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The global puffed food market is being supported by the growth of the puffed snacks market, which is further expected to grow at a CAGR of 7% in the forecast period of 2024-2032.
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Puffed rice and corns serve as a popular choice for application in breakfast cereal or snack foods. They are consumed in the preparation of popular street foods. Puffed rice is prepared by heating rice kernels under high pressure with the help of steam. The growing demand for packed puffed foods like popcorns, baked snacks, and others is significantly contributing to the growth of the segments. The demand for wheat in the preparation of puffed foods is also increasing due to the growing focus of consumers to reduce their fat intake. Wheat is a good source of copper, protein, and iron. Meanwhile, the growing awareness regarding the benefits of other grain types like sorghum, ragi, coupled with the rise in their consumption by the manufacturers to produce different formulations is expected to further aid the industry growth.
The Asia Pacific is expected to account for a significant share in the market over the forecast period due to the changing dietary pattern of the consumers. The high consumption of puffed food products in nations like India and China owing to the growing indulgence of the young population in street foods and snacks like cheese doodles is driving the product demand in the Asia Pacific region. Moreover, as puffed food products are prepared from different grains, which provide enhanced nutrition content, it is preferred by health-conscious consumers as well. The rising disposable incomes in the region are supporting the growth of the industry.
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Puffed food is primarily consumed by humans and has several health benefits. Puffing of food is carried out via the expansion of seed at high temperature, pressure, or extrusion. In this process, the 'puffing' of food product is obtained after the vapour pressure has escaped the micropores of the grain structure due to high pressure or thermal gradient. Commercially, a wide range of cereals and millets are used for puffing.
Based on grain type, the market can be categorised into:
The major product types available in the industry are:
Based on distribution channel, the industry can be segmented into:
The major application sectors of the product are as follows:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising health awareness among consumers is driving the demand for nutritious food products. Puffed food products offer several health benefits as they are a rich source of protein, fibre, magnesium, iron, and potassium, and is prepared from grains. It also has low calories and is easy to digest. Further, puffed food products are also available in non-fried variants, making it ideal for health-conscious consumers. Other factors like busy lifestyle, growing demand for ready to eat food products, thriving retail sector, increase in the number of working women around the world, and escalating consumer disposable incomes are also contributing to the industry growth. Owing to technological advancements, the manufacturers are focusing on product diversification and the use of natural ingredients such as brown rice, honey, jicama, seaweed, and others. Thus, the growing popularity of plant-based snacks with clean labels and authentic ingredients is expected to have a positive effect on the expansion of the global puffed food industry over the forecast period.
The report gives a detailed analysis of the following key players in the global puffed food market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Grain Type |
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Breakup by Product Type |
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Breakup by Distribution Channel |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global puffed food market is projected to grow at a CAGR of 7% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising health consciousness, busier lifestyles, rising demand for ready to eat food products, and growing retail sector, are expected to aid the market growth.
The key market trends guiding the growth of the market include the rapid technological advancements and rising popularity of plant-based snacks.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grain types used in the market are wheat, rice, corn, sorghum, and ragi, among others.
The major product types in the industry are fried and non-fried.
The significant distribution channels in the market are supermarkets and hypermarkets, convenience stores, and online, among others.
The major application segments in the industry are bakery and snacks, among others.
The major players in the industry are Kraft Heinz Company, General Mills Inc, Frito-Lay North America, Inc., Wise Foods, Inc, Nurture Inc, and Kellogg Company, among others.
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