Freeze-drying equipment are machines used for freeze-drying food products which involves freezing the product and then reducing the surrounding pressure to allow the frozen water in the product to sublimate from its solid form directly to a gas. Freeze-drying is commonly used to preserve food such as meat, vegetables and dairy products as it helps retain flavor, color, nutrients and texture better than other preservation methods.
Global freeze-drying equipment market is estimated to be valued at US$ 45,313.5 million in 2023 and is expected to exhibit a CAGR of 10.8% during the forecast period (2023-2030).
Key Takeaways
The Freeze-drying Equipment Companies are GEA Group, SP Industries Inc., Azbil Corporation, Labconco Corporation and Tofflon Science and Technology Co. Ltd.
The market offers lucrative opportunities for players owing to growing demand for freeze-dried fruits and vegetables, meat, seafood and Ready-to-Eat meals. Increasing popularity of outdoor recreational activities is also fueling demand for lightweight, long shelf-life freeze-dried foods.
Major players are expanding globally to capitalize on the high growth markets in Asia Pacific and Latin America. Companies are also focusing on development of innovative equipment with enhanced capabilities to diversify their product offerings.
Market Drivers
One of the major drivers for this market is the rising demand for Freeze-drying Equipment Market Trend. Freeze drying helps retain majority of the nutritional value, flavor and other qualities of food. It is highly suitable for processing foods that are heat-sensitive. The longer shelf life and lightweight nature of freeze-dried foods makes them very popular for outdoor adventures and military rations. The ability to store freeze-dried foods for many years without refrigeration is increasing its popularity globally.
PEST Analysis
Political: Regulations regarding food safety has increased demand for freeze drying equipment and high voltage equipment market which helps in long term preservation of food products.
Economic: Growth in pharmaceutical and food industries has led to rise in demand for freeze drying equipment. Developing nations are witnessing higher economic growth boosting their spending power.
Social: Changing lifestyle and demand for convenient packaged food has fueled sales of freeze dried foods requiring freeze drying equipment. Rising health awareness is also driving the demand for nutrients rich freeze dried fruits and vegetables.
Technological: Advanced features like automation, connectivity and monitoring capabilities are being integrated into freeze drying equipment to improve efficiency and yield. New technologies are enabling production of high quality freeze dried products.
Geographical regions of concentration
The market in North America region holds the largest share in terms of value owing to widespread availability of technologically advanced equipment and large number of pharmaceutical and food companies adopting freeze drying technology for product preservation and packaging.
Fastest growing region
The Asia Pacific region is expected to witness the highest growth during the forecast period. This can be attributed to growing health awareness, rising incomes, expanding food processing industry and increasing outsourcing of pharmaceutical manufacturing to countries like China and India.
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