Bagged Puffed Food Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 7.2 Billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030.
The Bagged Puffed Food Market has witnessed significant growth from 2018 to 2022, driven by increased consumer demand for convenient, healthy, and ready-to-eat snacks. The market, valued at approximately USD 15 billion in 2022, demonstrated an average annual growth rate of 6.5% during this period. The increasing awareness of health and wellness has prompted consumers to lean towards snacks that offer a balance of taste and nutrition. This shift has led to innovations in flavors, packaging, and product formulations. During this period, companies have adapted to evolving consumer preferences by introducing gluten-free, low-calorie, and high-protein puffed food options.
The demand for bagged puffed foods, such as puffed rice, corn snacks, and extruded products, has also been influenced by the growing trend of on-the-go snacking, especially in urban areas. This trend has encouraged major food manufacturers to introduce various flavors and product varieties, such as spicy, sweet, and savory options, to cater to diverse tastes. Moreover, e-commerce has emerged as a prominent distribution channel, expanding market reach and convenience for consumers. The rise of digital platforms has also provided brands with direct access to consumer feedback, allowing for more targeted product development and marketing strategies.
As we look towards the future, the outlook from 2023 to 2033 for the Bagged Puffed Food Market remains promising. The market is expected to continue growing at a steady pace, with a projected CAGR of 7.2% during this period. The increased focus on health-conscious consumers, coupled with the introduction of functional ingredients such as protein, fiber, and vitamins, will continue to shape the product landscape. The demand for plant-based snacks and organic puffed food products is also expected to surge, reflecting broader global trends toward sustainability and plant-based diets.
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The Kraft Heinz
PepsiCo
Oishi
WantWant
Orion Corporation
Nong Shim
Frito-Lay
Kelloggs
Fujian Dali Group
Panpan foods
General Mills
Three Squirrels
BESTORE
Wyandot Snacks
Wise Foods
Rude Health
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bagged Puffed Food Market
Online Sales
Offline Sales
Based on Types the Market is categorized into Below types that held the largest Bagged Puffed Food market share In 2023.
Fried
Non-Fried
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bagged Puffed Food Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bagged Puffed Food Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bagged Puffed Food Market, By Type
6. Global Bagged Puffed Food Market, By Application
7. Global Bagged Puffed Food Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bagged Puffed Food Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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