North America Extruded Snacks Market Sales, Trends, Region Forecast and Manufacturers in 2023-2028

The extruded snacks market in North America is expected to grow from US$ 13.13 billion in 2022 to US$ 18.91 billion by 2028; it is estimated to grow at a CAGR of 6.3% from 2022 to 2028.

The rapid emergence of the retail chain is one of the driving factors for extruded snacks market. Retail chains are key contributors to increasing awareness about extruded snacks among consumers. The strong presence of retail chains across the region is contributing to the growth of the market. Penetration of retail chains is increasing across the region. According to the National Retail Federation, in 2021, the total number of retail stores established across the US increased and grew over 70% in the last three years totaling approximately 3,950 stores across the US.

๐Ÿ“š ๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‚๐จ๐ฉ๐ฒ@ https://www.businessmarketinsights.com/sample/BMIRE00025877

 

 Furthermore, expansion plans of major retailers across rural and semi-urban areas across the region are expected to increase consumer awareness and availability of extruded products in the coming years, thereby driving the market. The increasing foreign direct investment in various emerging countries is further posing a growth opportunity for the extruded snacks market. Furthermore, some retailers are introducing their private label products in order to cater to the rising consumer demand for extruded snacks market. Thus, the increasing penetration of the retail chain is driving the extruded snacks market.

๐Ÿ“š๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‹๐ข๐ง๐ค @ https://www.businessmarketinsights.com/reports/north-america-extruded-snacks-market

๐“๐ก๐ž ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ

Calbee

General Mills Inc.

Hain Celestial

Kelloggโ€™s Company

Meiji Holdings Co. Ltd.

Mikesellโ€™s Snack Food Company

Old Dutch Foods, Inc.

Pepperidge Farm Incorporated

PepsiCo, Inc. 

Regional variations in consumer preferences and market dynamics are significant in the extruded snacks market. For example, in North America and Europe, there is a strong demand for healthier and more innovative snacks, while in developing markets like Asia-Pacific and Latin America, affordability and accessibility are key factors. The Asia-Pacific region, in particular, is experiencing rapid growth in the extruded snacks market, driven by rising disposable incomes, urbanization, and changing dietary habits.

Sustainability is becoming an increasingly important consideration for both manufacturers and consumers in the extruded snacks market. Concerns about the environmental impact of packaging waste and resource depletion are driving the demand for more sustainable packaging solutions, such as biodegradable and recyclable materials. Manufacturers are also focusing on reducing their carbon footprint by implementing more energy-efficient production processes and sourcing ingredients from sustainable sources. Furthermore, the reduction of food waste through efficient processing and packaging is gaining importance.

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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications


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