Food Extrusion Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

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The global food extrusion market is projected to expand at a compounded annual growth rate (CAGR) of 6.5% during the forecast period of 2021-2030.

Food extrusion is a modern, energy-efficient food processing technology. It involves melting, plasticizing, heat transfer, mass transfer, shear, shaping, and pressure changes for puffing, mixing, cooking, texturizing, conveying, and kneading. It is used in the modern food industry to reduce food waste & loss and to make snacks, pet foods, pasta, and ready-to-eat cereals. The process inactivates enzymes, reduces microbial contamination, and enhances the digestibility of various plant components such as starch and proteins, providing improved quality and digestibility of the food products.

Extrusion aids in transforming under-utilized biomass into food and in formulating healthy grain products. It also helps lend colors, textures, and multiple shapes to different food products that are otherwise not easily attainable using other production methods. It enables the preparation of new consumer snacks and food products.

Growth Drivers:

Factors primarily driving the growth of this market include: the proliferating adoption of healthy snacking habits; the burgeoning consumer preference for convenience foods due to easier access to products and availability in a wide variety of options; the escalating developments in the field of processed food products coupled with innovations in the food extrusion technology; and the surging overweight and obese population leading to an enhanced demand for food products that overlook weight management.

Additionally, the emphasis on the building of solid immunity among people is rising all over the globe. This is leading to an increased demand for healthier food products, which can be addressed through food extrusion as it is involved in the production of highly nutritious food for people. Thus, the soaring demand for immunity building and the adoption of healthier products is expected to bode well for the growth of the global food extrusion market during the forecast period.

Moreover, the changing preferences for food among the urban population in developing countries due to changing lifestyles and increasing disposable incomes is bolstering the growth of the food extrusion market. The demand for ready-to-eat and processed food products is surging as they help save colossal amounts of time and effort. Alongside, the rising trend of snacking between meals and the increasing shift from traditional homemade breakfasts to ready-to-eat products is also augmenting the demand for extruded product types, which is raising the demand for food extrusion equipment and thereby the overall food extrusion market.

Furthermore, other factors such as the ever-increasing global population; the growing demand for different types of food products; the enhancing food distribution channel; the soaring expenditure levels on R&D activities; and the rapidly changing trends in the food industry are expected to further create ample growth opportunities for the global food extrusion market during the forecast period.

However, factors such as fluctuations in the prices of raw materials coupled with unstable climatic conditions adversely affecting the raw material production, and the stringent regulations imposed by the government are anticipated to restrict the growth of the global food extrusion market to some extent during the forecast period.

Food Extrusion Market Segmentation:

By Product Type:

·         Savory Snacks

·         Breakfast Cereals

·         Breads

·         Flours & Starches

·         Textured Protein

·         Functional Ingredients

·         Other Product Types

 

By Extruder:

·         Single Screw Extruder

·         Twin Screw Extruder

·         Contra-Twin Screw Extruder

 

By Process:

·         Cold Extrusion

·         Hot Extrusion

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Based on product type, the breakfast cereals segment dominated the global food extrusion market in 2020. The segment is expected to continue with its dominance in the market during the forecast period of 2021-2030. The large share of this segment can predominantly be attributed to the high popularity of breakfast cereals owing to their nutritional benefits and convenience.

 

Based on extruder, the single screw extruder segment held the largest share of the global food extrusion market in 2020. The segment’s position is estimated to remain unchanged during the forecast period on account of the steady expansion of raw materials.

 

Based on process, the hot extrusion segment is predicted to attain the highest CAGR in the market during the forecast period. Factors such as the ability to improve the digestibility of proteins and starches and to destroy anti-nutrients unwanted enzymes, including micro-organisms, are mainly attributed to the growth of this particular segment.

 

Regional Outlook:

The European region held the most commanding position in the global food extrusion market in 2020. The region is projected to retain its dominance further in the market during the forecast period. Factors such as the rising consumption of processed food products; the expanding consumer base; the escalating technological advancements, the presence of well-developed snack food and food & beverages industries; and the increasing health awareness among people are majorly attributed to the large share and growth of the market in the region.

 

The Asia-Pacific region is poised to emerge as the fastest-growing regional market for food extrusion during the forecast period. The growth of the market in the region can be attributed to the burgeoning preference for ready-to-eat and fast-food products, the increasing number of stringent regulations imposed by the government on complying with the food safety standards, the rapidly expanding food and beverages beverage industry in the region. Moreover, the rising trend of westernization, globalization, changing lifestyles, and increasing personal disposable incomes of people in the region are also expected to bring about tremendous growth in the food extrusion market in the Asia Pacific during the forecast period. India and China are the major contributors to the development of the market in the region.

 

The North American region is also slated to witness robust expansion in the market during the forecast period owing to the growing commercial food processing industry and the rising inclination of consumers toward ready-to-eat breakfast cereals and processed meat products in the region. The U.S. and Canada stand as the major contributors to the growth of the market in the region.

 

Key Companies in Food Extrusion Market:

·         Mondelez International

·         Calbee Inc.

·         Universal Robina

·         Grupo Bimbo

·         Bühler

·         GEA

·         KAHL Group

·         Triott Group

·         The Bonnot Company

·         American Extrusion International

·         Snactek

·         Doering Systems Inc.

·         PacMoore

·         Groupe Legris Industries

·         Akron Tool & Die Co., Inc.

·         Amandus Kahl GmbH & Co. KG

·         Baker Perkins Limited

·         Coperion GmbH

·         Flexicon Corporation

·         Other Players

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