Food Extrusion Market by Extruder Type (Single Screw Extruders, Twin Screw Extruders, and Contra Twin Screw Extruders); Process (Cold Extrusion and Hot Extrusion); Food Product (Savory Snacks, Breakfast Cereals, Bread, Flours and Starches, Textured Protein, Functional Ingredients, and Others): Global Market Size Estimates and Forecast (2022–2030)
The market crossed US$ 78.5 billion mark in 2022 and is expected to hit US$ 110.7 billion by 2030, recording a CAGR of 6.40% during the forecast period.
Food extrusion has been significantly growing with the increase in demand for processed food.
The food extrusion market is primarily driven by the growth of the processed food industry. The high disposable incomes of the population and changing lifestyles have led to an increased demand for ready-to-eat product types as they are easy to use and save time and effort. Moreover, the demand for processed product types from the urban population of developing economies is expected to bolster the demand for food extrusion equipment. Additionally, the rising per capita income and the increasing trend of snacking between meals are also propelling the demand for extruded product types.
Within the report, the market is segmented into extruder type, process, food product, and geography. By extruder type, the market is further segmented into single screw extruders, twin screw extruders, and contra twin screw extruders. On the basis of process, the market is bifurcated into cold extrusion and hot extrusion. By food products, the market is categorized into savory snacks, breakfast cereals, bread, flours and starches, textured protein, functional ingredients, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
New product developments and launches of extruded product types are further bolstering the market growth.
With the increase in disposable incomes, the demand for ready to eat products and snacks have increased. The surge in dual working households and working women have ultimately affected the processed food industry, which in turn is driving the food extrusion market growth. Additionally, the growing millennial population and their demand for healthy and easy to cook snacks is further contributing to the market growth. Moreover, the emergence of new players, the expansion of snacks portfolio through continuous product innovation, aggressive marketing campaigns to establish a supplier-consumer relationship, and a shift in consumption patterns with the increasing demand for convenience foods, all these factors are fueling the market growth.
Rising adoption of breakfast cereals is one of the major factors accelerating the market growth.
Breakfast cereals are in demand as they are convenient and provide nutritional benefits as well. They are available in various types, such as, ready-to-eat cold and hot cereals. The products may contain cocoa, honey, malt, granola/muesli, nuts, raisins, etc. These products are largely consumer by young population, as they want eay to cook products along with maintaining a healthy lifestyle and a good physique. The ready-to-eat cereals are usually cooked and modified by flaking, toasting, puffing, shredding, or extruding.
Recent strategic developments in food extrusion market
The food extrusion market has undergone several significant developments, and a few of these have been mentioned below:
- In September 2017, GEA acquired Pavan SPA. This acquisition helped GEA expand its area of activities in food processing.
The food extrusion market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Bühler, Akron Tool & Die, Baker Perkins, Coperion, GEA, KAHL Group, Triott Group, Flexicon, Groupe Legris Industries, The Bonnot Company, and American Extrusion International are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Extruder manufacturers
- Food processing companies
- Ready to eat products manufacturers
- Venture capitalists, private equity firms, and start-up companies
- End users of extruders
Scope of the report:
In this report, the market has been segmented on the basis of:
- Extruder Type:
- Single Screw Extruders
- Twin Screw Extruders
- Contra Twin Screw Extruders
- Cold Extrusion
- Hot Extrusion
- Food Product:
- Savory Snacks
- Breakfast Cereals
- Flours and Starches
- Textured Protein
- Functional Ingredients
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Akron Tool & Die
- Baker Perkins
- Akron Tool & Die
- Baker Perkins