Global Food Extrusion Market
By Process (Hot extrusion, Cold extrusion), By Food Product (Breakfast Cereals, Flours & Starches, Functional Ingredients, Savory Snacks, Bread, Textured Protein, Others), By Extruder (Contra Twin Screw Extruders, Single Screw Extruders, Twin Screw Extruders), By Region (North America, Europe, Asia Pacific and Rest of World).
The Global Food Extrusion Market was valued at 60.47 billion in 2019 and is projected to reach USD81.50 billion by 2027, growing at a CAGR of 4.1% from 2020 to 2027.
The Food Extrusion Market is majorly driven by factors such as high income of population and major lifestyle changes. The rising prices of raw materials is a major concern for food manufacturers. Global climate conditions are affecting the production of raw materials such as potato, corn, starch etc.
1. Market Drivers
1.1 Increase of innovative ideas in the extrusion market
1.2 Higher demand for processed food.
2. Market Restraints
2.1 Changing raw material prices
2.2 Very strict food regulations
The Food Extrusion Market is segmented on the basis of Process, Food Product, Extruder and Region.
1. By Process:
1.1 Hot Extrusion
1.2 Cold Extrusion
2. By Food Product :
2.1 Breakfast Cereals
2.2 Flours & Starches
2.3 Functional Ingredients
2.4 Savory Snacks
2.6 Textured Protein
3. By Extruder:
3.1 Contra Twin Screw Extruders
3.2 Single Screw Extruders
3.3 Twin Screw Extruders
4. By Region :
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. American Extrusion International
3. The Bonnot Company
4. Akron Tool & Die
5. Groupe Legris Industries
6. Baker Perkins
9. Triott Group
10. Lindquist Machine
11. Pavan SPA
12. Kahl Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on Food Extrusion Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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