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Global Freeze Drying Equipment Market Size, Share, Growth, Forecast: By Product: Dryer, Accessories; By Scale of Operation: Industrial Scale Freeze Dryer, Laboratory Scale Freeze Dryer, Pilot Scale Freeze Dryer; By Application: Biotechnology, Food Processing, Pharmaceuticals, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Freeze Drying Equipment Market Outlook
The global freeze drying equipment market size reached approximately USD 2.46 billion in 2023. The market is further projected to grow at a CAGR of 9.3% between 2024 and 2032, reaching a value of USD 5.47 billion by 2032.
Key Trends in the Market
Freeze drying equipment, also known as lyophilisation equipment are used for removing moisture from products to preserve its properties and structure. The freeze drying process extends the shelf life of the product and makes the transportation process more convenient.
- Advancements in the freeze drying equipment technology such as development of equipment with data management software, control systems, and monitoring sensors are improving their overall performance, automation capabilities, and efficiency. Thus, resulting in an increased freeze drying equipment market demand across the globe.
- The requirement for freeze drying equipment for preservation of various food products such as meat, herbs, fruits and vegetables, food flavourings, coffee, and ice creams are rising. This increased requirement can be attributed to their ability to prolong the shelf life of the food products.
- Demand for freeze drying equipment from pharmaceutical sector is increasing owing to their wide applications in the formulation of vaccines and drugs. Factors including increasing expenditure on healthcare and growing geriatric population are responsible for boost in demand for vaccines, biologics, and drugs, among others.
Global Freeze drying equipment Market Analysis
Based on product, the market is divided into dryer and accessories. By scale of operation, the market is categorised into industrial scale freeze dryer, laboratory scale freeze dryer, and pilot scale freeze dryer. On the basis of application, the market is classified into biotechnology, food processing, pharmaceuticals, and surgical procedures, among others. Based on region, the freeze drying equipment market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Thermo Fisher Scientific Inc.
- GEA Group Aktiengesellschaft
- Azbil Corporation
- Tofflon Science and Technology Co., Ltd.
- Labconco Corporation
- Cuddon Freeze Dry
- HOF Sonderanlagenbau GmbH
- Martin Christ Gefriertrocknungsanlagen GmbH
- Millrock Technology, Inc.,
- Harvest Right, LLC.
- OPTIMA packaging group GmbH
- Others
Market Share by Application
Food processing applications account for a significant freeze drying equipment market share owing to the rising requirement of the equipment for preservation of food products. The utilisation of freeze drying equipment helps in retaining the flavour as well as the nutritional value of the food products, thus extending their shelf life. The ability of the equipment to cause very little cell damage while maintaining the original shape and size of the food is yet another major factor for the increased demand for food processing applications across the globe.
Market Share by Region
North America holds a significant share of the market owing to changing food preferences of the consumers and presence of strict food safety and security regulations in the region. The increased demand for easy and quick meals due is another major factor boosting the requirement for freeze drying equipment in North America.
Additionally, rising investments on the research and development activities in the pharmaceutical sector along with increased healthcare spending and emergence of biosimilars and biologics is supporting the freeze drying equipment market growth in Europe.
Competitive Landscape
Thermo Fisher Scientific Inc. was founded in 1956 and is headquartered in Massachusetts, United States. The company supplies medical equipment, reagents and consumables, and analytical instruments, among other software and services to help tackle complex analytical challenges in various laboratories.
GEA Group Aktiengesellschaft was established in 1881 and has its headquarters located in Düsseldorf, Germany. The company supplies systems and components to pharmaceuticals and food and beverage industries across the globe.
Azbil Corporation is an automation machinery manufacturing company that was founded in 1906 and is headquartered in Tokyo, Japan. The company specialises in building automation, factory automation, digital transformation, and industrial automation, among others.
Other freeze drying equipment market players include Tofflon Science and Technology Co., Ltd., Labconco Corporation, Cuddon Freeze Dry, HOF Sonderanlagenbau GmbH, Martin Christ Gefriertrocknungsanlagen GmbH, Millrock Technology, Inc., Harvest Right, LLC., and OPTIMA packaging group GmbH, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Scale of Operation |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Freeze Drying Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Freeze Drying Equipment Historical Market (2018-2023)
8.3 Global Freeze Drying Equipment Market Forecast (2024-2032)
8.4 Global Freeze Drying Equipment Market by Product
8.5 Dryer
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Tray Style Freeze Dryers
8.5.1.3.2 Manifold Freeze Dryers
8.5.1.3.3 Rotary Freeze Dryers
8.6 Accessories
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Breakup by Type
8.6.1.3.1 Drying Chamber
8.6.1.3.2 Vacuum System
8.6.1.3.3 CIP (Clean-in-Place) System
8.6.1.3.4 Others
8.7 Global Freeze Drying Equipment Market by Scale of Operation
8.7.1 Industrial Scale Freeze Dryer
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Laboratory Scale Freeze Dryer
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Pilot Scale Freeze Dryer
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Freeze Drying Equipment Market by Application
8.8.1 Biotechnology
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Food Processing
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Pharmaceuticals
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Surgical Procedures
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Others
8.9 Global Freeze Drying Equipment Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Freeze Drying Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Freeze Drying Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Freeze Drying Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Freeze Drying Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Freeze Drying Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Thermo Fisher Scientific Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 GEA Group Aktiengesellschaft
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Azbil Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Tofflon Science and Technology Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Labconco Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Cuddon Freeze Dry
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 HOF Sonderanlagenbau GmbH
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Martin Christ Gefriertrocknungsanlagen GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Millrock Technology, Inc.,
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Harvest Right, LLC.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 OPTIMA packaging group GmbH
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Freeze Drying Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Freeze Drying Equipment Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Freeze Drying Equipment Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Freeze Drying Equipment Historical Market: Breakup by Scale of Operation (USD Billion), 2018-2023
5. Global Freeze Drying Equipment Market Forecast: Breakup by Scale of Operation (USD Billion), 2024-2032
6. Global Freeze Drying Equipment Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Freeze Drying Equipment Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Freeze Drying Equipment Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Freeze Drying Equipment Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Freeze Drying Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Freeze Drying Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Freeze Drying Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Freeze Drying Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Freeze Drying Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Freeze Drying Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Freeze Drying Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Freeze Drying Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Freeze Drying Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Freeze Drying Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Freeze Drying Equipment Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 2.46 billion in 2023.
The market is projected to grow at a CAGR of 9.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.47 billion by 2032.
The major market drivers include rising investments towards development of freeze drying equipment with advanced features and increasing requirement to extend the shelf life of the food products.
The key trends fuelling the growth of the market include rising demand from pharmaceutical sector and increasing demand for easy and quick meals.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant products available in the market include dryer and accessories.
The key players in the market are Thermo Fisher Scientific Inc., GEA Group Aktiengesellschaft, Azbil Corporation, Tofflon Science and Technology Co., Ltd., Labconco Corporation, Cuddon Freeze Dry, HOF Sonderanlagenbau GmbH, Martin Christ Gefriertrocknungsanlagen GmbH, Millrock Technology, Inc., Harvest Right, LLC., and OPTIMA packaging group GmbH, among others.
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