PUBLISHER: The Business Research Company | PRODUCT CODE: 1428392
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428392
Freeze-dried fruits and vegetables are fruits and vegetables that undergo dehydration through a process converting ice into vapor. Widely utilized in the food industry, they are employed in crafting snacks, breakfast cereals, and trail mixes. Additionally, they play a role in the production of baby food, pet food, and emergency food supplies.
The primary outputs of freeze-dried fruits and vegetables encompass fruits, vegetables, and coffee beans. Fruits subjected to freeze-drying exhibit an extended shelf life while retaining the vitamins and minerals present in fresh produce, enhancing their appeal to consumers. Available in various forms such as powders, granules, chunks, or pieces, and flakes, they find application in breakfast cereal, soups, snacks, ice creams, desserts, bakery and confectionery items, as well as dips and dressings. These products are distributed through diverse channels including supermarkets, hypermarkets, convenience stores, online retailers, and others.
The freeze-dried fruits and vegetable market research report is one of a series of new reports from The Business Research Company that provides freeze-dried fruits and vegetables market statistics, including freeze-dried fruits and vegetables industry global market size, regional shares, competitors with a freeze-dried fruits and vegetable market share, detailed freeze-dried fruits and vegetable market segments, market trends and opportunities, and any further data you may need to thrive in the freeze-dried fruits and vegetables industry. This freeze-dried fruits and vegetables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The freeze-dried fruits and vegetables market size has grown strongly in recent years. It will grow from $36.79 billion in 2023 to $39.46 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion observed in the historical period can be ascribed to the heightened consumer awareness of health and wellness, a rising demand for convenience foods, the expansion of the food processing industry, an increase in disposable income, and the globalization of food trade.
The freeze-dried fruits and vegetables market size is expected to see strong growth in the next few years. It will grow to $52.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period can be linked to the increasing trend of natural and organic foods, a heightened demand for healthy snacks, the expansion of the retail sector, a growing consumer preference for products with longer shelf life, and the globalization of supply chains. Noteworthy trends expected in the forecast period encompass technological advancements in freeze-drying processes, innovations in packaging for prolonged product shelf life, the formulation of new products, an augmented utilization of freeze-dried ingredients in foodservice and culinary applications, and a rising popularity of exotic and tropical freeze-dried fruits.
The anticipated surge in demand for health-oriented food products is set to drive the growth of the freeze-dried fruit and vegetable market. Health-oriented food products encompass foods that provide the necessary energy and well-being for optimal bodily functions. Freeze-drying fruits and vegetables is a method employed to extend their shelf life while retaining maximum nutrients in a convenient form. For example, Statistics Canada reported in February 2023 that farm-gate sales of fruits and vegetables saw a 13.1% increase in 2022, reaching $3 billion in 2021. The growth in fruit and vegetable farm-gate sales amounted to 15.3% and 11.2%, respectively. This surge in demand for health-oriented food products is a driving force behind the growth of the freeze-dried fruit and vegetable market.
The expansion of the hospitality industry is also expected to contribute to the growth of the freeze-dried fruits and vegetables market. The hospitality industry encompasses businesses providing services such as accommodation, food and beverage, entertainment, and customer service to guests or travelers. Freeze-dried fruits and vegetables find applications in the hospitality sector to enhance culinary offerings, add flavor to dishes, and provide convenient, long-lasting ingredients for various menu items. Unilever Professional reported in June 2023 that the global hospitality industry was valued at nearly $4.7 trillion in 2023, with forecasts projecting a 23.8% growth over the next four years. Therefore, the expansion of the hospitality industry is a driving factor for the freeze-dried fruits and vegetables market.
A notable trend in the freeze-dried fruit and vegetable market involves product innovation, with major companies introducing innovative offerings to maintain their market positions. For instance, in June 2021, Sow Good Inc., a U.S.-based food and beverage company, launched a product line comprising freeze-dried fruit and vegetable snacks and smoothies. This innovative range includes six ready-to-make smoothies and nine snacks, featuring a variety of flavors such as acai relief, mint to be, and berry appetizing. The lineup includes single-ingredient fruits and vegetables such as cherries, edamame, and apples.
Major companies in the freeze-dried fruits and vegetables market are strategically focused on developing healthy festive ranges, such as freeze-dried fruit stocking stuffers, to offer flavorful and nutritious options and gain a competitive edge. Freeze-dried fruit stocking stuffers are healthy and flavorful snacks made from 100% real fruit without added sugars or preservatives, providing a nutritious and convenient option for holiday gifting. For instance, in November 2023, Oatme Superfood, a Canada-based brand, introduced an on-the-go snack range featuring strawberry, fig, and mango variants. This new line of freeze-dried fruits positions them as a wholesome and flavorful alternative for festive stocking stuffers.
In September 2022, Thrive Foods, a U.S.-based food and beverage manufacturing company, completed the acquisition of Freeze-Dry Foods for an undisclosed amount. This strategic move allows Thrive Foods to expand its manufacturing capacity and extend its geographic reach across the U.S. Freeze-Dry Foods specializes in freeze-dried food products, including fruits, vegetables, and pet treats.
Major companies operating in the freeze-dried fruits and vegetables market report are Olam International Limited, Mondelez International Inc., General Mills Inc., Asahi Group Holdings Ltd., Kellogg Company, Conagra Brands Inc., Ajinomoto Co., Fresh Del Monte Produce Inc., Patanjali Ayurved Ltd., Parle Products Pvt. Ltd., Britannia Industries Ltd., Wise Foods Inc., Van Drunen Farms, Crispy Green Inc., Vadilal Industries Ltd., Annie's Inc., Mercer Foods LLC, OFD Foods LLC, Chaucer Foods Ltd., European Freeze Dry Ltd., Harvest Food Products Co. Inc., Flex Food Limited, BCFoods Inc., Freeze-Dry Foods GmbH, Saraf Foods Ltd., Harmony House Inc., Mother Earth Products, Saipro Biotech Private Limited, Unity Foods LLC, Fujian Lixing Foods Co. Ltd.
Asia-Pacific was the largest region in the freeze-dried fruits and vegetables market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the freeze-dried fruits and vegetables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the freeze-dried fruits and vegetables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The freeze-dried fruits and vegetables market consists of sales of freeze-dried apples, pineapples, kiwis, sweet corn, and carrots. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Freeze-Dried Fruits And Vegetables Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on freeze-dried fruits and vegetables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for freeze-dried fruits and vegetables ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The freeze-dried fruits and vegetables market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.