The global Extruded Savory Snacks Market size was USD 262.7 billion in 2022 and is expected to reach USD 404 billion in 2032, and register a revenue CAGR of 4.9% during the forecast period. The market revenue growth is primarily fueled by variables including shifting consumer lifestyles and rising popularity of between-meal snacks. Other factors that are expected to contribute to the market revenue growth include rising demand for convenience foods and the accessibility of a broad variety of savory snacks with distinctive flavors and ingredients.
Another factor raising the demand for savory snacks is the growing inclination for healthier snacking options. Alternatives to conventional snack products that are healthier and more natural are becoming more popular among consumers. Rising demand for items that are low in fat, sugar, and gluten as a result, baked snacks and vegetable chips are driving revenue growth of the Extruded Savory Snacks Market.
Top Companies Operating in the Global Extruded Savory Snacks Market Report:
- PepsiCo, Inc.
- Kellogg Company
- General Mills, Inc.
- Mondelez International, Inc.
- Nestle SA
- The Kraft Heinz Company
- Calbee, Inc.
- Conagra Brands, Inc.
- The Hershey Company
- Snyder's-Lance, Inc.
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The factors that drive the industry's growth are highlighted in the report. The report divides the Extruded Savory Snacks Market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Extruded Savory Snacks Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Extruded Savory Snacks Market is provided to gain a deeper understanding of its growth and progress.
The global Extruded Savory Snacks Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook:
- Chips
- Extruded Snacks
- Nuts and Seeds
- Popcorn
- Meat Snacks
- Others
Distribution Channel Outlook:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Channels
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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