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Food Extrusion Market 2023 - Challenges, Drivers, Analysis, Industry Share And Forecast To 2032
Food Extrusion Market
The Business Research Company's Food Extrusion Global Market Report 2023 identifies rapid growth in the consumption of processed food as the major driver for the Food Extrusion market's growth in the forecast period. Processed products refer to products that are cooked and packed. It is a process of converting agricultural products into food, they are also called ready-to-eat food. The food extrusion process in packaged and processed food improves the digestibility of proteins and starches and destroys the anti-nutritional factors in food.
The global food extrusion market size grew from $79.69 billion in 2022 to $86.59 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the food extrusion market is expected to grow to $114.26 billion in 2027 at a CAGR of 7.2%.
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Major competitors in the Food Extrusion market are Bühler Holding AG, Akron Tool & Die Co Inc., Coperion GmbH, Baker Perkins Ltd., Pavan SPA, Kahl Group.
A key trend in the Food Extrusion market includes technological innovations. Major companies operating in the food extrusion market are developing new technological innovations to sustain their position in the market. For instance, in August 2021, GEA, a German-based company that designs and manufactures food extrusion machinery launched its high-capacity extruder named as Tru Twin series based on screw assembly technology. By using this Tru Twin series, users can increase the production capacity up to 40%. This model is used for both the food and pet food industries. This model of the Tru Twin series helps to increase the production capacity of the plants.
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The Food Extrusion market is segmented -
• By Extruder: Single Screw, Twin Screw, Contra-Twin Screw
• By Process: Cold, Hot
• By Product Type: Savory Snacks, Breakfast Cereals, Breads, Flours and Starches, Textured Protein, Functional Ingredients, Other Product Types
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Food Extrusion market.
The Business Research Company's "Global Food Extrusion Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Food Extrusion Market Include:
1. Executive Summary
2. Food Extrusion Market Characteristics
3. Food Extrusion Market Trends And Strategies
4. Food Extrusion Market - Macro Economic Scenario
5. Food Extrusion Market Size And Growth
…………………………………
26. Africa Food Extrusion Market
27. Food Extrusion Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Extrusion Market
29. Food Extrusion Market Future Outlook and Potential Analysis
30. Appendix
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