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.
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The savory snacks segment accounted for the largest share of the food extrusion market by food product in 2016
On the basis of food product, 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.
Twin screw extruder accounted for the largest market share in 2016.
On the basis of extruder, the twin screw extruder segment accounted for the largest market share 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.
Europe dominated the food extrusion equipment market in 2016.
The European region was the largest market for the food extrusion equipment market in 2016. This can be attributed to the increase in demand for various extruded food products in the European region. The robust growth of the food industry of Europe is supported by the increased demand for ready-to-eat snacks and other extruded food products. Moreover, many key players have their production plants of extrusion machinery established in this region.
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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as 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).