The global freeze-dried fruits and vegetables market was valued at USD 8.21 billion in 2023. It is projected to expand from USD 8.75 billion in 2024 to USD 14.87 billion by 2032, reflecting a CAGR of 6.86% over the forecast period. Europe led the market with a dominant share of 93.4% in 2023.
The processed fruits and vegetables sector represents a significant and growing segment within the food and beverage industry. Its expansion is fueled by increasing urbanization, fast-paced lifestyles, and a rising preference for convenient, ready-to-eat food products. This sector includes various product types such as frozen, canned, dried, and juiced fruits and vegetables, catering to both retail and food service markets.
Information Source: https://www.fortunebusinessinsights.com/freeze-dried-fruits-and-vegetables-market-110443
Market Segmentation:
Freeze-Dried Fruits Segment to Witness Highest Growth Due to Expanding Application in Food Products
Based on type, the market is categorized into freeze-dried vegetables and freeze-dried fruits. The freeze-dried fruits segment is expected to grow at the highest CAGR during the analysis period, driven by its increasing usage in soups, snacks, breakfast cereals, confectionery, and bakery products.
Powder Segment to Experience Rapid Expansion Due to High Demand in the Food Service Industry
By form, the market is segmented into cuts & flakes, powder, and whole. The powder segment is set to exhibit the fastest growth, attributed to its rising demand in the food service and processing industries.
Household Segment to Grow Significantly, Driven by European Consumer Demand
Based on end-use, the market is divided into commercial and household. The household segment is anticipated to record the highest growth rate due to increased demand from European consumers who favor freeze-dried products for their convenience and nutritional benefits.
Online Distribution Channel to Expand Rapidly Due to Competitive Pricing Advantages
By distribution channel, the market is bifurcated into offline and online. The online segment is projected to grow at the fastest rate, supported by advantages such as doorstep delivery and cost-effective pricing offered by e-commerce platforms.
Geographically, the freeze-dried fruits and vegetables market has been analyzed across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.
Report Coverage:
The report highlights key factors driving market expansion and emerging trends. It provides an in-depth analysis based on type, form, end-use, and geography. Additionally, it covers strategic initiatives undertaken by leading market players to strengthen their market positions.
Market Drivers and Restraints:
Growing Awareness of Nutritional Benefits to Boost Market Growth
A 2020 study by the National Institute of Health indicates that freeze-drying preserves phenolics, anthocyanins, and antioxidant activity better than air drying. The process eliminates moisture without high temperatures, ensuring the retention of essential vitamins and minerals. Rising awareness of these nutritional benefits is expected to drive the market forward.
However, significant investments in storage facilities and infrastructure upgrades may pose challenges to market expansion.
Regional Insights:
Europe Leads Market Due to Rising Demand for Ready-to-Eat Foods
Europe dominates the freeze-dried fruits and vegetables market, driven by evolving consumer lifestyles and increasing demand for convenient food products.
Meanwhile, North America is poised for strong growth, supported by consumer preference for healthy and easy-to-prepare food options. According to the Food and Agriculture Organization, total product consumption in the region reached 148.48 million tons in 2021.
Competitive Landscape:
Key Players Invest in R&D to Align with Consumer Preferences
Major companies are adopting strategic initiatives, including research and development, to cater to growing consumer demand for convenient food products. Some of the leading players in the freeze-dried fruits and vegetables market include Berrifine A/S and Döhler GmbH.
List of Key Players Mentioned:
- Berrifine A/S (Denmark)
- Binder International (Germany)
- Chaucer Foods Ltd (U.K.)
- Döhler GmbH (Germany)
- European Freeze Dry (Denmark)
- Swastik Food (India)
- Fujian Lixing Foods Co., Ltd. (China)
- Aum Agri Freeze Foods (India)
- Paradise Fruits (Germany)
- Totally Pure Fruits Pty Ltd (Australia)
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/freeze-dried-fruits-and-vegetables-market-110443
Key Industry Development:
- December 2021 – Arbor Investments acquired Oregon Freeze Dry from Endeavour Capital. The acquisition was considered a strategic investment due to Oregon Freeze Dry's extensive scale and strong relationships with blue-chip clients.
Comments
0 comment