Air Dried Food Market size for B2C is expected to surpass USD 38 billion and for B2B is likely to cross USD 114 billion by 2026; according to a new research report by Global Market Insights Inc.
Changing dynamics of food industry will propel the product sales in upcoming years
Food industry is rapidly evolving and popularity of convenience foods & ready to eat meals is on the rise. Urbanization coupled with rising number of working individuals and time constraints are responsible for the downfall of prepared meals and surge of packaged foods consumption. Air dried foods are widely used in various packaged foods such as snacks, confectionaries, bakery goods, etc. Lifestyles changes and increasing disposable incomes of people have generated many growth opportunities for packaged foods. Branding, massive advertising campaigns and supportive government policies will propel the packaged food industry in upcoming years. These favorable trends will positively reflect in terms of product consumption over the forecast period.
Increasing awareness regarding healthy and nutritious food items will spur the industry growth in future
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Nowadays, people are adopting different diet plans and shifting towards nutrition rich foods in the wake of rising health issues. Air dried food offers plethora of health benefits, these foods are tasty as well as rich in terms of antioxidants, vitamins, minerals and fiber content. As large amount of water content is reduced during air drying, it significantly reduces the weight of food products thereby making them easy for storage and transportation. Moreover, these products are similar to natural foods without containing any additives, preservatives and artificial colors. These foods offer environment-friendly benefits as they minimize food spoilage leading to reduced wastage costs. These above mentioned factors will propel the air dried food market size during the forecast period.
High costs and lack of proper knowledge about the product may create adversity in the market by 2026
Processing necessities increase the overall production costs which may hinder product sales as price conscious customers may opt for less costly fresh food products. Many people are not familiar with the proper usage of product in formulation of delicious recipes. This lack of knowledge may negatively influence the industry growth in upcoming years.
Browse key industry insights spread across 383 pages with 458 market data tables & 34 figures & charts from the report, “Air Dried Food Market Size for B2C and B2B By Product (Fruits, Vegetables, Coffee Beans, Herbs, Meat), By Form (Powder & Granules, Chunks/Pieces, Flakes), By B2C Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retailers), By B2B End-user (Hotels & Restaurants, Bakery Chains, Pet Food, Processed Food), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026” in detail along with the table of contents:
Fruits segment will be the fastest growing segment in air dried food market between the forecast period. They are used in cakes, puddings and other bakery items for addition of extra flavor and taste. Meat is likely to cross 1,000 kilo tons by the end of 2026. Air dried meat is loaded with proteins and has low amount of fat & cholesterol. Chunks/pieces will clutch considerable share in the market over the forecast period owing to large number of applications in various dishes and recipes.
Convenience stores segment is expected to surpass USD 12,000 million by 2026, however its growth will be slow as compared to other segments due to limited range of product offerings. Online retailers will clutch over 10% of volume share between the projected time period. Consumer convenience and advent of technology will play pivotal role in the growth of online retailers in future. Better product showcasing, user-friendly interface, availability of many delivery options & discount offers will characterize the e-commerce in future. These trends assist in propelling the air dried food market growth by the end of forecast period.
Hotels & restaurants will cross 1,500 kilo tons during the forecast period. The product is widely used by many hotels and restaurants in the preparation of special dishes & meals. Pet food will surpass USD 6,000 million by 2026. Air dried pet foods are becoming widely popular as they safe, hygienic and easy to feed. In addition, these foods generally don’t require refrigeration and are full of essential nutrients.
Europe will be one of the key regions in air dried food consumption
Europe will lead the air dried food market between 2019 to 2026 owing to positive outlook of food & beverage industry. The regional food & beverage industry has major impact on Europe’s economy. The product sales will be driven by rising consumption of processed foods. Ready to eat meal kits made with air dried foods are easily available in many supermarkets, hypermarkets, convenience stores and other retail outlets in this region.
High degree of competition among small-scale players in the industry
The air dried food market is highly fragmented as the market has several small and medium scale producers. Nestle S.A., Mondelez International Inc., B-B Products (Australia) Pty Ltd., DMH Ingredients Inc., BCFoods, Berrifine A/S, Howenia Enterprise Co., Ltd., La Frubense, Milne Fruit Products, Inc., Saraf Foods Ltd., Seawind Foods, Van Drunen Farms, Thomas Creek Farms are some of the product manufacturers across the globe.