Market Research Report
European Freeze-Dried Product Market - Growth, Trends, and Forecasts (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||907116|
|Published||Content info||95 Pages
Delivery time: 2-3 business days
|European Freeze-Dried Product Market - Growth, Trends, and Forecasts (2019 - 2024)|
|Published: April 1, 2019||Content info: 95 Pages||
The European freeze-dried product market is forecasted to reach USD 18.96 billion by 2024, growing at a CAGR of 8.27% during the forecast period (2019 - 2024).
European freeze-dried products are available as fruits, vegetables, beverages, dairy products, meat and seafood, and prepared foods. The high shelf-life makes it a profitable product during its supply chain.
Countries like the Netherlands, United Kingdom, and Germany accounted for the largest importers of dried tropical fruits due to the growing demand for healthy snacking and new product applications such as fruit snacks across the globe. In 2017, The Netherlands, United Kingdom, and Germany accounted for approximately half of total imports. Moreover, with companies developing new products and implementing food safety and social responsibility standards to achieve a competitive advantage, there is an increased demand for freeze-dried products in the region.
Germany held the largest share of the European freeze-dried food revenues in 2018. Freeze-dried foods are becoming popular in Germany, due to the ongoing trends and societal changes that affect overall food consumption. The freshness, taste, easy preparation, quality, and long shelf life of these foods have further increased its demand among consumers in the country. Furthermore, local players like MSI GmbH players are competing in the market with international players in terms of product visibility and offerings to garner market share, which further drives the market growth in Germany.
Nestle, Expedition Foods Limited, and LYOVIT are some of the companies leading the freeze-dried product market in Europe. The companies account for higher market share due to their high global reach, wide product portfolio, and high distribution network. Nestle offers a wide range of products such as Nestle Gold, a freeze-dried soluble coffee that offers a classic rich and smooth taste of 100% Arabica beans. Such products enables consumers to purchase the products and consume them according to their convenience. Lastly, the companies are also focusing on expanding their production capabilities to garner market share.