The global freeze-dried fruits & vegetables market size reached USD 8.21 billion in 2023. The market is slated to expand from USD 8.75 billion in 2024 to USD 14.87 billion by 2032, exhibiting a CAGR of 6.86% during the projection period.
Freeze-dried fruits & vegetables are being sought as healthier food options across various regions. The rising disposable income in developing economies and the expansion of the middle-class population are set to propel industry growth.
Fortune Business Insights™ provides this information in its research 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 Expand at the Highest CAGR Owing to Rising Usage in Various Food Products
On the basis of type, the market is classified into freeze-dried vegetables and freeze-dried fruits. The freeze-dried fruits segment is touted to surge at the highest CAGR over the analysis period. This is driven by the elevated usage of dried fruits in soups and snacks, breakfast cereal, confectionery products, and bakery products, among others.
Powder Segment to Depict Fastest Growth Due to Mounting Demand in Food Service Industry
Based on form, the market is fragmented into cuts & flakes, powder, and whole. The powder segment is anticipated to exhibit the fastest expansion owing to rising demand in the food service and food processing industries.
Household Segment to Gain Fast Growth with High Demand From European Consumers
On the basis of end-use, the market is subdivided into commercial and household. The household segment is anticipated to project the highest growth rate fueled by amplified demand from European households. Freeze-dried products has gained popularity owing to their convenience and nutritious options.
Online Segment to Surge at Fastest Rate Owing to Benefit of Competitive Pricing
By distribution channel, the market is divided into offline and online. The online segment is slated to depict the fastest growth driven by various benefits such as doorstep delivery and competitive pricing offered by e-commerce platforms.
On the basis of geography, the market for freeze-dried fruits & vegetables has been analyzed across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.
Report Coverage:
The report provides the major factors slated to drive industry expansion and an account of the key trends. It further presents an in-depth market analysis based on various segments. The market has been analyzed based on form, type, end-use, and geography. The prominent strategies deployed by leading companies to consolidate their market positions have also been mentioned in the report.
Drivers and Restraints:
Soaring Awareness Regarding Nutritional Benefits of Freeze-Dried Foods to Impel Industry Expansion
Compared to air drying, the process of freeze drying enhances the retention of phenolics, anthocyanins, and antioxidant activity, says a National Institute of Health study published in 2020. The process helps the removal of moisture without the usage of high temperature and maintaining minerals and vitamins in fresh produce. The soaring awareness regarding the nutritional benefits associated with freeze-dried products is anticipated to fuel freeze-dried fruits & vegetables market growth.
Nonetheless, the heavy investments associated with storage facilities and grid upgrades may create challenges for industry expansion.
Regional Insights:
Europe Emerges as Leading Market Owing to Mounting Demand for Ready-to-Eat Foods
Europe freeze-dried fruits & vegetables market share records a dominating position in the global market. The regional expansion is favored by changing consumer lifestyles and the soaring demand for ready-to-eat food products.
The growing consumer demand for convenient and healthy food options is anticipated to propel the expansion of the North American market. According to the Food and Agriculture Organization, the total product consumption stood at 148.48 million tons in 2021.
Competitive Landscape:
Leading Players Undertake R&D Activities to Meet Consumer Demand
Prominent companies are undertaking a range of strategic steps, including R&D activities. This is in light of the mounting consumer preference for convenience products. A few of the dominant companies in the freeze-dried fruits & vegetables market are 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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