Freeze-dried Fruits and Vegetables Market Size By Product (Fruits, Vegetables, Coffee Beans), By Form (Powders & Granules, Chunks/Pieces, Flakes), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retailers) & Forecast, 2023 - 2032
Report ID: GMI3218
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Published Date: March 2023
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Report Format: PDF
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Base Year: 2022
Companies covered: 15
Tables & Figures: 254
Countries covered: 21
Pages: 240
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Freeze-dried Fruits and Vegetables Market
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Freeze-dried Fruits and Vegetables Market Size
Freeze-dried Fruits and Vegetables Market size valued at USD 88 billion in 2022 and is anticipated to record nearly 7% CAGR from 2023 to 2032.
Increasing developments in the global packaged food sector are anticipated to drive the market growth. Freeze-dried fruits and vegetables are largely used in packaged foods including savory snacks, confectioneries like chocolate and sweets, staples such as cereals and oatmeal, packed meat and seafood items, etc. The demand for these food items is reinforced by the rise in consumption of items that are easy-to-eat foods with more shelf life. Ready-to-eat meals, especially frozen pizzas and frozen tacos, etc., have become a popular choice for working professionals. Cooking meals has become easier using frozen vegetables, generating more popularity of these products.
Lack of awareness regarding the benefits of freeze-dried fruits and vegetables will impact the market development. In comparison to fresh items, freeze-dried fruits and vegetables have a number of advantages, including the same nutritional value and a similar flavor along with appearance to that of fresh fruit. However, fresh fruit and vegetable consumption is still higher in many emerging economies like India, Thailand, Indonesia, and others. The agricultural sector accounts for a large portion of the GDP in these nations. Around 7.5% of the world's total agricultural output is produced by India alone. Owing to their extensive agricultural bases, people in these nations are more likely to consume fresh produce, whether it be fruits or vegetables.
Freeze-dried Fruits and Vegetables Market Analysis
Freeze-dried fruits and vegetables market share from the fruits segment is expected to reach USD 124 billion by 2032. The snacks and candies that are typically loaded with sugar and salt can be replaced with freeze-dried fruits. The essential nutrients of fruits are intended to be preserved during the freeze-drying process. These fruits are also excellent for topping a variety of dishes. Similarly, the lack of additives needed to preserve the food's freshness and flavor over an extended period is set to increase the market revenue.
The freeze-dried fruits and vegetables market size from chunks/pieces segment is predicted to surpass USD 80.5 billion by 2032, as they are simpler to serve and take less time to rehydrate. These products attract more demand as they help save the time of cutting them into smaller pieces while cooking. Manufacturers of processed and ready-to-eat/ready-to-cook meals, such as breakfast cereals, soup powders, noodles, baked goods, etc., are one of the biggest buyers of these products that are largely used in restaurants. High dependency of the working-class population on ready-to-eat foods would elevate the demand for freeze-dried products in chunks/pieces form.
Freeze-dried fruits & vegetables market share from the supermarkets & hypermarkets distribution channels segment will expand at 6.5% CAGR between 2023 and 2032. Expansion of supermarkets and hypermarkets has granted convenience to customers for simpler shopping for a variety of products. These marketplaces typically stock goods from numerous brands and provide variations that are aimed at a variety of clients, including those with a range of budgets. Special deals and promotions are slated to draw customers to these stores.
Europe freeze-dried fruits and vegetables market will witness over 7% CAGR through 2032, due to the rising demand for packaged foods from supermarkets and hypermarkets in the region. The regional market is projected to control a majority of the share worth more than 30% in the coming years. European customers favor food products with a longer shelf life and transportation convenience. They also prefer items that can be easily stored and used for garnishing or toppings.
Freeze-dried Fruits and Vegetables Market Share
Some of the leading companies involved in the freeze-dried fruits and vegetables market include:
Companies are focusing on new product developments, strategic investments, mergers, collaborations, and partnerships, over the past few years. For instance, in December 2021, Arbor Investments announced the acquisition of OFD Foods. This partnership is expected to grow with the development of new opportunities and product launches.
The freeze-dried fruits & vegetables market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo Tons & in terms of revenue in USD million from 2018 to 2032 for the following segments:
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Market, By Product
Market, By Form
Market, By Distribution Channel
The above information has been provided for the following regions and countries: