Food
Extrusion Market 2022 - Market Size & Forecast, Industry Trends,
Manufacturers Analysis, & Opportunities 2030
Page: 386 | Report Code: FB22090602 | Research Suite: Report (PDF) & Market Data (Excel)
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Food extrusion is a modern, energy-efficient food processing technology.
It involves melting, plasticizing, heat transfer, mass transfer, shear, shaping,
and pressure changes for puffing, mixing, cooking, texturizing, conveying, and kneading.
It is used in the modern food industry to reduce food waste & loss and to make
snacks, pet foods, pasta, and ready-to-eat cereals. The process inactivates
enzymes, reduces microbial contamination, and enhances the digestibility of
various plant components such as starch and proteins, providing improved
quality and digestibility of the food products.
Extrusion aids in transforming under-utilized biomass into food and in formulating
healthy grain products. It also helps lend colors, textures, and multiple
shapes to different food products that are otherwise not easily attainable
using other production methods. It enables the preparation of new consumer
snacks and food products.
Growth Drivers:
Factors
primarily driving the growth of this market include: the proliferating adoption
of healthy snacking habits; the burgeoning consumer preference for convenience
foods due to easier access to products and availability in a wide variety of options;
the escalating developments in the field of processed food products coupled
with innovations in the food extrusion technology; and the surging overweight
and obese population leading to an enhanced demand for food products that
overlook weight management.
Additionally,
the emphasis on the building of solid immunity among people is rising all over
the globe. This is leading to an increased demand for healthier food products,
which can be addressed through food extrusion as it is involved in the
production of highly nutritious food for people. Thus, the soaring demand for
immunity building and the adoption of healthier products is expected to bode
well for the growth of the global food extrusion market during the forecast
period.
Moreover, the
changing preferences for food among the urban population in developing
countries due to changing lifestyles and increasing disposable incomes is
bolstering the growth of the food extrusion market. The demand for ready-to-eat
and processed food products is surging as they help save colossal amounts of time
and effort. Alongside, the rising trend of snacking between meals and the
increasing shift from traditional homemade breakfasts to ready-to-eat products
is also augmenting the demand for extruded product types, which is raising the demand
for food extrusion equipment and thereby the overall food extrusion market.
Furthermore,
other factors such as the ever-increasing global population; the growing demand
for different types of food products; the enhancing food distribution channel;
the soaring expenditure levels on R&D activities; and the rapidly changing trends
in the food industry are expected to further create ample growth opportunities
for the global food extrusion market during the forecast period.
However,
factors such as fluctuations in the prices of raw materials coupled with unstable
climatic conditions adversely affecting the raw material production, and the
stringent regulations imposed by the government are anticipated to restrict the
growth of the global food extrusion market to some extent during the forecast
period.
Food Extrusion Market Segmentation:
By Product Type:
·
Savory Snacks
·
Breakfast Cereals
·
Breads
·
Flours & Starches
·
Textured Protein
·
Functional Ingredients
·
Other Product Types
By Extruder:
·
Single Screw Extruder
·
Twin Screw Extruder
·
Contra-Twin Screw Extruder
By Process:
·
Cold Extrusion
·
Hot Extrusion
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Based on product type, the breakfast
cereals segment dominated the global food extrusion market in 2021. The segment
is expected to continue with its dominance in the market during the forecast
period of 2021-2030. The large share of this segment can predominantly be
attributed to the high popularity of breakfast cereals owing to their nutritional
benefits and convenience.
Based on extruder, the single
screw extruder segment held the largest share of the global food extrusion
market in 2021. The segment’s position is estimated to remain unchanged during
the forecast period on account of the steady expansion of raw materials.
Based on process, the hot
extrusion segment is predicted to attain the highest CAGR in the market during
the forecast period. Factors such as the ability to improve the digestibility
of proteins and starches and to destroy anti-nutrients unwanted enzymes,
including micro-organisms, are mainly attributed to the growth of this
particular segment.
Regional Outlook:
The European region held the most commanding position
in the global food extrusion market in 2021. The region is projected to retain
its dominance further in the market during the forecast period. Factors such as
the rising consumption of processed food products; the expanding consumer base;
the escalating technological advancements, the presence of well-developed snack
food and food & beverages industries; and the increasing health awareness
among people are majorly attributed to the large share and growth of the market
in the region.
The Asia-Pacific region is poised to emerge as the
fastest-growing regional market for food extrusion during the forecast period.
The growth of the market in the region can be attributed to the burgeoning preference
for ready-to-eat and fast-food products, the increasing number of stringent
regulations imposed by the government on complying with the food safety
standards, the rapidly expanding food and beverages beverage industry in the
region. Moreover, the rising trend of westernization, globalization, changing
lifestyles, and increasing personal disposable incomes of people in the region
are also expected to bring about tremendous growth in the food extrusion market
in the Asia Pacific during the forecast period. India and China are the major
contributors to the development of the market in the region.
The North American region is also slated to witness
robust expansion in the market during the forecast period owing to the growing
commercial food processing industry and the rising inclination of consumers
toward ready-to-eat breakfast cereals and processed meat products in the
region. The U.S. and Canada stand as the major contributors to the growth of
the market in the region.
Key Companies in Food Extrusion Market:
·
Mondelez International
·
Calbee Inc.
·
Universal Robina
·
Grupo Bimbo
·
Bühler
·
GEA
·
KAHL Group
·
Triott Group
·
The Bonnot Company
·
American Extrusion International
·
Snactek
·
Doering Systems Inc.
·
PacMoore
·
Groupe Legris Industries
·
Akron Tool & Die Co., Inc.
·
Amandus Kahl GmbH & Co. KG
·
Baker Perkins Limited
·
Coperion GmbH
·
Flexicon Corporation
· Other Players