The new report by Expert Market Research titled, ‘Global Freeze-Dried Fruits and Vegetables Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global Freeze-Dried Fruits and Vegetables market, assessing the market based on its segments like production process, type, distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 180.3 million
- Forecast CAGR (2022-2027): 6.50%
- Forecast Market Size (2027): USD 262.7 million
Based on distribution route, the supermarkets and hypermarkets have a considerable market share in the freeze-dried fruits and vegetables industry. This growth can be linked to an increase in consumer preference for shopping at supermarkets and hypermarkets, which are able to give clients with a one-stop shopping experience. More consumers are predicted to be attracted by the availability of a diverse choice of freeze-dried items at various price points. Meanwhile, the ubiquitous availability of internet services and rising smartphone ownership are encouraging consumers to make purchases from online businesses, which is expected to boost market growth over the projection period. During the projected period, North America is expected to hold a major proportion of the freeze-dried fruits and vegetables market. The increased demand for ready-to-eat meals and beverages, such as quick noodles and soups, can be ascribed to this expansion. Other factors, such as rising disposable incomes and rising consumer living standards, are expected to boost market expansion during the forecast period.
Industry Definition and Major Segments
Freeze-dried fruits and vegetables are ordinary fruits and vegetables that have had all of their water content removed and then dried and frozen. This extends their shelf life and makes them more convenient to keep. Fruits and vegetables that have been dehydrated can be rehydrated and utilised in a number of dishes. Furthermore, thanks to technical improvements, freeze-dried items now have a superior texture and taste in today’s world. Fruits that have been freeze-dried are typically found in cereals, whereas freeze-dried vegetables are usually seen in instant noodles.
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Based on production process, the market can be broadly divided into:
- Organic
- Conventional
On the basis of type, Freeze-dried fruits and vegetables market segments into:
- Freeze-Dried Fruits
- Strawberry
- Raspberry
- Pineapple
- Apple
- Mango
- Others
- Freeze-Dried Vegetables
- Peas
- Corn
- Carrot
- Potato
- Mushroom
- Others
Market segmentation on the basis of distribution channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
On the Basis of region, the market can be divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
The market for freeze-dried fruits and vegetables is expected to rise in response to the growing desire for health-conscious foods made with organic components. This can be attributed to a rise in consumer health consciousness. Furthermore, the extended shelf life of freeze-dried fruits and vegetables with intact texture, nutrients, colour, and flavours is driving up demand for them in a variety of food preparations. Furthermore, growing demand for ready-to-cook and consume food packages, as well as enhanced availability of a wide variety of freeze-dried items, are expected to have a favourable impact on the industry in the future years. Other factors, such as increased urbanisation, changing consumer lifestyles, and rising disposable incomes, are expected to help the market grow during the forecast period.
Key Market Players
The major players in the market are Harmony House Foods Inc., LYO Foods Sp. z.o.o, Mercer Foods, LLC, Freeze-Dry Foods GmbH, Chaucer Foods Ltd. and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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