Latin America, Middle East & Africa Food Extrusion Market Databank
The Food Extrusion market was valued at $68,726.2 Million in 2020, and is projected to reach $107,401.2 Million by 2029 growing at a CAGR of 5.13% from 2021 to 2029. Savory snacks segment is expected to be the highest contributor to this market, with $24,368.2 Million in 2020, and is anticipated to reach $33,965.7 Million by 2029, registering a CAGR of 3.80%. Textured protein segment is anticipated to reach $12,388.7 Million by 2029 with the highest CAGR of 8.06%. Savory snacks and Bread segments collectively expected to account for about 56.2% share of the Food Extrusion market in 2020, with the former constituting around 35.5% share. Textured protein and Breakfast cereals segments are expected to witness significant growth rates at a CAGR of 8.06% and 6.21% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 28.2% in the overall Food Extrusion market in 2020, and is anticipated to reach 32.7% by 2029.
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