Food Extrusion Market To Reach USD 87.86 Billion By 2026
Market Summary: Growing technological advancement in food equipment, a rising demand for processed foods, and innovative designs of food products are key factors contributing to high CAGR of Food Extrusion market during the forecast period. Market Size – USD 58.75 Billion in 2018, Market Growth - CAGR of 5.1%, Market Trends – high-rise demand for twin extruders, favourable growth scenario in the functional foods market, According to the current analysis of Reports and Data, the global Food Extrusion market was valued at USD 58.75 Billion in 2018 and is expected to reach USD 87.86 Billion by year 2026, at a CAGR of 5.1%. Food extrusion is an important part of food processing technology, as it aids in manufacturing various food products of specific shapes and sizes. Further key findings from the report suggest : • As of 2018, savory snacks held a share of 35.6% in the market and were the dominant category, by product. • By product type, the functional ingredients segment held a market share of 11.4% in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period. • Europe is also a growing region for the food extrusion market. The high demand for functional foods along with experimentation in product designs by manufacturers is driving the growth of the market. The region is forecasted to grow at a CAGR of 4.8% through the forecasted period. www.reportsanddata.com
Key participants : American Extrusion International, Bühler, The Bonnot Company, Baker Perkins, Akron Tool & Die, Coperion, Flexicon, Groupe Legris Industries, Triott Group, Lindquist Machine. Segmentation: • Product Type (Revenue, USD Million; 2016–2026), Savoury Snacks , Breakfast Cereals , Bread , Flours & Starches , Textured Protein , Functional Ingredients , Others • Extruder (Revenue, USD Million; 2016–2026), Single Screw Extruders , Twin Screw Extruders , Contra Twin Screw Extruders • Process (Revenue, USD Million; 2016–2026), Cold Extrusion, Hot Extrusion
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Regional Outlook for Food Extrusion Market analyzes the following geographies ◦ North America (United States, Canada, and Mexico) ◦ Europe (Germany, France, UK, Russia, and Italy) ◦ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◦ South America (Brazil, Argentina, Colombia, etc.) ◦ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
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The report emphasizes the following key questions: ◦ Q.1. What are the most lucrative and promising growth prospects for the market? ◦ Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? ◦ Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? ◦ Q.4. Which factors are impacting the future of the market and what are the driving factors? ◦ Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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