Between 2023 and 2033, the food extruder market is anticipated to grow at a healthy CAGR of 3.9%. The market is expected to reach a valuation of US$4 87.2 billion by 2033, up from its current share of US$59.6 billion in 2023.
- The changing lifestyle that fuels the demand for packaged and processed food is pushing food businesses to adopt the advanced food extruders that enhance productivity and limit the power used.
- New companies adopt food extruder systems to produce different kinds of processed food items such as grain and spice-based food sticks and items.
- The habit of snacking between works and carrying protein sticks around for instant munching has fueled the demand for food extruders as it becomes an important part of the food processing unit.
- The transformation of home-based food into handy bars, and rolls have made these processed food items famous among the young generation. Thus, fueling the demand for food extruder in the global market system.
- The supplier-consumer relationship, latest promotional tactics while bringing the innovation to the manufacturing units, thriving the demand for food extruders.
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Top Points:
- The leading segment based on the product type is single screw extruder which is likely to thrive at a CAGR of 3.2% (2023 – 2033) as it is easy to maintain and switch while increasing the operability.
- The biggest segment based on the end user category is the food processing which is forecasted to thrive at a CAGR of 3.6% between 2023 and 2033. The high CAGR is attributed to it being the it being the major part of the food processing unit.
- US market for food extruders has strengthened over the years and is likely to thrive at the highest CAGR of 3.0% during the forecast period. It is likely to hold a value of US$ 29.2 Billion. The growth is attributed to the expanding food and beverages industry along with the surging demand for processed healthy bars.
- China which expects to hold the second biggest market share of US$ 5.8 Bn by 2033 while it thrives on the second highest CAGR 2.9% between 2023 and 2033. The growth is attributed to increased per capita income and latest instant food trends in China.
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Competitive Analysis:
Key companies focus on making their extruding unit efficient and fast along with keeping the price affordable and body reliable. Competitors adopt techniques such as mergers and acquisitions to expand their supply chain while also diversifying their distribution channels. Major companies in the food extruder market are Buhler, Baker Perkins, Coperion, Lindquist Machine, Pavan SPA
Recent Market Developments:
- Baker Perkins has introduced new extruders that hold the twin-screw extrusion technology at the heart of its versatile systems that produce a wide range of high-quality extruded ingredients.
- Buhler has added new food items into its processing unit while adjusting new and advanced extruders that produce aqua feed, pet food, breakfast cereals, and food ingredients Proliferating sales of packaged food items along with cheaper processed food items thrives the demand for Food Extruder Market. Fact.MR anticipates a CAGR of 3.9% (2022-2033)
- The food extruder market is forecasted to thrive at a healthy CAGR of 3.9% between 2023 and 2033. The market holds a share of US$ 59.6 billion in 2023 while it is forecasted to cross a valuation of US4 87.2 billion by 2033.
- The changing lifestyle that fuels the demand for packaged and processed food is pushing food businesses to adopt the advanced food extruders that enhance productivity and limit the power used.
- New companies adopt food extruder systems to produce different kinds of processed food items such as grain and spice-based food sticks and items.
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Food Extruder Market by Category
By Type, the Food Extruders Market is Segmented as:
- Single Screw Extruders
- Twin Screw Extruders
- Contra Twin Screw Extruders
By End Use, the Food Extruders Market is Segmented as:
- Food Processing
- Bakery Confectionaries
- Others
By Sales Channel, Food Extruder Market is Segmented as:
- Direct
- Retail Sales
By Region, Food Extruder Market is Segmented as:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
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