Food Extrusion Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2138
Food Extrusion Market size anticipated to witness a surge in demand owing to rise in the processed food industry. Several innovations in the industry including enhanced equipment design that delivers improved productivity and reducing the production cost, also propel the food extrusion market.
Extruded eatables are made by the extrusion of numerous ingredients including wheat, potatoes, oats, tapioca and corn. Some of the most predominant snacks include pasta, macaroni, breads, breakfast cereals, fish paste, corn curls, processed cheese, jelly beans and onion rings. The process provides the ability to choose the ingredients and the ways of processing them. Large number of manufacturers use this in order to produce healthier products with diverse ingredients. Additionally, the process removes some of the naturally occurring toxins and decreases the micro-organisms present in the end use product, thus making them safer for consumption.
Growing awareness regarding healthy snacking habits and rising adoption of nutritional eatables intake including extruded snacks will drive the industry. Healthy snacking is also recognized for providing several metabolic benefits, particularly weight-loss. These products offer the required essential vitamins and nutrients that a body needs. The nutritional contents of these products can be substantially altered by adjusting the digestion competence of protein and starch, though the low GI and high bioactive containing extruded products can be customized to maintain balanced nutrition. Increasing demand for healthy snacking and weight management will propel the global food extrusion market over the forecast period.
The industry is mainly driven by factors including changing lifestyles and increasing disposable incomes of the population, leading to an enhanced demand for ready-to-eat eatable products as they help save time and efforts. However, instable factors including global climatic conditions affect the production of raw materials including tapioca, corn and potato, that in turn will acts a key restraint of the food extrusion market.
Based on process, the food extrusion market is projected to be led by hot extrusion. Several advantages including rapid high energy transfer into the mass with the elevated temperature short time technique will drive the food extrusion market development.
Based on extruder, twin screw segment accounted for the major food extrusion market size in 2016. Low cost of manufacturing, remarkable mixing capability, ease of functionality, high level of process elasticity and better control of process parameters are crucial factors for the food extrusion market growth.
Based on food product, the savory snacks segment is expected to witness largest food extrusion market share, followed by breakfast cereals during the forecast timeframe. Raw materials including taro, potato, and rice are most well recognized feed materials for extruded eatable products due to their easy availability and high functional properties. Development in the production technology is expected boost the global nourishment industry by increasing the possibility of new shapes and sizes and textures using various raw materials.
Europe dominates the overall industry owing to increase in demand for numerous extruded eatable products in the region. Rapid growth in the demand of ready-to-eat snacks will boost the industry. Furthermore, several key players have their manufacturing plants with advanced machineries well established in the region.
Asia Pacific is anticipated to be the fastest growing market over the forecast period due to improved industrialized growth over the forecast period. Rise in the middle-class population along with demand for snacks that offer on-the-go consumption will positively impact the food extrusion market growth. Factors including wide obtainability of numerous snacking options available at reasonable prices will augment the growth prospects for the industry.
Global food extrusion market is highly fragmented due to large several small and large industry players that compete based on price, service, distribution, quality, promotion, reputation and innovation. The growth opportunities of these participants depend on the changing consumer spending pattern and demographic trends. Intense competition prevails as the industry players are effectively focusing on offering innovative products to meet the consumers' tastes.
Key industry players include Baker Perkins, Pavan SpA, Groupe Legris Industries, Akron Tool & Die, Flexicon, The Bonnot Company, Bühler, Triott Group, Coperion and Grupo Bimbo. Other prominent players are Frito-Lay North America, Calbee Inc., Groupe Legris Industries, Kahl Group, Lindquist Machine, Mondelez International and Universal Robina.
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