Market Size of India Spray Dried Food Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.84 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India Spray-Dried Food Market Analysis
The India Spray Dried Food Market size is expected to grow from USD 3.79 billion in 2023 to USD 4.80 billion by 2028, at a CAGR of 4.84% during the forecast period (2023-2028).
- The market is driven by the varied applications of spray-dried ingredients with their functional benefits in the food industry. The spray-dried food powders prepared using spray drying technology offer extended shelf life, reduced storage requirements, and lower cost of bulk packing.
- Furthermore, rising consumer awareness of health benefits from dietary consumption is another reason for increasing the consumption of spray-dried ingredients in the food service industry in India, as spray drying involves a shorter drying treatment time (90-120 seconds), with high efficiency compared to other conventional drying techniques, thus retaining the heat-sensitive nutrients in the food products. The growing desire for nutrient-rich foods and their numerous applications in many industries, particularly dairy or fruit, and vegetables, is the key factor driving the global market for spray-dried food.
- Furthermore, the market for spray-dried foods is also being driven by expanding prospects in the food and beverage industry, including the bakery, snack, and confectionery segments, as well as a growing extension of the shelf life of these items for extended periods. For instance, according to the United States Department of Agriculture (USDA) Foreign Agriculture Service (FAS), the production volume of skimmed milk power increased to 740 thousand metric tons in 2023 from 635 thousand metric tons in 2019. Thus, the growing consumption of dry-particulate foods is driving the demand for the spray-dried food market.
- However, the market is being constrained by factors including high initial capital requirements, high maintenance costs, and the availability of rival cutting-edge technologies like freeze drying and vacuum drying.