Market Size of Freeze-Dried Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.35 % |
| Fastest Growing Market | Asia |
| Largest Market | North America |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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 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.
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| Pet Food |
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Freeze-Dried Food Market Size Summary
The freeze-dried food market is experiencing significant growth, driven by increasing consumer demand for convenient and healthy food options. As urbanization and busy lifestyles become more prevalent, consumers are seeking easy-to-cook meals that do not compromise on nutrition. This trend is further supported by the expanding food-processing sector and a growing preference for ready-to-eat products. The market is also benefiting from a rise in culinary tourism, which has boosted the use of freeze-dried ingredients in food service establishments. Innovations in freeze-drying techniques, such as the preservation of heat-sensitive products, are enhancing the appeal of these foods. Companies are responding to consumer preferences by introducing natural and clean-label products, which are free from artificial additives and preservatives, thereby maintaining the nutritional integrity of the food.
The Asia-Pacific region is witnessing rapid expansion in the freeze-dried food market, fueled by an increasing appetite for processed and ready-to-eat meals. The region's growing internet penetration and the popularity of online grocery shopping are further propelling market growth. Consumers in this region are increasingly interested in healthy, innovative products that align with their busy lifestyles, providing a lucrative opportunity for manufacturers. The global market is highly competitive, with major players like Nestle SA, European Freeze Dry, and Ajinomoto Co. Inc. leveraging product innovations, strategic partnerships, and mergers to strengthen their market presence. These companies are expanding their product offerings and enhancing their visibility through both online and offline channels, ensuring they meet the diverse needs of consumers worldwide.
Freeze-Dried Food Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Participation in Adventure Sports and Expedition
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1.1.2 Suitability of Freeze-dried Technique For Heat Sensitive Food Products
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1.2 Market Restraints
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1.2.1 High Costs Associated with Freeze-Drying Technology
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Fruits
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2.1.1.1 Strawberry
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2.1.1.2 Raspberry
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2.1.1.3 Pineapple
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2.1.1.4 Apple
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2.1.1.5 Mango
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2.1.1.6 Other Fruits
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2.1.2 Vegetables
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2.1.2.1 Pea
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2.1.2.2 Corn
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2.1.2.3 Carrot
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2.1.2.4 Potato
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2.1.2.5 Mushroom
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2.1.2.6 Other Vegetables
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2.1.3 Freeze-dried Meat and Seafood
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2.1.4 Freeze-Dried Beverages
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2.1.5 Freeze-Dried Dairy Products
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2.1.6 Prepared Meals
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2.1.7 Pet Food
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2.2 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Stores
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2.2.4 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 Italy
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2.3.2.3 Russia
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2.3.2.4 Germany
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2.3.2.5 France
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2.3.2.6 United Kingdom
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Freeze-Dried Food Market Size 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.
