In 2023, the global freeze-dried fruits and vegetables market revenue reached a value of USD 8.21 billion. The market is projected to grow from USD 8.75 billion in 2024 to USD 14.87 billion by 2032, reflecting a CAGR of 6.86% over the forecast period.
Freeze-dried fruits and vegetables are increasingly favored as healthy food options worldwide. Industry growth is driven by rising disposable incomes in developing economies and the expansion of the middle-class population.
This data is provided by Fortune Business Insights™ in its report, titled “Freeze-dried Fruits & Vegetables Market, 2024-2032.”
Information Source: https://www.fortunebusinessinsights.com/freeze-dried-fruits-and-vegetables-market-110443
List of Key Players Mentioned in the Report:
- 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)
Segmentation:
Freeze-Dried Fruits Segment to Grow at the Highest CAGR Due to Rising Applications in Food Products
Based on type, the market is divided into freeze-dried vegetables and freeze-dried fruits. The freeze-dried fruits segment is expected to grow at the highest CAGR during the forecast period, driven by increased use in soups, snacks, breakfast cereals, confectionery, and bakery products, among others.
Powder Segment to Experience Rapid Growth Due to Increasing Demand in Food Service
By form, the market is segmented into cuts & flakes, powder, and whole. The powder segment is projected to expand the fastest, supported by growing demand within the food service and food processing industries.
Household Segment to Register Fast Growth Due to High Demand from European Consumers
In terms of end-use, the market is categorized into commercial and household. The household segment is expected to grow the fastest, fueled by rising demand from European consumers who favor freeze-dried products for their convenience and nutritious benefits.
Online Segment to Grow at the Fastest Rate Due to Competitive Pricing
For distribution channels, the market is split into offline and online. The online segment is anticipated to grow at the fastest rate, benefiting from the convenience of doorstep delivery and competitive 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 outlines the primary factors expected to drive industry growth, along with key emerging trends. It offers a comprehensive analysis of the market across different segments, including form, type, end-use, and geography. Additionally, the report highlights prominent strategies employed by leading companies to strengthen their market positions.
Drivers and Restraints:
Soaring Awareness Regarding Nutritional Benefits of Freeze-Dried Foods to Impel Industry Expansion
A 2020 study by the National Institutes of Health indicates that freeze drying, compared to air drying, better preserves phenolics, anthocyanins, and antioxidant activity. This process effectively removes moisture without high temperatures, helping to maintain the minerals and vitamins in fresh produce. Growing awareness of the nutritional benefits of freeze-dried products is expected to drive growth in the freeze-dried fruits and vegetables market.
However, substantial investments required for storage facilities and grid upgrades may pose challenges to industry expansion.
Regional Insights:
Europe Emerges as Leading Market Owing to Mounting Demand for Ready-to-Eat Foods
The Europe freeze-dried fruits and vegetables market holds a dominant position in the global market, supported by shifting consumer lifestyles and a rising demand for ready-to-eat food products.
In North America, increasing consumer demand for convenient and healthy food options is expected to drive market growth. According to the Food and Agriculture Organization, total product consumption in the region reached 148.48 million tons in 2021.
Competitive Landscape:
Leading Players Undertake R&D Activities to Meet Consumer Demand
Prominent companies are implementing various strategic initiatives, including research and development activities, to address the growing consumer preference for convenience products. Notable players in the freeze-dried fruits and vegetables market include Berrfine A/S and Döhler GmbH.
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Key Industry Development:
December 2021 – Arbor Investments announced its takeover of Oregon Freeze Dry from Endeavour Capital. The company looks upon this acquisition as a compelling investment owing to its unmatched scale and long-term relationships with blue-chip clientele.
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