Food Extrusion Market Grows Rapidly as Processed and Functional Food Production Expands
Food Extrusion Market Grows Rapidly as Processed and Functional Food Production Expands
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According to the latest report published by Data Bridge Market Research, the Food Extrusion Market
CAGR Value
Data Bridge Market Research analyses that the food extrusion market is expected to reach USD 119.37 billion by 2030, which was USD 77.19 billion in 2022, registering a CAGR of 5.60% during the forecast period of 2023 to 2030
An excellent Food Extrusion Market research report is a great store to acquire current as well as upcoming technical and financial details and market insights of the Food Extrusion Market industry for the precise forecast period. The report carries out analysis and discussion of important market trends, market size, sales volume, and market share for Food Extrusion Market industry. SWOT analysis and Porter's Five Forces Analysis are two of the most comprehensively used techniques while preparing this report. Estimations about the rise or fall of the CAGR value for specific forecast period are also mentioned in the persuasive Food Extrusion Market report.
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Food Extrusion Market Segmentation and Market Companies
Segments
- On the basis of Food Product Type, the Global Food Extrusion Market can be segmented into savory snacks, breakfast cereals, bread, flours and starches, textured protein, and others. The breakfast cereals segment is expected to witness significant growth due to the increasing demand for convenient and healthy breakfast options among consumers.
- Based on the Extruder Type, the market can be categorized into single screw extruders, twin screw extruders, and others. Twin screw extruders are gaining popularity due to their ability to process a wide range of raw materials efficiently.
- By Process, the market can be segmented into hot extrusion and cold extrusion. The hot extrusion segment is anticipated to dominate the market, driven by the advantages of high throughput and reduced cooking time offered by this process.
Market Players
- Some of the key players in the Global Food Extrusion Market include Clextral (France), Baker Perkins (UK), GEA Group (Germany), Bühler (Switzerland), and The Bonnot Company (US). These companies focus on product development and innovation to cater to the evolving consumer preferences and demand for customized food products.
- Other prominent players in the market are American Extrusion International (US), Leistritz AG (Germany), Pavan SpA (Italy), Flexicon Corporation (US), and Triott Group (Netherlands). These players engage in strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their market presence and expand their product portfolios.
The Global Food Extrusion Market is witnessing significant growth driven by various factors such as the increasing demand for convenient and healthier food options, technological advancements in extrusion equipment, and the growing adoption of extruded food products by food manufacturers. One key trend shaping the market is the rising popularity of plant-based and alternative protein sources, leading to the development of textured vegetable protein (TVP) using extrusion technology. This trend aligns with the shifting consumer preferences towards sustainable and plant-based diets, driving the demand for plant protein extruded products.
Another emerging trend in the food extrusion market is the focus on clean label and natural ingredients. Consumers are becoming more conscious about the ingredients used in food products, leading manufacturers to incorporate natural and clean label ingredients in extruded foods. This trend is pushing companies to innovate and develop extruded products that meet the clean label criteria while maintaining taste and texture.
Moreover, the increasing investments in research and development activities by key players in the market are driving product innovations and technological advancements in food extrusion equipment. Companies are investing in developing extruders with advanced features such as automation, real-time monitoring, and customization options to meet the specific requirements of food manufacturers. These advancements are not only enhancing the efficiency of the extrusion process but also improving the quality and consistency of extruded food products.
Additionally, the growing focus on food safety and quality standards is influencing the market dynamics. Regulatory bodies across the globe are imposing stringent regulations on food manufacturing processes, including extrusion, to ensure the safety and quality of food products. This has compelled food extrusion equipment manufacturers to comply with the regulatory standards and enhance the hygiene and safety features of their equipment to meet the industry requirements.
Furthermore, the market is witnessing collaborations and partnerships between key players to expand their geographical presence and strengthen their market position. Strategic alliances are enabling companies to leverage each other's capabilities, distribution networks, and technological expertise to penetrate new markets and gain a competitive edge in the industry. These partnerships are also facilitating knowledge sharing and joint research efforts to drive product innovation and address evolving consumer preferences worldwide.
In conclusion, the Global Food Extrusion Market is poised for robust growth driven by consumer demand for convenient, healthy, and innovative food products. With trends such as plant-based proteins, clean label ingredients, technological advancements, and regulatory compliance shaping the market landscape, players in the industry are focusing on product development, strategic partnerships, and adherence to quality standards to capitalize on the growing opportunities in the food extrusion sector.The Global Food Extrusion Market is experiencing a significant transformation driven by shifting consumer preferences, technological innovations, and regulatory standards. One key aspect shaping the market is the increasing demand for plant-based and alternative protein sources, leading to the rise of products like textured vegetable protein (TVP) created through extrusion technology. This trend aligns with the growing consumer interest in sustainable and plant-based diets, fueling the need for plant protein extruded products. As consumers become more conscious about their food choices, the market sees a rising focus on clean label and natural ingredients. Manufacturers are adapting by incorporating natural and clean label ingredients into extruded foods to meet consumer demands for transparency and health consciousness.
Moreover, investments in research and development are propelling product innovations and technological advancements in food extrusion equipment. Companies are striving to develop extruders with advanced features such as automation, real-time monitoring, and customization to cater to the specific needs of food manufacturers. These advancements not only enhance operational efficiency but also improve the quality and consistency of extruded food products. The market is also responding to the growing emphasis on food safety and quality standards. Regulatory bodies worldwide are imposing stricter regulations on food manufacturing processes, prompting extrusion equipment manufacturers to enhance hygiene and safety features to meet industry requirements.
Furthermore, collaborations and partnerships among market players are forging new avenues for growth and global expansion. Strategic alliances enable companies to leverage their respective strengths, distribution networks, and technological expertise to enter new markets and gain a competitive edge. These partnerships also promote knowledge sharing and joint research efforts, fostering product innovation to meet evolving consumer preferences on a global scale.
In conclusion, the Global Food Extrusion Market presents lucrative opportunities for players adept at navigating changing consumer demands, technological advancements, and regulatory landscapes. As the market continues to evolve, companies focusing on plant-based proteins, clean label ingredients, product innovation, strategic partnerships, and regulatory compliance are poised to capitalize on the growth potential in the dynamic food extrusion sector. By staying at the forefront of trends and industry developments, market players can position themselves for sustained success in this rapidly evolving market.
Frequently Asked Questions About This Report
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