The food extrusion market involves shaping food ingredients into various forms using extruders. Extruders use heat and mechanical shear to process raw ingredients like cereals, grains, vegetable proteins into ready-to-eat snacks and breakfast cereals. Extruded products have numerous advantages like longer shelf life, uniform texture and shape retention. Extrusion cooking enables producing nutrient-fortified and fiber-enriched food using fewer resources in a more sustainable way.

The Global Food Extrusion Market is estimated to be valued at US$ 88.30 Billion in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.

Key players operating in the food extrusion market are KAHL Group, Akron Tool & Die,

Bühler, 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 Takeaways

Key players: Key players like KAHL Group, Bühler, and Baker Perkins hold a significant share of the market through continuous product innovations. Their technological expertise helps in developing new extruded products addressing nutritional and sustainability needs.

Growing demand: Food Extrusion Market size is growing as increasing health-consciousness drives demand for nutrient-rich extruded snacks and cereals. Rising incomes in developing nations are also augmenting the consumption of convenient packaged foods

Global expansion: Major extrusion equipment manufacturers are expanding their global footprint through partnerships and acquisitions to tap untouched regions. Food companies are also adopting extrusion technologies to strengthen their market presence internationally.

Market key trends

Sustainability is a key trend shaping the food extrusion market. Manufacturers focus on developing energy-efficient and resource-saving extrusion solutions. They incorporate cleanlabel and plant-based ingredients into recipes along with upcycled agricultural byproducts. Extrusion techniques help reduce food wastage and food miles. Technological advances allow controlling various process parameters to minimize environmental impact. Developing nations show higher adoption of sustainable extrusion practices to future-proof their food manufacturing.

Porter’s Analysis

Threat of new entrants: High capital requirements and intellectual property protection make it difficult for new players to enter the market.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute products in the market. The bargaining power of buyers further increases with the presence of large retail chains.

Bargaining power of suppliers:

Food Extrusion Market Challenges and Opportunities reveal that food extrusion suppliers have moderate bargaining power due to the differentiated raw materials and expertise required for manufacturing equipment.

Threat of new substitutes: Substitute technologies like baking, frying etc. provide some threat; however, extrusion provides added advantages of shape, shelf life and convenience.

Competitive rivalry: This is high as major players compete on the basis of product innovation, quality and services.

Geographical Regions

North America accounts for the largest share in the food extrusion market in terms of value owing to the high demand for extruded products and presence of major market players in the region. Asia Pacific is projected to be the fastest growing region during the forecast period due to rising health consciousness, changing lifestyles and increasing disposable income in emerging countries like China and India.

The food extrusion market in Europe holds a significant value share primarily driven by high consumption of breakfast cereals and savoury snacks among the population. Latin America offers lucrative opportunities for market expansion over the coming years led by Brazil and Mexico where demand for meat analogues, pet food and ready-to-eat snacks is increasing steadily. Middle East & Africa represents a moderate yet growing regional market stimulated by surging birth rates and urbanization.

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