Freeze Dried Fruits & Vegetables Market is growing at 7% 2019-2025 | Global Projections
Asia Pacific Freeze Dried Fruits & Vegetables Market will register a revenue exceeding USD 15 billion by 2025 favoring by high population, increasing disposable income, and penetration of different retail formats.
Selbyville, United States – May 28, 2019 /MarketersMedia/ —
Europe will capture more than 30% share of Freeze Dried Fruits & Vegetables Market in forecast spell. This is all due to the rising demand from food packaging industries along with surge in personnel income level. North America freeze dried fruits & vegetables market is expected to grow with a CAGR more than 6%, in terms of revenue by 2025.
Based on form, the market is segmented into chunks/pieces, powders & granules and flakes. Flakes will capture more than 35% revenue share by 2025. Chunks/pieces will cross 900 kilo tons during the forecast time span.
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Based on distribution channel, the market is classified into convenience stores, supermarkets & hypermarkets and online retailers. Convenience stores will reach over USD 25 billion by the end of forecast years. In terms of revenue, online retailers will grow at a CAGR more than 5% in future due to their ability to showcase large number of products at one platform and provision of ease of accessibility.
Lack of awareness about the product will be a major factor that may hinder the freeze dried fruits & vegetables market development in the forecast years. Although the product is used in many packaged food formulations, the awareness level among consumers about its advantages is still low, especially in Asia Pacific and Latin America, where fresh fruits and vegetables are consumed at a significant rate. These reasons may hamper the freeze dried fruits & vegetables industry in coming years.
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Increasing popularity of packaged food will be a major factor behind the freeze dried vegetables and fruits market growth. The product is extensively used in preparing many packaged food items such as soups, juices, ready-to-eat meals, etc. The advantages of the product over fresh fruits and vegetables will augment the industry growth in the forecast years. Freeze drying is considered as the best drying process for packaging food and beverage products as it maintains the structural integrity and preserves the flavor.
Coffee beans is a major product type in the freeze dried vegetables and fruits market. A significant amount of instant coffee available in the market is dried using this technology. The segment will register a revenue above USD 5 billion by 2025 and will gain the market by a steady rate owing to increasing instant coffee demand across the globe.
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Chunks/pieces is a key form in which freeze dried food are available in the market. Fruits and vegetables chunks, pieces or slices are majorly used in a wide range of food products such as confectionaries, soups, bakeries, meal boxes, etc. The segment will register a revenue of approximately USD 30 billion by the end of the forecast years.
Key participants in the global freeze dried vegetables and fruits market includes, Mondelez International, Nestle, The Kraft Heinz Company, OFD Foods, Asahi Group, Olam International, Ajinomoto Co., European Freeze Dry Ltd., Mercer Foods, etc.
Contact Info:
Name: Arun Hegde
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/freeze-dried-fruits-and-vegetables-market
Source: MarketersMedia
Release ID: 517280
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