Market Size of Spray Dried Food Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.11 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Spray Dried Food Market Analysis
The global spray dried food market is projected to register a CAGR of 4.11% in the forecasted period (2022 - 2027).
With the impact of COVID-19, the market scenario for spray-dried food products is completely changed with the increase in bulk purchases at the consumer's end and the need to increase the shelf-life of the natural food products at the manufacturers' end.
The global market for spray-dried food is mainly driven by the rising demand for ready-to-eat and convenience foods. Also, increasing opportunities in the food & beverage sector, including bakery, snacks, and confectionery segments, is another factor driving the spray-dried food market, along with an increasing extension of the shelf life of these products for prolonged periods.
However, the market faces a challenge such as high initial capital, maintenance cost, and availability of other advanced technologies, such as freeze drying and vacuum drying, which is restraining the market space.