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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.
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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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