Global Food Extrusion Market is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach a CAGR of 7.4% during the forecast to 2028.
Food extrusion is a process by which a set of mixed ingredients are forced through a реrfоrаtеd рlаtе or dуе-ореnіng, which produces food products of desired size, shape, and texture. The machine that forces the mix through the die is an extruder, and the mix is known as the extrudate. The extruder consists of a large, rotating screw tightly fitting within a stationary barrel, connected to a die at the end. Extruded food products are high in starch content and are made by the extrusion of numerous ingredients, including corn, potatoes, wheat, oats, and tapioca.
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Key Players of Food Extrusion Market:
· Solvay
· Stepan Company
· Xylem
· Trojan Technologies Group ULC.
· Evonik Industries AG
· FINK TEC GmbH
· Universal Robina Corporation.
· NEOGEN Corporation.
· Evoqua Water Technologies LLC
· AMERICAN EXTRUSION INTERNATIONAL.
· Mondelēz International.
· Lindquist Machine Corporation
· Calbee
· Frito-Lay North America, Inc.
· Bühler AG
· Triott Group
· Coperion GmbH
· The Bonnot Company
· Flexicon Corporation
· Akron Tool & Die Co., Inc., and More
Rising awareness regarding healthy snacking habits, changing lifestyle of consumers, rapid urbanization, and rising adoption of nutritional eatables are some of the factors that have supported long-term expansion for Food Extrusion Market.
Regional Analysis
Europe dominates the food extrusion market with the highest market share due to the rising consumer base & growth in food processing units and food manufacturing technology with stringent food safety regulations. The European food companies are focusing more on savoury snacks utilize food extruder machines and cereal production and an increase in bread consumption are also increasing the growth of the food extrusion market in Europe.
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Recent Developments
In July 2021, Flexicon Corporation Pty Ltd doubled the size of its manufacturing and sales operation. It will ensure the company’s growth in Asia.
In April 2021, Givaudan and Bühler jointly opened the APAC Protein Innovation Centre. It is located at the Givaudan Woodlands site in Singapore. The Protein Innovation Centre jointly runs being supported by experts from both companies. It is connected to a vast network of R&D innovation centers in Switzerland, and other key hubs across the region helps in plant-based product development on a global scale. This helps the company in achieving a vision of a collaborative and sustainable future of food.
Food Extrusion Market is segmented into product type, extruder, process and region.
On the basis of Product Type
· Savory snacks
· Breakfast cereals
· Breads
· Flours & Starches
· Textured protein
· Functional ingredients
· Other product types
On the basis of Extruder
· Single screw extruder
· Twin screw extruder
· Contra-twin screw extruder
On the basis of Process
· Cold extrusion
· Hot extrusion
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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