Food Extrusion Market Size, Share, Industry Overview, and Leading Players
The global food extrusion market is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. The demand for Ready-To-Eat (RTE) snack foods is growing due to their convenience, nutrition value, attractive appearance, taste, and texture. Cereal-based extruded snacks are the most commonly consumed snacks....
Key Trends Shaping the Food Extrusion Market
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...