Market Size of Spray Dried Food Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.11 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Spray Dried Food Market Analysis
The global spray dried food market is projected to register a CAGR of 4.11% in the forecasted period (2022 - 2027).
With the impact of COVID-19, the market scenario for spray-dried food products is completely changed with the increase in bulk purchases at the consumer's end and the need to increase the shelf-life of the natural food products at the manufacturers' end.
The global market for spray-dried food is mainly driven by the rising demand for ready-to-eat and convenience foods. Also, increasing opportunities in the food & beverage sector, including bakery, snacks, and confectionery segments, is another factor driving the spray-dried food market, along with an increasing extension of the shelf life of these products for prolonged periods.
However, the market faces a challenge such as high initial capital, maintenance cost, and availability of other advanced technologies, such as freeze drying and vacuum drying, which is restraining the market space.
Spray Dried Food Industry Segmentation
Spray-dried foods are natural foods preserved with drying technology, improving their shelf life and preserving all the natural constituents of the food products. Spray drying is the process where a mixture of compounds is made in its liquid or slurry form that is finally converted into dry powder. It is a rapidly drying process. The global spray dried food market has been segmented into fruits, vegetables, dairy products, meat, fish and seafood, spices and seasonings, and other product types. Based on application, the market is segmented into infant foods, Nutraceutical, Baked Goods, Ice-cream, and Pet Foods. Also, the study analyzes the spray-dried food market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers the market size and forecast of the market in value (USD million) for all the above segments.
By Product Type | |
Fruits | |
Vegetables | |
Dairy Products | |
Meat, Fish and Seafood | |
Spices and Seasonings | |
Other Product Types |
By Application | |
Infant Foods | |
Nutraceutical | |
Baked Products | |
Ice-Cream | |
Pet Foods |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Spray Dried Food Market Size Summary
The global spray dried food market is experiencing significant growth, driven by the increasing demand for ready-to-eat and convenience foods. This demand is further fueled by the expanding opportunities in the food and beverage sector, particularly in bakery, snacks, and confectionery segments. The spray drying technique is favored for its cost-effectiveness and efficiency in preserving biologically and thermally sensitive materials like milk, fruit juices, and essential oils. This method extends the shelf life of food products, making it a preferred choice for manufacturers aiming to prevent spoilage and maintain quality. Despite challenges such as high initial capital and maintenance costs, the market continues to thrive due to the rising consumer preference for naturally dried foods, especially in regions with high moisture content in fresh produce.
The Asia-Pacific region stands out as the fastest-growing market for spray dried food, with countries like China, Japan, and India leading the charge. The region's manufacturers benefit from producing high-quality products at lower costs, with dairy, infant formula, instant coffee, and whey protein concentrate being major products. The market is highly fragmented, with numerous small and local players, alongside major companies like DSM, Nestle, and Fonterra Co-operative Group. These players are continuously evolving their offerings and expanding their geographical reach. Innovations such as the development of spray-dried products like Bukolyte and structured sugar by companies like DSM and Nestle highlight the ongoing advancements in the industry, catering to the growing global demand for spray dried food products.
Spray Dried Food Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Bargaining Power of Suppliers
-
1.3.2 Bargaining Power of Consumers/ Buyers
-
1.3.3 Threat of New Entrants
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Fruits
-
2.1.2 Vegetables
-
2.1.3 Dairy Products
-
2.1.4 Meat, Fish and Seafood
-
2.1.5 Spices and Seasonings
-
2.1.6 Other Product Types
-
-
2.2 By Application
-
2.2.1 Infant Foods
-
2.2.2 Nutraceutical
-
2.2.3 Baked Products
-
2.2.4 Ice-Cream
-
2.2.5 Pet Foods
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
2.3.1.4 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 United Kingdom
-
2.3.2.2 France
-
2.3.2.3 Germany
-
2.3.2.4 Italy
-
2.3.2.5 Spain
-
2.3.2.6 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 Australia
-
2.3.3.4 India
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle-East & Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle-East & Africa
-
-
-
Spray Dried Food Market Size FAQs
What is the current Spray Dried Food Market size?
The Spray Dried Food Market is projected to register a CAGR of 4.11% during the forecast period (2024-2029)
Who are the key players in Spray Dried Food Market?
Koninklijke DSM N.V., Fonterra Co-operative Group Limited, Kerry Inc., Givaudan and Döhler GmbH are the major companies operating in the Spray Dried Food Market.