Food Extrusion Market Poised for Robust Growth Due to Rise in Demand for Convenience and Processed Food

Food Extrusion Market Poised for Robust Growth Due to Rise in Demand for Convenience and Processed Food

Food extrusion is a process of subjecting food material to pressure, heat, and shear forces to shape it into a variety of products for human consumption. This process allows for mass production of food which leads to advantages like consistent quality and texture. The increased demand for convenience and processed foods worldwide is a major driver boosting the growth of food extrusion products.

The global food extrusion market size 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 Takeaways

Key players: Key players operating in the food extrusion market include 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 opportunities:

Food Extrusion Market share is expected to increase due to the rapid growth in demand for ready-to-eat snacks, the rising popularity of protein-rich extruded products, and technological advancements in extrusion processing equipment and techniques, presenting lucrative opportunities for players in this market.

Global expansion: Leading food extrusion companies are expanding their global footprint through mergers & acquisitions and establishing production facilities across emerging countries to tap the rising demand in new geographic regions.

Market drivers: Rise in demand for convenience and processed food worldwide owing to busy lifestyles is a major growth driver for this market. Other drivers include increasing health consciousness leading to demand for protein-rich extruded products and expanding application scope of extruded food products.

In conclusion, the global food extrusion market is expected to continue growing steadily over the forecast period due to rise in demand for convenience and processed food worldwide. Key players should focus on leveraging opportunities in emerging countries and developing new product categories.

PEST Analysis

Political: Governments play an important role in food extrusion market through regulations on food quality and safety standards. New policies can impact market growth.

Economic: Rising disposable incomes and changing lifestyles drive demand for convenient packaged foods produced using extrusion technology. Economic fluctuations impact market revenue.

Social: Extruded foods are popular owing to their ease of cooking and consumption. Growing health consciousness increases demand for nutrient-rich extruded snacks and cereals.

Technological: Extrusion technology helps manufacturers develop new product varieties, improve nutritional profiles, and achieve production efficiencies. Automation and internet of things solutions are gaining adoption.

Food Extrusion Market Regions Analysis show that the North American and European regions account for the major share of the global food extrusion market in terms of value. High health awareness and disposable incomes drive demand for quality extruded food products.

The Asia Pacific region is projected to grow at the fastest rate through the forecast period. Rapid urbanisation, rising middle class, and growing working population translate to higher demand for convenient food options. Development of regional processing infrastructure also supports market expansion.