Market Size of Asia-Pacific Freeze-Dried Food Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 0.98 Billion |
Market Size (2029) | USD 1.53 Billion |
CAGR (2024 - 2029) | 9.20 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Freeze Dried Product Market Analysis
The Asia-Pacific Freeze-Dried Food Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.53 billion by 2029, growing at a CAGR of 9.20% during the forecast period (2024-2029).
In the short term, the expanding food-processing sector and huge demand for ready-to-eat or convenience food products among consumers are anticipated to drive the market studied. Moreover, the increasing consumer awareness about the ill effects of artificial food additives used for food preservation is expected to fuel the demand for natural and healthy food products. More consumers in the country are opting for freeze-dried fruits, yogurt melts, snack fruit, vegetable crisps, vegetable powders, and instant soup mixes, thereby driving the market in the region.
Due to the increase in urbanization and lifestyle changes, consumers prefer their food to be easy to cook and carry. Food service restaurants and cafes mostly use freeze-dried products like fruits vegetables, meat, prepared meals, and other frozen foods. Due to the increase in tourism in the region, the business of food service restaurants is also increased, which in turn increased the market for freeze-dried food. The growing product knowledge in the region, due to the constant presence of freeze-dried food in the local market, is also enabling more consumers to purchase the products, thus, driving the freeze-dried food market.