Global Vegan Food Extrusion Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

“Global Vegan Food Extrusion Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global vegan food extrusion market report has been segmented on the basis of the extruder, process, food product, and region.

Global Vegan Food Extrusion Market: Overview

Food extrusion is extrusion technique widely used in the food industry. It combines several units of operations such as cooking, forming, mixing, shaping, shearing, kneading, venting, volatiles, flavor generation, encapsulation, moisture, sterilization, and many others. The machine which forces the mixing process through the die is known as the extruder. The extruder consists of a huge rotating screw which is tightly fitted within a standing barrel. Traditional breakfast cereal or snacks are enhanced by the addition of extra fiber or protein as an ingredient to a food product.

Global Vegan Food Extrusion Market: Dynamics

Increasing consumer preference for convenience foods and ready-to-eat food products are key factors expected to drive the revenue growth of the global vegan food extrusion market over the next 10 years. In addition, rapid urbanization, increasing technological innovations for vegan food extrusion, increasing number of vegan food restaurants are some of the factors driving the growth of the target market. However, the fluctuating raw material prices such as increasing prices of raw materials such as, corn, potato, and tapioca is major factor expected to hamper the growth of the target market to a significant extent.

Global Vegan Food Extrusion Market: Segment Analysis

Among the extruder segment, twin screw is expected to register significant share and is expected to maintain its dominance over the forecast years. This is primarily due to less manufacturing cost as compared to other extruder. Among the process type, cold extrusion process is expected to register highest revenue share, owing to its ability to withstand high stresses that are created during extrusion process. Among the food segment, the savory snack is expected to register the majority revenue share, owing to the growing population and rapidly growing food industry globally.

Global Vegan Food Extrusion Market: Trends

The key trend currently witnessed in the target market is development of multi-functionality food extrusion equipment and launches of new vegan extruded food products. For instance, in February 2019, ABP Food Group, which is a UK-based meat supplier launched vegan meat product portfolio owing to higher demand for plant-based food products.

Global Vegan Food Extrusion Market: Regional Analysis

In 2018, the markets in Europe is expected to account for the majority of market share in the target market. This is primarily attributed to, increasing number of major brands launching vegan options to their product offering line-ups, increasing consumer awareness regarding benefits of consumption of vegan products, and rising interest in food that is health-friendly amongst young people in countries in the region. The market in the Asia Pacific is expected to register the fastest growing market, due to changing consumer spending power on food items and growing demand for healthier food products in countries such as China and India in Asia Pacific region.

Global Vegan Food Extrusion Market Segmentation:

Segmentation by Extruder:

• Single screw extruders
• Twin screw extruders
• Contra twin screw extruders

Segmentation by Process:

• Cold extrusion
• Hot extrusion

Segmentation by Food Product:

• Savory snacks
• Breakfast cereals
• Bread
• Flours & starches
• Textured protein
• Functional ingredients
• Others (include porous powders, meat-based products, and encapsulated flavors)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa