Market Size of Freeze-Dried Food Industry
|2019 - 2029
|Base Year For Estimation
|Fastest Growing Market
*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.