Food Extrusion Market Size, Share, Trends, Opportunity, Key Drivers, Top Players And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2467

The Business Research Company presents an extensive market research report on the Food Extrusion Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

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.

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Key Market Players:

Major companies operating in the food extrusion market report are 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., GEA Group AG, Coperion GmbH, Schenck Process Holding GmbH, Bühler Holding AG, Groupe Legris Industries, Aasted ApS, Axium Foods Inc., Clextral Inc., Baker Perkins Ltd, Wenger Manufacturing Inc., The Bonnot Company, Reading Bakery Systems, PacMoore Products Corporate, Amandus Kahl GmbH & Co. KG, C.A.PICARD SAS, Pavan SPA, American Extrusion International, FBF Italia Srl Company, Akron Tool & Die Co Inc, Doering Systems Inc., Grace Food Processing & Packaging Machinery, Almex USA Inc., Shandong Light M&E Co. Ltd, Diamond America Inc., Snacks Développement SAS

Market Drivers:

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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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