Food Extruder Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033
Between 2023 and 2033, the food extruder market is anticipated to grow at a robust CAGR of 3.9%. The market is expected to reach a worth of US$4 87.2 billion by 2033, up from its current share of US$59.6 billion in 2023.
–
Modern food extruders that increase productivity and minimise power consumption
are being adopted by food enterprises as a result of the changing lifestyles
that drive the need for packaged and processed foods.
–
To make various types of processed foods, including food sticks and things made
from grains and spices, new businesses are implementing food extruder systems.
–
The practise of snacking between work shifts and keeping protein sticks nearby
for quick chomping has increased demand for food extruders as it becomes a
crucial component of the food industry food processing unit.
– These
processed food items have become well-known among the younger generation
because to the translation of home-based cuisine into convenient bars and
rolls. Consequently, the global market system’s demand for food extruders is
fueled.
–
The link between suppliers and consumers, modern marketing strategies used to
introduce innovation to production facilities, and growing demand for food
extruders.
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Top
Points:
- The
leading segment based on the product type is single screw extruder which
is likely to thrive at a CAGR of 3.2% (2023 – 2033) as it is easy to
maintain and switch while increasing the operability.
- The
biggest segment based on the end user category is the food processing
which is forecasted to thrive at a CAGR of 3.6% between 2023 and 2033. The
high CAGR is attributed to it being the it being the major part of the
food processing unit.
- US market
for food extruders has strengthened over the years and is likely to thrive
at the highest CAGR of 3.0% during the forecast period. It is likely to
hold a value of US$ 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
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