The global food extrusion market, valued at USD 73.1 billion in 2021, is anticipated to reach to USD 99.7 billion by 2026, with a projected compound annual growth rate (CAGR) of 6.4% during the forecast period. Innovative and flexibly designed processing and packaging systems are the prerequisites for manufacturers to keep pace with the trends in the food industry that may arise from operation cost and consumer spending. Advanced automated food processing equipment enables high-volume production of better-quality products with a longer shelf life.
Food Extrusion Market Drivers: Increase in demand for processed product types
The food extrusion market is primarily driven by the growth of the processed food industry. The changing lifestyles and high disposable incomes of the population have led to an increased demand for ready-to-eat product types as they help save time and effort. Additionally, the demand for processed product types from the urban population of developing economies is expected to subsequently drive the demand for food extrusion equipment. The rising per capita income and the increasing trend of snacking between meals are also fueling the demand for extruded product types. Consumer preferences in emerging economies such as China, India, Brazil, and the Middle East have gradually transitioned from traditional homemade breakfasts and snacking meals to ready-to-eat products over the last couple of decades.
Food Extrusion Market Opportunities: New product developments and launches of extruded product types
Over the past few years, the processed food industry has witnessed several activities—the emergence of new players, the expansion of the snack 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. With the increase in disposable incomes, the demand for branded snacks is expected to increase. Additionally, the rising health consciousness owing to sedentary lifestyles and the increasing incidences of lifestyle diseases in developed and developing countries have resulted in the demand for “healthy” snacks. This demand is only expected to increase in the future and presents lucrative opportunities for both existing and new players.
The hot extrusion segment, by process type, is projected to be the fastest-growing during the forecast period.
Hot extrusion or extrusion-cooking of raw food materials deals with the extrusion of ground material at baro-thermal conditions. With the help of the shear energy exerted by the rotating screw and the additional heating of the barrel, the food material is heated to its melting point. In this process, the changed rheological status of the food is conveyed under high pressure through a die or a series of dies, and the product expands to its final shape. This results in very different physical and chemical properties of the extrudates compared to those of the raw materials used.
Top Companies in the Food Extrusion Market
The key service providers in this market include Bühler (Switzerland), Akron Tool & Die (US), Baker Perkins (UK), Coperion (Germany), GEA (Germany), KAHL Group (Germany), Triott Group (Netherlands), Flexicon (US), Groupe Legris Industries (Belgium), The Bonnot Company (US), 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), Brabender GmbH & Co. KG (Germany), and Jinan Darin Machinery Co., Ltd., (China).
COVID-19 Impact Analysis on Food Extrusion Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the food extrusion market include American Extrusion International, Bühler, The Bonnot Company, Akron Tool & Die, Groupe Legris Industries, Baker Perkins, Flexicon, Coperion, Triott Group, Lindquist Machine, Pavan SPA, Kahl Group.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Food Extrusion Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/food-extrusion-market/download-sampleMarket DynamicsThe food extrusion market is expected to grow in the forecast period owing to driving factors such as developments in the field of processed food products with changing lifestyles and higher disposable incomes coupled with innovations in the food extrusion technology.
However, the food extrusion market is negatively influenced by raw material production due to unstable climatic condition.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
