Food Extrusion Global Market Report 2024

The food extrusion market size has grown strongly in recent years. It will grow from $85.1 billion in 2023 to $91.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historic period can be attributed to increased demand for processed and convenience foods, the rising popularity of snack foods, the cost-effectiveness in food production, the expansion of the pet food industry, and the enhancement of product shelf life.

The food extrusion market size is expected to see strong growth in the next few years. It will grow to $125.92 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be attributed to the growing demand for healthy snack alternatives, the rise in plant-based and alternative protein products, the expansion of the functional food market, increased adoption in developing regions, and the emphasis on sustainable and eco-friendly practices. Major trends expected during this period include technological advancements in extrusion equipment, a rising interest in plant-based and alternative proteins, diversification in product offerings, a focus on health and nutrition, and an emphasis on sustainable practices.

The anticipated rapid growth in the consumption of processed food is expected to drive the expansion of the food extrusion market in the future. Processed products refer to items that undergo cooking and packaging, essentially transforming agricultural products into ready-to-eat foods. The food extrusion process applied to packaged and processed foods enhances the digestibility of proteins and starches while eliminating anti-nutritional factors in food. Changing lifestyles and increased disposable incomes have resulted in a growing demand for ready-to-eat products, as they offer convenience by saving time and effort. For instance, based on data from the Agricultural and Processed Food Products Export Development Authority (APEDA), India's processed food product exports reached 21.5 billion from April 2021 to February 2022. Therefore, the substantial increase in the consumption of processed food significantly contributes to the growth of the food extrusion market.

The increasing adoption of vegan diets is expected to be a driving force behind the growth of the food extrusion market. Embracing a vegan diet entails abstaining from consuming animal products and opting for plant-based foods for nutritional needs. Food extrusion serves as a crucial manufacturing process for producing a variety of plant-based foods, including meat alternatives, snacks, cereals, and pasta. For example, in April 2023, a report from The Plant-Based Foods Association, a US-based trade association representing the plant-based food industry, revealed that plant-based foods contributed $8 billion to U.S. retail sales in 2022 - an increase of approximately 6.67% from $7.5 billion in 2021. Therefore, the growing adoption of vegan diets is poised to propel the growth of the food extrusion market.

Technological innovations have become a prominent trend gaining traction in the food extrusion market. Leading companies in the industry are actively developing new technological solutions to maintain their market position. For instance, in August 2021, GEA, a German-based company specializing in the design and manufacturing of food extrusion machinery, introduced its high-capacity extruder, named the Tru Twin series, based on screw assembly technology. This innovative series allows users to enhance production capacity by up to 40%. The Tru Twin series is designed for use in both the food and pet food industries, contributing to increased production capacity in plants utilizing this model.

Major players in the food extrusion market are concentrating on product launches, introducing innovations such as an electrically heated twin-screw extruder designed for both laboratory and pilot plant applications. An electrically heated twin-screw extruder is a type of extrusion equipment widely used in processing and manufacturing various materials, particularly in the food, plastics, and pharmaceutical industries. For instance, in November 2022, Brabender, a German-based company specializing in the manufacture of measurement and process engineering solutions, unveiled its latest extruder, the Big Compounder B-TSE-S 30/40. This extruder stands out in the food extrusion market with its versatile design capable of processing various materials, offering a high throughput of up to 100 kilograms per hour, and featuring a compact layout suitable for efficient production in both large-scale plants and smaller pilot facilities. The extruder's attributes, including easy cleaning, maintenance, and cost-effectiveness, contribute to enhanced flexibility and productivity, making it a valuable solution for the diverse needs of the food extrusion industry.

In December 2021, The Driessen Food Extrusion Company, a Netherlands-based company known for producing a variety of products for the food industry using its twin-screw extrusion systems, successfully acquired the Coperion food extrusion system for an undisclosed amount. Following the acquisition, Coperion food extrusion became a part of the Driessen Food Extrusion Company and started operating under its umbrella. Coperion GmbH, the acquired company, is a German-based company specializing in providing compounding, extrusion, feeding and weighing, and materials handling solutions.

Major companies operating in the food extrusion market report are Snactek Food Machines Pvt. Ltd., Bunge Loders Croklaan Group B.V., Hiwant International Inc., Techtronics Machinery Pvt. Ltd., Arca Continental S.A.B de C.V., GEA Group AG, Coperion GmbH, Schenck Process Holding GmbH, Bühler Holding AG, Groupe Legris Industries, Aasted ApS, Axium Foods Inc., Clextral Inc., Baker Perkins Ltd., Wenger Manufacturing Inc., The Bonnot Company, Reading Bakery Systems, PacMoore Products Corporate, Amandus Kahl GmbH & Co. KG, C.A.PICARD SAS, Pavan SPA, American Extrusion International, FBF Italia Srl Company, Akron Tool & Die Co Inc., Doering Systems Inc., Grace Food Processing & Packaging Machinery, Almex USA Inc., Shandong Light M&E Co. Ltd., Diamond America Inc., Snacks Développement SAS.

Europe was the largest region in the food extrusion market in 2023. The regions covered in the food extrusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the food extrusion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

In food extrusion, the primary types of extruders are single screw, twin screw, and contra-twin screw. Single screw extruders are employed in the production of pasta, processed meats, and fillings. They find applications in manufacturing dry and semi-moist pet foods, expanded snacks, cereals, puddings, soup, drink bases, gelatinized starch, and texturized vegetable proteins. The different processes utilized in food extrusion encompass cold and hot extrusion, with a variety of product types emerging, including savory snacks, breakfast cereals, bread, flours and starches, textured protein, functional ingredients, and others.

The food extrusion market research report is one of a series of new reports that provides food extrusion market statistics, including food extrusion industry global market size, regional shares, competitors with a food extrusion market share, detailed food extrusion market segments, market trends and opportunities, and any further data you may need to thrive in the food extrusion industry. This food extrusion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The food extrusion market includes revenues earned by entities by providing mixing soft ingredients, dyeing , twin-screw co-rotating services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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