Freeze-dried Food Market Growth & Trends
The global freeze-dried food market size is expected to reach USD 125.18 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2022 to 2030. The global market is predominantly driven by the growing demand for food with a long shelf-life, increasing demand for seasonal fruits and vegetables from food processing industries, and rising consumption of pet food globally.
Adopting a pet, particularly in nuclear households, has become a prominent trend, which, in turn, is increasing the demand for freeze-dried pet food. Due to rising customer demand worldwide, online retailers are quickly increasing their market penetration in the global freeze-dried pet food industry with new product launches. For instance, in August 2021, McAdams introduced its new freeze-dried raw preserve dog food. This premium food would pop out on the shelves and is an addition for the clients who are required to provide nourishment to their dogs.
According to the National Library of Medicine, the abrupt outbreak of Coronavirus (COVID-19) quickly swept throughout the globe, leaving no country unaffected by the global pandemic. The unforeseen interruption weakened the global food supply chain and service industry in the food and beverage manufacturing industries.
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Freeze-dried Food Market Report
Freeze-dried Food Market Report Highlights
- The vegetable product segment accounted for the second-largest share in 2021. The freeze-drying vegetable is a gentle method of preserving them. This implies that the original structure and nutrients are both conserved, and the vegetable is still edible. According to Hawach Scientific Co. Ltd., freeze-dried vegetables are lightweight and portable. Many hikers and backpackers rely on this form to provide quick energy boosts
- The B2C distribution channel segment is expected to expand at a CAGR of 6.9% during the forecast period. Among B2C channels, the supermarkets/hypermarkets segment dominated the market in 2021 owing to the large penetration. The convenience stores segment is expected to register the fastest growth rate during the forecast period
- Asia Pacific is anticipated to expand at a lucrative CAGR of 8.1% during the forecast period in terms of revenue. Rising demand for the adoption of a contemporary lifestyle and a lack of work-life balance has resulted in a need for easy and processed food in this region, which is expected to boost the regional growth in the forecast period
- In 2019, ALDI, a multinational retailing behemoth, established two new physical locations in the Minhang and Jing’an districts of Shanghai. The shops sell a wide range of goods, including freeze-dried fruit snacks
- The market players are developing new products to enhance their product portfolio and expand their customer base. For instance, in August 2018, SouthAM introduced a range of freeze-dried fruit powders. The line includes maqui and acai berries, and it is said to give users all of the advantages of fruits and vegetables while dramatically reducing spoilage
