Market Research Report
Freeze-dried Fruits & Vegetables Market Size By Product, Form, Distribution Channel, Industry Analysis Report, Regional Outlook Industry Analysis Report, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021-2027
|Freeze-dried Fruits & Vegetables Market Size By Product, Form, Distribution Channel, Industry Analysis Report, Regional Outlook Industry Analysis Report, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021-2027|
Published: November 23, 2021
Global Market Insights Inc.
Content info: 200 Pages
Delivery time: 2-3 business days
The freeze dried fruits & vegetables market is set to record considerable growth by 2027 owing to surging global demand for packaged food items. In addition, rising disposable income of consumers around the world is likely to augment industry expansion over the forecast period.
Freeze drying is a preservation technique that is used to dehydrate fruits and vegetables to increase their shelf life and reduce spoilage. It is an effective dehydration process that removes up to 98-99% of the moisture while retaining the physical form, flavor, color, and nutrition profile of the fruit or vegetable. Growing awareness among consumers about the nutritional benefits of freeze dried fruits and vegetables has boosted product demand in recent years.
Furthermore, industry players have been employing profitable strategies to tap into emerging trends in the market, which has positively impacted the overall business landscape. For instance, in January 2021, Mondelez International, Inc., a leading snack food company, announced the acquisition of Hu Products, a growing snacking company in the United States. The deal enabled Mondelez to broaden its snack-based product portfolio by leveraging Hu's innovative simple ingredient cross-category snack offerings and its widespread distribution channel.
To cite another instance, in August 2019, Chaucer Foods, a U.K.-based freeze dried ingredients provider, launched its novel range of freeze-dried fruits for foodservice. The company introduced a wide range of freeze-dried fruits, including raspberry, lime, orange, banana slices/pieces/granules, pineapple, blueberry, strawberry, mango, and orange powder. The new product range was intended to meet the growing demand for healthy and natural ingredients.
The freeze dried fruits & vegetables market has been bifurcated based on distribution channel, product, form, and region. In terms of product, the market has further been divided into coffee beans, fruits, and vegetables. The vegetables sub-segment held a considerable market share of around 25% in 2020 and is slated to expand at a CAGR of above 7.5% over the study timeframe.
Based on form, the freeze dried fruits & vegetables market has been classified into flakes, powder & granules, and chunks/pieces. The chunks/pieces sub-segment registered a sizable market share of more than 40% in 2020 and is anticipated to showcase exponential growth through the assessment period.
With respect to region, the North America freeze dried fruits & vegetables industry is poised to gain significant traction by 2027, progressing at around 6.9% CAGR over the review period. In 2020, the Europe freeze dried fruits & vegetables market accounted for over 30% of the overall industry revenue and is speculated to grow at a CAGR of about 8% through the analysis timeline.
Meanwhile, the Latin America freeze dried fruits & vegetables market is expected to witness robust expansion by 2027, registering approximately 9.3% CAGR through the study period.