(EMAILWIRE.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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221423108

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.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=221423108

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.