Market Size of Freeze Dried Fruits and Vegetables Industry
Study Period | 2018 - 2029 |
Market Size (2024) | USD 38.51 Billion |
Market Size (2029) | USD 53.02 Billion |
CAGR (2024 - 2029) | 6.60 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Freeze Dried Fruit and Vegetables Market Analysis
The Freeze Dried Fruits and Vegetables Market size is estimated at USD 38.51 billion in 2024, and is expected to reach USD 53.02 billion by 2029, growing at a CAGR of 6.60% during the forecast period (2024-2029).
Over the medium term, expanding food-processing sector and the huge demand for ready-to-eat or convenience food products, among consumers, have considerably increased in recent years, owing to the busy work lifestyle and increased number of the working population. This, in turn, has led to an increase in the demand for freeze-dried fruits and vegetables to be used in snacks, soups, dressings, and bakery and confectionery products. For instance, in Japan and European countries, traditionally, the bakery sector has been the main consumer of freeze-dried fruits. However, over the years, the application of freeze-dried fruits has paved its way in different end-user industries, such as fruity granola cereal, energy bars, and healthy snacks, including trail mix.
Moreover, the ease of processing heat-sensitive food products, like fruits and vegetables, and providing them with a prolonged shelf life without hampering the original properties are the major driving factors for the global freeze-dried fruits and vegetable market. Similarly, the rising interest and participation of consumers in outdoor sports are driving market sales. For instance, in 2020, 53% of Americans ages 6 and over participated in outdoor recreation at least once. Furthermore, owing to rising awareness about health and wellness and increasing interest in expedition activities and adventures is playing a significant role in driving the sales of food products containing freeze-dried fruit and vegetable ingredients.