Freeze Dried Food Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.20 Billion |
| Market Size (2029) | USD 4.59 Billion |
| CAGR (2024 - 2029) | 7.52 % |
| Fastest Growing Market | Asia |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Freeze Dried Food Market Analysis
The Freeze-Dried Food Market size is estimated at USD 3.20 billion in 2024, and is expected to reach USD 4.59 billion by 2029, at a CAGR of 7.52% during the forecast period (2024-2029).
Consumers nowadays are increasingly prioritizing their health and well-being. As awareness grows regarding the negative health impacts of artificial food preservatives, there is a notable pivot towards natural and healthier food choices. Additionally, rapid urbanization and fast-paced lifestyles have heightened the demand for convenient, easy-to-cook food options, leading to a surge in the popularity of freeze-dried products. Freeze-dried items stand out for their ability to preserve nutrients without resorting to artificial additives. Restaurants and cafes have taken a particular liking to freeze-dried products, especially fruits and vegetables. This trend aligns with the global rise in culinary tourism, which has invigorated the business of food service establishments. In the near term, the expanding food-processing sector, combined with a robust demand for ready-to-eat (RTE) products, is poised to drive the market forward. Therefore, industry players are increasingly adopting freeze-drying techniques, particularly for heat-sensitive items that need prolonged preservation. For instance, in February 2024, Paradise Fruits Solutions broadened its product range, introducing an instant Smoothee featuring tropical flavors and Savory Drops infused with Cannabidiol (CBD). The company highlights that their Smoothee Drops, crafted from freeze-dried pure fruit, can seamlessly blend with yogurt or vegetables and offer customization options for added sugar.
Freeze Dried Food Market Trends
Freeze-Dried Pet Food Witnesses The Highest Consumer Demand
Global demand for freeze-dried pet foods is on the rise due to their high quality, lightweight nature, and impressive shelf stability. Freeze-dried pet foods outlast conventional foods and treats in shelf life, allowing consumers to stock up without the worry of staleness. As pet owners worldwide become more discerning about their pets' diets, there is a growing emphasis on innovative products. Additionally, with more hotels now accommodating traveling pets, it's clear that pet owners are increasingly taking their companions on trips. This trend boosts the appeal of freeze-dried products, which are lightweight, easy to pack, and can be prepared simply by adding water, merging convenience with nutritional value. Moreover, the market is bustling with numerous global and regional players, each offering a diverse range of products. These companies are actively engaging in strategies like e-marketing investments, establishing e-commerce platforms, and pursuing mergers and acquisitions. They are also rolling out new products to bolster their domestic presence and capture larger market shares. For example, in May 2024, VAFO Group's CARNILOVE brand launched a new line of dog treats, featuring freeze-dried meat options tailored to satisfy instinctual cravings. The company highlighted that these treats are rich in fresh meat, processed gently to retain their taste, aroma, and essential nutrients. Furthermore, the treat line includes both mono- and multi-protein formulations, catering to a diverse range of dogs, with single-protein treats specifically designed for those with dietary restrictions, allergies, and intolerances.
Asia-Pacific is the Fastest Growing Region
The Asia-Pacific freeze-dried food market is rapidly expanding, driven by a surge in processed food consumption and a growing preference for ready-to-eat meals. For example, the Ministry of Food and Drug Safety reported that South Korea imported processed foods worth USD 16.07 billion in 2022, a notable increase from USD 11.45 billion in 2020. Such trends position Asia as a burgeoning market for freeze-dried food products. Rising internet penetration and the growing trend of online grocery shopping, especially in emerging nations, are poised to further boost the demand for freeze-dried ready meals. In India, for example, e-commerce plays a pivotal role in distributing freeze-dried foods. With the surge in internet and smartphone usage, more consumers are turning to online platforms for specialized products, including freeze-dried meals and snacks. As of 2023, the Ministry of Communications Department of Telecommunications reported approximately 850.95 million internet users in India. This trend of online purchasing is particularly evident in tier-2 and tier-3 cities, where platforms like Amazon, Flipkart, and BigBasket are driving demand. Furthermore, consumers are increasingly drawn to healthy, innovative products made from wholesome ingredients that align with their busy lifestyles. This presents a lucrative opportunity for manufacturers to expand their footprint in the region. Capitalizing on this trend, New Zealand startup Ovāvo launched a freeze-dried avocado powder in January 2024, touting benefits like dietary fiber, potassium, and vitamins B and E.
Freeze Dried Food Industry Overview
The global freeze-dried food market is fiercely competitive, with numerous regional and multinational companies vying for dominance. Key players such as Nestle SA, European Freeze Dry, Ajinomoto Co. Inc., Asahi Group Holdings Ltd., and OFD Foods LLC command a substantial market share. They employ strategies like product innovations, partnerships, enhanced online and offline marketing, and mergers & acquisitions to bolster their visibility and diversify their offerings. This heightened competition poses challenges for domestic entities, particularly in areas like pricing, brand recognition, and tailored offerings. Additionally, the growing demand for organic freeze-dried foods has led manufacturers to fine-tune their sourcing strategies to better meet consumer preferences.
Freeze Dried Food Market Leaders
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European Freeze Dry
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Asahi Group Holdings Ltd
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Ajinomoto Co. Inc
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Nestlé S.A.
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OFD Foods LLC
*Disclaimer: Major Players sorted in no particular order
Freeze Dried Food Market News
- September 2024: Amano Foods expanded its soup series with the launch of "The Umami Rice is Delicious!" The new offerings encompass an egg soup, spicy curry soup, spicy chige soup, and a six-meal variety set.
- July 2024: Nestle, under its Nescafe Gold Blend brand, rolled out two new flavored soluble coffees: Rich Caramel and Smooth Vanilla. These introductions spotlighted the premium instant coffee, enhanced with natural flavors that are accentuated when mixed with milk.
- May 2024: Mountain House, a leading brand, added new flavors to its range of ready-to-eat freeze-dried meals, debuting Chicken Tikka Masala and Kung Pao Chicken.
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
4.1.1 Participation in Adventure Sports and Expedition
4.1.2 Suitability of Freeze-dried Technique For Heat Sensitive Food Products
4.2 Market Restraints
4.2.1 High Costs Associated with Freeze-Drying Technology
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 Freeze-dried 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 Freeze-dried 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 Foods
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 Positioning 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 OFD Foods LLC
6.3.8 Steele Brands (Crispy Green Inc.)
6.3.9 AMG-Group
6.3.10 Katadyn Products Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Freeze Dried Food Industry Segmentation
Freeze-drying, a modern food preservation technique, begins by freezing the food. Next, moisture is extracted in a vacuum chamber, and the food is sealed in an airtight container. The advantages of freeze-dried food include easy transport at average temperatures, prolonged storage life, and minimal preparation before consumption.
The freeze-dried food market is segmented by product type, distribution channel, and geography. The market is segmented by product type into freeze-dried fruits, freeze-dried vegetables, freeze-dried meat and seafood, freeze-dried beverages, freeze-dried dairy products, prepared meals, and pet food. The market is further segmented by fruits into strawberry, raspberry, pineapple, apple, mango, and other fruits. By vegetables, the market is further segmented into pea, 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.
The market sizing has been done in value terms in USD for all the abovementioned segments.
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| Pet Foods |
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| Online Stores | |
| Other Distribution Channels |
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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 3.20 billion in 2024 and grow at a CAGR of 7.52% to reach USD 4.59 billion by 2029.
What is the current Freeze-Dried Food Market size?
In 2024, the Freeze-Dried Food Market size is expected to reach USD 3.20 billion.
Who are the key players in Freeze-Dried Food Market?
European Freeze Dry, Asahi Group Holdings Ltd, Ajinomoto Co. Inc, Nestlé S.A. and OFD Foods LLC are the major companies operating in the Freeze-Dried Food Market.
Which is the fastest growing region in Freeze-Dried Food Market?
Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Freeze-Dried Food Market?
In 2024, the North America accounts for the largest market share in Freeze-Dried Food Market.
What years does this Freeze-Dried Food Market cover, and what was the market size in 2023?
In 2023, the Freeze-Dried Food Market size was estimated at USD 2.96 billion. The report covers the Freeze-Dried Food Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Freeze-Dried Food Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the target markets for freeze-dried food products?
The target markets for freeze-dried food products are a) Camping enthusiasts b) Emergency preparedness c) Travelers, and potential for military rations or space food
What are the target markets for freeze-dried food products?
The target markets for freeze-dried food products are a) Camping enthusiasts b) Emergency preparedness c) Travelers, and potential for military rations or space food
Freeze Dried Food Industry Report
The global freeze-dried food market is poised for significant growth, driven by a rising consumer preference for convenience through ready-to-eat meals and packaged products. With busy lifestyles prompting a shift towards easy dining solutions, freeze-dried fruits and vegetables are witnessing robust demand in various food segments including breakfast cereals, desserts, and snacks. These products are favored for their extended shelf life and preserved nutritional integrity.
Additionally, the growth of culinary tourism and a growing demand for clean-label products are enhancing the market presence of freeze-dried foods in the food service sector. As a freeze-dried food company might note, North America and Asia-Pacific are instrumental regions, with the latter expected to see substantial growth driven by increased processing food consumption and a surge in online grocery shopping.
The overall expansion of the food-processing sector worldwide is set to stimulate further market growth, with a heightened awareness of health and preference for natural products over artificial additives. For an in-depth analysis of market dynamics and a forecast outlook, get a deeper insight into this with a sample industry analysis available for free download.
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For a detailed understanding, the report example and report pdf can be referred to, which are essential for research companies seeking thorough market insights.
