Food Extrusion Market Worth 68.38 Billion USD by 2022
The food extrusion market, by food product and extrusion equipment, was valued at USD 53.24 Billion and USD 6.61 Billion in 2016 and is projected to grow at CAGRs of 4.26% and 2.41%, respectively, during the forecast period.
Seattle, WA -- (SBWire) -- 10/04/2017 --The report "Food Extrusion Market by Extruder (Single Screw, Twin Screw, and Contra Twin Screw), Process (Cold and Hot), Food Product (Savory Snacks, Breakfast Cereals, Bread, Flours & Starches, and Textured Protein), and Region - Global Forecast to 2022", The food extrusion market, by food product and equipment, is projected to reach a value of USD 68.38 Billion and USD 7.11 Billion by 2022, at CAGRs of 4.26% and 2.41% from 2017 to 2022, respectively. The market is driven by factors such as the growth of the processed food industry, which in turn drives the extruded products industry. The innovations in the food extrusion industry, for example, by designing extrusion equipment that offers increased productivity and reducing the production cost, also drive the food extrusion market.
Browse 122 Market Data Tables and 31 Figures spread through 154 Pages and in-depth TOC on "Food Extrusion Market - Global Forecast to 2022"
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The savory snacks segment accounted for the largest share of the food extrusion market by food product in 2016
On the basis of food product, the savory snacks segment accounted for the largest share of the food extrusion market in 2016 followed by breakfast cereals. Raw materials such as rice, corn, potato, and taro have been popular feed materials for extruded snacks because of their ease of availability and good functional properties.
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Twin screw extruder accounted for the largest market share in 2016.
On the basis of extruder, the twin screw extruder segment accounted for the largest market share in 2016. Ease of functionality, low cost of production, better control of process parameters, high level of process flexibility, and remarkable mixing capability are the key features of twin screw extruders.
Europe dominated the food extrusion equipment market in 2016.
The European region was the largest market for the food extrusion equipment market in 2016. This can be attributed to the increase in demand for various extruded food products in the European region. The robust growth of the food industry of Europe is supported by the increased demand for ready-to-eat snacks and other extruded food products. Moreover, many key players have their production plants of extrusion machinery established in this region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Baker Perkins (UK), Coperion (Germany), Bühler (Switzerland), AKRON TOOL & DIE (US), Groupe Legris Industries (Belgium), Pavan SpA (Italy), Flexicon (US), Triott Group (Netherlands), The Bonnot Company (US), and AMERICAN EXTRUSION INTERNATIONAL (US).
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