Newly released data from Freeze-Dried
Fruits market analysis by Future Market Insights displays that the
global consumption of freeze-dried fruits enjoyed a year-on-year (YOY) growth
of 5% in 2022 to total revenue of USD 7.5 Bn and
will clock an estimated revenue of USD 15 Bn in 2032,
exhibiting a ~7% CAGR during the assessment period.
|
Freeze Dried Fruits Market Size Value in 2021 |
USD
~7.5 Mn |
|
Freeze
Dried Fruits Market Forecast Value in 2032 |
USD ~15
Mn |
|
Global
Growth Rate (2022 to 2032) |
~5%
CAGR |
|
Forecast
Period |
2022-2032 |
Food
products continue to remain an essential commodity since the outbreak of the
pandemic. According to FMI, the food and beverages in all will register
above 3% CAGR in the forecast period. With consumers’
preferences changed, the demand for cost-effective yet healthy and sustainable
food solutions is surging, hence, pushing sales of freeze-dried fruits and
vegetables in the near future.
Various types of freeze-dried products such as freeze-dried
blackberry, freeze-dried raspberry, freeze-dried pineapple, freeze-dried
strawberries, freeze-dried cranberry, and others are increasingly used in
confectionery, smoothies, juices, ice creams, bakeries, and other ready to
eat food products.
A key factor driving the market is the prolonged shelf-life
of freeze-dried fruits without any synthetic ingredients or preservatives. The
rising number of confectionaries has been fuelling the demand for dehydrated
forms of food like freeze-dried fruits due to their long shelf lives and
diverse array of applications in healthy diets.
Key Takeaways from the Market Report
- Increasing
awareness about numerous health benefits of nutritional, natural, and low
carb diet, is boosting the demand for freeze-dried fruits and vegetables.
- Conventional
freeze-dried fruits are presently leading in the market in terms of nature
as they are more enriched with natural flavor, color, and nutrient values.
- Among
products available in the market, whole freeze-dried fruits and vegetables
are highly favored over dried or granulated.
- The
enhancing packaging industry along with the improving lifestyle of
consumers is boosting the freeze-dried fruits industry share.
- The
European region will account for the majority share in the freeze-dried
fruits market and is projected to grow at a CAGR of over 7.5% over the
forecast period due to the presence of major manufacturers here.
- North
America is another dominant market region for freeze-dried fruits, with a
market share of over 25%, and is set to exhibit a similar market share
throughout the forecast period.
- B2B
is a more volume-heavy sales channel than B2C in the freeze-dried fruits
market. With the expansion of markets for snacks, breakfast cereals,
powdered beverages, retail (household), and others, the B2B sales channel
is gaining traction. It is anticipated to continue exhibiting high growth
through the assessment period.
“Manufacturers of freeze-dried fruits would gain
significant profits by extensive marketing and increasing their geographic
reach among end-users. The ready-to-eat, convenient food and beverage industry
would also serve as a major market for freeze-dried fruits,” says
a Future Market Insights analyst.
Competitive Outlook
The market is fragmented and highly competitive without any
major dominant players. Freeze-dried fruits manufacturers are singling on
launching a wide variety of products in order to increase their consumer base
and end-user industries and gain a competitive advantage.
Top freeze-dried fruits manufacturers are The Kraft Heinz
Company, Mercer Foods, European Freeze Dry Ltd., Chaucer freeze-dried, Molda
AG, SARAF Foods Ltd., Watershed Foods LLC, Freeze-Dry Foods, Nestle S.A.,
Mondelez International, The J M Smucker Company, Olam International, OFD Foods,
Ajinomoto Co., Asahi Group, and Van Drunen Farms, among others. and others.
Some of them are focusing on marketing upon various health
benefits of freeze-dried fruits that are highly sought-after among consumers.
For instance, European Freeze Dry has launched their new complete meal
solutions for special dietary meals, weight control meals, and others with an
emphasis on sport nutrition, food intolerance, emergency preparedness, and
others in the recent year.
Access Full Report: https://www.futuremarketinsights.com/reports/freeze-dried-fruits-market