by The global food extrusion market has witnessed substantial growth over the past few years owing to increased demand for customized, convenience and healthy food products. Food extrusion is a widely used process to produce food ingredients and snacks from cereal grains, legumes and other starchy materials. It increases nutrient bioavailability and enhances shelf stability of finished products. The process also aids long-term storage and creates expanded or porous textures through extrusion cooking. Moreover, extrusion facilitates the blending of nutritional fortification agents with ease.
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 from 2024 to 2031.
Key Takeaways
Key players: Key players operating in the food extrusion market include 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.
Key players are focusing on sustainable production through innovative technologies and reduced carbon footprint. They are also expanding globally to tap emerging markets.
Growing demand: The Food Extrusion Market demand is being driven by changing consumer lifestyles and rising health consciousness, fueling the demand for nutrient-rich, convenient, and customized extruded food products. Growing spending on packaged food represents an opportunity.
Global expansion: Leading manufacturers are expanding their footprint in Asia Pacific and Latin America through strategic partnerships and collaborations to address growing demand from these regions.
Market Key Trends
Sustainable production is one of the key trends being witnessed in the food extrusion market. Players are investing in new technologies and processes for renewable energy adoption, reduced water usage and lower carbon emissions. They aim to transition to clean manufacturing using techniques like circular manufacturing systems. Extensive R&D in material science is also enabling the use of novel biomaterials for packaging and processing food. Overall, focus on sustainability and greener extrusion technologies will shape the future market landscape.
Porter’s Analysis
Threat of new entrants: The food extrusion market requires high capital and technical know-how to produce extruded food products. This makes it difficult for new players to enter the market.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established manufacturers that offer a variety of food extrusion products.
Bargaining power of suppliers: The bargaining power of suppliers is low to moderate as raw material prices fluctuate frequently and there are many suppliers in the market.
Threat of new substitutes: The threat of new substitutes is moderate as alternative methods of food processing and production are continuously evolving.
Competitive rivalry: The competitive rivalry in the market is high as the key players compete on the basis of product quality, innovation, pricing and services.
Geographical Regions
Food Extrusion Market Regional Analysis shows that the North America region accounts for the largest share in the global food extrusion market in terms of value. This is attributed to the strong demand for processed and convenience food products from countries like the US and Canada.
The Asia Pacific region is expected to witness the fastest growth during the forecast period. Increasing disposable income, rapid urbanization and growing health-consciousness among consumers are fueling the market growth in emerging countries of China and India.
The Europe region also holds a prominent position in the food extrusion market led by countries like Germany, France and the UK. Availability of advanced production infrastructure and stringent food safety regulations drive the product demand.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
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, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn
