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Extruded Snacks Market - New Revenue Pockets
Extruded technology has revolutionized conventional snacks and enabled the processing of a wide variety of commercial snacks in the market. The need to stay satiated between the major meals of the day has become a stupendous opportunity for the snacks industries. An increased consumer preference towards new tastes has become one of the big drivers in the extruded snacks market. Globalization has led to new product entries, globally.
Key players have been undertaking active R&D activities to introduce new products into the market. Frito-Lay North America, Inc. (U.S.) is one of the active players in the market that introduced several new products with various flavors. Old Dutch Foods (Mexico) offers products by identifying the tastes and dietary habits of the consumers and products that appeal to their preferences.
The key market players expand their business by venturing into new regions to increase their market share. Calbee, Inc. (Japan) established a new business operation in the U.K. market, which is a major revenue pocket from the European region. Frito-Lay expanded its distribution channel to distribute its brand air pops crisp to newer markets in the U.S. Apart from various new product developments and expansions, the companies are developing health-based extruded snacks to resolve consumer concerns on fast foods and meet their expectations. The economic growth in developing countries has unblocked the new entrants to find opportunities for the extruded snacks market.
Extruded Snacks Market by Type (Potato, Corn, Rice, Tapioca, Mixed Grain, and Others) & by Geography - Global Trends and Forecasts to 2019
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