Freeze Dried Food Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.35 % |
| Fastest Growing Market | Asia |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp "Freeze-Dried Food Market Major Players"){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Freeze Dried Food Market Analysis
The freeze-dried food market size is estimated at USD 2.98 billion in 2023 and is expected to reach USD 4.45 billion by 2028, registering a CAGR of 8.35% during the forecast period (2023-2028).
- Consumers nowadays have become more conscious of their health and well-being. Due to rapid urbanization and busy lifestyles, consumers prefer easy-to-cook and convenient food options, driving the demand for freeze-dried food products. Food service restaurants and cafes mostly use freeze-dried products, such as fruits and vegetables. With the rise of culinary tourism worldwide, the business of food service restaurants has also increased, influencing the market positively.
- Over the short term, the expanding food-processing sector and massive demand for ready-to-eat (RTE) food products among consumers are anticipated to drive the market. Moreover, the increasing consumer awareness about the negative health impacts of artificial food additives used for food preservation is expected to fuel the demand for natural and healthy food products. Freeze-dried products do not contain additional nutrients, which help preserve the nutrients present in the products. Additionally, the market players are using freeze-drying techniques for products that are heat-sensitive and require longer preservation.
- For instance, in August 2021, Advik Foods expanded its portfolio by launching a range of freeze-dried milk powder, namely Donkey Milk Powder, Frozen Camel milk, and Frozen goat milk. Such innovations are anticipated to create a positive outlook for the market during the study period.
Freeze Dried Food Market Trends
Growing Demand for Clean-Label Products
- The demand for freeze-dried food products is highly prevalent in a few categories, such as bakery products, cereal products, fruit snacks, and vegetable snacks. In the bakery industry, freeze-dried fruits are used in whipped creams and frosting. Freeze-dried fruits are also widely used in dessert decoration and for providing color and flavor to finished products. Due to the ever-increasing demand for clean-label healthy snacking food options, market players are launching vegan, gluten-free, and all-natural products. For instance, in June 2021, Texas-based Sow Good Inc. announced the launch of its first product line of freeze-dried fruit and vegetable snacks and smoothies.
- The product line includes six ready-to-make smoothies and nine snacks, of which the smoothie lineup features a mix of new and familiar flavors, including acai relief (acai and blueberry), mint to be (banana, coconut, and mint), and berry-appealing (banana and strawberry). In contrast, the packaged snack lineup includes single-ingredient fruits and vegetables, such as cherries, edamame, and apples.
- Furthermore, consumers' growing concerns about the long-term effects of their products related to nutrition content, health impact, environmental sustainability, sourcing, and social responsibility are creating the demand for clean-label freeze-dried food products. Besides this, with consumers shifting their preference toward frozen meals and products due to busy lifestyles and increasing disposable income, the demand for freeze-dried food will likely increase shortly.
Asia-Pacific is the Fastest Growing Region
- The freeze-dried food market in Asia-Pacific is experiencing rapid expansion due to the increasing consumption of processed food and rising preference for ready-to-eat meals. Such factors make Asia a potential freeze-dried food product market. Thus, players are capitalizing on this trend to attract a broader consumer base in the region. The increasing internet penetration in the region and the rising trend of purchasing groceries through online distribution channels are expected to increase the demand for freeze-dried ready meals.
- Moreover, consumers' interest in healthy and innovative products formulated with wholesome ingredients that fit their busy lifestyles provides an excellent platform for manufacturers to expand their businesses in the region. For instance, In 2021, Tyson Foods Inc. launched a new line of plant-based products in select retail markets and e-commerce across the Asia-Pacific under the brand First Pride to introduce a range of frozen products, including Bites, Nuggets, and Strips.
Freeze Dried Food Industry Overview
The global freeze-dried food market is highly competitive owing to the presence of multiple regional and multinational companies offering a wide range of products and focusing on maintaining their position in the market. Major players in the market include Nestle SA, European Freeze Dry, Ajinomoto Co. Inc., Asahi Group Holdings Ltd., and OFD Foods LLC. These players hold a significant share of the market by adopting business strategies, including product innovations, partnerships, strengthening hold over online and offline marketing, and mergers & acquisitions to expand their visibility and portfolio of offerings.
Freeze Dried Food Market Leaders
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European Freeze Dry
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Asahi Group Holdings Ltd
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Ajinomoto Co. Inc
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Nestlé S.A.
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OFD Foods LLC
*Disclaimer: Major Players sorted in no particular order
Freeze Dried Food Market News
- May 2023: Blue Bottle Coffee joined forces with The Weekend to unveil Samra Origins Coffee. Samra Origins is an Ethiopian coffee variety boasting a medium-to-dark roasted aroma, crafted using advanced freeze-drying technology.
- June 2022: Conagra Brands introduced an exciting array of new product innovations for the summer season. These innovations aim to address mealtime challenges, cater to cravings, and showcase contemporary flavors, trendy ingredients, and convenient preparation methods.
- April 2022: The renowned Indian brand Prasuma, renowned for its frozen food offerings, expanded its frozen food line by introducing a range of frozen snack products. The newly introduced items include Frozen Veg and Chicken Spring Rolls, frozen veg and chicken spring rolls, frozen chicken nuggets, chicken and veg mini samosas, chicken and mutton shammi kababs, sheekh kababs, and bacon, all adding to its diverse frozen snacks portfolio.
Freeze Dried Food Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Participation in Adventure Sports and Expedition
- 4.1.2 Suitability of Freeze-dried Technique For Heat Sensitive Food Products
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4.2 Market Restraints
- 4.2.1 High Costs Associated with Freeze-Drying Technology
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Fruits
- 5.1.1.1 Strawberry
- 5.1.1.2 Raspberry
- 5.1.1.3 Pineapple
- 5.1.1.4 Apple
- 5.1.1.5 Mango
- 5.1.1.6 Other Fruits
- 5.1.2 Vegetables
- 5.1.2.1 Pea
- 5.1.2.2 Corn
- 5.1.2.3 Carrot
- 5.1.2.4 Potato
- 5.1.2.5 Mushroom
- 5.1.2.6 Other Vegetables
- 5.1.3 Freeze-dried Meat and Seafood
- 5.1.4 Freeze-Dried Beverages
- 5.1.5 Freeze-Dried Dairy Products
- 5.1.6 Prepared Meals
- 5.1.7 Pet Food
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5.2 Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience Stores
- 5.2.3 Online Stores
- 5.2.4 Other Distribution Channels
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 Italy
- 5.3.2.3 Russia
- 5.3.2.4 Germany
- 5.3.2.5 France
- 5.3.2.6 United Kingdom
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Positioning Analysis
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6.3 Company Profiles
- 6.3.1 Nestlé S.A.
- 6.3.2 Ajinomoto Co. Inc.
- 6.3.3 Asahi Group Holdings Ltd
- 6.3.4 Harmony House Foods Inc.
- 6.3.5 Lyofood Sp. z o.o.
- 6.3.6 European Freeze Dry
- 6.3.7 Mercer Foods LLC
- 6.3.8 OFD Foods LLC
- 6.3.9 Steele Brands (Crispy Green Inc.)
- 6.3.10 Nuts.com
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Freeze Dried Food Industry Segmentation
Freeze-drying is a relatively recent method of preserving food. It involves freezing the food, removing the moisture in a vacuum chamber, and sealing it in an airtight container. Freeze-dried food can be easily transported at average temperatures, stored for an extended period, and consumed with minimal preparation.
The freeze-dried food market is segmented by product type, distribution channel, and geography. The market is segmented by product type into fruits, vegetables, frozen-dried meat and seafood, frozen-dried beverages, frozen-dried dairy products, prepared meals, and pet food. The market is further segmented by fruits into strawberry, raspberry, pineapple, apple, mango, and other fruits. By vegetables, the market is further segmented into pea, corn, carrot, potato, mushroom, and other vegetables. By distribution channel, the market studied is segmented into supermarkets/hypermarkets, convenience stores, online stores, and other distribution channels. By geography, the market is segmented into North America, Europe, South America, Asia-Pacific, Middle-East, and Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Product Type | Fruits | Strawberry |
| Raspberry | ||
| Pineapple | ||
| Apple | ||
| Mango | ||
| Other Fruits | ||
| Product Type | Vegetables | Pea |
| Corn | ||
| Carrot | ||
| Potato | ||
| Mushroom | ||
| Other Vegetables | ||
| Product Type | Freeze-dried Meat and Seafood | |
| Freeze-Dried Beverages | ||
| Freeze-Dried Dairy Products | ||
| Prepared Meals | ||
| Pet Food | ||
| Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Online Stores | ||
| Other Distribution Channels | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| Italy | ||
| Russia | ||
| Germany | ||
| France | ||
| United Kingdom | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Freeze Dried Food Market Research FAQs
What is the current Freeze-Dried Food Market size?
The Freeze-Dried Food Market is projected to register a CAGR of 8.35% during the forecast period (2024-2029)
Who are the key players in Freeze-Dried Food Market?
European Freeze Dry, Asahi Group Holdings Ltd , Ajinomoto Co. Inc, Nestlé S.A. and OFD Foods LLC are the major companies operating in the Freeze-Dried Food Market.
Which is the fastest growing region in Freeze-Dried Food Market?
Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Freeze-Dried Food Market?
In 2024, the North America accounts for the largest market share in Freeze-Dried Food Market.
What years does this Freeze-Dried Food Market cover?
The report covers the Freeze-Dried Food Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Freeze-Dried Food Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the target markets for freeze-dried food products?
The target markets for freeze-dried food products are a) Camping enthusiasts b) Emergency preparedness c) Travelers, and potential for military rations or space food
Freeze Dried Food Industry Report
The global freeze-dried food market is poised for significant growth, influenced by a rising consumer preference for convenience through ready-to-eat meals and packaged products. With busy lifestyles prompting a shift towards easy dining solutions, freeze-dried fruits and vegetables are witnessing robust demand in various food segments including breakfast cereals, desserts, and snacks. These products are favored for their extended shelf life and preserved nutritional integrity. Additionally, the growth of culinary tourism and a growing demand for clean-label products are enhancing the market presence of freeze-dried foods in the food service sector. As a freeze dried food company might note, North America and Asia-Pacific are instrumental regions, with the latter expected to see substantial growth driven by increased processing food consumption and a surge in online grocery shopping. The overall expansion of the food-processing sector worldwide is set to stimulate further market growth, with a heightened awareness of health and preference for natural products over artificial additives. For an in-depth analysis of market dynamics and a forecast outlook, get a deeper insight into this with a sample industry analysis available for free download.
