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“The food extrusion market, by food product and extrusion equipment, is projected to grow at CAGRs of 4.26% and 2.41%, respectively.”
The food extrusion market, by food product and extrusion equipment, is projected to grow at CAGRs of 4.26% and 2.41% from 2017, to reach USD 68.38 billion and USD 7.11 billion, respectively, by 2022. The market is primarily driven by factors such as changing lifestyles and high disposable incomes of the population, which lead to an increased demand for ready-to-eat food products as they help save time and efforts. Volatile factors such as global climatic conditions affect the production of raw materials such as potato, corn, and tapioca, which acts as a major restraint of the food extrusion market. The increasing prices of raw materials is an important concern for extruded food manufacturers and consequently, acts as a restraint to the food extrusion market.
“Hot extrusion dominated the market in 2016.”
On the basis of process, the food extrusion equipment market was led by hot extrusion. Advantages such as rapid high energy transfer into the mass with the high-temperature short-time method drive the market for hot extrusion.
“Twin screw extruder is projected to be the fastest-growing extruder segment.”
Based on extruder type, the twin screw extruder is expected to be the fastest-growing during the forecast period. Twin screw extruders are in demand due to their greater flexibility, with the capability to process a wide range of raw materials; they also feature energy- and cost-saving mechanisms.
“Asia Pacific: High growth is expected in the food extrusion.”
Asia Pacific is projected to be the fastest-growing market over the next five years. The region’s enhanced industrialized growth over the years, followed by improvements in the food industry, has opened new opportunities for the food extrusion market. The growing middle-class population of the region and the increase in demand for snacks that offer on-the-go consumption are driving the growth of the food extrusion market.
Break-up of Primaries:
- By Company Type: Tier 1 – 33 %, Tier 2 – 44%, and Tier 3 – 23%
- By Designation: Director Level – 19%, C Level – 52%, and Manager Level – 29%
- By Region: Europe –39%, North America – 15%, Asia Pacific – 35%, and Row – 11%
Leading players profiled in this report:
• Baker Perkins (UK)
• Coperion (Germany)
• B?hler (Switzerland)
• AKRON TOOL & DIE (US)
• Groupe Legris Industries (Belgium)
• The Bonnot Company (US)
• AMERICAN EXTRUSION INTERNATIONAL (US)
• Pavan SpA (Italy)
• Flexicon (US)
• Triott Group (Netherlands)
• Lindquist Machine (US)
• Kahl Group (Germany)
The report segments the food extrusion market on the basis of extruder, process, food product, and region. In terms of insights, this research report has focused on various levels of analyses?competitive landscape, end-use analysis, and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the food extrusion market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons To buy this report:
- To get a comprehensive overview of the food extrusion market
- To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights about the major countries/regions in which the food extrusion market is flourishing