Gourmet Insights is a prominent source of data, analytics, and intelligence tailored for the Food & Beverage industry. Our expertise lies in delivering thorough and current information across diverse facets of the F&B sector, encompassing restaurants, food-service establishments, beverage producers, distributors, and other key players in the culinary landscape.
Data Bridge Market Research unveils a comprehensive study of Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
Data Bridge Market Research analyses that the food extrusion market is expected to reach USD 119.37 billion by 2030, which was USD 77.19 billion in 2022, registering a CAGR of 5.60% during the forecast period of 2023 to 2030.
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Food extrusion is a process that includes applying a force to a material that causes it to flow through a dye opening, resulting in food products of the required texture, size, and shape. Food extrusion increases the digestibility of numerous plant components, such as proteins and starch, which results in improved digestibility and quality of food products.
Global Food Extrusion Market Dynamics
Drivers
Increasing consumption of processed food
The growth in the consumption of processed food is likely to drive the food extrusion market growth during the forecast period. Processed products are those products that are packed and cooked. It is a process of altering agricultural products into food. They are also named ready-to-eat food. The food extrusion process in processed and packaged food increases the digestibility of starches and proteins and destroys the anti-nutritional factors in food. Thus, the growth in the consumption of processed food is significantly contributing to the market's growth.
Growing demand for textured protein
With the growing sustainable population shifting towards veganism, the demand for textured protein is rising. Textured proteins are growing because of enticing vegetarian consumers. The meat alternative market is also increasing because of the growth of textured protein, and these products are prepared using food extruders. The textured proteins can undergo many changes and are more reactive during the extrusion procedure, with denaturation most important. The rise in textured protein is likely to boost market growth.
Opportunities
Increasing technological advancements in food extrusion products
Technological innovations have become a major popular trend in the food extrusion market. Major industries operating in the food extrusion market are developing new technological innovations to strengthen their position in the market. For instance, GEA launched its high-capacity extruder called the Tru Twin series based on screw assembly technology in 2021. Through this Tru Twin series, users can surge the production capacity by up to 40 percent. This model is used for both the pet food and normal food industries.
Rising demand for immunity building
The importance of building solid immunity among people is growing rapidly all around the globe. This leads to an augmented demand for healthier food products, which can be prepared through food extrusion as it prepares highly nutritious food. Thus, the increasing demand for immunity building and the rising adoption of healthier products is anticipated to create lucrative opportunities for market growth during the forecast period.
Global Food Extrusion Market Scope
The food extrusion market is segmented on the basis of extruder, process, and food product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Food Extrusion Market Regional Analysis/Insights
Europe dominates the food extrusion market in revenue and market share because of this region's well-established food and beverages sector. Moreover, an increasing consumer base and stringent regulations imposed by the government on food safety standards will further propel the market growth in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due growth and expansion of the food and beverages industry in this region. Furthermore, increasing the preference for ready-to-eat and fast-food products will further boost industry growth in this region.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Food Extrusion Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Food Extrusion Market.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Food Extrusion Market Landscape
Part 04: Global Food Extrusion Market Sizing
Part 05: Global Food Extrusion Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
This study answers to the below key questions:
What are the key factors driving the Food Extrusion Market?
What are the challenges to market growth?
Who are the key players in the Food Extrusion Market?
What are the market opportunities and threats faced by the key players?
Some of the major players operating in the food extrusion market are:
Solvay (Belgium)
Stepan Company (U.S.)
Xylem (U.S.)
Evonik Industries AG (Germany)
FINK TEC GmbH (Germany)
Universal Robina Corporation (U.S.)
NEOGEN Corporation (U.S.)
Evoqua Water Technologies Corp. (U.S.)
AMERICAN EXTRUSION INTERNATIONAL (U.S.)
Coperion GmbH (Germany)
The Bonnot Company (U.S.)
Baker Perkins (U.K.)
GEA Group Aktiengesellschaft (Germany)
Groupe Legris Industries (Belgium)
Triott (Netherlands)
By Extruder (Single Screw, Twin Screw, and Contra Twin Screw), Process (Hot and Cold), Food Product (Breakfast Cereals, Savoury Snacks, Flours and Starches, Bread, Functional Ingredients, Textured Protein, and Others)
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