Extruded Snacks Market Size, Revenue, End Users And Forecast Till 2028

The Extruded Snacks Market is projected to reach US$ 93,898.88 million by 2028 from US$ 62,124.75 million in 2022. It is expected to grow at a CAGR of 7.1% during 2022-2028.

The growth of the extruded snacks market is driven by the rise in product offerings by extruded snacks manufacturers. People are highly conscious about their health, particularly the young generation, . Therefore, there is a high creating a high demand for packed and ready-to-eat food products with that have high protein content, which are gluten-free, and contain zero additives. Thus, the key players are innovating their product portfolio to attract a more large consumer base. The demand for the extruded snacks market is anticipated to grow in during the forecast period owing to rising preference for nutritionally fortified products due to increasing awareness concerning regarding health and nutrition which has led them to demand more nutritionally fortified products. People are careful with about their food intakediet, and this is making them more conscious about the amount of fat, sugar, and other ingredients quality while buying snacks. Hence, the shift in consumption trends has forced firms in the extruded snacks industry to come up with innovative and healthier products.

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Analysis of the Top Market Players:

1. PepsiCo, Inc.
2. AMICA CHIPS S.p.A.
3. Calbee
4. Pepperidge Farm Incorporated
5. Kellogg's Company
6. General Mills Inc.
7. Meiji Holdings Co. Ltd.
8. Hain Celestial
9. Old Dutch Foods, Inc.
10. Mikesell's Snack Food Company

In this report, the market has been segmented on the basis of:

Category (Second Generation Snacks and Third Generation Snacks)
Raw Material (Roots and Tubers, Cereals and Grains, Pulses and Lentils, and Others)
Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

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Based on category, the global extruded snacks market is segmented into second generation snacks and third generation snacks. In 2021, the second generation snacks segment accounted for a larger market share, and whereas the third generation snacks segment is expected to register a higher CAGR during the forecast period. The demand for extruded snacks containing pulses, lentils, cereals, grains, and low sugar is higher high due to the growing incidence of diabetes, obesity, and other diseases. In addition, growing disposable income has led to the increasing consumption of healthy food items containing vitamins, minerals, and other nutrients. According to NHS, an adult in the UK should not have more than 30g of free sugar on a daily basis.

The The Kellogg Company has entered into an agreement to acquire small to medium enterprises, . and later iIn 2021, key players they have launched extruded snack products, which appeal to consumers with healthy preferences. Therefore, the added protein and the avoidance of artificial colors, flavors, ingredients, or preservatives may help the company stand out and attract largemore consumer base.

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