Spray Dried Food Market size is projected to experience a healthy growth between 2023 and 2032, owing to rising demand for ready-to-eat snacks and convenience foods. Meanwhile, increasing demand for edible products with longer shelf life and seasonal food products will support the industry demand in the future.
As edible products contain no moisture, it helps to restrict the growth of microorganisms in the products and keep them fresh for a long time. Expansion in the snack, confectionary, and bakery industries is a major factor driving the spray dried food market growth, as manufacturers focus on producing healthier edibles due to high demand.
Spray dried food products are produced by the spray drying technique, in which liquid products are converted into dry form by quick drying with the help of hot gases. The technology finds increased usage in dairy & coffee manufacturing sectors which helps retain the taste & flavor of edibles coupled with the extended shelf life of the products. Most manufacturers implement this technique for producing instant edibles.
One of the pivotal benefits of spay dried food products is that they are less costly than freeze-dried edibles, which is prompting their increased adoption in the F&B sector.
Increasing demand for dairy products, including cream, cheese, powdered milk, and mava, given the various health benefits is projected to propel the market demand. Ease of storage, lightweight, and high nutritional value are the key factors estimated to fuel the spray-dried food demand across the dairy business.
Based on product, the spray dried food market from the seafood segment is slated to accrue notable gains during 2023 to 2032, given the increasing consumption of spray dried seafood over the recent years. The process of drying fish by spray driers removes the water content while maintaining its nutritive value.
Based on applications, the increasing demand for edible products with long shelf lives and increasing demand for seasonal food products will support the spray-dried food market in the future.
North America is expected to be one of the major contributors to the spray dried food market growth till 2032, owing to the expanding dairy industry and the high consumption of products in this region. Moreover, the region is predicted to be a potential market for ready-to-eat products by adopting advanced technology and diversifying the product offerings, contributing to the regional market development.
Major players in the spray dried food market include Green Rootz, General Mills, Ajinomoto Co. Inc., Drytech Industries, Unilever, Van Drunen Farms, Nestle, and Mercer Foods. Some other key participants in the market include RB Foods, Sunspray Food Ingredients, The Food Source International, Mevive International Food Ingredients, Kraft Foods Inc., and WATSON-INC. The manufacturers are expanding their businesses by providing the best quality and varieties of edible products in the spray dried food industry and incorporating strategic initiatives such as M&As, partnerships, and collaborations.
For instance, in June 2022, General Mills acquired TNT Crust, a manufacturer of high-quality frozen pizza crusts for regional and national pizza chains, food service distributors, and retail outlets. TNT Crust was earlier a portfolio company of Peak Rock Capital.
The inflation has completely changed the market scenario for spray-dried food products as the prices have risen to a next level. It is also anticipated that the cumulative loss of purchasing power will severely affect developing economies, thus impacting the overall spray dried food industry.