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 market is witnessing high demand for niche products, including organic products and products perceived as healthy by consumers, such as lentils and pulses. In addition, manufacturers are constructing various industrial units and storage systems to provide proper storage and transport facilities. The addition of high-quality ingredients is anticipated to propel the market growth in the coming years.

One of the key factors boosting the market for extruded snacks is the rising acceptance of ready-to-eat, convenient, and on-the-go snacks. The growing number of people entering the formal labor, which results in their stressful and hectic lifestyles, has spurred the need for on-the-go things that offer a quick feeling of fullness in a busy schedule. These convenient, compact sachets provide you a small energy boost during a hectic workday. The trend of on-the-go snacking is gaining popularity among millennials, majorly owing to the diversity of product options available within extruded snacks.

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Many international corporations working in overall food and beverages manufacturing have a substantial presence in extruded snacks manufacturing. Kellogg's and PepsiCo are among the key players in the market. Extruded snacks manufacturers are investing heavily in new product development, which is projected to drive the extruded snacks market during the forecast period.

Due to the advantages some extruded snacks offer in terms of metabolism, people are becoming more conscious of their snacking habits and adopting healthier versions. Healthy snacking is often considered to be a part of weight loss, and these snacks provide the body with the vital vitamins and nutrients it requires. By changing the ability of protein and starch to be digested, the nutritional components of extruded snacks can be changed. Over the projected period, the market for extruded snacks is expected to be driven by rising demand for weight management and healthy snacking.

The market for fortified extruded snacks is expanding as a result of shifting consumer tastes toward healthy snacking options, greater awareness of health benefits, and an increase in the population who are concerned about their health. Corn starch, wheat starch, and other traditionally utilized raw materials are increasingly being replaced with nutritious raw materials as demand for healthy food items grows. Consumers are searching for nutritional information as well as free-from claims like grain-free, gluten-free, GMO-free, animal-free (vegan), and allergen-free.  They also demand more protein, fiber, and minerals, among other things. Additionally, with the demand for healthy food products on the rise, producers are turning to healthier options like extruded snacks with added protein. Manufacturer are engaged in developing new form of starch which are healthier as compared to traditional starch used for extruded snacks.

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List of Companies - Extruded Snacks Market PepsiCo, Inc., AMICA CHIPS S.p.A., Calbee, Pepperidge Farm Incorporated, Kellogg’s Company, General Mills Inc., Meiji Holdings Co. Ltd., Hain Celestial, Old Dutch Foods, Inc., Mikesell’s Snack Food Company

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