Freeze-dried Fruits & Vegetables Market size is forecast to exceed USD 130 billion by 2027, according to a new research report by Global Market Insights Inc.
Freeze dryers process high-volume products such as coffee beans and fruits & vegetables. They are fully automated and hence require minimum human intervention. The different components involved in the freeze-drying process include the cabinet, heating plates, vapor condensers, and cold store.
The freeze-drying process is expected to witness a plethora of opportunities in the coming years. Increasing research & development activities in vacuum and heating technologies coupled with increasing popularity of freeze-dried fruits & vegetables have led industry players to rely on technological advancements to develop new types of food products. The fragmented nature of this industry and ease of entrance are encouraging start-up organizations to invest in this field, resulting in more improvements in the process in order to scale up the model and enhance production to cater to the increasing demand.
The overall freeze-dried fruits & vegetables market has seen various technological innovations in the recent times. The use of microwave in freeze drying is a recent development in this field. This method reduces the drying time and keeps the product quality intact. The process of Microwave assisted Freeze Drying (MFD) is relatively new and is still used at a small scale for high value fruits & vegetables. High costs of generating microwave radiation at an industrial scale restricts the product usage in larger production facilities.
Browse key industry insights spread across 200 pages with 223 market data tables & 31 figures & charts from the report, “Freeze-dried Fruits & Vegetables Market Size By Product (Fruits, Vegetables, Coffee Beans), By Form (Powders & Granules, Chunks/Pieces, Flakes), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retailers]), Industry Analysis Report, Regional Outlook Industry Analysis Report, Regional Outlook, Application Growth Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Freeze-dried fruits segment is expected to showcase around 7% CAGR from 2021 to 2027 due to rising requirement for such products for preparing fruit juices and beverages, along with the increasing popularity of packaged freeze-dried fruits for direct consumption. Freeze-dried vegetables will exhibit a considerable growth owing to the ability of these products to preserve their nutritional content and taste over a longer duration.
The vegetable segment to hold significant share in freeze-dried fruits & vegetables market share
The growth in the freeze-dried vegetables can be credited to the ability of these vegetables to rehydrate quickly as compared to dehydrated vegetables. Moreover, these also make them ideal for portability as the process lowers the weight of the vegetables significantly. Additionally, the special characteristics of these vegetables to retain their nutritional quality and taste play a major role in enhancing the segment size over the study period.
Freeze-dried fruits & vegetables market participants are now focusing on offering their freeze-dried vegetables portfolio through online e-commerce portal and stores for catering to a wide customer base. For instance, North Bay Trading Co. offers a wide range of freeze-dried vegetables across varying price ranges with free shipping offers on certain orders. The vegetable segment held a market share of over 25% in 2020 and is projected to grow at a CAGR of over 7% between 2021 and 2027.
Asia Pacific to exhibit steady growth during the forecast period
Asia Pacific freeze-dried fruits & vegetables market will account for over 20% revenue share by 2027. This can be attributed to the rising demand for such products from the B2B sector. The increasing presence of companies across the region offering instant food solutions and products to customers is driving the regional demand over the projected timeframe. Moreover, the proliferation of e-commerce portals offering a wide range of food products to customers based on their convenience will further proliferate the product demand.
Freeze-dried fruits & vegetables industry players across the region are focusing on expanding their geographical presence to enhance their customer base and improve their market share. Moreover, supporting regulatory norms are playing a major role in enhancing the industry share.