Asia Pacific freeze-dried food market size was valued at around USD 824.18 million in 2022 and is estimated to reach USD 1.81 million by 2031, expanding at a CAGR of around 9.2% during the forecast period, 2023 – 2031. Growth of the market is attributed to increase in shelf life of vegetable and fruits without affecting original form, rise in demand for convenience food product, and increasing urbanization.
Freeze-dried food means food are dehydrated into low temperature, these processes contain reducing pressure and removing ice which allow more shelf life to product, all moisture in food is removed and then food is packed into airtight bag.
The Covid-19 pandemic affected the demand and supply of freeze-dried food market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Freeze-Dried Food Market Trends, Drivers, Restraints, and Opportunities
Rapid development in food processing sector is projected to boost the market in the coming years.
Increase in demand for convenience food and ready to eat food are major factors fueling the market.
Techniques of drying food such as fluid bed drying and spray drying is projected to restrict the market growth.
Lack of skilled Labor in freeze-dried food market present a main challenge that can hamper the market expansion in the coming years.
R&D investment and technological advancement in freeze-dried food market is projected to offer lucrative opportunities for the market players.
Scope of the Freeze-Dried Food Market Report
The report on the Asia Pacific freeze-dried food market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Freeze-Dried Food Market – Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
Type (Prepared Food, Pet Food, Freeze-dried Poultry, Freeze-dried Vegetables, Freeze-dries Fruits, Meat and Seafood, Freeze-dried Beverages (Other Freeze-dried Beverages, Freeze-dried Tea and Coffee), and Freeze-dried Dairy Product), Distribution Channel (Convenience Store, online Store, Supermarket/Hypermarket, and Others)
Asia Pacific (India, Australia, Japan, China, and Rest of Asia Pacific)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report
Expedition Foods Limited, Harmony House Foods, Inc., Aashi Group Holdings, Ltd., AJINOMOTO CO.,INC., Campers Pantry Pty Ltd., Nestle, and NISSIN FOODS HOLDINGS CO., LTD.
Market Segment Insights
The freeze-dried fruit segment accounts for key share in the market and expected to grow at a rapid pace
Based on types, Asia Pacific freeze-dried food market is divided into prepared food, pet food, freeze-dried poultry, freeze-dried vegetables, freeze-dries fruits, meat and seafood, freeze-dried beverages, and freeze-dried dairy product. The freeze-dried segment is sub-segmented into other freeze-dried beverages and freeze-dried tea and coffee.
The freeze-dried fruit segment accounts for a key share of the market. The growth of the market is attributed to rise in demand for convenience food product and increasing urbanization. However, the freeze-dried vegetables are anticipated to expand at a rapid pace during the forecast period due to increase in food quality and growth in number of working people.
The online store segment is anticipated to expand at a rapid pace during the forecast period
On the basis of distribution channels, the Asia Pacific freeze-dried food market is segmented into convenience store, online store, supermarket/hypermarket, and others. A distribution channel is a chain of intermediaries or businesses through which a service or good are given until it reaches the final buyer or to the end consumer. On online retail, users can sell their services and products to the customers on online platform in any part of the world without additional cost.
The emergence of covid-19 pandemic has spurred the online segment. Customers can find your services, products, and interact with it, anytime and from anywhere; these factors are estimated to boost the market. The customer can also find services and products in social media platform such as Twitter, Facebook, Instagram, and other social media platforms.
On the basis of geography, the Asia Pacific freeze-dried food market is categorized as India, Australia, Japan, China, and Rest of Asia Pacific. The market of Australia is anticipated to expand at a high CAGR during the forecast period due to busy work life and increasing population.
However, the market of Japan is increasing due to rising demand for processed food product. On the other hand, the market of China is growing at rapid pace due to increasing awareness about freeze-dried product, increase in shelf life of products, and rise in number of working people.
The Asia Pacific freeze-dried food market has been segmented on the basis of
- Prepared Food
- Pet Food
- Freeze-dried Poultry
- Freeze-dried Vegetables
- Freeze-dries Fruits
- Meat and Seafood
- Freeze-dried Beverages
- Other Freeze-dried Beverages
- Freeze-dried Tea and Coffee
- Freeze-dried Dairy Product
- Convenience Store
- Online Store
- Asia Pacific
- Rest of Asia Pacific
Key players competing in the Asia Pacific freeze-dried food market include Expedition Foods Limited, Harmony House Foods, Inc., Aashi Group Holdings, Ltd., AJINOMOTO CO., INC., Campers Pantry Pty Ltd., Nestle, and NISSIN FOODS HOLDINGS CO., LTD.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.