The Business Research Company’s report on the Extruded Snacks Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of 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 October 2024, according to the Bureau of Economic Analysis, a US-based government agency, the disposable personal income in the United States in August 2024 was $21,782 billion, reflecting an increase from $20,666 billion in August 2023. Therefore, an increase in disposable income is driving the growth of the extruded snacks market.
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How has the extruded snacks market size evolved, and what are the latest forecasts for its expansion?
The extruded snacks market size has grown strongly in recent years. It will grow from $65.24 billion in 2024 to $69.17 billion in 2025 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 $90.21 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. 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.
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Which major companies dominate the extruded snacks market?
Major companies operating in the extruded snacks market 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, Snyder’s-Lance Inc., Snack Brands Inc.
What trends will shape the future of the excavator market?
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.
Which region dominates the extruded snacks market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the extruded snacks market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the extruded snacks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the extruded snacks market segmented, and which segment holds the largest share?
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
Subsegments:
1) By Simply Extruded Snacks: Corn Snacks, Rice Snacks, Potato Snacks
2) By Expanded Snacks: Puffed Snacks, Aerated Snacks
3) By Co-Extruded Snacks: Filled Snacks, Layered Snacks
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How is the extruded snacks market defined, and what are its core characteristics?
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.
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