Freeze-dried Food Market Size Worth $69.83 Billion By 2030

Freeze-dried Food Market Growth & Trends

The global freeze-dried food market size is expected to reach USD 69.83 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.6% from 2022 to 2030. The rising demand for food products with a long shelf life is the major growth driver. In addition, the growing demand for ready-to-eat products among consumers globally is further accelerating the growth. According to an article published in Social, almost 36% of Americans consumed ready-to-eat meals including freeze-dried food, in the year 2020.

The increasing emphasis on reformulating processed food products to make them healthier is expected to open new avenues for the freeze-dried food industry across the globe. Hence, this will provide ample opportunities for major manufacturers in the market to formulate bakery and confectionery products, majorly using freeze-dried fruits and vegetables. According to an article published by Knorr, in March 2020, nearly 75% of South Africans claimed to eat healthily with some regularity, hence supporting the growth of the market in the upcoming years.

Vegetables were the largest segment in 2021. A rising number of health-conscious consumers opting for premium food products rich in nutrients and vitamins will support the market growth for freeze-dried vegetables worldwide. According to an article published in the Journal of Agriculture and Food Research in December 2020, 44% of the consumers in Argentina are willing to pay an average of 9% additional price for health and wellness food products as health consciousness is the key psychological factor of buyers, influencing their willingness to pay.

The B2C distribution channel was valued as a faster-growing segment in 2021. Due to convenience stores’ easy accessibility at nearby locations, they are used more often for purchasing products, thus driving the segment’s growth. For instance, in November 2019, Bushka’s Kitchen launched gourmet freeze-dried meals, including vegan and meat meals, in the U.S. The various meal offered by the store includes Citrus Chia Morning, Zesty Zoodles, Unstuffed Pepper, and Harvest Bowl. Moreover, convenience store products are easily accessible and readily available, which is expected to contribute to the segment’s growth.

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Freeze-dried Food Market Report Highlights

• Asia Pacific is expected to contribute a majority of the share to become the largest division in the global revenue in 2021 owing to the rising consumer awareness regarding lifestyle disorders and the resultant shift towards healthier alternatives

• The fruits segment is projected to register the fastest growth during the forecast period as these products have low calories, thus fulfilling the demand of consumers

• B2C is predicted to become a faster-growing segment during the forecast period owing to the availability of a wide range of products at a single e-commerce platform or stores

Freeze-dried Food Market Segmentation

Grand View Research has segmented the global freeze-dried food market based on product, distribution channel, and region:

Freeze-dried Food Product Outlook (Revenue, USD Million, 2017 - 2030)

• Fruit

  • Strawberry

  • Raspberry

  • Pineapple

  • Apple

  • Mango

  • Others

• Vegetables

  • Pea

  • Corn

  • Carrot

  • Potato

  • Mushroom

  • Others

• Meat, Poultry & Seafood

• Pet Food

• Others

Freeze-dried Food Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• B2B

• B2C

  • Supermarkets & Hypermarkets

  • Convenience Stores

  • Online

  • Others

Freeze-dried Food Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia & New Zealand

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

List of Key Players of Freeze-dried Food Market

• European Freeze Dry

• ASAHI GROUP HOLDINGS, LTD.

• Ajinomoto Co., Inc.

• Harmony House Foods, Inc.

• Nestlé

• Freeze-Dry Foods, Ltd.

• SouthAM

• The Hain Celestial Group, Inc.

• Kerry Group plc.

• Nuts.com