Market Size of Europe Freeze-Dried Fruits and Vegetable Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 8.24 Billion |
Market Size (2029) | USD 11.30 Billion |
CAGR (2024 - 2029) | 6.49 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Freeze-Dried Fruits & Vegetable Market Analysis
The Europe Freeze-Dried Fruits and Vegetable Market size is estimated at USD 8.24 billion in 2024, and is expected to reach USD 11.30 billion by 2029, growing at a CAGR of 6.49% during the forecast period (2024-2029).
Changing consumer lifestyles as well as rising disposable income in European countries is stimulating the growth of ready-to-eat and ready-to-drink products which is expected to drive the growth of the freeze-dried fruits and vegetable market. Furthermore, these quick meals offer convenience and save time in an increasingly hectic urban lifestyle as freeze-dried fruits & vegetables can be easily reconstituted by adding water, soaking in liquid, boiling in water, or cooking in liquid.
In addition, as consumer preferences change, the vegan and plant protein segment of freeze-dried food items is experiencing increased demand. In comparison to fresh food products, which must be frequently purchased in smaller quantities, freeze-dried goods have a longer shelf life and may be purchased in bigger quantities at one time to match busy work schedules. On account of technological advancement and awareness about the technology, manufacturers in the country are steadily adopting freeze-drying technology. Manufacturers embrace the technique as it allows them to freeze-dry foods without losing their aroma, flavor, or pigment while eliminating moisture. This resulted in increasing application of these products in various industries, hence increasing demand.
Similarly, the rising interest and participation of consumers in outdoor sports, owing to the awareness about health and wellness and increasing interest in expedition activities and adventures, also play a significant role in driving the sales of food products containing freeze-dried fruit and vegetable ingredients.