According to the research report titled ‘Global Food Extrusion Market Size study, by Product Type (Savory Snacks, Breakfast Cereals, Breads, Flours & Starches, Textured Protein, Functional Ingredients, Other Product Types), by Extruder (Single Screw Extruder, Twin Screw Extruder, Contra-Twin Screw Extruder), by Process (Cold Extrusion, Hot Extrusion), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global food extrusion market was valued at USD 68.7 billion in 2020 and is anticipated to record a healthy CAGR of 6.4% to reach a valuation of USD 106.1 billion by the year 2027.
 

The global extrusion market is driven by increasing trend of veganism as well as rising demand for processed food products. Moreover, government initiatives and investments to expand processed food sector will propel the market trends. According to Statista, food market revenue is predicted to rise from USD 8 trillion in 2020 to USD 9.1 trillion by 2025.
 

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For the unversed, extrusion is a food processing technique that involves pushing combined ingredients through a small aperture (known as a die) to create and shape food items. Extrusion allows for bulk food manufacturing using an efficient, continuous procedure that maintains uniformity of the end product.
 

However, price fluctuation of raw material may stifle market expansion over the forecast period of 2021-2027.
 

In terms of product type, worldwide food extrusion industry is branched into savory snacks, breakfast cereals, flours & starches, breads, functional ingredients, textured protein, and others. On the basis of extruder, the market is divided into contra-twin screw extruder, twin screw extruder, and single screw extruder. Based on process terrain, the industry space is categorized into hot extrusion, and cold extrusion.
 

Considering the regional landscape, the study covers North America, Asia Pacific, Europe, and Latin America for thorough analysis of the industry trends. Among these, Europe is slated to hold a significant market share during the forecast timeline 2021-2027, owing to rising intake of processed food in Southeastern and Eastern European countries, and increasing consumption of snack products.
 

The key players in the global food extrusion marketplace are American Extrusion International, The Bonnot Company, Flexicon Corporation, Triott Group BV, KAHL Group S.A, Coperion K-Tron, Baker Perkins Ltd., Bühler Group, Groupe Legris Industries, and Akron Tool & Die Co. Inc.