Marel Growth Strategy and Wenger Acquisition
Addressable solutions market of EUR 2 billion
Attractive solutions and service market with 4-6% annual growth - Wenger has a strong market position especially
within pet food
Pet Food
Aqua Feed
marel
Plant Based Proteins
Total addressable market of around EUR 2bn
(4-6% annual growth)
Market
characteristics
•
Extrusion is a key technology in
production of pet food
Market driven by volume growth as
well as upgrades and replacements
due to increased regulations and focus
on food safety
Opportunity to differentiate on process
technology and quality
Most of the industry shifting to
extruded feed as market further
matures
Regional market driven by capacity
expansion and increase in in-house
private feed production
Opportunity to differentiate with yield
and throughput
•
Most plant-based protein is produced
through extrusion
Rapid growth in demand to support
increased plant-based meat production
Significant opportunity to differentiate
on end product quality with best-in-
class technology and process know-
how
Market position of
Marel and Wenger
Leading position in the market
Key player with strong market share
and premium technology
Pole position to make a strong impact
with best-in-class technology and
process know-how
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