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The food industry freeze-drying equipment market share is expected to increase by USD 93.26 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.58%.
This food industry freeze-drying equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers food industry freeze-drying equipment market segmentations by-product (continuous freeze-drying equipment and batch freeze-drying equipment) and geography (Europe, APAC, North America, South America, and MEA). The food industry freeze-drying equipment market report also offers information on several market vendors, including Cuddon Freeze Dry, GEA Group AG, HOF Sonderanlagenbau GmbH, Kemolo Co. Ltd., Kyowa Vacuum Engineering Co. Ltd., Martin Christ Gefriertrocknungsanlagen GmbH, MechaTech Systems Ltd., Pigo Srl, SPX FLOW Inc., and Vikumer Freeze Dry among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The convenient handling and storage offered by freeze-dried foods is notably driving the food industry freeze-drying equipment market growth, although factors such as high cost associated with food industry freeze-drying equipment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the food industry freeze-drying equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Food Industry Freeze-drying Equipment Market Driver
The convenient handling and storage offered by freeze-dried foods are one of the key factors driving the growth of the global food industry freeze-drying equipment market. Freeze-dried food items do not require refrigeration for storage. This also helps food processing plants to use a convenient and easy storage option for freeze-dried food products. The rehydration of freeze-dried food products is also fast and does not require any further boiling or seasoning. These food products can be rehydrated with hot or cold water. The freeze-drying process also helps avoid the deterioration of color and aroma, which has resulted in the increased popularity of the equipment in the coffee industry. Freeze-drying has become a key stage in instant coffee production. After the extraction of ground coffee, it is freeze-dried to obtain a solid soluble coffee. Convenient handling of freeze-dried food products encourages food processing plants to invest in freeze dryers, which is expected to propel the market's growth during the forecast period. This will also attract new freeze-dried food processing plants to expand their presence during the forecast period.
Key Food Industry Freeze-drying Equipment Market Trend
The growing prevalence of acid-related disorders such as peptic ulcers and gastroesophageal reflux disease (GERD) is a key driver for the Proton Pump Inhibitors (PPIs) market. PPIs reduce excessive stomach acid, alleviating symptoms like heartburn and promoting ulcer healing. Lifestyle factors such as obesity, smoking, alcohol consumption, and dietary habits also fuel demand. Additionally, the increasing geriatric population, who are more prone to these disorders, drives demand for PPIs as part of geriatric medicines. Regulatory agencies ensure the safety and efficacy of PPIs, enhancing market confidence. Tray-style freeze dryers, essential in pharmaceutical lyophilization, help prepare PPIs. These advanced dryers allow products to be frozen in place and perform both primary and secondary freeze-drying, ensuring the driest end products.
Key Food Industry Freeze-drying Equipment Market Challenge
The high cost associated with food industry freeze-drying equipment is a major challenge for the global food industry freeze-drying equipment market growth. There are many drying techniques available in the food processing sector, which are expected to hinder the growth of the food industry's freeze-drying equipment market during the forecast period. Freeze dryers require comparatively higher investments when compared with spray dryers or other types of drying equipment used for the food industry. Also, the energy consumed by the food industry freeze-drying equipment is comparatively more than that of spray dryers. This makes the costs of the process and expenses associated with the food industry freeze dryers higher in the market. This can also lead to high prices for freeze-dried food products compared with spray-dried food products. For instance, the energy consumption of food industry freeze-drying equipment is more than 6,000 kJ per liter of water evaporation, whereas the energy consumption of food industry spray-drying equipment is 5,000 kJ per liter of water evaporation. This can make food processing companies invest in other types of drying equipment, thereby affecting the growth of the food industry freeze-drying equipment market during the forecast period
This food industry freeze-drying equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global food industry freeze-drying equipment market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the food industry freeze-drying equipment market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the food industry freeze-drying equipment market encompasses successful business strategies deployed by the key vendors. The food industry freeze-drying equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The food industry freeze-drying equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the food industry freeze-drying equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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38% of the market's growth will originate from Europe during the forecast period. UK and Germany are the key markets for the food industry freeze-drying equipment market in Europe. Market growth in this region will be slower than the growth of the market in regions.
The convenient handling and storage offered by freeze-dried foods will facilitate the food industry's freeze-drying equipment market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a moderate impact on the market in Europe in 2020 due to a reduction in the purchase of packaged food products that are made using freeze-drying equipment. Europe was severely affected by the outbreak of COVID-19 and was among the worst-hit regions globally. However, in the first half of 2021, most of the lockdowns were lifted, and production activities resumed owing to the vaccination programs conducted all over Europe. Thus, the demand for food industry freeze-drying equipment is anticipated to grow in the region during the forecast period.
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The food industry freeze-drying equipment market share growth by the Continuous freeze-drying equipment segment will be significant during the forecast period. The food industry's continuous freeze-drying equipment is designed for the continuous processing of a high volume of food products. The use of the food industry's continuous freeze-drying equipment can influence the freeze-drying process in terms of energy consumption and uniformity of end products.
This report provides an accurate prediction of the contribution of all the segments to the growth of the food industry freeze-drying equipment market size and actionable market insights on post COVID-19 impact on each segment.
Food Industry Freeze-drying Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.58% |
Market growth 2021-2025 |
USD 93.26 million |
Market structure |
Fragmented |
YoY growth (%) |
1.85 |
Regional analysis |
Europe, APAC, North America, South America, and MEA |
Performing market contribution |
Europe at 38% |
Key consumer countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Cuddon Freeze Dry, GEA Group AG, HOF Sonderanlagenbau GmbH, Kemolo Co. Ltd., Kyowa Vacuum Engineering Co. Ltd., Martin Christ Gefriertrocknungsanlagen GmbH, MechaTech Systems Ltd., Pigo Srl, SPX FLOW Inc., and Vikumer Freeze Dry |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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