Advancements in extrusion technologies have led to an increment in the use of extruded products in various food applications. Furthermore, food manufacturers are using these technologies to produce different types of products. These innovative technologies, which include twin screw extrusion, cracking, and jellification, are useful to ensure retention of nutrients and reduce the fat content in extruded products. Extruded products market has witnessed substantial growth in the past few years, and this growth is expected to continue increasing throughout the forecast period of 2019-2029. Sales of extruded products will account for a market value of US$ 170 Bn by the end of 2019.
Products such as swurves, chip’ins, and slim chips (circular popcorn chips), are some of the notable examples of products which are popular among consumers. Consumers want every food product to fulfil their nutritive requirements, while adhering to dietary restrictions.
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Key Takeaways
Manufacturers could gain substantial profits by focusing on nutritional extruded products, with a special focus on vegan, organic, and Non-GMO offerings. Acrylamide formation while cooking extruded products can pose a major threat to the product sales as it is perceived as unhealthy.
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Competitive Landscape
Players in extruded products market are adapting their market strategies as per the current trends in the market. Leading manufacturers are using strategies including acquisitions, segment specific investments, and enhancing production capacities of their units. Additionally, these companies are also focusing on investments in research and development facilities to further provide tailored solutions for the various extruded products.
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Know More About Extruded Products Market Report
Persistence Market Research, in its upcoming study, offers an impartial analysis of the global extruded products market, presenting historical data (2014-2018) and estimation statistics for the period 2019-2029. The study offers compelling insights on the extruded products market based on product type (food products, and feed), nature (organic and conventional), source (potato, corn, rice, tapioca, grains, cereals, fish, meat & poultry, and other), extrusion process (hot extrusion and cold extrusion), and distribution channel (business to business and business to consumer) across seven regions.
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