Freeze-Dried Fruits & Vegetables Market Poised for Remarkable Growth, set to Reach USD 14.87 billion by 2032 with a CAGR of 6.86%.

The global market for freeze-dried fruits and vegetables was valued at USD 8.21 billion in 2023. It is anticipated to expand from USD 8.75 billion in 2024 to USD 14.87 billion by 2032, registering a compound annual growth rate (CAGR) of 6.86% throughout the forecast period. In 2023, Europe held the largest share of the market, accounting for 93.4%.

In addition, the U.S. market for freeze-dried fruits and vegetables is expected to hit USD 7.84 billion by 2032, driven by a growing consumer preference for healthy and shelf-stable snacks.

The processed fruits and vegetables category forms a significant and steadily growing part of the food and beverage sector. Its expansion is supported by urbanization, increasingly hectic lifestyles, and a greater inclination toward ready-to-eat and convenient food choices. This sector includes a wide array of products such as frozen, canned, dried, and juiced fruits and vegetables, and it serves both retail and foodservice markets.

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➤ List of Key Players Featured in the Report:
• Berrifine A/S (Denmark)
• Binder International (Germany)
• Chaucer Foods Ltd (U.K.)
• Döhler GmbH (Germany)
• European Freeze Dry (Denmark)
• Swastik Food (India)
• Fujian Lixing Foods Co., Ltd. (China)
• Aum Agri Freeze Foods (India)
• Paradise Fruits (Germany)
• Totally Pure Fruits Pty Ltd (Australia)

➤ Segmentation:
♦︎ Freeze-Dried Fruits Segment to Grow at the Fastest Rate Due to Rising Application in Food Products
Based on type, the market is segmented into freeze-dried vegetables and freeze-dried fruits. Among these, the freeze-dried fruits category is expected to grow at the highest CAGR during the forecast timeframe, primarily due to increased usage in soups, snacks, breakfast cereals, confectionery, and baked goods.

♦︎ Powder Form to Show Strongest Growth Due to High Demand in Food Service Sector
In terms of form, the market is divided into cuts & flakes, powder, and whole. The powder format is projected to experience the quickest growth, supported by rising demand from foodservice providers and food processors.

♦︎ Household Segment Set for Rapid Growth Due to Increasing Demand in Europe
Regarding end use, the market is categorized into commercial and household. The household category is forecasted to see the highest growth rate, driven by rising demand from consumers in Europe. Freeze-dried foods are becoming more popular due to their convenience and nutritional value.

♦︎ Online Sales Channel to Record Fastest Growth Due to Cost Advantage and Delivery Benefits
Based on distribution channel, the market is bifurcated into offline and online. The online segment is poised for the fastest expansion, owing to benefits like home delivery and competitive prices offered by e-commerce platforms.

Geographically, the market for freeze-dried fruits and vegetables is examined across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.

➤ Report Coverage:
This report outlines the key factors expected to drive market growth, along with an overview of emerging trends. It provides a detailed analysis of the market across various segments such as form, type, end use, and geography. The strategies adopted by top players to strengthen their positions are also highlighted.

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➤ Drivers and Restraints:
♦︎ Rising Awareness of Nutritional Value to Drive Market Growth
A study by the National Institutes of Health in 2020 indicated that freeze-drying helps preserve phenolics, anthocyanins, and antioxidant properties more effectively than air-drying. This method removes moisture without applying high heat, thereby retaining vitamins and minerals in fresh produce. As awareness of these health benefits grows, the demand for freeze-dried fruits and vegetables is expected to rise.
However, significant capital requirements for storage and energy infrastructure may act as barriers to market growth.

➤ Regional Insights:
♦︎ Europe Leads the Market Due to Strong Demand for Convenience Foods
Europe continues to dominate the global market for freeze-dried fruits and vegetables, supported by evolving consumer habits and the growing demand for easy-to-prepare food items.

In North America, consumer demand for convenient and nutritious food is also driving market expansion. The Food and Agriculture Organization reported that total product consumption reached 148.48 million tons in 2021.

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➤ Competitive Landscape:
♦︎ Key Players Focus on R&D to Meet Changing Consumer Preferences
Leading companies are increasingly investing in research and development to meet consumer demand for convenience-oriented products. Among the major players in the freeze-dried fruits and vegetables market are Berrifine A/S and Döhler GmbH.

➤ Key Industry Development:
In December 2021, Arbor Investments announced the acquisition of Oregon Freeze Dry from Endeavour Capital. The company views this transaction as a valuable investment, citing Oregon Freeze Dry's scale and strong relationships with major clients.

➤ Read Related News:
♦︎ Organic Foods Market: https://www.fortunebusinessinsights.com/industry-reports/organic-foods-market-101470
♦︎ Canned Fruits & Vegetables Market: https://www.fortunebusinessinsights.com/industry-reports/canned-fruits-vegetables-market-100178
♦︎ Freeze-dried Vegetable Powder Market: https://www.fortunebusinessinsights.com/freeze-dried-vegetable-powder-market-103256

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This release was published on openPR.