Global Extruded Snacks Market to Reach $104.8 Billion by 2030
The global market for Extruded Snacks estimated at US$67.5 Billion in the year 2023, is expected to reach US$104.8 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2023-2030. Wheat-based Extruded Snacks, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$27.3 Billion by the end of the analysis period. Growth in the Potato-based Extruded Snacks segment is estimated at 5.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17.8 Billion, While China is Forecast to Grow at 9.9% CAGR
The Extruded Snacks market in the U.S. is estimated at US$17.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$24.9 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14.9 Billion by the year 2030.
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