MarketTheGlobal Food Extrusion Marketis an account for USD 68.32 Billion in 2020. As snacking and changing busy lifestyle is gaining significance across the world, Food Extrusion is gaining special importance and witness its presence as a vital role. Food Extrusion Market is segmented into Product Type, Extruder, and Process Segments. The product type segment is classified into savoury snacks, breakfast cereals, bread, flours & starches, textured protein, functional ingredients, others.
The Extruder segment is classified into, Single Screw Extruder, Twin Screw Extruder, and Contra-twin Screw Extruder. The process segment is classified into Cold Extrusion, Hot Extrusion. Flours and starches sub-segment is anticipated to dominate the product type segment followed by the savoury snacks sub-segment. The changing lifestyle along with high disposable incomes have drastically changed the trend toward ready-to-eat foods. As processed foods save the time and efforts of consumers; the demand for processed foods is increasing along with rising per capita income. Consumer preferences have gradually changed from traditional meals to snacking trends. These factors are expected to drive the Global Food Extrusion Market over the forecast period of 2021-2028.
COVID-19 pandemic has hampered several sectors and led to tremendous loss of revenue. However, Food Extrusion Market witnessed an exception here. Amid COVID-19 crises, the pandemic has boosted the demand for processed hygienic foods, bakery items among others. However, the sudden boost on-demand and unavailability of raw materials owing to lockdowns has shown a light dent in the market growth. However, lifting the travelling and unlocking of industries again have allowed the cash flow again which is again witnessing to contribute the growth of the Food Extrusion Market.
Europe to dominate the market valued at USD 7.5 Billion in the year 2020. Italy has a large number of extrusion machinery manufacturing companies along with extruded food manufacturing companies which are fueling the market growth in this country. A rising trend of health concerns, tied with convenience, has lent a hand to the growth of the Food Extrusion Market in this region. However, the countries such as India and China in the Asia Pacific are expected to grow a CAGR of more than 7.8% over the forecast period of 2021-2028. The availability of a large pool of population witnesses the market growth in this region.
Some of the key players in the Food Extrusion Market are Bühler, Akron Tool & Die, Baker Perkins, Coperion, GEA, KAHL Group, Triott Group, Flexicon, Groupe Legris Industries, The Bonnot Company, American Extrusion International, Shandong Light M&E Co., Ltd, Snack, Doering systems, inc., PacMoore, Egan Food Technologies, Schaaf Technologie GmbH, Wenger Manufacturing, Inc., Brabender GmbH & Co. KG, Jinan Darin Machinery Co., Ltd., among others.