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.
The increase in demand for agricultural food products, shift in consumer preferences to higher standards of food safety and quality, and non-availability of labor during COVID-19 are some of the driving factors for the market.
Vitamin & Mineral Premixes Market is projected to reach USD 8.93 Billion by 2022, growing at a CAGR of 5.2% from 2017, in terms of value. In terms of volume, the market is projected to reach 1,615.76 KT by 2022.
The food coating ingredients and equipment markets were valued at USD 2.60 billion and USD 1.87 billion, respectively, in 2017 and are projected to reach a value of USD 3.62 billion and USD 2.21 billion by 2023