Global Food Extruder Market Expanding Rapidly: Expected to Reach US$87.2 Billion by 2033

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

Food extrusion offers a wide range of advantages, including versatility, increased productivity, energy efficiency, cost-effectiveness, and a compact space requirement. These qualities enable the production of a diverse spectrum of foods with varying textures, appearances, and colors. The cost-effective nature of food extrusion ensures optimal utilization of raw materials while maintaining a high output ratio.

Key Highlights of the Food Extruder Market:

1. Dominant Product Category: The single screw extruder is expected to thrive at a CAGR of 3.2% (2023 – 2033), attributed to its operational flexibility and ease of maintenance.

2. Leading End User Segment: The food processing segment is projected to expand at a CAGR of 3.6% between 2023 and 2033. Its significant contribution to the food processing domain drives its robust growth rate.

3. US Market Growth: The US food extruder market is exhibiting strong growth, projected to achieve the highest CAGR of 3.0% throughout the forecast period. With a value of US$29.2 billion, this growth is fueled by a growing food and beverages industry and rising demand for nutritious processed bars.

4. China’s Growth: China, anticipated to secure the second-largest market share of US$5.8 billion by 2033, is expected to experience the second-highest CAGR of 2.9% between 2023 and 2033. This growth is driven by increased per capita income and the popularity of contemporary instant food trends.

Competitive Landscape:

Prominent companies in the food extruder market prioritize improving unit efficiency, speed, affordability, and reliability. Strategies include techniques like mergers and acquisitions to strengthen supply chains and diversify distribution channels. Key players include Buhler, Baker Perkins, Coperion, Lindquist Machine, and Pavan SPA.

Recent Market Developments:

Baker Perkins has introduced novel extruders leveraging twin-screw extrusion technology, enabling versatile production of high-quality extruded ingredients. Buhler has expanded its processing unit’s offerings with advanced extruders, catering to aqua feed, pet food, breakfast cereals, and food ingredient production, driven by demand for packaged and affordable processed foods.

Anticipated Market Growth:

The food extruder market is set for healthy growth, projected to achieve a robust CAGR of 3.9% from 2023 to 2033. Starting at a market share of US$59.6 billion in 2023, it is forecasted to surpass US$87.2 billion in valuation by 2033.

Driving Forces:

The changing consumer lifestyle, marked by a growing inclination towards packaged and processed foods, is driving food businesses to adopt advanced food extrusion technology. This technology not only boosts productivity but also supports energy efficiency.

Innovative Growth:

Emerging companies are embracing food extruder systems to broaden their product offerings, exploring the production of a range of processed food items, including those derived from grains and spices.