Press release
Extruded Snacks Market On The Rise: Strong Growth to $90.21 Billion at a Compound Annual Growth Rate (CAGR) of 6.9% Predicted by 2029
Extruded Snacks Market
What Is The Projected Market Size Of The Global Extruded Snacks Market And Its Growth Rate?
The extruded snacks sector has experienced significant growth recently. Key statistics include:
•Market size grew from $65.24 billion in 2024 to $69.17 billion in 2025 at a CAGR of 6.0%.
•The growth can be attributed to changing consumer preferences, growing urbanization, shifting lifestyle dynamics, affordability, and the rise of snacking culture.
•The market size is projected to surge to $90.21 billion in 2029 at a CAGR of 6.9%.
•The expected growth is due to increased health and wellness concerns, unique flavors and variants, convenience, lifestyle changes, product diversification and sustainability practices.
What Is Driving The Growth In The Extruded Snacks Market?
A significant factor contributing to the growth of extruded snacks market is the substantial growth in disposable income. The rise in disposable income translates to a better standard of living and increased spending on packaged foods and savoury snacks, which subsequently propels demand for extruded snacks. As per the Bureau of Economic Analysis, U.S., disposable personal income in the U.S. rose from $20,666 billion in August 2023 to $21,782 billion in August 2024. Hence, an increase in disposable income is seen as a driving force in the growth of the extruded snacks market.
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Who Are The Key Players Driving Extruded Snacks Market Growth?
The following major companies are contributing significantly to the extruded snacks market growth:
•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
What Are The Key Trends In The Extruded Snacks Market?
Major trends impacting the future of the extruded snacks market are:
•Product innovation
•Innovative flavors and textures
•Global flavor fusion
•Clean label and natural ingredients
•Snacking culture
What Are The Segments Of The Global Extruded Snacks Market?
The extruded snacks market is divided into following segments:
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
Which Region Leads The Extruded Snacks Market?
Asia-Pacific led the extruded snacks market in 2024, and is expected to be the fastest-growing region in the future. The other regions evaluated in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Extruded Snacks Market Global Market Report?
- Market Size Analysis: Analyze the Extruded Snacks Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Extruded Snacks Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Extruded Snacks Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Extruded Snacks Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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