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Global Air Dried Food Market to Grow at a CAGR of 7.5% During 2022-2027, Aided by the Rising Demand for Processed Food

According to a new report by EMR titled, ‘Global Air Dried Food Market Report and Forecast 2022-2027’, the global market for air dried food attained a value of about USD 108.15 billion in 2021. The industry is further expected to grow at a CAGR of 7.5% in the forecast period of 2022-2027 to reach a value of approximately USD 166.92 billion by 2027.

Europe accounted for a significant share of the air dried food industry owing to the extensive demand for processed food in the region. As the majority of population in the region is working, the demand for ready-to-eat and convenient food products is significantly surging. The growing health-consciousness in the region is leading to a surge in the demand for air dried fruits and vegetables, which is significantly contributing to the industry growth. Moreover, the growing demand for exotic fruits, such as guavas and berries, among others, is increasing the consumption of them in the air dried form, thereby fuelling the growth of the air dried food industry. Meanwhile, the Asia Pacific region is witnessing robust growth, owing to the rising disposable income and the emergence of middle-class population. In addition, the expansion of distribution channels and the rising popularity of e-commerce platforms are escalating the accessibility to air dried food, hence providing further impetus to the market growth.

Some of the leading companies in the air dried food industry are Nestle S.A. (OTCMKTS: NSRGY) and Saraf Foods Pvt. Ltd. The latter company announced in July 2017 that it was expected to invest INR 60 crore in its Waghodia unit  in Vadodara. This would add capacities in air drying operations while bolstering innovations in the development of the air dried food. The company would also construct various new manufacturing facilities to meet the growing demand for air dried food in Europe and North America region. Such developments are significantly contributing to the growth of the market.

Market Analysis by Product, Application, Form, and Region:

  • The market, on the basis of product, can be divided into coffee beans, fruits and vegetables, herbs, and meat.
  • Based on application, the market is bifurcated into commercial and household.
  • The major forms of air dried food are powder and granules, chunks/pieces, and flakes.
  • The regional markets for air dried food include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for food products with enhanced shelf-stability is surging the use of air dried food in the food processing industry, hence propelling the market growth.
  • The market is being aided by the growing demand for ready-to-eat food with original flavours, which is increasing the demand for air dried food.
  • The growing deployment of air-drying technology owing to its energy-efficiency is surging the production of air dried food, thereby augmenting the market growth.
  • The use of sustainable and innovative materials in the packaging of air dried food is bolstering the growth of the industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for air dried food for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027)  markets for the products, applications, forms, and regions of air dried food.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global air dried food market  are Dehydrates Inc., Saraf Foods Pvt. Ltd., Berrifine A/S, La Frubense, BCFoods, Inc., Nestle S.A., and B-B Products (Australia) Pty Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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