simple to operate and, having fewer units, give significant reductions in cleaning time and maintenance costs. This technology can assist in manufacturing high-protein or high fiber snack products.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/extruded-snacks-global-market-report

Key Segments -
The extruded snacks market covered in this report is segmented -
1) By Type: Simply Extruded, Expanded, Co-Extruded
2) By Product: Potato, Corn, Rice, Tapioca, Mixed Grains, Other Products
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Retail, Other Distribution Channels

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.