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Freeze-Dried Fruits And Vegetables Market 2024 - Industry Analysis, Competitive Landscape, Growth Drivers, Revenue Trends, and Outlook until 2033
The freeze-dried fruits and vegetables market size has grown strongly in recent years. It will grow from $36.79 billion in 2023 to $39.46 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing consumer awareness of health and wellness, increasing demand for convenience foods, expansion of the food processing industry, rising disposable income, globalization of food trade.The freeze-dried fruits and vegetables market size is expected to see strong growth in the next few years. It will grow to $52.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to growing trend of natural and organic foods, rising demand for healthy snacks, expansion of the retail sector, increasing consumer preference for longer shelf life products, globalization of supply chains. Major trends in the forecast period include technological advancements in freeze-drying processes, innovation in packaging for extended product shelf life, development of new product formulations, increasing use of freeze-dried ingredients in foodservice and culinary applications, rising popularity of exotic and tropical freeze-dried fruits.
Market Overview -
Freeze-dried fruits and vegetables refer to fruits and vegetables that have been dehydrated using a procedure that turns ice into vapor. Freeze-dried fruits and vegetables are commonly used in the food industry to make snacks, breakfast cereals, and trail mixes and are also used in producing baby food, pet food, and emergency food supplies.
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Surging Demand For Health-Oriented Foods Propels Growth In Freeze-Dried Fruit And Vegetable Market
The rising demand for health-oriented food products is expected to propel the growth of the freeze-dried fruit and vegetable market going forward. Health-oriented food products refer to those foods that give people the energy and well-being their bodies require to function. Health-oriented food products such as fruits and vegetables are freeze-dried to extend their shelf lives and to maintain and give the maximum amount of nutrients in a convenient form. For instance, in February 2023, according to Statistics Canada, a Canada-based government agency for statistics, farm-gate sales of fruits and vegetables increased by 13.1% in 2022 to $3 billion in 2021, and fruit and vegetable farm-gate sales climbed by 15.3% and 11.2%, respectively. Therefore, the rising demand for health-oriented food products is driving the growth of the freeze-dried fruit and vegetable market.
Competitive Landscape -
Major companies operating in the freeze-dried fruits and vegetables market report are Olam International Limited, Mondelez International Inc., General Mills Inc., Asahi Group Holdings Ltd., Kellogg Company, Conagra Brands Inc., Ajinomoto Co., Fresh Del Monte Produce Inc., Patanjali Ayurved Ltd., Parle Products Pvt. Ltd., Britannia Industries Ltd., Wise Foods Inc., Van Drunen Farms, Crispy Green Inc., Vadilal Industries Ltd., Annie's Inc., Mercer Foods LLC, OFD Foods LLC, Chaucer Foods Ltd., European Freeze Dry Ltd., Harvest Food Products Co. Inc., Flex Food Limited, BCFoods Inc., Freeze-Dry Foods GmbH, Saraf Foods Ltd., Harmony House Inc., Mother Earth Products, Saipro Biotech Private Limited, Unity Foods LLC, Fujian Lixing Foods Co. Ltd.
Innovative Product Offerings Drive Growth In The Freeze-Dried Fruit And Vegetable Market
Product innovation is a key trend gaining popularity in the freeze-dried fruit and vegetable market. Major companies operating in the freeze-dried fruit and vegetables market are introducing innovative products to sustain their position in the market. For instance, in June 2021, Sow Good Inc., a US-based food and beverage company, launched freeze-dried fruit and vegetable snacks and smoothies. It is the company's first product line, comprising six ready-to-make smoothies and nine snacks. A variety of new and well-known flavors are included in the smoothie lineup, such as acai relief (acai and blueberry), mint to be (banana, coconut, and mint), and berry appetizing (banana and strawberry). Single-ingredient fruits and vegetables, including cherries, edamame, and apples, are offered as packaged snacks.
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Key Segments -
The freeze-dried fruits and vegetables market covered in this report is segmented -
1) By Product: Fruits, Vegetables, Coffee Beans
2) By Form: Powders And Granules, Chunks Or Pieces, Flakes
3) By Application: Breakfast Cereal, Soups And Snacks, Ice Creams And Desserts, Bakery And Confectionery, Dips And Dressings, Other Applications
4) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Retailers, Other Distribution Channels
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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