by The food extrusion market involves the process of using an extruder screw machine to shape, mix, and form food ingredients into a wide variety of food products. Extrusion cooking offers advantages such as low-cost production, use of inexpensive raw materials, destruction of anti-nutrients, and production of expanded or textured products. It is widely used for producing breakfast cereals, snacks, pasta, and pet food. The growing consumer preference towards convenient and healthy snacking options has fueled the demand for extruded snacks like breakfast cereals, savory snacks, and functional bars.Demand for extruded snacks is driven by rising disposable incomes, urbanization, changing lifestyles, and increasing health awareness among consumers.
The Global Food Extrusion Market is estimated to be valued at US$ 88.30 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Food Extrusion are KAHL Group, Akron Tool & Die, Baker Perkins, Coperion, GEA, Triott Group, Flexicon, Groupe Legris Industries, The Bonnot Company, American Extrusion International, Shandong Light M&E Co., Ltd, Snactek, Doering systems, inc., PacMoore, Egan Food Technologies, Schaaf Technologie GmbH, Wenger Manufacturing, Inc., Brabender GmbH & Co. KG, and Jinan Darin Machinery Co., Ltd.
The food extrusion market offers lucrative opportunities with the advent of new technologies and advanced extrusion equipment catering to varied production needs. 3D food printing using extrusion is an emerging technology to create personalized food products. Growing demand for healthier on-the-go snacks, nutritional bars, and alternative protein sources will further drive market growth.
North America dominates the global food extrusion market due to high consumption of extruded snacks. However, Asia Pacific is expected to witness the highest growth over the forecast period with the rising health-conscious middle-class population and increasing spending on food products in developing nations like India and China. Key players are expanding their production facilities across Asia Pacific and Latin America to leverage growth opportunities in emerging economies.
Market drivers
The Food Extrusion Market demand is driven by key factors including changing food consumption patterns, growing demand for processed, convenient, and single-portion snacks, increasing application in pet food production, and a surge in demand for alternative plant-based protein ingredients and meat analogs.Rising health awareness is propelling the demand for fiber and protein-rich extruded food products. Moreover, economic growth, urbanization, and rising disposable incomes in developing nations will continue to offer significant opportunities during the forecast period.
PEST Analysis
Political: Food extrusion market is influenced by various regulations set by different government bodies related to food quality and safety. Strict regulatory norms ensure optimal product quality and safety standards are met.
Economic: Fluctuations in raw material prices and economic conditions impacts the operating costs and demand for extruded food products. A stable economic environment supports the market growth.
Social: Changing lifestyle and dietary habits fuel the demand for convenience snacks and ready-to-eat extruded food products. Growing health consciousness among consumers also boosts products with nutrition enrichment.
Technological: Food Extrusion Market Challenges And Opportunities include advancements in extrusion technology that enhance product diversification and the development of complex shapes. The use of automation and digital tools in production and quality monitoring helps improve efficiencies.
Asia Pacific currently holds the largest share of the global food extrusion market in terms of value. The region witnesses strong demand from countries like China, India, Japan and Indonesia due to rising incomes, growing population and shift towards Western diets.
North America is the fastest growing regional market for food extrusion. Rapid adoption of new product innovations along with demand for nutritional and healthy extruded snacks and pet food drive the market expansion in the region.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
