Global Food Extrusion Market, By Extruder (Single Screw, Twin Screw, and Contra Twin Screw), Process (Hot and Cold), Food Product (Breakfast Cereals, Savoury Snacks, Flours and Starches, Bread, Functional Ingredients, Textured Protein, and Others) – Industry Trends and Forecast to 2030.
Food Extrusion Market Analysis and Size
Nowadays, consumers in a globalized world anticipate healthy food at a reasonable price. Extrusion systems are cost-effective and flexible in meeting current, continuously changing requirements. Food extrusion cooking has become progressively popular in current decades for several reasons, including environment-friendly, cost, versatility, productivity, and product quality. Also, the rapid growth of the processed food industry in developing countries will further enhance the overall market demand during the forecast period.
Data Bridge Market Research analyses that the food extrusion market is expected to reach USD 119.37 billion by 2030, which was USD 77.19 billion in 2022, registering a CAGR of 5.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Food Extrusion Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Extruder (Single Screw, Twin Screw and Contra Twin Screw), Process (Hot and Cold), Food Product (Breakfast Cereals, Savoury Snacks, Flours and Starches, Bread, Functional Ingredients, Textured Protein and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Solvay (Belgium), Stepan Company (U.S.), Xylem (U.S.), Evonik Industries AG (Germany), FINK TEC GmbH (Germany), Universal Robina Corporation (U.S.), NEOGEN Corporation (U.S.), Evoqua Water Technologies Corp. (U.S.), AMERICAN EXTRUSION INTERNATIONAL (U.S.), Coperion GmbH (Germany), The Bonnot Company (U.S.), Baker Perkins (U.K.), GEA Group Aktiengesellschaft (Germany), Groupe Legris Industries (Belgium), Triott (Netherlands)
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Market Opportunities
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Market Definition
Food extrusion is a process that includes applying a force to a material that causes it to flow through a dye opening, resulting in food products of the required texture, size, and shape. Food extrusion increases the digestibility of numerous plant components, such as proteins and starch, which results in improved digestibility and quality of food products.
Global Food Extrusion Market Dynamics
Drivers
- Increasing consumption of processed food
The growth in the consumption of processed food is likely to drive the food extrusion market growth during the forecast period. Processed products are those products that are packed and cooked. It is a process of altering agricultural products into food. They are also named ready-to-eat food. The food extrusion process in processed and packaged food increases the digestibility of starches and proteins and destroys the anti-nutritional factors in food. Thus, the growth in the consumption of processed food is significantly contributing to the market's growth.
- Growing demand for textured protein
With the growing sustainable population shifting towards veganism, the demand for textured protein is rising. Textured proteins are growing because of enticing vegetarian consumers. The meat alternative market is also increasing because of the growth of textured protein, and these products are prepared using food extruders. The textured proteins can undergo many changes and are more reactive during the extrusion procedure, with denaturation most important. The rise in textured protein is likely to boost market growth.
Opportunities
- Increasing technological advancements in food extrusion products
Technological innovations have become a major popular trend in the food extrusion market. Major industries operating in the food extrusion market are developing new technological innovations to strengthen their position in the market. For instance, GEA launched its high-capacity extruder called the Tru Twin series based on screw assembly technology in 2021. Through this Tru Twin series, users can surge the production capacity by up to 40 percent. This model is used for both the pet food and normal food industries.
- Rising demand for immunity building
The importance of building solid immunity among people is growing rapidly all around the globe. This leads to an augmented demand for healthier food products, which can be prepared through food extrusion as it prepares highly nutritious food. Thus, the increasing demand for immunity building and the rising adoption of healthier products is anticipated to create lucrative opportunities for market growth during the forecast period.
Restraints/ Challenges
- Need a proper selection of process parameters
To avoid harmful and reactive substance formation, food extrusion must properly and carefully select process parameters such as feed rate, screw speed, temperature, moisture content, feed particle size, screw configuration, and die shape. Selection of the right parameter is a complex process when used to achieve the desired outcome. Hence, the proper selection of these parameters will challenge the market growth.
- Changing climatic circumstances
Changes in climatic circumstances, such as long-term temperature shifts and weather patterns. All around the globe have diminished the development of unrefined components such as potatoes, corn, and custard. As a result, this reduces the demand for food extrusion, which will likely hinder market growth.
This food extrusion market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food extrusion market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, The Driessen Food Extrusion Company acquired the Coperion food extrusion system for an undisclosed amount. Through this acquisition, Coperion food extrusion would become a major part of the Driessen Food Extrusion Company and would work under the Driessen Food Extrusion Company. Coperion GmbH provides feeding and weighing, compounding, extrusion and materials handling.
Global Food Extrusion Market Scope
The food extrusion market is segmented on the basis of extruder, process, and food product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Extruder
- Single Screw
- Twin Screw
- Contra Twin Screw
Process
- Hot
- Cold
Food Product
- Breakfast Cereals
- Savoury Snacks
- Flours and Starches
- Bread
- Functional Ingredients
- Textured Protein
- Others
Food Extrusion Market Regional Analysis/Insights
The food extrusion market is analyzed and market size insights and trends are provided by country, extruder, process, and food product as referenced above.
The countries covered in the food extrusion market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the food extrusion market in revenue and market share because of this region's well-established food and beverages sector. Moreover, an increasing consumer base and stringent regulations imposed by the government on food safety standards will further propel the market growth in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due growth and expansion of the food and beverages industry in this region. Furthermore, increasing the preference for ready-to-eat and fast-food products will further boost industry growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Extrusion Market Share Analysis
The food extrusion market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food extrusion market.
Some of the major players operating in the food extrusion market are:
- Solvay (Belgium)
- Stepan Company (U.S.)
- Xylem (U.S.)
- Evonik Industries AG (Germany)
- FINK TEC GmbH (Germany)
- Universal Robina Corporation (U.S.)
- NEOGEN Corporation (U.S.)
- Evoqua Water Technologies Corp. (U.S.)
- AMERICAN EXTRUSION INTERNATIONAL (U.S.)
- Coperion GmbH (Germany)
- The Bonnot Company (U.S.)
- Baker Perkins (U.K.)
- GEA Group Aktiengesellschaft (Germany)
- Groupe Legris Industries (Belgium)
- Triott (Netherlands)
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