360 Research Reports offers the latest published report on “Global Freeze Dried Food Market – Segmented by Type and Geography (2019 – 2023)” delivering key insights and providing a competitive advantage to clients through a detailed report.
Global Freeze Dried Food Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Freeze Dried Food market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.
Freeze Dried Food Market Segmentation by Major Players:
Nestle, Kerry, Unilever, Kraft Heinz, Mondelez International, Inc, Chaucer Freeze Dried, DSM, Novartis, Mercer Foods
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Overview of Freeze Dried Food Market Report:
The global freeze-dried product market is valued at USD 46.9 billion in 2016 and is expected to grow at a CAGR of 7.01% during the forecast period. Freeze-dried food is the best dehydrated food, due to its superior texture and sensory quality after rehydration. Companies such as Kellogg’s use freeze-dried ingredients (strawberries, banana, etc.) in their breakfast cereal products, giving rise to the freeze-dried ingredient market.
Expansion of Preserved Food Market
Primary factor driving the freeze dried food market is the superior quality of its products when compared to other drying technology products. The other factors driving the global freeze-dried food market are the expanding preserved food market, growing urbanization & increased number of working women, the superior product quality offered, and the convenience to the customer. The final product has an excellent shelf-life (up to 25 years) without any added preservative.
Increased shelf-life makes it a profitable product during its supply chain. Moreover, the ingredients retain their original shape, while being light-weight, which makes it convenient for transportation. In the developed regions such as North America and Europe, the application of freeze-dried ingredients in healthy snack items is growing at a fast rate which is another major driver for the market.
Technological advances in freeze-dried products, to explore super foods such as beetroot and elderberry, is the future spotlight of the market. The growing demand for additive-free and natural products is providing a good opportunity for the freeze-dried market. In the developing regions, there is a growing demand for traditional products such as miso soup in Japan, and instant foods. Targeting these product categories can prove to be potential benefits for the market.
The restraining factor for the market is the availability of other drying techniques such as spray drying, and fluid bed drying, which is relatively low-cost than freeze-drying. Freeze-drying equipment is comparatively costlier than other dryers, which is a major drawback for the small and medium scale industries.
Freeze-Dried Fruits Segment Leads the Market
The freeze-dried product market is segmented by the product type that includes freeze-dried fruits, vegetables, beverages, meat and sea food, dairy products, and prepared foods. The freeze-dried fruits market holds the largest share in the freeze-dried product market, which is followed by vegetables, beverages and meat. The freeze-dried fruit segment accounted for almost a 31.7% share of the total of freeze-dried food market in 2016. This segment is expected to grow at 7.4% CAGR during the forecast period.
Fruits and vegetables are heat sensitive products, which are more prone to loss of vitamins and minerals when exposed to high temperature. Freeze-drying technology preserves necessary vitamins and antioxidants during dehydration, which increases its importance among the drying techniques. Freeze-dried beverages are further segmented into tea, coffee, and fruit beverages. The freeze-dried prepared food segment includes freeze-dried soups and prepared meals. This sub-segment is growing at a fast rate due to the excellent nutrition and sensory quality, apart from its instant cooking ability.
Europe and U.S are the Potential Markets
North America freeze dried food market holds the largest market share in the freeze-dried product market with a wide range of innovative food preservation technologies. The United States is the largest freeze-dried food market in North America, holding almost 55% share of the overall freeze-dried food market in the region. Developing regions, such as the Asia-Pacific, are growing at a swift pace due to their fast-growing economies and changing lifestyles. South America and Asia-Pacific are the fastest growing markets due to the increased pharmaceutical and food industries in the regions.
• September 2017: Nestlé has acquired a majority stake in Blue Bottle Coffee, a high-end specialty coffee roaster and retailer based company in Oakland, California.
• March 2017: OFD Foods to open new freeze-dried food plant in New York.
Major Players: NESTLE, KERRY, UNILEVER, KRAFT HEINZ, MONDELEZ INTERNATIONAL, Inc, CHAUCER FREEZE DRIED, DSM, NOVARTIS, MERCER FOODS
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Important factors that are mentioned in the Freeze Dried Food Market report 2023…
Key Market Dynamics: The Global Freeze Dried Food Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
Key Market Highlights: The report gives us an in-depth Market analysis on some of the Freeze Dried Food Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
Potential Customers: The Freeze Dried Food Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the Freeze Dried Food market.