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Global Freeze-Dried Fruit Powder Market to Grow at a Steady Pace During 2021-2026, Aided by the Growing Fruit Powder Industry

According to a new report by EMR titled, ‘Global Freeze-Dried Fruit Powder Market Report and Forecast 2021-2026’, the market is being aided by the fruit powder industry, which is expected to grow at a CAGR of 4% between 2021 and 2026.

The global freeze-dried fruit powder industry is being driven by the thriving infant food sector across the globe. The increasing consumer demand for clean label food along with high nutritional infant food has significantly boosted the growth of the industry. The market is also being supported by the rising use of raspberry as a stabiliser for ice-cream. In developed countries like the United Kingdom, the demand for clean label food has significantly contributed to market expansion. Further, the increased penetration of the leading companies in the region is also aiding the industry growth.

The growing focus of the leading players on expanding their presence across the key developing markets and strengthening their distribution channel is expected to significantly boost the industry growth over the forecast period. Chaucer Foods, one of the leading players in the industry, is a producer of freeze-dried fruits, vegetables, pulses, and other food products. In December 2016, the company was acquired by a Japanse instant and freeze-dried food company Nagatanien Holdings Co Ltd (TYO: 2899) for USD 120 million. The deal with Nagatanien has allowed Chaucer to expand into new and existing global markets. Moreover, the new product launches by the leading consumer packaged goods (CPG) companies like Unilever plc (NYSE: UL) and Kraft Heinz Co (NASDAQ: KHC) to fulfill the rising demand for premixed and instant foods are expected to significantly drive the demand for freeze-dried fruit powder in the forecast period.
 
Market Breakup by Type, Application, and Region:

  • The market is segmented based on type into strawberry, cherry, apple, banana, orange, mango, and others. 
  • On the basis of application, the market can be divided into infant foods, beverages, confectionery, and bakery and desserts, among others. 
  • Region-wise, the global market for freeze-dried fruit powder 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 fruit powder is being driven by the growing consumer demand for natural and nutritious food products, particularly infant foods. 
  • The increasing consumer preference for clean labelled food products with rising health concern has significantly contributed to the market expansion.  
  • The rising demand for ice-cream stabilisers, particularly in developing nations, are also aiding the industry growth.  
  • The rising consumer disposable incomes and the increasing demand for premixed and packaged food products are further boosting the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for freeze-dried fruit powder for the periods (2016-2020) and (2021-2026).  
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the types, application, and major regions of freeze-dried fruit powder. 
  • 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 fruit powder market are Kanegrade Limited, Chaucer Foods Ltd, Watershed Foods, Inc., Paradise Fruits Solutions GmbH & Co. KG, and Saipro Biotech Private Limited, 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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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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