Changing Lifestyles, Urbanization & Rising Disposable Incomes Driving Demand for Extruded Snacks

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Industry Experts, Inc., has released the new market research report on Extruded Snacks Market. As per this study, the demand for Extruded Snacks is estimated at US$65.1 billion in 2024 and projected to reach US$92.2 billion by 2030 at a 2024-2030 CAGR of 6%.

Some of the factors instrumental in driving demand for Extruded Snacks include growing preference for convenience & on-the-go snacks, rising disposable incomes, move towards healthier snacking options, changing lifestyles & urbanization, innovations in flavors, textures & ingredients, expansion of online distribution channels, technological advancements in extrusion, growing popularity of savory snacks, emerging markets & population growth and marketing & packaging strategies.

Extruded Snacks are normally made using two techniques, viz., Single-Screw Extruder and Twin-Screw Extruder, among which the global market for the latter is larger (estimated at 58.9% in 2024) and also faster growing (6.9% CAGR over 2024-2030). There are a number of factors that can be attributed for this, a major one of which is enhanced processing capabilities. The mixing, heating and shear capabilities of twin-screw extruders is much superior to single-screw extruders, which enables the production of a wide variety of snack textures and shapes and allows manufacturers to innovate and meet diverse consumer preferences. The control accuracy over process parameters provided by twin-screw extruders ensures high-quality and uniform products, critical for maintaining brand reputation and ensuring consumer satisfaction. The ability of these extruders to handle a wider range of ingredients, including high-moisture, fiber-rich or unconventional formulations, facilitates the development of healthier or specialized snack options.

The report studies the Extruded Snacks market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for ingredient types of Extruded Snacks analyzed in this report includes Corn-Based, Multigrain-Based, Oats-Based, Potato-Based, Rice-Based, Tapioca-Based and Wheat-Based. The study also examines the market for Extruded Snacks by flavor type, comprising Savory Extruded Snacks and Sweet Extruded Snacks. The manufacturing techniques via which Extruded Snacks are made as analyzed in this report include Single-Screw Extruder and Twin-Screw Extruder. By distribution channel, the analysis covered by this report includes Convenience Stores, Hypermarkets & Supermarkets, Online Retail and Specialty Stores.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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