Freeze Drying Market Size, Share Report, Analysis, Trends, Growth 2032

Freeze Drying Industry Prospective:

The global freeze drying market size was worth around USD 1,480 million in 2023 and is predicted to grow to around USD 3,270 million by 2032 with a compound annual growth rate (CAGR) of roughly 9.21% between 2024 and 2032.          

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Freeze Drying Market: Overview

Freeze drying, often referred to as cryodesiccation or lyophilization, is a low temperature dehydration method in which the product is frozen and pressure is reduced, causing the ice to sublimate and be removed. This is in contrast to the majority of traditional techniques of dehydration, which use heat to evaporate water. Much of the original attributes of the rehydrated product are preserved due to the low processing temperature. When solid materials, like strawberries, are freeze-dried, the product's natural form is preserved.

Excipients, or inactive substances, are included to maximize the final product's qualities when the product to be dried is a liquid, as is frequently the case in pharmaceutical applications. Freeze drying is mostly used in food processing (like coffee), biological (like bacteria and yeasts), and biomedical (like surgical transplants) applications. The freeze drying market is being driven by several factors such as increasing demand for convenience foods, growing pharmaceutical industry, rising focus on food preservation, technological advancements, expanding e-commerce channels and many others.

Key Insights

• As per the analysis shared by our research analyst, the global freeze drying market is estimated to grow annually at a CAGR of around 9.21% over the forecast period (2024-2032).
• In terms of revenue, the global freeze drying market size was valued at around USD 1,480 million in 2023 and is projected to reach USD 3,270 million, by 2032.
• The growing demand from the pharmaceutical sector is expected to propel the freeze drying market over the forecast period.
• Based on the freezer type, the Tray-style Freeze Dryer segment is expected to hold a substantial market share over the forecast period.
• Based on the end user, the pharmaceutical segment is expected to grow at the highest CAGR over the forecast period.
• Based on region, North America is expected to dominate the market over the forecast period.

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Freeze Drying Market: Growth Drivers

Growing demand from the pharmaceutical industry drives market growth

The market for freeze drying is mostly driven by the pharmaceutical industry's growing need to preserve sensitive biological commodities, such as blood products, vaccines, and medicines. When traditional techniques like refrigeration may compromise these essential components' effectiveness or shelf life, freeze-drying guarantees their stability and endurance. This technique is especially important for items that degrade quickly and are sensitive to temperature. In an environment where chronic sickness rates, the ageing population, and the emphasis on personalized treatment are all on the rise, effective preservation techniques are essential.

Strict regulatory requirements for product safety and quality in the pharmaceutical business further mandate the use of state-of-the-art freeze-drying equipment. The need for reliable and efficient freeze-drying solutions is rising globally as pharmaceutical companies step up their R&D initiatives and new biological medications are introduced to the market.

Freeze Drying Market: Restraints

Emergence of alternatives hindering the market growth

Several techniques, including vacuum foam drying, air spray freeze-drying, spray drying, and spray freeze-drying, have been proposed as viable substitutes for freeze-drying in the production of dry biopharmaceutical forms. The most developed substitute for lyophilization among them is spray freeze-drying, which has grown in favor in recent years. Due to the frozen starting material's larger surface area in spray freeze drying, frozen particles sublimate and secondary dry more quickly than they would in traditional freeze drying.

Furthermore, it makes possible the engineering of particle form and size, opening up distribution options that would be impossible with conventional drying procedures. It also saves energy and can process materials at atmospheric pressure. In recent years, vacuum foam drying has also become apparent as a viable method for protecting delicate biological materials. In comparison to freeze drying, this quick, easy, and cost-effective method of preserving biologics can provide goods like bovine serum albumin with superior processing and storage stability. As a result, throughout the projected period, the rising acceptance of these substitutes is anticipated to restrain the expansion of the worldwide market.

Freeze Drying Market: Opportunities

Growing product launches offer an attractive opportunity for market growth

The growing product launches are expected to offer a lucrative opportunity for market growth over the forecast period. For instance, in December 2023, VFL Sciences Private Limited, a company located in Chennai, announced the release of the Penguin Classic Laboratory Freeze Dryer/Lyophilizer. With the needs of its users in mind, VFL Sciences created the Freeze Dryer to be a cutting-edge tool that sits comfortably on a lab bench.

A sophisticated 7-inch touchscreen interface makes it simple for the user to program any parameter. The device has characteristics like auto-defrost, auto-restart upon power restoration, and flexible flask, vial, and petri dish usage, among others.

Freeze Drying Market: Challenges

High energy consumption poses a major challenge to market expansion

Freeze drying is an energy-intensive method that requires substantial electricity throughout the freezing, sublimation, and secondary drying processes. Rising energy prices and environmental concerns about carbon emissions pose difficulties to the sustainability of freeze-drying processes, potentially limiting industry growth.

Freeze Drying Market: Segmentation

The global freeze drying industry is segmented based on Freezer Type, End User and region.

Based on the freezer type, the global freeze drying market is bifurcated into Manifold Freeze Dryer, Tray-style Freeze Dryer and Shell Freeze Dryer. The Tray-style Freeze Dryer segment is expected to hold a substantial market share over the forecast period. Tray freeze-dryers are more complex dryers than their equivalents, and are used to dry a wide range of products in both the pharmaceutical and food and beverage industries. The tray freeze-dryer freezes the product in place while also performing unbound water removal and bound water removal freeze-drying, resulting in the driest feasible final goods for long-term storage. Furthermore, these dryers allow operators to dry items in bulk, making them ideal for long-term storage of medicinal supplies such as vaccinations.

Based on the end user, the global freeze drying industry is segmented into Pharmaceutical, Food and Beverage, Biotechnology and Others. The Pharmaceutical segment is expected to grow at the highest CAGR over the forecast period. A common technique in the pharmaceutical business is freeze drying, which helps unstable medications—particularly protein drugs—be more stable during long-term storage. About 50% of the biopharmaceutical items on the list that have received FDA and EMA approval are freeze-dried; this shows how important the freeze-drying process is for medicines when compared to other methods, even if it is expensive and takes a long time to operate. The pharmaceutical business has grown recently due to factors such as longer life expectancies, more spending by consumers, surges in foreign investments in developing countries, and increased R&D expenditures. Additionally, there is a growing market need for pharmaceutical items due to the alarming rates at which obesity and chronic illness are becoming more common.

Freeze Drying Market: Report Scope

Regional Analysis

North America is expected to dominate the market over the projected period

North America is expected to dominate the market during the forecast period. The increase in the consumption of convenience and processed foods might be a factor in the rise. The increasing demand for this processed food across the market is a result of residents' increasingly busy lives and the region's well-established B2B and B2C sales channels.

Furthermore, being one of the world's main exporters of pharmaceuticals, North America has the biggest pharmaceutical market. When exposed to air and water, pharmaceutical items are prone to deterioration. By utilizing freeze-drying and keeping the product in an oxygen- and water-free container, pharmaceutical makers and chemists can increase its shelf life. The regional market is growing more rapidly because of this worry about maintaining pharmaceutical products across the market.

Freeze Drying Market: Competitive Analysis

The global freeze drying market is dominated by players like:

• GEA Group
• Cuddon Freeze Dry
• Telstar
• Millrock Technology
• Kemolo
• Accelerated Freeze Drying Company Ltd.
• Saraf Foods Ltd.
• Blue Alpine
• Empire Freezing & Drying
• Labconco
• COOLVACUUM TECHNOLOGIES
• SL
• Stericox India Private Limited
• OFD LLC
• Bionics Scientific

The Global Freeze Drying market is segmented as follows:

By Freezer Type

• Manifold Freeze Dryer
• Tray-style Freeze Dryer
• Shell Freeze Dryer

By End User

• Pharmaceutical
• Food and Beverage
• Biotechnology
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa