Food Extrusion Market

Food Extrusion Market Size, Growth, Forecast (2023-2028)

The Global Food Extrusion Market size was valued at US$ 73.2 billion in 2022 and is anticipated to grow at US$ 99.88 billion by 2028 and increase at a CAGR of 6.5% between 2023 and 2028.

Global Food Extrusion Market Scenario:

The increased need for textured protein is driving the market for food extrusion. With a growing number of people turning to veganism, the need for textured protein is on the rise. These factors further tend to increase the global food extrusion market revenue during the forecast period. Textured proteins are becoming more popular as vegetarians become more interested. Because of the increase of textured protein, the market for meat substitutes is also expanding, and these products are made with food extruders. Textured proteins are considered reactive and can undergo various changes during the extrusion process; the most significant of which is denaturation.

Furthermore, the worldwide industry is being propelled by lower production costs and changing customer lifestyles. Increased demand for ready-to-eat food eatables has resulted from the population's changing lifestyles and rising disposable incomes. Thus, further responsible for the increase in the global food extrusion market size. The benefits of the food extrusion industry include reducing microbes in food, removing natural toxins, and making food safer to consume. With changing consumer lifestyles, there has been a tremendous expansion in industrialization and globalization, which has resulted in the worldwide food extrusion industry growing.

REPORT COVERAGE:

Global Food Extrusion Market Drivers:

The rise of the processed food industry is driving the food extrusion market. The population's changing lifestyles, and high disposable incomes have increased demand for ready-to-eat product varieties, saving time and effort. Furthermore, the urban population of developing nations is likely to boost demand for processed product categories, which will drive demand for food extrusion equipment. The need for extruded product types is also fueled by increased per capita income and the growing tendency to snack between meals. Over the last two decades, consumer preferences in rising nations such as China, India, Brazil, and the Middle East have gradually shifted away from traditionally prepared breakfasts and snacking meals and toward ready-to-eat items. Therefore, these are the primary factors that propel the global food extrusion market growth during the forecast period. With an escalating number of people shifting to veganism, the need for textured protein is on the rise. Because of the growing popularity of textured protein among vegetarians, it is on the rise. Because of the expansion of textured protein, the size of the meat substitute industry is also growing, and food extruders make these goods. In addition, textured proteins are more reactive and can involve in various modifications in the overall extrusion process. Therefore, the market for food extrusion is expected to grow as the need for textured protein rises. Food extrusion is a step in the food processing process that involves creating food in a specific way and then bringing it to set sizes, usually using blades. The food extrusion mechanism is used extensively in breakfast cereals, and infants feed various portions of pasta and confectionary items. When foods are handled at high temperatures, food extrusion reduces the number of microorganisms and removes natural toxins, making them safer to eat. As a result, the global food extrusion market seems to have significant growth in the upcoming years.

Global Food Extrusion Market Restraints:

The global food extrusion market comprises some restraints; one of those include climate change. Climate change has reduced the output of essential commodities such as potatoes, corn, and tapioca worldwide. Snack pellet producers are experiencing a raw material supply shortfall and are unable to meet increased demand. Other essential resources, such as wheat and vegetable oil, have prices that fluctuate by more than 40%, and natural gas prices fluctuate by more than 25% due to volatility. Furthermore, the high cost of snack pellet materials such as binding agents and tasty tastes is a deterrent. Manufacturers' profit margins are shrinking due to a rise in raw materials used in snack pellets. These factors are responsible for limiting the global food extrusion market share in the next six years.

Recent Developments in the Global Food Extrusion Market:

• On August 30, 2021, Buhler and the German institute of food technologies announced the technology center proteins for Future in Germany.

Global Food Extrusion Market Segmentation:

By Process:

• Cold
• Hot

Based on the process, the hot food extrusion is anticipated to have the highest CAGR during the forecast period and further propels the global food extrusion market demand. The extrusion of pulverized material under baro-thermal conditions is known as hot extrusion or extrusion-cooking of raw food products. The food item is heated to its melting point with the help of shear energy exerted by the moving screw and extra heating of the barrel. The product expands to its final shape when the changing rheological condition of the meal is transferred under high pressure through a die or a succession of dies. As a result, the extrudates have considerably different physical and chemical properties than the primary materials used.

By Extruder:

• Single screw
• Twin Screw
• Contra Twin Screw

Based on the extruder, a Single screw dominates the global food extrusion market compared to others. A feeding screw, live bin, extruder barrel, preconditioning cylinder, die, and knife makes up a single screw extruder. It transports and shapes various ingredients into a uniform product type by fixing the element with a shaped die to form a unique shape using a single screw in the extruder's barrel. Single screw extruders are usually divided into three zones: feeding, kneading, and cooling. Single screw extruders, in contrast to twin-screw extruders, have limited mixing ability, necessitating pre-mixing or preconditioning of the materials.

By Product type:

• Savory snacks
• Bread
• Breakfast cereals
• Flours & Starches
• Textured protein

Based on product type, the savory snacks sector accounted for the most significant proportion of the food extrusion market, and it is estimated to increase at a CAGR of 2.8 percent from 2022 - 2027. The easy availability of raw materials and good functional features are driving this segment's growth. From the production technology advancements, the global food extrusion market is anticipated to have the significant growth which further offers several shapes and sizes for the raw materials. Extrusion technology has given the food extrusion market a considerable boost. During 2020-2025, savory snacks are expected to be the fastest-growing sector, with the highest CAGR.

Global Food Extrusion Market Regional Analysis:

The Global Food Extrusion Market Report includes the segmentation of Regions:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Europe dominated the food extrusion market because of the growing customer base, advancements in food technology, and strict food safety standards; Europe dominates the food extrusion business. Food extruder machines are used to make savory snacks, and as a result, the expansion of the food extrusion industry in Europe is aided by an increase in delicious snack sales. The rise of the food extrusion business in Europe is being fueled by grain production and rising bread consumption.

Asia Pacific regions are estimated to hold the highest CAGR in the global food extrusion market. This is due to the increasing preference for fast food, growing globalization, changing consumer preferences, and escalating per capita income. 

Impact of COVID-19 on Food Extrusion Market:

The collapse of the hospitality sector and restaurant enterprises during the COVID-19 epidemic has affected the food extrusion market forecast since the demand for packaged food products has fallen. Given that consumers are forced to dine at home, several food manufacturing industries have transferred their supply chain from restaurant service to retail channels. Therefore, although online sales of breakfast cereals and meat-based items would have increased, COVID-19 is expected to impact the manufacturing sector significantly. Extrusion produces nutritious food, and healthier products will improve the food extrusion industry forecast in the following years as the focus on immunity building grows.

Global Food Extrusion Market Key Players:

The companies covered in the report include:

• Bühler
• Akron Tool & Die
• Baker Perkins
• Coperion
• GEA
• KAHL Group
• Triott Group
• Flexicon
• Groupe Legris Industries
• The Bonnot Company
• American Extrusion International
• Shandong Light M&E Co., Ltd