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The global freeze-dried food market is witnessing a healthy growth owing to the busy and hectic lifestyle of people,which, in turn, is driving the demand for ready-to-eat and nutritious food products like freeze-dried foods. Fruits and vegetables are sensitive to heat and can lose their nutritional value over a period of time. As freeze-drying prevents food from spoiling while preserving its nutritional value, the demand for freeze-dried food is increasing. Furthermore, freeze-dried food is relatively contamination-free, which is likely to propel its demand over the forecast period.
The increasing innovations by the key players to enhance the existing portfolio and add new products to their range are expected to aid the industry growth in the coming years. For instance, in January 2017, European Freeze Dry launched a new offering under the brand Summit To Eat to expand its freeze-dried outdoor meals range. Moreover, the availability of a wide variety of freeze-dried food options through online channels like Amazon (NASDAQ: AMZN) and Alibaba (NYSE: BABA) are expected to enhance the sales of the product in the forecast period.
Region-wise, North America accounts for a significant share in the market owing to the presence of advanced food manufacturing facilities in the region. Further, the higher purchasing power of consumers and the increased demand for convenience food products are significantly driving the demand for freeze-dried foods in the region. Meanwhile, the Asia Pacific is expected to account for a significant share in the market owing to the increasing demand for food preservatives in the region.
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The major players in the global freeze-dried food market are Ajinomoto Co., Inc., Asahi Group Holdings, Ltd., Harmony House Foods Inc., and LYO FOOD Sp. z o.o., 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.
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