Freeze Dried Vegetables and Fruits Market will likely surpass USD 60 billion by 2025. Increasing popularity of packaged food will be a major factor behind the freeze-dried vegetables and fruits market growth. The product is extensively used in preparing many packaged food items such as soups, juices, ready-to-eat meals, etc. The advantages of the product over fresh fruits and vegetables will augment the industry growth in the forecast years. Freeze drying is considered as the best drying process for packaging food and beverage products as it maintains the structural integrity and preserves the flavor. Freeze dried fruits & vegetables have better aroma, rehydration, and bioactivity when compared to products dried using other alternative techniques. Other advantages include better shelf-life, higher amount of retention of nutrients, color & texture and easy rehydration capability. These factors, coupled with developments in drying technology, will propel the freeze-dried vegetables and fruits market growth in the forecast years.
2018 Market Size –USD 40 billion
Compound annual Growth Rate (CAGR)- 7%
2025 Forecast Value – USD 60 Billion +
Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
· Mondelēz International
· The Kraft Heinz Company
· The J.M. Smucker Company
· OFD Foods, LLC
· Ajinomoto Windsor, Inc.
· Damtuh Co. Ltd.
· Mercer Foods, LLC.
· Van Drunen Farms
· Freeze-Dry Foods
· ACCELERATED FREEZE DRYING CO LIMITED
· European Freeze Dry
· PRINOVA EUROPE LIMITED
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Lack of awareness about the product will be a major factor that may hinder the freeze dried fruits & vegetables market development in the forecast years. Although the product is used in many packaged food formulations, the awareness level among consumers about its advantages is still low, especially in Asia Pacific and Latin America, where fresh fruits and vegetables are consumed at a significant rate. These reasons may hamper the freeze dried fruits & vegetables industry in coming years.
Key Highlights of this report:
Base Year: 2018
Growth Projections – 2019-2025
Historical data coverage: 2014 to 2018
Number of Pages – 200
Data Tables – 223
Online retailers is a distribution channel that has been gaining immense popularity in recent years. Consumers are resorting to ordering packaged food products online owing to a range of factors such as hectic lifestyle, availability of a variety of products on a common platform, ease of payment and increasing internet penetration in developing economies. This distribution channel will gain the market by a CAGR of around 6% in the forecast years.
Growth Drivers of Freeze Dried Vegetables and Fruits Market:
· Developments in the global packaged food industry
· Advantages over fresh fruits & vegetables
Asia Pacific is a high growth market for the freeze dried vegetables and fruits industry. High population, increasing disposable income, and penetration of different retail formats are the major reasons behind the development of the Asia Pacific freeze dried fruits & vegetables market which will register a revenue exceeding USD 15 billion by the end of the forecast years.
Freeze Dried Vegetables and Fruits Market Segmentation:
· Coffee beans
Freeze Dried Vegetables and Fruits Market by Form
· Powders & granules
Freeze Dried Vegetables and Fruits Market by Distribution Channel
· Supermarkets & hypermarkets
· Convenience stores
· Online retailers
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At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
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