Extruded Products Market Segmented By Product Type (Food Products, Feed), The demand for extruded baked products is estimated at US$ 39.3 Billion with at a CAGR 3.9% in the impending years.
Industry: Food and Beverages
Published Date: May-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 309
Report ID: PMRREP11239
The worldwide sales of extruded products is valued at US$ 206.6 Bn for 2023 and is foreseen to grow at rate of 4.0% during 2023-2033. PMR analysis forecast that the extruded products market is anticipated to incur the revenue of US$ 302.5 Bn by end of 2033, owing to rising demand for pasta, noodles, and extruded baked goods across the globe.
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Extruded Products Market Size (2023E) |
US$ 206.6 Bn |
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Projected Sales of Extruded Products (2033F) |
US$ 302.5 Bn |
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Value CAGR (2023-2033) |
4.0% |
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Value Share of Top 4 Countries (2022 A) |
39.8% |
During (2018-2022), the global extruded products market grew by 2.7% value CAGR and registered the revenue of around US$ 190.0 Bn for base year 2022. Furthermore, during the historical period of assessment, the market witnessed growth of 2.8% value CAGR for organic extruded products attributing to the rising preference for organic and natural products.
The extruded products are produced by the extrusion method wherein, raw materials are passed through particular die to obtain desired shape and design of the products. The extrusion process is majorly harnessed in the food processing industries for the manufacturing of versatile styles of food products with variant shapes and sizes. The extrusion method is required for the production of noodles, pasta, chips, snacks, breakfast cereals, pet food, and food ingredients among other products. The food or feed products that are manufactured by extrusion methods have a high amount of starch. Due to the growing health consciousness, and nutrient content the market demand for extruded products is increasing these days.
The global sales of extruded products is projected to grow rate of 4.0% value CAGR during 2023-2033, owing to strong demand for multigrain extruded snacks across the world.
“Growing demand for Protein-packed Snacks”
The increasing health and fitness trend has made a strong market demand for functional as well as fortified food and beverages considerably, over the past few years. The high protein-packed snacks are the healthy snacking options that have latent functional health benefits for consumers. The protein-enriched extruded products are derived from either plant-based protein sources or animal-based protein sources and prepared into on-the-go snacks to satisfy consumers' need for around-the-clock snacking preference.
“‘Soaring Demand for Multi Grain-based Extruded Snacks”
Cereal grains are a prime source of carbohydrates, energy, fiber, proteins, and other micronutrients. It has significant amounts of all vital amino acids excluding sulfur-containing amino acids that can be accompanied by adding cereals to the diet. The multigrain extruded snacks have grown its significant market share as tasty and healthier alternatives to regular corn and potato chips.
For instance, manufacturers have started offering grain-based extruded snacks due to the consumer’s inclination towards grain-based snacks. An American manufacturer, The Kellogg Company, started offering multigrain extruded snacks, breakfast cereals under its various brands such as Kellogg’s corn flakes, crunchy granola, chocos, oats, all-brans in their products portfolio.
“Expansion of E-Commerce Platforms in Developing Countries”
The market for extruded products is widely increasing for the production of functional foods, such as chips, snacks, confectionery, bakery, animal feed, and other food products. The growing electronic media is one of the openings for the market of extruded products across the globe. With the support of online sales and e-commerce platform, the product can be easily delivered to customers.
For instance, San Carlo Gruppo Alimentare S.P.A., Shearer's Foods, Inc., Wyandot Snacks, Premier Foods PLC are focusing on the enhancement of online channels for the expansion of their e-commerce platform.
“Stringent Rules and Regulations Hindrance to Market Growth”
Regulatory body FDA (Food and Drug Administration), with the support of CDC (Centre for Disease Control and Prevention), formed new regulations in the U.S for processed foods, due to the several cases of Acrylamide formation and Clostridium botulinum that negatively affects the consumers health.
FDA has enacted strict ground rules that are mandatory for all food producers to adhere and has also implemented austere measures to control chemicals and pathogen occurred during production of processed food products. The safety measures are important to avoid harmful substance formation while producing extruded food products. The players may face obstacles in maintaining of standards food quality through extrusion process, which may impact production of extruded food products which will ultimately trickle down to supply chain and may negatively affect the extruded product sales.
Which regions are dominating the global market?
Europe and North America are leading the global extruded products market with a value share of above 40% for 2023. The valuation for North America and Europe is predicted at US$ 82.6 Bn and US$ 35.7 Bn respectively for 2023.
What is the consumption outlook for extruded products in Asia?
The extruded products market in East Asia and South Asia is anticipated to grow at 4.7% in the forthcoming years, owing to growing number of working population as well as urbanization. High demand of processed products as well as increasing preference for snackification, especially in India and China, further makes Asia-Pacific region a lucrative market for extruded products market.
What is the demand of extruded baked products in the global market?
The demand for extruded baked products is estimated at US$ 39.3 Bn for 2023 and is expected to grow at 3.9% value CAGR in the impending years. The high demand for bakery products due to a greater variety and novelty of items available on the market is expected to have positive impact on market.
Which extrusion process is most favoured by manufacturer in the global extruded products space?
Based on extrusion process, the market is segmented into hot extrusion and cold extrusion. The valuation for cold extrusion is marked at US$ 144.2 Bn for 2023 and holds a value share of above 60% in the global extruded products space.
Manufactures in extruded production space are focused on expanding and innovating product portfolios as per market demands and consumer needs. Manufacturers are also engaged in offering organic certified and healthy extruded products, especially in European countries and the North America region.
Major market players are focused on strengthening supply chains for constant steady supply of high quality raw material that strengthen production efficiency and process. Manufacturers are also following the strategy of strategic alliances/partnerships with distributers in order to increase their market presence and product offerings in the global market.
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Attribute |
Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for extruded products has a value of US$ 206.6 Bn 2023.
The global market for extruded products has a value CAGR of 2.7% from 2018-2022.
The global market for extruded products has a value of US$ 302.5 Bn in 2033.
The global market for extruded products has a value CAGR of 4.0% from 2023-2033.
PepsiCo, Conagra Foods, Inc., Bunge Limited, ITC Ltd, The Kellogg Company, and Premier Foods PLC are the major manufacturers operating in the global extruded market.
