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The global extruded snack food market reached a value of US$ 45.42 Billion in 2020.
According to the estimates by IMARC Group, the global extruded snack food market to grow at a CAGR of 4.90% during 2021-2026.
A significant rise in the demand for ready-to-eat (RTE) food products on account of rapid urbanization, hectic lifestyles and inflating disposable incomes represents one of the key factors impelling the market growth.
With the rising health consciousness among individuals, several manufacturers are offering variants with better nutrition and low-fat content in different shapes and flavors. This is acting as a major trend driving the market.
The outbreak of the coronavirus disease (COVID-19), disruptions in the supply chain and lockdowns imposed by governing agencies of several countries are negatively impacting the growth of the market.
Based on the type, the market has been classified into potato, corn, rice, tapioca, mixed grains and others.
The market has been analyzed on the basis of the distribution channel into supermarkets/hypermarkets, convenience stores, specialty food stores, online retail and others.
On the geographical front, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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