The Food Extrusion Market experienced a market value of USD 62.9 Billion in 2022, with projections indicating a growth to USD 72.6 Billion by 2032, exhibiting a steady CAGR of 4.2% during the forecast period. The primary factors driving this revenue growth include the increasing demand for processed and convenient meals, the popularity of practical and nutritious snacks, and advancements in extrusion technology.
The surge in demand for processed and convenient meals can be attributed to the busy schedules, urbanization, and evolving lifestyles of consumers. Food products such as pasta, snacks, morning cereals, and pet feeds can be efficiently manufactured using the food extrusion technique, offering ease of storage, portability, and consumption. Furthermore, the utilization of extrusion technology allows for the production of shelf-stable food items with an extended shelf life, thus minimizing food waste and enhancing profitability for producers.
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Top Companies Operating in the Global Food Extrusion Market Report:
- Clextral SAS
- Baker Perkins Ltd.
- The Bonnot Company
- The Bühler Holding AG
- Kahl Group
- Pavan SpA
- AC Horn Manufacturing
- Coperion GmbH
- Extru-Tech, Inc.
- Koninklijke DSM N.V.
Key Trends of Food Extrusion Market
- Expansion of Snack Food Industry: The global snack food industry has been experiencing significant growth, and food extrusion plays a crucial role in the production of various snack products like extruded snacks, chips, and puffed cereals. The convenience and versatility offered by extrusion technology make it popular among snack food manufacturers.
- Technological Advancements and Process Innovations: Ongoing advancements in food extrusion technology have led to the development of improved equipment, control systems, and automation. These advancements enhance production efficiency, product quality, and process flexibility, allowing manufacturers to meet the changing demands of the market.
- Expansion in Emerging Markets: The food extrusion market is witnessing significant growth in emerging economies due to increasing urbanization, rising disposable incomes, and changing consumer lifestyles. Countries like China, India, Brazil, and Mexico offer substantial opportunities for food extrusion equipment manufacturers and food product developers.
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The global Food Extrusion market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook:
- Single Screw
- Twin Screw
End-Use Outlook:
- Snacks
- Breakfast Cereals
- Pet Food
- Others
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