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Global Freeze-Dried Food Market Size and Share Analysis 2023-2028
The Freeze-Dried Food Market is projected to expand from USD 2,762 million in 2022 to USD 4,459 million by 2028, with a CAGR of 8.35% during the forecast period (2023-2028).
Freeze-drying is a modern food preservation method that involves freezing food, removing most of its moisture in a vacuum chamber, and sealing it in an airtight container. Freeze-dried foods offer the advantages of easy transport at normal temperatures, long shelf life, and minimal preparation before consumption.
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USD 2.8 billion in 2021
Product Type, Distribution Channel, and Geography
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Increasing consumer awareness of health and well-being, coupled with urbanization and lifestyle changes, has led to a preference for convenient and easily prepared food. Food service establishments, such as restaurants and cafes, extensively utilize freeze-dried products like fruits and vegetables. With the growth of the tourism industry worldwide, there is an increased demand for food service establishments, consequently driving the market for freeze-dried products. Consumers are attracted to freeze-dried foods due to their ease of storage, handling, and quick preparation.
In the short term, the expanding food-processing sector and the significant demand for ready-to-eat or convenience food products among consumers are expected to drive market growth. Additionally, increasing consumer awareness of the potential side effects of artificial food additives used in food preservation is fueling the demand for natural and healthy food products. Freeze-dried products retain the nutrients present in the original products and do not require any additional nutrients. Furthermore, market players are employing freeze-drying techniques for heat-sensitive products, offering longer preservation and convenient consumption options. For example, in August 2021, Advik Foods introduced freeze-dried milk powder varieties such as Donkey Milk Powder, Frozen Camel Milk, and Frozen Goat Milk to diversify its product portfolio.
The market is segmented based on various factors, including Product Type, Distribution Channel, and Geography
Segmentation by Product Type
Fruits – Strawberry, Raspberry, Pineapple, Apple, Mango, Other Fruits
Vegetables – Pea, Corn, Carrot, Potato, Mushroom, Other Vegetables
Freeze-dried Meat and Seafood
Freeze-Dried Dairy Products
Segmentation by Distribution Channel
Other Distribution Channels
Segmentation by Geography
North America – United States, Canada, Mexico, and Rest of North America
Europe – United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe
Asia-Pacific – China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific
Latin America – Brazil, Argentina, and Rest of Latin America
Middle East and Africa – Saudi Arabia, South Africa, and Rest of Middle East and Africa
The demand for pet foods is a prominent segment within the market, fueled by the increasing global adoption of pets and the growing preference for nutrient-rich pet food with extended shelf life.
Among various product types, freeze-dried vegetables are experiencing rapid growth. This can be attributed to the rising demand for freeze-dried vegetables among health-conscious consumers, as well as the increasing interest in expedition activities and adventures, which further boosts the sales of freeze-dried vegetables.
Supermarkets and hypermarkets serve as the most widely used sales channels for distributing freeze-dried food. These stores offer significant advantages, such as ample retail space and a wide range of available brands. Additionally, they entice customers with attractive discounts and loyalty offers.
Several categories witness high demand for freeze-dried food products. In the bakery industry, freeze-dried fruits are utilized in whipped creams, frosting, and dessert decorations, adding both color and flavor to the finished products. Furthermore, the trend of healthy snacking has driven the market for clean-label freeze-dried food products. Market players focus on producing vegan, gluten-free, and all-natural options to meet this demand.
Consumers’ growing concerns about the nutritional content, health impact, environmental sustainability, sourcing, and social responsibility of the products they consume have led to an increased demand for clean-label freeze-dried food products. Additionally, the prevalence of busy lifestyles and disposable income has prompted consumers to shift towards frozen meals and products. For example, in June 2021, Texas-based Sow Good Inc. launched its first product line of freeze-dried fruit and vegetable snacks and smoothies, catering to this trend.
North America holds the largest share of the market due to consumer acceptance of freeze-dried food products and the presence of numerous manufacturers offering innovative freeze-dried meals, snacks, smoothies, and other products in the region. On the other hand, Asia-Pacific is the fastest-growing region for the freeze-dried food market. This growth is driven by changing consumption patterns, rising disposable income, and consumer preference for convenient and ready-to-consume food options.
In Asia-Pacific, the freeze-dried food market is expanding rapidly due to the increased consumption of processed food and the growing preference for ready-to-eat meals, aligning with the on-the-go lifestyles of consumers. The region’s increasing internet penetration and the rising trend of online grocery shopping are expected to boost the demand for freeze-dried ready meals. Chinese consumers, specifically, show an interest in healthy and innovative products made with Chinese ingredients that fit their busy schedules. This presents a significant opportunity for foreign retail manufacturers to expand their businesses in the country. For instance, Tyson Foods Inc. introduced a new line of plant-based products in select retail markets and e-commerce platforms across the Asia-Pacific under the brand First Pride in 2021. This product line includes frozen Bites, Nuggets, and Strips, appealing to the Chinese market.
The global freeze-dried food market is characterized by intense competition, primarily due to the presence of numerous regional and multinational companies. These companies offer a wide array of freeze-dried products and strive to maintain their market leadership. Key players in this market segment include Nestle SA, European Freeze Dry, Ajinomoto Co. Inc., Asahi Group Holdings Ltd, and Harmony House Foods Inc. These companies hold a substantial market share and employ various business strategies such as product innovations, partnerships, strengthening online and offline marketing efforts, and engaging in mergers and acquisitions. By implementing these strategies, they aim to enhance their visibility, expand their product portfolios, and ultimately drive the growth of the market.
Key companies profiled in this report include European Freeze Dry, Katadyn ProductsInc., LYO Food Sp. Z.o.o, AMG Group, Nestlé S.a., Ajinomoto Co. Inc., Asahi Group Holdings Ltd, Harmony House Foods Inc., Mercer Foods LLC, Thrive Life LLC, OFD LLC.
Recent Industry Developments
In June 2022, Conagra Brands introduced an extensive range of new product innovations for the summer season. These products were designed to address mealtime challenges, cater to various cravings, and incorporate contemporary flavors, trending ingredients, and convenient preparation methods.
In April 2022, Prasuma, an Indian brand specializing in frozen food, expanded its frozen food product portfolio by launching a range of frozen snack products. The newly introduced snacks include Frozen Veg and Chicken Spring Rolls, Frozen Chicken Nuggets, Chicken and Veg Mini Samosas, Chicken and Mutton Shammi Kababs, Seekh Kababs, and Bacon. These additions diversify Prasuma’s frozen snacks product offerings.
In January 2022, Crispy Green, a company based in New Jersey, unveiled the latest addition to its freeze-dried snacks line. The new flavor, Piña Picante, features dried pineapple snacks. This product is made with clean-label ingredients and comes in shelf-stable packaging.
Key Questions Answered
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