According to the current analysis of Reports and Data, the Global Food Extrusion Market was valued at USD 58.75 Billion in 2018 and is expected to reach USD 87.86 Billion by year 2026, at a CAGR of 5.1%. Food extrusion is an important part of food processing technology, as it aids in manufacturing various food products of specific shapes and sizes. Major reasons driving market growth are the changing consumer lifestyles and the growing demand for healthy processed foods and snacks. Food extrusion also has many attached benefits in the form of bringing down the number of microorganisms in foods and removing natural toxins, thereby making the foods safer for consumption. Research has shown that cooking fibers by the process of extrusion can produce changes in the structural characteristics of the fiber and physiochemical properties, while the main effect being a redistribution of the insoluble fiber to soluble fiber. Proteins are more reactive and can undergo many changes during the extrusion process of which the most important being denaturation. Enzymes, which are also a type of proteins, lose their activity after being submitted to the extrusion process due to the high temperatures and pressure.
By region, Asia Pacific holds the largest share in the global market and will also grow at a fast rate on account of an expanding consumer base and growth in food technologies. The stringent food regulation mechanisms in some countries along with high processing time for product approvals form some significant barriers for the growth of the market. Top market players are adopting various growth strategies such as undertaking investments in new facilities, forming partnerships and exploiting the demand for functional foods in the market. Market players are exploiting market opportunities for functional foods by providing equipment that aid fast extrusion and efficient mixing outputs. The focus is at enlarging the processing sizes, while simultaneously delivering uniformity in sizes.
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The Food Extrusion market investigation report assesses the global market for the Food Extrusion industry and provides revenue and capability forecasts for the projected period of 2023-2030. The factors that drive the industry's growth are highlighted in the report. The report divides the Food Extrusion market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- American Extrusion International,
- Bühler,
- The Bonnot Company,
- Baker Perkins,
- Akron Tool Die,
- Coperion,
- Flexicon,
- Groupe Legris Industries,
- Triott Group,
- Lindquist Machine
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
Product Type (Revenue, USD Million; 2016–2026)
- Savoury Snacks
- Breakfast Cereals
- Bread
- Flours Starches
- Textured Protein
- Functional Ingredients
- Others
Extruder (Revenue, USD Million; 2016–2026)
- Single Screw Extruders
- Twin Screw Extruders
- Contra Twin Screw Extruders
Process (Revenue, USD Million; 2016–2026)
- Cold Extrusion
- Hot Extrusion
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Food Extrusion market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Food Extrusion market.
The Global Food Extrusion Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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