Food Extrusion Market Growth Opportunities by 2026

The global food extrusion market is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. The demand for Ready-To-Eat (RTE) snack foods is growing due to their convenience, nutritional value, attractive appearance, taste, and texture. Cereal-based extruded snacks are the most commonly consumed snacks. Extruders blend diverse ingredients to develop novel snack foods. The quality of the final product depends on the processing conditions used during extrusion, which include the composition of the raw materials, feed moisture, barrel temperature, screw speed, and screw configuration.

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Key players in this market include Bühler, Akron Tool & Die, Baker Perkins, Coperion, and GEA.

Buhler is primarily engaged in providing industrial solutions for processed food, commodity food, die casting, renewable energy, and animal feed. Bühler operates through four business segments: grains & food, advanced materials, consumer foods, and corporate functions. The grains & food segment comprises grain milling, value nutrition, sortex & rice, grain logistics, and consumers food; and the advanced materials segment comprises die casting, grinding & dispersion, and Leybold Optics. The company offers food extruders through its grains & food segment. The company core technologies are in the areas of mechanical and thermal process engineering. Bühler also offers industrial services, such as machinery repair, strategic consulting, process plant optimization services, energy consulting, and manufacturing and logistics services. In April 2021, Givaudan and Bühler jointly opened the APAC Protein Innovation Centre. It is located at the Givaudan Woodlands site in Singapore, the Protein Innovation Centre jointly runs being supported by experts from both companies. It is connected to a vast network of R&D innovation centers in Switzerland, and other key hubs across the region helps in plant-based product development on a global scale. This helps the company in achieving a vision of a collaborative and sustainable future of food.

Coperion is a manufacturer and service provider of plastic, chemical, food, and mineral processing machinery. The company operates through compounding & extrusion, equipment & systems, materials handling, and service divisions. In October 2019, Coperion provides ZSK 32 Mc18 extruder to DJK Corporation for research and development. It will provide Coperion ZSK 32 Mc18 that can be equipped with ZS-B side feeders, with the Feed Enhancement Technology FET, which optimizes the material intake capacity, as well as with a ZS-EG side devolatilization unit.

GEA is one of the world’s largest technology suppliers for the food, beverage, and pharmaceutical sectors. The international industrial technology group specializes in machinery and plants as well as advanced process technology, components and comprehensive services. The company operates in five segments: separation & flow technologies, liquid & powder technologies, food & healthcare technologies, refrigeration technologies, and farm technologies. In September 2017, GEA acquired Pavan SPA. It is a growth strategy that will help GEA expand its area of activities in food processing.

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The presence of a developed snack food market offers the European food extrusion market a prominent consumer base with opportunistic growth prospects. The growth of the food industry in this region is estimated to be driven by increasing consumption of processed product types in the Eastern & Southeastern European countries. Increasing consumption of snack product types in this region has also compelled manufacturers to source extruded snack products from other parts of the world for an uninterrupted supply of raw materials, as domestic production is not sufficient to meet the demand from the food industry of Europe.