Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 31.5 Billion | USD 58.7 Billion | 8.1% | 2022 |
The global freeze dried vegetables market size was worth around USD 31.5 billion in 2022 and is predicted to grow to around USD 58.7 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.1% between 2023 and 2030.
Freeze-dried vegetables are a contemporary method of food preservation that increases the shelf life of food. Food goods are frozen, the moisture is extracted in a vacuum chamber, and the products are sealed in an airtight container. They are frequently used in pastries, appetizers, quick soups, confections, snacks, ice creams, pasta meals, and vegetable dip dressings. They can preserve food products' flavor, texture, and nutritional content. Food products have a longer shelf life and are protected from microbial contamination due to freeze drying. There are several businesses that market and sell consumers boxes of dehydrated meals.
Growth in the demand for ready-to-eat products drives market growth
It is challenging for consumers to spend some time preparing meals at home because of the rigorous work culture in cities, which mostly results in longer working hours. Customers are now compelled by their hectic lifestyles to select prepared meals or other ready-to-eat products. Vegetables that have been freeze-dried allow consumers to enjoy great cuisine faster. Customers may eat whatever they want because there are several sorts of dry frozen veggies accessible. Owing to a fast-paced lifestyle, customers are always searching for tasty, inexpensive, and quick food items, which presents dehydrated vegetable products with significant development prospects. Cooking is a challenging task for those who live in major cities where most employees spend a lot of time working and getting to the workplace. To get around this issue, people often turn to solutions like freeze-dried food products. Thus, this is expected to drive the global freeze dried vegetables market growth during the forecast period.
Availability of alternative equipment hampers market growth
The market for freeze-dried vegetables is not expanding as quickly as it could be due to alternative market equipment and technologies including spray drying, infusion drying, and others. Carrots may be infusion-dried by submerging them in a recirculating bath of infusion syrup. Water and infusion solids with at least 20 weight percent corn syrup and any remaining sugar are combined to create the infusion syrup. The carrots are then infused and separated from the infusion syrup by reaching a Brix between 25 and 50 degrees.
By passing a heated air stream over and through the infused carrots, the carrots are dried. The hot air is heated at a temperature between 140- and 200 degrees Fahrenheit until the carrots that have been infusion-dried reach a water activity of between 0.30 and 0.63. The process of spray drying involves rapidly drying a liquid or slurry with a hot gas to produce a dry powder. This method is preferred for drying a variety of heat-sensitive products, such as food and medications, or materials that may require a very consistent, tiny particle size, which might impede the freeze dried vegetables market's expansion for freeze-dried vegetables.
Growing preference of consumers for healthy foods offers an attractive opportunity for market expansion
The growing consumer demand for healthier food options has produced promising commercial opportunities. To satisfy the rising demand for natural and nutrient-dense food components, food producers are emphasizing the addition of dehydrated vegetables to their product lineup. Fresh vegetables lose none of their nutritional value when they are dehydrated, and producers can more easily move food products from one place to another since they take up half the space. In addition to being convenient for transportation, dehydrated vegetables are rich in nutrients and dietary fiber, which has contributed to the freeze dried vegetables industry expansion. Growing consumer demand has forced food makers to include freeze-dried vegetable components in their product lines, leading to new launches and advancements in the global freeze-dried vegetable market. Therefore, provides an attractive opportunity for market growth.
The high cost of the freeze-drying process poses a major challenge to market growth
Freeze-drying is a labor-intensive procedure that requires specialized equipment. When compared to alternative techniques of preservation, the economics of freeze-dried vegetables may be impacted by their high initial investment and ongoing operating expenses.
The global Freeze Dried Vegetables industry is segmented based on the type, form, application, end user, distribution channel, and region.
Based on the type, the global market is bifurcated into beans, corn, peas, potatoes, cabbage, cauliflower, tomato, mushroom, and others.
Based on the form, the global freeze dried vegetables industry is bifurcated into powders & granules, chunks, flakes, and others. The powders and granules segment are expected to dominate the market during the forecast period. This expansion can be attributed to the widespread use of the powder form in soups, juices, and other drinks. The process of lyophilization is used to prolong the shelf life by preserving the nutrients and fragrance components. The market for powders and granules is expanding due in part to the increasing need for packaged foods brought on by rising consumer demand.
Based on the application, the global market is bifurcated into breakfast cereal, soups & snacks, ice cream & desserts, bakery & confectionery, dips & dressings, and others.
Based on the end user, the global freeze dried vegetables industry is bifurcated into commercial, household, and others.
Based on the distribution channel, the global market is bifurcated into supermarkets & hypermarkets, specialty stores, online stores, and others. The supermarket and hypermarket segments are expected to hold a significant market share over the forecast period. People's convenience of shopping for a variety of things is the reason for this rise. These stores also usually carry a wide choice of brands of freeze-dried veggies, such as freeze-dried potatoes, and provide variants that cater to different customer segments at different price points. This category is expanding due in part to the increasing number of customers choosing to buy through various retail channels due to in-store merchant discounts and price comparisons. On the other hand, the online segment is expected to grow at the highest CAGR during the forecast period. Producers of freeze-dried vegetables may reach a worldwide audience through online channels. Freeze-dried veggies are readily available to consumers across many geographies, hence facilitating industry development.
Report Attributes | Report Details |
---|---|
Report Name | Freeze Dried Vegetables Market |
Market Size in 2022 | USD 31.5 Billion |
Market Forecast in 2030 | USD 58.7 Billion |
Growth Rate | CAGR of 8.1% |
Number of Pages | 228 |
Key Companies Covered | Mondelez International, Nestle S.A., The Kraft Heinz Company, The J M Smucker Company, OFD Foods, Olam International, Asahi Group, Ajinomoto Co., Mercer Foods, Van Drunen Farms, European Freeze Dry Ltd., and others. |
Segments Covered | By Type, By Form, By Application, By End User, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe is expected to hold a significant market share during the forecast period
Europe is expected to hold a significant freeze dried vegetables market share during the forecast period. The presence of larger producers throughout the area and the prevalence of health-conscious customers in the European region are contributing factors to this region's progress. The market for freeze-dried vegetables is expanding in the European region due to customers' growing preference for foods with high nutritional content that can be quickly prepared, such as ready-to-eat meals.
The industry's share is increasing due to the expanding packaging sector and evolving consumer lifestyles. The increasing need for these products in the B2B (business-to-business) sector can be attributed to this. The growing number of businesses offering quick meal solutions and products to consumers around the area will fuel demand during the anticipated period. Product demand will also rise as e-commerce portals that provide customers with a large variety of food products based on convenience expand in number. Businesses that deal in freeze-dried vegetables in the region are trying to expand their regional footprints to get more customers and market share. The European freeze-dried vegetable market is expanding to a favorable regulatory framework.
The global Freeze Dried Vegetables market is dominated by players like:
By Type
By Form
By Application
By End User
By Distribution Channel
FrequentlyAsked Questions
Freeze-dried vegetables are a contemporary method of food preservation that increases the shelf life of food. Food goods are frozen, the moisture is extracted in a vacuum chamber, and the products are sealed in an airtight container. They are frequently used in pastries, appetizers, quick soups, confections, snacks, ice creams, pasta meals, and vegetable dip dressings.
The freeze dried vegetables market growth is driven by the growing demand for ready-to-eat products and rising technological advancements. Moreover, the growing e-commerce sector will also propel the market expansion during the forecast period.
According to the report, the global freeze dried vegetables market size was worth around USD 31.5 billion in 2022 and is predicted to grow to around USD 58.7 billion by 2030.
The global Freeze Dried Vegetables market is expected to grow at a CAGR of 8.1% during the forecast period.
The global Freeze Dried Vegetables market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market due to the growing supportive regulatory framework.
The global Freeze Dried Vegetables market is dominated by players like Mondelez International, Nestle S.A., The Kraft Heinz Company, The J M Smucker Company, OFD Foods, Olam International, Asahi Group, Ajinomoto Co., Mercer Foods, Van Drunen Farms and European Freeze Dry Ltd. among others.
The Freeze Dried Vegetables market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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