Expanding Horizons: Global Food Extruder Market Set to Reach US$ 87.2 Billion by 2033

The global food extruder market, valued at US$ 59.6 billion in 2023, is primed for substantial growth with a projected Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period. By 2033, this market is anticipated to achieve a remarkable value of US$ 87.2 billion.

Food extrusion offers a diverse array of advantages, including versatility, enhanced productivity, energy efficiency, cost-effectiveness, and a minimal space footprint. These attributes combine to enable the creation of an extensive range of foods featuring varying textures, appearances, and colors. The cost-effective nature ensures efficient utilization of raw materials while maintaining a high output ratio.

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- Key Highlights:

The dominant product category is the single screw extruder, expected to flourish at a 3.2% CAGR (2023 - 2033). Its ease of maintenance and operational flexibility contribute to its sustained growth.
Leading the end user segments, food processing is projected to expand at a 3.6% CAGR between 2023 and 2033. Its significant contribution to the food processing domain accounts for its robust growth rate.
The US food extruder market has exhibited strong growth and is poised to achieve the highest CAGR of 3.0% throughout the forecast period. Valued at US$29.2 billion, this growth is propelled by a burgeoning food and beverages industry, coupled with a rising demand for nutritious processed bars.
China, expected to secure the second-largest market share of US$5.8 billion by 2033, is anticipated to experience the second-highest CAGR of 2.9% between 2023 and 2033. This growth is attributed to an increase in per capita income and the prevalence of contemporary instant food trends in China.

- Competitive Landscape:

Prominent companies within the food extruder market prioritize enhancing unit efficiency, speed, affordability, and reliability. Their strategies encompass employing techniques like mergers and acquisitions to bolster supply chains and diversify distribution channels. Key players in this market include Buhler, Baker Perkins, Coperion, Lindquist Machine, and Pavan SPA.

- Recent Market Developments:

Baker Perkins has unveiled novel extruders that leverage twin-screw extrusion technology at the core of their versatile systems, enabling the production of a wide array of high-quality extruded ingredients.
Buhler has expanded its processing unit's offerings with the integration of advanced extruders, catering to the production of aqua feed, pet food, breakfast cereals, and food ingredients. The rising demand for packaged and affordable processed foods is driving this innovation.

- Anticipated Market Growth:

The food extruder market is poised for healthy growth, projected to achieve a robust CAGR of 3.9% between 2023 and 2033. Starting with a market share of US$59.6 billion in 2023, it is forecasted to exceed a valuation of US$87.2 billion by 2033.

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- Driving Factors:

The evolving consumer lifestyle, characterized by an increasing preference for packaged and processed foods, propels food businesses to adopt advanced food extrusion technology. This technology not only enhances productivity but also promotes energy efficiency.

- Innovation and Expansion:

Emerging companies are embracing food extruder systems to diversify their product portfolios, venturing into the production of various processed food items, including those made from grains and spices.

- 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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