Market Overview:
The Global Food Extrusion Market size is expected to grow from USD 73.51 billion in 2022 to USD 103.74 billion by 2030, at a CAGR of 4.4% during the forecast period (2023-2030).
Extrusion is referred to as a system of propelling mixed ingredients out through a small opening, called a die, to form and shape the materials. The formed products are then called extrudates. The first extruders for food processing were piston and ram-type extruders for processing meats and sausages (Harper 1981). Food extrusion is a part of the food processing process that aids in developing food a specific way, and later bringing it to defined sizes majorly with the help of blades. Breakfast cereals, confectionery products, baby foods, and different kinds of pasta make important applications of the food extrusion mechanism.
Top Key Players for Food Extrusion Market:
Brabender GmbH & Co. KG (Germany), Mondelez International and Universal Robina. (US), Bühler (Switzerland), Akron Tool & Die (US), Jinan Darin Machinery Co. , Groupe Legris Industries (Belgium), Lindquist Machine Corporation (USA), Baker Perkins (UK), Coperion (Germany), GEA (Germany), KAHL Group (Germany), Triott Group (Netherlands), Flexicon (US), Kahl Group (Germany), The Bonnot Company (US), Pavan SPA(Italy), American Extrusion International (US), Shandong Light M&E Co.Ltd (China), Snactek (India), Doering systems inc. (US), PacMoore (US), Egan Food Technologies (US), Schaaf Technologie GmbH (Germany), Wenger Manufacturing Inc. (US) and others major key players.
Market Dynamics and Factors for Food Extrusion Market:
Drivers:
The Rising Demand for Textured Protein
The rising demand for textured protein is turning the food extrusion market. With the growing sustainable population employing veganism, the demand for textured protein is rising. Textured proteins are growing due to the popularity of vegetarian consumers. Meat alternative market size is also superior owing to the growth of textured protein and these products are manufactured using food extruders. The textured proteins are more reactive and can undergo many alterations throughout the extrusion process of which the most important being denaturation.
Opportunities:
New Product Launch and Advancement in Existing Products
New product advancement and introduction of extruded food products, government initiatives and investments to growth of the processed food sector, and untapped opportunity in developing markets provide favorable growth opportunities to improve the overall growth of the global food extrusion market. In addition, the growing health awareness due to sedentary lifestyles and the rising incidences of lifestyle diseases in emerging and emerging economies have resulted in the demand for "healthy" snacks. This demand is only anticipated to grow in the future and create profitable opportunities for both existing as well as new market players.
Segmentation Analysis of the Food Extrusion Market:
- By Product Type, the breakfast cereals product segment holds the maximum market share in the food extrusion market. This food supplement is highly popular and has been home to many innovations in product designs. A further modification involves granola/muesli mixes, which mainly consist of extruded products together with pieces of nuts and raisins.
- By Process, the hot extrusion segment is projected to hold the largest food extrusion market share. The factors that can be positively influenced by the rapid high energy transfer into the mass with high-temperature short-time advantages and rising utilization of convenience food products improve the demand for the hot extrusion process
Regional Analysis of the Food Extrusion Market:
Europe region is expected to dominate the food extrusion market and will continue to proliferate its trend of dominance over the projected period. Owing to the well-established food and beverages industry in this region, strict regulations imposed by the government in food safety standards and rising utilization of snack product types in this region has also impelled producers to source extruded snack products from other parts of the world for a steady supply of raw materials, as domestic production is not sufficient to accomplish the demand from the food industry of Europe.
Key Industry Development:
In January 2021, Bühler, collaborated with DIL to improve the sustainable production of healthy extruded meat substitutes. Bühler will use its expertise in extrusion to offer customized solutions with its developed extrusion technology.
