MarketResearch.biz announces the publication of its most recently generated research report titled, “Global Food Extrusion Market by Extruder (Single Screw Extruders, Twin Screw Extruders, and Contra Twin Screw Extruders), by Process (Cold Extrusion and Hot Extrusion), and by Food Product (Savory Snacks, Breakfast Cereals, Bread, Flours & Starches, Textured Protein, Functional Ingredients, and Others ) – Forecast to 2028”, which offers a holistic view of the global food extrusion market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to be over US$ 300 Bn, which is expected to significantly increase over the latter part of the five-year forecast period.
Food extrusion is a form of mechanical process used in the food processing industry to produce food products of desired shape, size, and texture. In this process, a set of mixed ingredients are forced through a perforated plate or die in order to produce food of a specific design, which is later cut to desired lengths by sharp blades. Some common food products produced by this process include breakfast cereals such as oats, crispy flat bread, pet food, etc.
Browse the full “Food Extrusion Market By Extruder, By Process (Cold Extrusion And Hot Extrusion), And By Food Product (Savory Snacks, Breakfast Cereals, Bread, And Others ), And Region – Global Forecast To 2028” report at https://marketresearch.biz/report/food-extrusion-market/
Global Food Extrusion Market: Dynamics
Growing demand for food products produced using food extruders such as bread, pasta, fish paste, corn curls, etc. is a major factor expected to drive growth of the target market in coming years. With rising per capita income in most of the countries of the world, more and more people are expected to adopt processed foods instead of home cooked food, thus propelling growth of the global food extrusion market.
Further, it has been observed that there is a shift in preference of food products among vegan consumers, who are increasingly consuming fast foods. This coupled with various innovative vegan food products that are offered by various major players such as Domino’s Pizza, McDonald’s, etc., is anticipated to support growth for global food extrusion market.
However, stringent government regulations concerning food processing industries, growing number of health conscious individuals who tend to avoid processed foods, and fluctuation in supply of raw material for food processing industries may hamper growth for target market over the forecast period.
Global Food Extrusion Market: Forecast
The comprehensive research report comprises a complete forecast of the global food extrusion market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global food extrusion is expected to expand at a CAGR of 5.3% over the forecast period.
Global Food Extrusion Market: Segmental Snapshot
The market report has been segmented on the basis of extruder, process, food product, and region. The extruder segments include single screw extruders, twin screw extruders, and contra twin screw extruders. The process segments include cold extrusion and hot extrusion. The food product segments include savory snacks, breakfast cereals, bread, flours & starches, textured protein, functional ingredients, and others. Regions include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Extruder: The twin screw extruders segment accounted for the highest revenue share contribution as compared to other segments, in 2018. In addition, the twin screw extruders segment is expected to register the highest CAGR of over 5.2% between 2019 and 2028.
By Process: In 2018, the hot extrusion segment accounted for highest revenue share contribution as compared to cold extrusion segment. However, the cold extrusion segment is expected to register highest CAGR of over 5.1% between 2019 and 2028.
By Food Product: In 2018, the savory snacks segment accounted for highest share in the target market, and is expected to register highest CAGR of over 5.4% over the forecast period
By Region: In 2018, the Asia Pacific market dominated in terms of revenue share in the global food extrusion market, and is expected to sustain the dominant position over the forecast period by registering highest CAGR of over 5.3%.
Global Food Extrusion Market: Competitive Analysis
The research report on the global food extrusion market includes profiles of some of major companies such as Leng D’or S.A, Ralston Foods Inc., Intersnack Group GmbH & Co. KG, Frito-Lay North America, Inc., Clextral SAS, Europe Snacks SAS, The Kellogg Company, Eat REAL, Michael Foods, Inc., and Calbee Inc.
The Global Food Extrusion Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global food extrusion market for 2018–2028.
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