Food Extrusion Market worth $ 75.6 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Food Extrusion Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global food extrusion market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2030. The burgeoning adoption of healthy snacking habits among people across the globe; the growing developments in the field of processed food products coupled with innovations in the food extrusion technology; the surging consumer preference for convenience foods due to easier access to products and availability in a wide variety of choices; and the increasing overweight and obese population worldwide leading to an enhanced demand for food products that overlook weight management are some of the major factors contributing to the growth of the global food extrusion market.

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According to product type, the breakfast cereals segment led the global food extrusion market in 2020. The segment is predicted to maintain its lead in the market during the forecast period of 2021-2030. According to extruder, the single screw extruder segment captured the largest share of the global food extrusion market in 2020. The segment is expected to remain dominant throughout the forecast period of 2021-2030. According to process, the hot extrusion segment is anticipated to witness the highest growth in the market during the forecast period.

Geographically, the European region dominated the global food extrusion market in 2020. The region is projected to continue with its lead further in the market during the forecast period. The Asia-Pacific region is expected to attain the highest growth in the market for food extrusion during the forecast period of 2021-2030. Countries such as India and China are among the key contributors to the growth of the market in the region.

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Some of the major food extrusion companies profiled in the report include Mondelez International, Calbee Inc., Universal Robina, Grupo Bimbo, Bühler, GEA , KAHL Group, Triott Group, The Bonnot Company, and American Extrusion International.

The global food extrusion market is segmented into product type, extruder, process, and region. Based on product type, the market is bifurcated into savory snacks, breakfast cereals, breads, flours & starches, textured proteins, functional ingredients, and other product types. Based on extruder, it is classified into single screw extruder, twin screw extruder, and contra-twin screw extruder. Based on process, it is classified into cold extrusion and hot extrusion.

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The global food extrusion market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Food Extrusion Market
• On the basis of product type, the breakfast cereals segment led the global food extrusion market in 2020. The segment is predicted to maintain its lead in the market during the forecast period of 2021-2030.
• On the basis of extruder, the single screw extruder segment captured the largest share of the global food extrusion market in 2020. The segment is expected to remain dominant throughout the forecast period of 2021-2030.
• On the basis of process, the hot extrusion segment is anticipated to witness the highest growth in the market during the forecast period.
• On the basis of region, Europe dominated the global food extrusion market in 2020. The region is projected to continue with its lead further in the market during the forecast period.
• On the basis of region, the Asia-Pacific region is expected to attain the highest growth in the market for food extrusion during the forecast period of 2021-2030.

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About xResearch:
xResearch is a leading independent provider of strategic and analytical market research. We create data and analysis on thousands of products and services around the world. Our market research reports empower companies with strategic data, analysis and consumer trends in a single resource.

We unite the most profound insight over the vastest arrangement of capital-escalated businesses and markets. By interfacing information crosswise over factors, our analysts give our clients a wealthier, profoundly incorporated perspective of their industry. With experienced domain experts, xResearch strives to provide best solutions and accurate forecast which enables the client to take informed decisions.

This release was published on openPR.