April 27, 2022
According to the report titled ‘Freeze-dried Fruits & Vegetables Market Size By Product (Fruits, Vegetables, Coffee Beans), By Form (Powders & Granules, Chunks/Pieces, Flakes), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retailers]), Industry Analysis Report, Regional Outlook Industry Analysis Report, Regional Outlook, Application Growth Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 - 2027, available with MarketStudyReport, global freeze-dried fruits & vegetables market is anticipated to garner lucrative returns by the year 2027.
Growing demand for packaged food items coupled with the rising disposable income are some of the major factors driving the growth of the global freeze-dried fruits and vegetable market.
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For those unaware, the freeze-drying technique is used to dehydrate fruits and vegetables to reduce spoilage and increase their shelf life. It removes up to 98-99% of the moisture while retaining fruit or vegetable’s nutrition profile, physical form, flavour, and colour.
Apart from this, strategic collaborations among the leading companies, technological advancements, and increasing R&D efforts are also stimulating the overall industry outlook.
Global freeze-dried fruits & vegetable marketplace is divided on the basis of distribution channel, product landscape, form type, and regional contribution.
Based on product landscape, the vegetables segment captured 25% market share in 2020 and is expected to expand at a 7.5% CAGR over the analysis timeframe.
Moving on to form, the chunks/pieces segment accounted for 40% market share in 2020 and is projected to record exponential growth through 2027.
Based on the regional landscape, freeze-dried fruits & vegetables market share in North America market predicted to showcase 6.9% CAGR through the forecast timespan. Meanwhile, Europe accounted for 30% market share in 2020 and is speculated to witness an 8% CAGR through the review period.
Latin America freeze-dried fruits & vegetables industry size is also predicted to expand at a 9.3% CAGR by 2027.
The key players in the freeze-dried fruits & vegetables market are Nestle S.A., OFD Foods LLC, Asahi Group Holdings Ltd., Damtuh Co. Ltd., Van Drunen Farms, Accelerated Freeze Drying Company Ltd., Prinova Group LLC, Mondelez International Inc., The Kraft Heinz Company, The J. M. Smucker Co., Olam International, Ajinomoto Co. Inc., Mercer Foods LLC, Freeze-Dry Foods GmbH, and European Freeze Dry Ltd.