DUBLIN, Dec 1, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Extruded Snacks Market 2016-2020" report to their offering.
The global extruded snacks market to grow at a CAGR of 3.85% during the period 2016-2020. Global Extruded Snacks Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Currently, consumers are much more watchful about their snacking habits and are adopting healthy snacking because it fuels metabolism. Further, weight management is becoming popular as obesity rates rise. A new study released by the Organization for Economic Cooperation indicates that three out of four Americans will be overweight by 2020. Healthy snacking is considered as a complement to weight-loss plans and an easy way to satisfy hunger while consuming the vitamins and nutrients one's body needs. More than 62% of people look for nutrient content in snacks they consume. According to the report, the demand for extruded snacks is particularly high among young population and middle-aged people. The increased need for these products motivates vendors to introduce new product offerings that cater to consumers in different parts of the world. Vendors are particularly striving to manufacture products with unique flavors and ingredients to diversify consumer choices. Vendors are also endeavoring to improve the packaging of the products by providing improved portion sizes through small-size packaging. Such efforts also make it more convenient for the consumers. They are also incorporating healthy ingredients in their products to draw the attention of the health-conscious population.