In 2023, the global freeze-dried fruits and vegetables market was valued at USD 8.21 billion. It is projected to grow from USD 8.75 billion in 2024 to USD 14.87 billion by 2032, registering a compound annual growth rate (CAGR) of 6.86% during the forecast period.
The rising popularity of freeze-dried fruits and vegetables as healthy food choices is a key driver of market growth. This trend is further supported by increasing disposable incomes in developing economies and the expanding middle-class population.
These insights are highlighted in the report titled “Freeze-dried Fruits & Vegetables Market, 2024-2032” by Fortune Business Insights™.
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List of Key Players Mentioned in the Report:
- Berrifine A/S (Denmark)
- Binder International (Germany)
- Chaucer Foods Ltd (U.K.)
- Döhler GmbH (Germany)
- European Freeze Dry (Denmark)
- Swastik Food (India)
- Fujian Lixing Foods Co., Ltd. (China)
- Aum Agri Freeze Foods (India)
- Paradise Fruits (Germany)
- Totally Pure Fruits Pty Ltd (Australia)
Segmentation:
Freeze-Dried Fruits Segment to Grow at the Highest CAGR
The market is divided into freeze-dried vegetables and freeze-dried fruits based on type. The freeze-dried fruits segment is expected to record the highest CAGR during the forecast period, driven by its growing use in applications such as soups, snacks, breakfast cereals, confectionery, and bakery products.
Powder Segment to Experience Rapid Growth
By form, the market is segmented into cuts & flakes, powder, and whole. The powder segment is projected to grow rapidly, primarily due to its increasing demand in the food service and food processing sectors.
Household Segment to Register Fast Growth
Based on end-use, the market is categorized into commercial and household. The household segment is anticipated to grow the fastest, particularly in Europe, where consumers increasingly favor freeze-dried products for their convenience and nutritional value.
Online Distribution to Grow at the Fastest Rate
For distribution channels, the market is segmented into offline and online. The online segment is expected to grow at the fastest rate, driven by the convenience of home delivery and competitive pricing on e-commerce platforms.
Geographic Insights
The market has been analyzed across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.
Report Coverage:
The report provides insights into key growth drivers, emerging trends, and challenges affecting the market. It also includes a detailed segmentation analysis and strategies adopted by major players to maintain their competitive edge.
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Drivers and Restraints:
Nutritional Benefits to Propel Market Growth
Research, such as a 2020 study by the National Institutes of Health, highlights that freeze drying better preserves nutrients like phenolics, anthocyanins, and antioxidants compared to air drying. This growing awareness of the health benefits of freeze-dried products is anticipated to drive industry growth.
Challenges Due to High Storage Costs
Despite its advantages, the substantial investments required for advanced storage facilities and grid infrastructure may act as a restraint on market expansion.
Regional Insights:
Europe: A Leading Market
Europe dominates the freeze-dried fruits and vegetables market due to a shift in consumer lifestyles and an increasing demand for ready-to-eat food products.
North America: Strong Growth Potential
In North America, the rising preference for convenient, healthy food options is expected to drive market growth. Data from the Food and Agriculture Organization shows that total product consumption in the region reached 148.48 million tons in 2021.
Competitive Landscape:
R&D and Strategic Initiatives Drive Competition
Leading players, such as Berrfine A/S and Döhler GmbH, are focusing on research and development and strategic acquisitions to address the rising demand for convenience products.
Key Industry Development:
In December 2021, Arbor Investments acquired Oregon Freeze Dry from Endeavour Capital. Arbor sees this acquisition as a strategic investment, given Oregon Freeze Dry's industry scale and robust relationships with top-tier clients.
