Freeze Dried Food Market Size
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 2.67 Billion |
| Market Size (2028) | USD 4.07 Billion |
| CAGR (2023 - 2028) | 8.82 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*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 2.67 billion in 2023, and is expected to reach USD 4.07 billion by 2028, growing at a CAGR of 8.82% during the forecast period (2023-2028).
Consumers these days are more aware of their health and well-being. Due to the increase in urbanization and lifestyle changes, consumers prefer their food to be easy to cook and carry. Food service restaurants and cafes mostly use freeze-dried products like fruits and vegetables. Due to the increase in tourism worldwide, the business of food service restaurants is also increased, which in turn increased the market for freeze-dried products. Consumers are attracted to freeze-dried products as they are easy to store, handle, and take minimum time to prepare.
Over the short term, the expanding food-processing sector and massive demand for ready-to-eat or convenience food products among consumers are anticipated to drive the market. Moreover, the increasing consumer awareness about the side effects 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 have any additional nutrients, and they preserve the nutrients present in the products. Additionally, the market players are using freeze-drying techniques for products that are heat sensitive, and the incorporation of freeze-drying techniques in several food products for longer preservation and convenient consumption is considered the best option. In August 2021, Advik Foods expanded its portfolio with the launch of freeze-dried milk powder, i.e., Donkey Milk Powder, Frozen Camel milk, and Frozen goat milk.
Freeze Dried Food Market Trends
This section covers the major market trends shaping the Freeze-Dried Food Market according to our research experts:
Demand for Clean-Label Freeze Dried Food Products
The demand for freeze-dried food products is highly prevalent in a few categories, such as bakery products, cereal products, fruit snacks, and vegetable snacks. In the bakery industry, freeze-dried fruits are used in whipped creams and frosting. Freeze-dried fruits are also widely used in dessert decoration and give color and flavor to the finished products. Healthy snacking is a growing trend. Due to the ever-increasing demand for clean-label freeze-dried food products, market players continuously focus on producing vegan, gluten-free, and all-natural food products.
Furthermore, consumers' growing concerns about the long-term effects of the products they consume in terms of nutrition content and their impact on health, environmental sustainability, sourcing, and social responsibility have fueled demand for clean-label products, including clean-label freeze-dried food products. Also, due to an increase in busy lifestyles and disposable income, consumers are shifting toward frozen meals and products. For instance, in June 2021, Texas-based Sow Good Inc. announced the launch of its first product line of freeze-dried fruit and vegetable snacks and smoothies. The product line includes six ready-to-make smoothies and nine snacks, of which the smoothie lineup features a mix of new and familiar flavors, including acai relief (acai and blueberry), mint to be (banana, coconut, and mint), and berry-appealing (banana and strawberry). In contrast, the packaged snack lineup includes single-ingredient fruits and vegetables, such as cherries, edamame, and apples.
Asia-Pacific is the Fastest Growing Region
The freeze-dried food market in Asia-Pacific is experiencing rapid expansion due to the increasing consumption of processed food and rising preference for ready-to-eat meals, owing to the rising trend of on-the-go lifestyles of consumers. Such factors make Asia a potential market for freeze-dried foods, and thus, manufacturers are exploring this trend to attract young Asian consumers. The increasing internet penetration in the region and the rising trend of purchasing groceries through online distribution channels are expected to increase the demand for freeze-dried ready meals. Chinese consumers' interest in healthy and innovative products formulated with Chinese ingredients, which fit in their busy lifestyles, provides a great platform for foreign retail manufacturers to expand their businesses in the country. For instance, In 2021, Tyson Foods Inc. launched a new line of plant-based products in select retail markets and e-Commerce across the Asia-Pacific under the brand First Pride, which will introduce frozen Bites, Nuggets, and Stripsmade.
Freeze Dried Food Industry Overview
The global freeze-dried food market is highly competitive owing to the presence of multiple regional and multinational companies offering a wide range of freeze-dried products and trying to maintain their leadership position in the market studied. Major players in the market include Nestle SA, European Freeze Dry, Ajinomoto Co. Inc., Asahi Group Holdings Ltd, and Harmony House Foods Inc., holding a significant share of the market studied and embarking on business strategies including product innovations, partnerships, strengthening their hold over online and offline marketing, and mergers & acquisitions to expand their visibility and portfolio of offerings, thus, augmenting the growth of the market.
Freeze Dried Food Market Leaders
European Freeze Dry
Asahi Group Holdings Ltd
Ajinomoto Co. Inc
Harmony House Foods Inc.
Nestlé S.A.
*Disclaimer: Major Players sorted in no particular order
Freeze Dried Food Market News
- In June 2022, Conagra Brands introduced an extensive summer line-up of new product innovations to solve mealtime dilemmas, satisfy cravings, and feature contemporary flavors, on-trend ingredients, and convenient preparation methods.
- In April 2022, the Indian brand Prasuma, which offers frozen food, launched frozen snack products to its frozen food product portfolio. The newly launched products are Frozen Veg and Chicken Spring Rolls, Frozen Chicken Nuggets, Chicken and Veg Mini Samosas, Chicken and Mutton Shammi Kababs, and Seekh Kababs, along with Bacon in its frozen snacks product portfolio.
- In January 2022, Crispy Green, a New Jersey-based company, unveiled the latest flavor of its freeze-dried snacks, Piña Picante, a product line of dried pineapple snacks. The product is made with a clean-label product with simple ingredients and shelf-stable packaging.
Freeze Dried Food Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Fruits
5.1.1.1 Strawberry
5.1.1.2 Raspberry
5.1.1.3 Pineapple
5.1.1.4 Apple
5.1.1.5 Mango
5.1.1.6 Other Fruits
5.1.2 Vegetables
5.1.2.1 Pea
5.1.2.2 Corn
5.1.2.3 Carrot
5.1.2.4 Potato
5.1.2.5 Mushroom
5.1.2.6 Other Vegetables
5.1.3 Freeze-dried Meat and Seafood
5.1.4 Freeze-Dried Beverages
5.1.5 Freeze-Dried Dairy Products
5.1.6 Prepared Meals
5.1.7 Pet Food
5.2 Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Online Stores
5.2.4 Other Distribution Channels
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 Italy
5.3.2.3 Russia
5.3.2.4 Germany
5.3.2.5 France
5.3.2.6 United Kingdom
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nestlé S.A.
6.3.2 Ajinomoto Co. Inc.
6.3.3 Asahi Group Holdings Ltd
6.3.4 Harmony House Foods Inc.
6.3.5 Lyofood Sp. z o.o.
6.3.6 European Freeze Dry
6.3.7 Mercer Foods LLC
6.3.8 OFD Foods LLC
6.3.9 Steele Brands (Crispy Green Inc.)
6.3.10 Prasuma Foods
6.3.11 Conagra Brands (Healthy Choice, Birds Eye)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Freeze Dried Food Industry Segmentation
Freeze-drying is a relatively recent method of preserving food. It involves freezing the food, removing almost all the moisture in a vacuum chamber, and finally sealing the food in an airtight container. Freeze-dried foods can be easily transported at normal temperatures, stored for a long period, and consumed with minimal preparation. The freeze-dried food market is segmented by product type, distribution channel, and geography. The market is segmented by product type: fruits, vegetables, frozen-dried meat and seafood, frozen-dried beverages, frozen-dried dairy products, prepared meals, and pet food. The market is further segmented by fruits: strawberry, raspberry, pineapple, apple, mango, and other fruits. By vegetables, the market is further segmented into peas, corn, carrot, potato, mushroom, and other vegetables. By distribution channel, the market studied is segmented into supermarkets/hypermarkets, convenience stores, online stores, and other distribution channels. By geography, the market is segmented into North America, Europe, South America, Asia-Pacific, Middle-East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
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Freeze Dried Food Market Research FAQs
How big is the Freeze-Dried Food Market?
The Freeze-Dried Food Market size is expected to reach USD 2.67 billion in 2023 and grow at a CAGR of 8.82% to reach USD 4.07 billion by 2028.
What is the current Freeze-Dried Food Market size?
In 2023, the Freeze-Dried Food Market size is expected to reach USD 2.67 billion.
Who are the key players in Freeze-Dried Food Market?
European Freeze Dry, Asahi Group Holdings Ltd, Ajinomoto Co. Inc, Harmony House Foods Inc. and Nestlé S.A. are the major companies operating in the Freeze-Dried Food Market.
Which is the fastest growing region in Freeze-Dried Food Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Freeze-Dried Food Market?
In 2023, the North America accounts for the largest market share in the Freeze-Dried Food Market.
Freeze Dried Food Industry Report
Statistics for the 2023 Freeze Dried Food market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Freeze Dried Food analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
