WASHINGTON, Dec. 06, 2021 (GLOBE NEWSWIRE) -- The global food extrusion market size is expected to reach USD 118.63 Billion by 2028, exhibiting a CAGR of 7.11% during the forecast period of 2021-2028 report has been added to VantageMarketResearch.com's offering.
The food extrusion market growth is attributed to factors such as, influence of busy lifestyles in emerging economies, increasing demand for convenience product type options, and changing trend towards snacking. Also, the rising population, increasing demand for processed food, and advanced automated food processing equipment; among other, are some of other factors that are anticipated to fuel the market growth; in near future over the forecast period, states Vantage Market Research in a report, titled “Food Extrusion Market By Product Type (Savoury snacks, Breakfast cereals, Breads, Flours & Starches, Textured protein, Functional ingredients, Other product types, By Extruder (Single screw extruder, Twin screw extruder, Contra-twin screw extruder), By Process (Cold extrusion, Hot extrusion), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028): The market size stood at USD 68.32 Billion in 2020.
The Report on Food extrusion Market Highlights:
- Assessment of the market
- Premium Insights
- COVID-19 Impact Analysis
- Historic Data, Estimates and Forecast
- Global and Regional Dynamics
- Company Profiles
- Competitive Landscape
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Market Overview:
Increase in Demand for Processed Foods and Advanced Equipment
The major factor driving the food extrusion market are, high demand for food extrusion in emerging economies such as India, China, Thailand, Indonesia, among others across the globe. Rising population across the globe have led companies to focus on improving the technology of food processing. Also, along with increasing population the demand for processed food is increasing tremendously. The surge is attributed to influence of busy lifestyles as processed foods can save the time as well as efforts.
Our free sample reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 165+ Pages Research Report (Including latest research).
- Provide chapter-wise guidance on request 2020 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using VMR research methodology.
Changing Trend towards Snacking
Rapid pace of changing trend towards snacking is anticipated to boost the market growth over the forecast period. Owing to the changing trend towards snacking, the demand for processed foods, convenience product type options, and maximum quality product with cheapest cost is increasing. The huge gap between supply and demand for such products is compelling the companies to increase production of foods and invest more money for improving the technology regarding the food processing equipment in intension of increasing of production of products.
Also, owing to COVID-19 pandemic the demand for processed hygienic foods, bakery items among others; increasing tremendously, which is likely to boost the food extrusion market growth over the forecast period.
Read Full Research Report: https://www.vantagemarketresearch.com/industry-report/food-extrusion-market-1046
Advantages of this Research:
- Evaluate market share for commercial food extrusion market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
- Develop tactics and strategies to take advantage of opportunities in the food extrusion market.
- Latest Trends and Market Events and analyze essential events in food extrusion market.
- Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.
- Answer vital business questions; supports decision making in R&D to long term marketing strategies
- Develop economic models, forecast models, and healthcare frameworks.
Impact of COVID-19:
The present epidemic has affected every market in the world. Many businesses, including the worldwide food extrusion Market, have been impacted by the COVID-19 pandemic. To battle the epidemic, the government and nations have implemented a number of strict measures, including lockdown and adjustments to a number of industrial rules, in order to assist various enterprises in remaining competitive. The paper includes a full breakdown of the pre- and post-pandemic effect analysis. During the COVID-19 situation, the market is projected to gradually gain traction by implementing strategic plans.
Regional Analysis:
Europe Dominates the Food Extrusion Market
Europe is anticipated to hold the largest share for food extrusion market. However, Asia Pacific is anticipated to grow at fastest CAGR over the forecast period of 2021-2028. The emerging economies such as India and China are estimated to be the leading countries in this region. China is projected to hold the largest share in Asia Pacific and expected to grow at hasty CAGR over the forecast period.
List of Prominent Players in the Food extrusion Market:
| Sr. No. | Companies | Headquarters |
| 1) | Bühler | Uzwil, Switzerland |
| 2) | Akron Tool & Die | OH, US |
| 3) | Baker Perkins | Peterborough, UK |
| 4) | Coperion | Stuttgart, Germany |
| 5) | GEA | Düsseldorf |
| 6) | Triott Group | Moerkapelle, Netherlands |
| 7) | Flexicon | PA, US |
| 8) | Groupe Legris Industries | Brussels, Belgium |
| 9) | The Bonnot Company | OH,US |
| 10) | American Extrusion International | IL,US |
Get detailed COVID-19 impact analysis on the Food extrusion Market- https://www.vantagemarketresearch.com/food-extrusion-market-1028/customization-request
Recent Developments in the Industry:
- On July 2021, Flexicon Corporation Pty Ltd increased the manufacturing and sales operation to double size. It will make certain the company’s growth in Asia Pacific.
- On April 2021, Givaudan and Buhler cooperatively started the APAC Protein Innovation Centre which is located at Givaudan Woodlands site, Singapore. This centre is run by experts from both companies. Also, it is connected to a vast network of R&D innovation centres in Switzerland and other key hubs across the region. His will help company to have collaborative and sustainable future for food.
Important questions answered in this report:
- What is the estimated market size and growth rate of the food extrusion market?
- Which segments are included in the food extrusion market?
- Which top companies are active in the food extrusion market?
- What are the major driving factors for the growth of the food extrusion market?
- How can I get free sample reports or study of food extrusion market?
This report provides details about prevalence, incidence, distribution of patients, and average price of treatment, market & technological trends and new product developments of Food extrusion Market.
| Report Attribute | Details | |
| Market Size in 2028 | USD 118.63 billion | |
| Forecast Period 2021 to 2028 CAGR | 7.11% | |
| Base Year | 2020 | |
| Historic Years | 2016 – 2019 | |
| Forecast Years | 2021 – 2028 | |
| Segments Covered | By Product Type (Revenue: USD Million, 2016 - 2028)
| |
| Quantitative Data - Units | Revenue in USD Million/Billion | |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World | |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others | |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. | |
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