The Freeze Dried Foods Market is being driven by Growth of organized retail sector
The Freeze Dried Foods Market is expected to grow at a CAGR of 9.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 43.87 billion. The global freeze-dried foods market has experienced substantial growth over the past decade, driven in large part by the emergence of online distribution channels, particularly e-commerce. This business model allows consumers to access a diverse range of regional and international freeze-dried food brands. The proliferation of e-commerce vendors, fueled by the widespread adoption of smartphones, has further accelerated market expansion. Major e-retailers such as Amazon.com, Alibaba Inc., and eBay Inc. dominate the global online market for freeze-dried foods. Shoppers benefit from personalized assistance and recommendations when purchasing these products online.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.4% |
Market growth 2024-2028 |
USD 43.87 billion |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
8.4 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Freeze-Dried Food Market is witnessing significant growth due to the increasing demand for healthy, convenient, and ready-to-consume food options. Companies like Harvester Farms and Brothers All Natural are leading the charge in this category, offering a range of freeze-dried sweet corn and vegetables. These ready-to-consume food packages are ideal for those following dietary preferences or health and nutrition trends. However, the market also caters to those seeking comfort food, with ready-to-cook food packages and ready-to-eat meals, including meat products. The wellness trend has led to an increase in demand for healthy and nutritious freeze-dried food items, such as vegetable snacks, fruit snacks, cereal products, bakery products, and more. Advik Foods is another key player in the market, utilizing advanced freeze-drying techniques to preserve the nutritional perks of their products. Despite the convenience, some consumers remain cautious of artificial food additives used in the food-processing sector. The market is also popular among outdoor enthusiasts, such as hikers, due to the lightweight packaging and ease of preparation. With disposable incomes on the rise, the demand for freeze-dried food items is expected to continue growing in the coming years.
The global packaged foods and meats market encompasses vendors engaged in food processing to eliminate microorganisms and enhance preservation. According to Technavio, the market's size is determined by the consolidated revenue generated by the market participants. This market segment excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Key growth drivers for the global packaged foods and meats market include the health benefits linked to the consumption of minimally processed foods. Minimally processed items, such as vegetables, are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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