The Food Extrusion Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Food Extrusion Global Market Report 2024, The food extrusion market size has grown strongly in recent years. It will grow from $85.1 billion in 2023 to $91.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increased demand for processed and convenience foods, rising popularity of snack foods, cost-effectiveness in food production, expansion of the pet food industry, enhanced product shelf life.
The food extrusion market size is expected to see strong growth in the next few years. It will grow to $125.92 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to growing demand for healthy snack alternatives, rise in plant-based and alternative protein products, expansion of functional food market, increased adoption in developing regions, sustainable and eco-friendly practices. Major trends in the forecast period include technological advancements in extrusion equipment, rising interest in plant-based and alternative proteins, diversification in product offerings, focus on health and nutrition, emphasis on sustainable practices.
The rapid growth in the consumption of processed food is expected to propel the growth of the food extrusion market going forward. Processed products refer to products that are cooked and packed. It is a process of converting agricultural products into food, they are also called ready-to-eat food. The food extrusion process in packaged and processed food improves the digestibility of proteins and starches and destroys the anti-nutritional factors in food. The changing lifestyles and increased disposable incomes for the people are leading to the increasing demand for ready-to-eat products as they reduce time and effort for the people. For instance, according to the Agricultural and Processed Food Products Export Development Authority (APEDA), in India, processed food products exports touched 21.5 billion from April 2021–to February 2022. Therefore, the rapid growth in the consumption of processed food is significantly contributing to the growth of the food extrusion market.
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The food extrusion market covered in this report is segmented –
1) By Extruder: Single Screw, Twin Screw, Contra-Twin Screw
2) By Process: Cold, Hot
3) By Product Type: Savory Snacks, Breakfast Cereals, Breads, Flours and Starches, Textured Protein, Functional Ingredients, Other Product Types
Major companies operating in the food extrusion market are focusing on product launches, such as an electrically heated twin-screw extruder for use in both laboratory and pilot plant applications. An electrically heated twin-screw extruder is a type of extrusion equipment used in the processing and manufacturing of various materials, particularly in the food, plastics, and pharmaceutical industries. For instance, in November 2022, Brabender, a German-based company that manufactures measurement and process engineering solutions, launched a new extruder, the Big Compounder B-TSE-S 30/40. This stands out in the food extrusion market with its versatile design capable of processing various materials, high throughput of up to 100 kilograms per hour, and compact layout ideal for efficient production in both large-scale plants and smaller pilot facilities. Its features, including easy cleaning, maintenance, and cost-effectiveness, contribute to enhanced flexibility and productivity, making it a valuable solution for the diverse needs of the food extrusion industry.
The food extrusion market report table of contents includes:
1. Executive Summary
2.Food Extrusion Market Characteristics
3.Food Extrusion Market Trends And Strategies
4.Food Extrusion Market analysis
5.Food Extrusion Market Size And Growth
6.Food Extrusion Segmentation
7.Food Extrusion Regional And Country Analysis
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27.Food Extrusion Competitive Landscape And Company Profiles
28.Food Extrusion Key Mergers And Acquisitions
29.Food Extrusion Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Snactek Food Machines Pvt. Ltd.
- Bunge Loders Croklaan Group B.V.
- Hiwant International Inc.
- Techtronics Machinery Pvt. Ltd.
- Arca Continental S.A.B de C.V
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