Freeze Dried Fruits Market Anticipated to Reach an Estimated Revenue of USD 15 Billion in 2032| FMI

Newly released data from Freeze-Dried Fruits market analysis by Future Market Insights displays that the global consumption of freeze-dried fruits enjoyed a year-on-year (YOY) growth of 5% in 2022 to total revenue of USD 7.5 Bn and will clock an estimated revenue of USD 15 Bn in 2032, exhibiting a ~7% CAGR during the assessment period.

Food products continue to remain an essential commodity since the outbreak of the pandemic. According to FMI, the food and beverages in all will register above 3% CAGR in the forecast period. With consumers' preferences changed, the demand for cost-effective yet healthy and sustainable food solutions is surging, hence, pushing sales of freeze-dried fruits and vegetables in the near future.

Various types of freeze-dried products such as freeze-dried blackberry, freeze-dried raspberry, freeze-dried pineapple, freeze-dried strawberries, freeze-dried cranberry, and others are increasingly used in confectionery, smoothies, juices, ice creams, bakeries, and other ready to eat food products.

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A key factor driving the market is the prolonged shelf-life of freeze-dried fruits without any synthetic ingredients or preservatives. The rising number of confectionaries has been fuelling the demand for dehydrated forms of food like freeze-dried fruits due to their long shelf lives and diverse array of applications in healthy diets.

Key Takeaways from the Market Report

Increasing awareness about numerous health benefits of nutritional, natural, and low carb diet, is boosting the demand for freeze-dried fruits and vegetables.
Conventional freeze-dried fruits are presently leading in the market in terms of nature as they are more enriched with natural flavor, color, and nutrient values.
Among products available in the market, whole freeze-dried fruits and vegetables are highly favored over dried or granulated.
The enhancing packaging industry along with the improving lifestyle of consumers is boosting the freeze-dried fruits industry share.
The European region will account for the majority share in the freeze-dried fruits market and is projected to grow at a CAGR of over 7.5% over the forecast period due to the presence of major manufacturers here.
North America is another dominant market region for freeze-dried fruits, with a market share of over 25%, and is set to exhibit a similar market share throughout the forecast period.
B2B is a more volume-heavy sales channel than B2C in the freeze-dried fruits market. With the expansion of markets for snacks, breakfast cereals, powdered beverages, retail (household), and others, the B2B sales channel is gaining traction. It is anticipated to continue exhibiting high growth through the assessment period.

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"Manufacturers of freeze-dried fruits would gain significant profits by extensive marketing and increasing their geographic reach among end-users. The ready-to-eat, convenient food and beverage industry would also serve as a major market for freeze-dried fruits," says a Future Market Insights analyst.

Competitive Outlook

The market is fragmented and highly competitive without any major dominant players. Freeze-dried fruits manufacturers are singling on launching a wide variety of products in order to increase their consumer base and end-user industries and gain a competitive advantage.

Top freeze-dried fruits manufacturers are The Kraft Heinz Company, Mercer Foods, European Freeze Dry Ltd., Chaucer freeze-dried, Molda AG, SARAF Foods Ltd., Watershed Foods LLC, Freeze-Dry Foods, Nestle S.A., Mondelez International, The J M Smucker Company, Olam International, OFD Foods, Ajinomoto Co., Asahi Group, and Van Drunen Farms, among others. and others.

Some of them are focusing on marketing upon various health benefits of freeze-dried fruits that are highly sought-after among consumers. For instance, European Freeze Dry has launched their new complete meal solutions for special dietary meals, weight control meals, and others with an emphasis on sport nutrition, food intolerance, emergency preparedness, and others in the recent year.

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Market Segmentation Of Freeze-Dried Fruits Market

Nature:

Organic
Conventional

Product Type:

Whole
Diced
Powdered/Granulated

End use:

Food & Beverages Products
Breakfast Cereals
Dairy Products
Bakery & Confectionery
Nutritional Bars & Supplements
Powdered Beverages
Snacks
Retail (household)

Fruit Type:

Berries
Strawberry
Raspberry
Blueberry
Cranberry
Others
Exotic & Tropical Fruits
Mango
Papaya
Apple
Guava
Banana
Cantaloupe
Orchard & Citrus Fruits
Kiwi
Pear
Peach
Lemon
Orange
Grapefruits
Others

Sales Channel:

B2B
B2C
Hypermarkets/Supermarkets
Convenience Store
Specialty Store
Food & Drinks Specialty Store
Independent Small Grocery Store
Online Retail

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.