Food Extrusion Market Size, Share, Trend & Global Industry Analysis & Forecast, 2024-2032

Global Food Extrusion Market Overview

The Global Food Extrusion Market size is expected to grow from USD 76.74 billion in 2023 to USD 113.94 billion by 2032, at a CAGR of 4.49% during the forecast period (2024-2032).

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 which 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. Additionally, food extrusion helps in overthrowing the number of microorganisms in foods when treated at high temperatures and removes natural toxins, thereby preparing the foods safer for utilization. Food extrusion provides beneficial significances such as high productivity, versatility, energy efficiency, cheaper cost, and low space requirements. These features help to produce an extensive variety of food with greater production capability. Amidst the COVID-19 pandemic, the global market for Food Extrusion projected at US$67.7 Billion in the year 2020, is estimated to gain a revised size of US$89.2 Billion by 2027, during the period 2020-2027.

COVID-19 Impact on the Food Extrusion Market

While the COVID-19 crisis, the contraction of the hospitality sector and restaurant businesses have hampered the food extrusion market outlook, as the demand for packaged food products has bearded. Many foods processing companies had shifted their supply chain from food service to retail channels given that consumers are forced to eat from home. Even though online sales of breakfast cereals and meat-based products would have accumulated pace, a slight impact on the producing sector is predicted during the COVID-19 pandemic. Nutritious food is manufactured through an extrusion process to address and the assumption of healthier products during the upcoming years will build up food extrusion industry forecast as the target on immunity building increases. European and North American regions are highly turned by technology and diverse food applications, contributing to the growth of the food extrusion market. The processed food industry is also observing significant growth in emerging economies such as India, Japan, Australia, and China. With the spread of COVID-19, the customers' desire for healthy, convenient, and premium products has raised, which is further anticipated to turn the growth of nutritious, high-fiber extruded foods and functional additives.

Market Dynamics And Factors Of The Food Extrusion Market

Drivers:

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.

Moreover, decreasing the manufacturing cost along with the shifting consumer lifestyles is accelerating the global food extrusion market. The rising busy lifestyles and growing disposable incomes of the individuals have led to improved demand for ready-to-eat food eatables. The food extrusion market has benefits in the form of removing the microorganisms in food and removing natural toxins and it makes the food safer for utilization. With the switching consumer lifestyles, there is a rapid growth in industrialization and globalization thus heading to the growth of the global food extrusion market. In addition, the growing trend of snacking between meals is also triggering the demand for extruded product types. Consumer preferences in developing countries such as India, Brazil, China, and the Middle East have gradually changed from traditional homemade breakfasts and snacking meals to ready-to-eat products over the last couple of decades which lead to growth for the food extrusion market during the forecast period.

Restraints:

There are some restraints and challenges faced which will hamper the overall food extrusion market growth. The factors such as fluctuating raw material prices and stringent food regulations confine the growth. Additionally, global climatic changes affect the production of raw materials hence restraining the food extrusion market growth. In addition, the volatility factor, the costs of other raw materials, such as wheat and vegetable oil, vary by more than 40%, along with the stabilization of natural gas by more than 25%. Furthermore, the high price of snack pellet ingredients, such as binding agents and savory flavors, also play as a restraint.

Opportunities:

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 creates profitable opportunities for both existing as well as new market players.

Market Segmentation

Segmentation Analysis of Food Extrusion Market:

Based on Product Type, the breakfast cereals product segment holds a 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. Nearly any cereal can be cooked using an extruder, but the number of functional cereals is limited to corn, wheat, and rice. The ready-to-eat cereals are usually cooked and modified by flaking, puffing, shredding, or extruding, toasting.

Based on Extruder, the twin-screw extruders are expected to dominate the food extrusion market during the forecast period. Owing to some factors such as better control of process parameters, high level of process flexibility, ease of functionality, and cheaper manufacturing cost will be strengthening food extrusion industry share from the segment. Less wear in smaller machine parts as compared to the single screw extruder will turn the segmental trends. In addition, handling of varieties of raw materials and better control of process parameters will motivate stakeholders to invest in twin-screw extruders.

Based on Process, the hot extrusion segment is projected to hold the largest food extrusion market share. The factors that can be positively influenced to 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. In this process, the changed physiochemical status of the food is conveyed under high pressure through a die or a series of dies, and the product growth to its final shape. This results in several physical and chemical characteristics of the extrudates compared to those of the raw materials used.

Regional Analysis of 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.

Asia-Pacific region will project the highest CAGR for the analysis period due to the strict regulations forced by the government on complying with the food safety standards, growth, and expansion of the food and beverages industry. Moreover, rising preference for ready-to-eat and fast-food products, westernization, globalization, switching lifestyle, and growing personal disposable income which aids to the growth of the food extrusion market over the forecast period.

North America's food extrusion market share is composed to experience significant growth. The rising of commercial food processing industries will be remarkable in the U.S. and Canada. Millennial and gen Z populations will reveal the trend for ready-to-eat breakfast cereals, health bars, pasta, and processed meat food items.

Players Covered in Food Extrusion Market are :

• 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.

Key Industry Developments In Food Extrusion Market

• 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.
• In May 2021, Mondel?z International, Inc. disclosed that an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category. First accepted in Greece over 40 years ago, Chipita S.A. created about $580 million of revenue in 2020 and has a certified track record of compatible growth from its portfolio of croissant and baked snack brands, incorporating such as 7Days, Chipicao, and Fineti. Chipita S.A. has been at the forefront of the advancement and growth in the sector over various economies driven by its strong innovation and producing capabilities.
• In July 2021, Flexicon Corporation Pty Ltd doubled the size of its production and sales operation. It will make sure the company's growth in Asia.