The global freeze-dried food market size is projected to witness significant growth over the next decade, driven by increasing consumer demand for convenient, nutrient-rich, and long-lasting food products. The market, valued at USD 28.4 billion in 2022, is expected to reach USD 54.8 billion by 2032, advancing at a robust CAGR of 6.8% during the forecast period.
Key Market Drivers:
- Increasing Demand for Packaged Foods: The growing preference for ready-to-eat meals and snacks among busy consumers is a major factor driving market growth for Freeze-dried foods, which are lightweight, easy to store, and retain their nutritional value, are becoming increasingly popular.
- Health and Nutritional Benefits: Freeze-dried foods are free from moisture, which makes them smaller and lighter, aiding in prolonged preservation without refrigeration. They offer high nutritional value, making them a preferred choice among health-conscious consumers.
- Expansion of the Food Processing Sector: The expansion of the food processing sector, coupled with technological advancements, is expected to contribute significantly to market growth.
Request Sample Report and Drive Impactful Decisions: https://www.futuremarketinsights.com/reports/sample/rep-gb-14595
Market Outlook (2017-2021 vs. 2022-2032): The demand for freeze-dried foods is anticipated to grow at a CAGR of 6.8% from 2022 to 2032, compared to a 4.5% CAGR observed between 2017 and 2021. This accelerated growth is attributed to rising consumer awareness about the health benefits of freeze-dried foods and the increasing adoption of natural ingredients in various food products.
Segment Analysis:
- Product Type: Freeze-dried fruits are expected to dominate the market, driven by their incorporation in breakfast cereals, snacks, and desserts. Products such as freeze-dried strawberries, raspberries, pineapples, apples, and mangoes are witnessing high demand due to their nutritional benefits and longer shelf life.
- Distribution Channels: The B2B segment is projected to see significant growth, supported by the expansion of the food and beverage sector. Bulk purchases by food manufacturers and processors will continue to drive sales in this segment.
Regional Insights:
- USA: The USA is expected to account for 80% of the North American freeze-dried food market by 2032, driven by a well-established food & beverage sector and growing consumer preference for healthy snacks.
- China: China is projected to dominate the East Asia market, fueled by the expansion of its food and beverage sector and abundant natural resources.
- Europe: Countries like Germany and the UK are witnessing a surge in demand for freeze-dried foods due to increasing health awareness and the rising popularity of natural food products.
Competitive Landscape: Leading companies in the freeze-dried food market are focusing on product innovation and expanding their product portfolios to cater to the evolving consumer preferences. Key players include Kerry Group Plc, European Freeze Dry, Paradise Fruits, Chaucer Freeze-Dried, SARAF Foods, Nestle SA, and The Kraft Heinz Co., among others.
Recent Developments:
- June 2022: European Freeze Dry launched a new range of complete meal solutions, including weight control meals and special dietary meals, aimed at addressing food intolerance, sports nutrition, and emergency preparedness.
- January 2023: Lamberti SPA acquired Aquatrols, aiming to consolidate its position in the market and leverage combined resources for greater market penetration.
Gain Immediate Access to Detailed Market Insights Purchase Now: https://www.futuremarketinsights.com/checkout/14595
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
