Extruded Snacks Market Analysis, Size, Trends & Forecast 2017-2024

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Extruded Snacks Market Analysis Trends2017-
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Extruded Snacks Market

• Asia Pacific accounted for a major share in
  overall extruded snacks market in 2016 and is
  likely to be the largest market for the product
  by 2024. This can be attributed to the widespread
  availability of different snacking options made
  available at pocket friendly prices in this
  region. Furthermore, consumers in Asia Pacific
  are product cost conscious and competitive prices
  offered from prime companies ultimately boosts
  product demand in this region.

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Application Analysis of Extruded Snacks Market

• Amplified consumer spending is being observed in
  recent years on products ranging from frozen food
  products to packaged beverages. This is due to
  the changing lifestyle patterns (food habits).
  This transformation in consumer behavior is
  anticipated to drive the food industry growth
  significantly, which in turn, is likely to
  accelerate the product demand in the coming
  years, which will subsequently boost the extruded
  snacks market size across the globe.
• Based on type of product, the extruded snacks
  market can be segmented into potato, corn, mixed
  grains, tapioca and rice. The potatoes segment is
  the largest and accounted for a major chunk in
  the global extruded snacks market in 2016. Robust
  consumption of packaged foods in North America
  and Europe is a major driver for potatoes demand
  in the global extruded snacks market share.

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Competitive Market Share of Extruded Snacks
Market

• The prominent extruded snacks market share
  contributors are Calbee, Diamond Foods,
  Kelloggs, ITC, Old Dutch Foods, Frito-lay and
  Amica Chips, Mondelez International, JFC
  International, Aperitivos Flaper, Bag Snacks,
  Universal Robina and Arca Continental.
• The key extruded snacks market players are
  emphasizing on partnerships, mergers
  acquisitions to expand their product portfolio,
  increase their market share and to penetrate
  their offerings into less explored countries. For
  instance, companies including Calbee, Diamond
  Foods and Old Dutch Foods operates mainly through
  its potato chips segment and continuously
  experiment on their pricing strategies to survive
  in competition. Also, various industry share
  contributors are continuously investing in RD to
  push product innovation to next level. This aids
  in keeping up with demands of existing customers
  and attract new customers.

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