(I-BusinessNews.Com, February 11, 2020 ) The global food extrusion market, by food product and equipment, is projected to grow at CAGRs of 4.26% and 2.41% from 2017 to 2022, to reach a projected value of USD 68.38 Billion and USD 7.11 Billion, respectively, by 2022. Factors such as increasing consumer preference towards convenience foods indirectly favor the increasing demand for extruded food products, subsequently driving the extrusion equipment industry. In addition to this, the rapid growth of the processed food industry in the fast-growing urban households of developing economies is projected to drive the demand for extruded food products. These factors are driving the demand for food extruders from food manufacturers, driving the growth of this market.
On the basis of the extruder, the global market was led by the twin-screw extruder, followed by a single screw extruder, in 2016. Ease of functionality, low cost of production, better control of process parameters, high level of process flexibility, and remarkable mixing capability are the key features of twin-screw extruders.
The food extrusion market, on the basis of process, is segmented into the hot and cold extrusion. The hot extrusion segment accounted for a larger market share in 2016. Rapid high energy transfer into the mass with high-temperature short-time advantages is the key factor for the increasing preference for hot extrusion operations.
On the basis of the food products, the savory snacks segment accounted for the largest share of the food extrusion market in 2016 followed by breakfast cereals. Raw materials such as rice, corn, potato, and taro have been popular feed materials for extruded snacks because of their ease of availability and good functional properties.
The key players profiled have a strong presence in the global food extrusion market; they include Baker Perkins (UK.), Coperion (Germany), Bühler (Switzerland), AKRON TOOL & DIE (US), Groupe Legris Industries (Belgium), Pavan SpA (Italy), Flexicon (US), Triott Group (Netherlands), The Bonnot Company (US), and AMERICAN EXTRUSION INTERNATIONAL (US).
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