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Global Freeze-Dried Food Market to Grow at a CAGR of 8% During 2021-2026, Aided by the Increasing Demand for Convenience Foods and the New Product Launches

According to a new report by EMR titled, ‘Global Freeze-Dried Food Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 8% between 2021 and 2026.

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.

Market Breakup by Product Type, Distribution Channel, and Region:

  • The market is segmented based on product type into freeze-dried fruits, freeze-dried vegetables, freeze-dried poultry, and freeze-dried meat and seafood, among others. While freeze-dried fruits are further segmented into strawberry, raspberry, pineapple, apple, and mango, among others, the freeze-dried vegetables are further segmented into peas, corn, carrot, potato, mushroom, and others, based on type.
  • Based on distribution channel, the market is divided into supermarkets and hypermarkets convenience stores, online stores, and others.  
  • Region-wise, the global market for freeze-dried food can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for freeze-dried food is being driven by the rising demand for convenience food products owing to the busy and hectic lifestyle of people and the growing innovations by the manufacturers.
  • The advancements in the field of lyophilisation and the geographic expansion by various freeze-drying equipment manufacturers are expected to further bolster the market growth. 
  • The increasing demand for freeze-dried food among health-conscious consumers as well as among enthusiasts going on adventure sports and expeditions is likely to aid the market growth. 
  • The expansion of supermarkets and hypermarkets and online channels, especially in the Asia Pacific, is anticipated to provide a further impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for freeze-dried food for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the product types, distribution channels, and regions of freeze-dried food.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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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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