By 2034, the U.S. is expected to account for approximately 80% of North American freeze-dried food sales, with growth driven by a strong food and beverage industry and increasing consumer adoption of healthy lifestyles.
NEWARK, Del., Aug. 18, 2024 (GLOBE NEWSWIRE) — The Demand for freeze-dried foods A growth of CAGR of 6.3% over the forecast period (2024-2034) and exceed a valuation of 55.9 billion USD until 2034.
Increasing awareness about the various health benefits of a nutritious, natural and low-carb diet is driving the demand for freeze-dried fruits and vegetables. One of the major factors driving the market is the longer shelf life of freeze-dried fruits without any synthetic ingredients or preservatives.
Regular consumption of freeze-dried fruits can help reduce the risk of cardiovascular disease, liver and colon cancer, and other diseases. With consumer health concerns on the rise, freeze-dried fruit manufacturers are sure to thrive.
Freeze-dried foods are susceptible to contamination by toxin-producing fungi and bacteria as they contain various parts of aromatic and medicinal plants such as flowers, seeds, stems, leaves, roots and others that can spoil over time. Freeze-dried fruits are made from powdered mixtures of various medicinal plants that can produce toxins. Consumption of freeze-dried fruits involves certain risks that could restrict the market to some extent.
Freeze dried fruit manufacturers have become more aware of the process cycles of freeze dried fruits and are focusing on thorough examination of herbs and aromatic plants to reduce the risk of contamination. Due to the factors listed above, they are expected to contribute to the growth of the freeze dried food market in the coming decade.
Key findings from the market study
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North America is expected to account for the largest value share of the global market at around 25% by the end of 2024.
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Increasing consumption of baked goods containing freeze-dried fruits as toppings and fillings in different regions of the world is expected to boost the sales of freeze-dried foods during the assessment period (2024-2034).
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By product type, freeze-dried fruits are expected to hold the largest market share in the global market by the end of 2024.
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In the end-use segment, the food and beverage industry is expected to hold the largest market share by 2034 and exhibit impressive growth during the forecast period (2024-2034).
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The B2B channel is expected to have a higher market share than the B2C channel by the end of 2034.
“Freeze-dried food manufacturers could realize significant profits through extensive marketing and greater geographic reach to end consumers. The ready-to-eat, convenient food and beverage industry would also be an important market for freeze-dried foods.”, says Nandini Roy ChoudhuryClient Partner at Future Market Insights.
Competitive environment
Manufacturers use various marketing strategies, such as new product launches, geographic expansion, mergers and acquisitions, partnerships and collaborations, to identify the interest of potential buyers and build a larger customer base.
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For example in 2020, Nestle introduced a simple solution known as “Subscribe“This helps consumers personalise their choice of healthy superfoods and drinks made from 100% natural ingredients.
Major companies in the freeze-dried food industry
Discover more valuable insights
Future Market Insights, in its new report, offers an unbiased analysis of the global Freeze Dried Foods Market, presenting historical data (2019-2023) and estimation statistics for the forecast period 2024-2034.
The study offers compelling insights into the freeze-dried food market by product type (fruits, vegetables, freeze-dried dairy products, freeze-dried meat and seafood, freeze-dried pet food and prepared meals), type (organic and conventional), form (powder, granular and diced), end use (food and beverage products and retail), and distribution channel (B2B and B2B) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).
Access the full Freeze Dried Food Market Trends and Forecasts report now! https://www.futuremarketinsights.com/reports/freeze-dried-food-market
Author:
Nandini Roy Choudhury (Food & Beverage Client Partner at Future Market Insights, Inc.) has over 7 years of management consulting experience. She advises industry leaders and explores unexpected opportunities and challenges, implementing processes and operating models to support their business objectives.
She has exceptional analytical skills and often comes up with groundbreaking ideas.
Nandini has extensive expertise in key niches including food ingredients, nutritional and health solutions, animal nutrition and marine nutrients. She is also well versed in pharmaceutical, biotechnology, retail and chemicals and advises market participants on developing methodologies and strategies that deliver results.
Her core competencies lie in corporate growth strategies, sales and marketing efficiency, acquisitions and post-merger integration, and cost reduction. Nandini holds an MBA in Finance from MIT School of Business. She also holds a Bachelor’s degree in Electrical Engineering from Nagpur University, India.
Nandini is the author of several publications and has been quoted in magazines such as Beverage Industry, Bloomberg and Wine Industry Advisor.
Discover FMI’s latest food and beverage coverage:
The global freeze-dried vegetables market is valued at USD 102.8 billion in 2024 and is expected to reach USD 187.1 billion by 2034, growing at a compound annual growth rate of 13.5%.
The demand for freeze-dried fruits is estimated to reach $8.63 billion in 2023, growing at a compound annual growth rate of 7.5% to reach $17.82 billion by 2033.
The Freeze Dried Pet Food Market is expected to grow at a CAGR of 5%, from USD 18,250.07 million in 2024 to USD 29,589.7 million by 2034.
Demand for freeze-dried melt products is expected to reach $214.7 million in 2024, growing at a compound annual growth rate of 8.1% to reach $460.4 million by 2034.
The demand for dried spices is estimated at USD 5,763.5 million in 2022 and is expected to grow at a CAGR of 4.6% to reach USD 9,036.5 million by 2032.
The global dehydrated soup market is expected to grow at a compound annual growth rate of 7.9%, from $2.1 billion in 2023 to $4.5 billion by 2033.
The global dried honey market is expected to grow from USD 780 million in 2022 to USD 1,720 million by 2032, growing at a compound annual growth rate of 7.9%.
The demand for dried eggs is expected to grow significantly, from USD 2,080 million in 2023 to USD 4,719.6 million by 2033, at a remarkable CAGR of 9% during the forecast period.
Global spray-dried food sales are expected to grow from $62.8 billion in 2024 to $131.8 billion in 2034, representing a robust compound annual growth rate of 7.7%.
The global inactive dry yeast market size is estimated to be valued at USD 652.3 million in 2024 and is expected to reach USD 1,145 million by 2034, growing at a compound annual growth rate of 11.9%.
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