The Global Freeze Drying Market Size is estimated to be valued US$ 1.1 billion by the end of 2022, and it will develop at an 8.5% CAGR to a valuation of roughly US$ 2.5 billion by 2032. According to a recent Future Market Insights report, dryers will dominate the global market in 2021, with a share of roughly 67.7%.
Freeze Drying, also known as lyophilization, is a method of removing water from a substance in the form of ice by using low pressure and sublimation. This technology has a wide range of applications in the production of high-quality food and pharmaceuticals.
Despite its popularity, significant research on Freeze Drying is ongoing in order to improve process variables for specific applications, improve product attributes through pre-treatments, and reduce energy costs and process time.
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The Freeze Drying procedure’s main purpose is to assure consistent product quality not only within a batch but also between batches. As a result, during Freeze Drying, product temperature becomes an important part of product quality. Consistent product quality is ensured when the product has the same thermal history throughout the batch, from batch to batch, as well as throughout lab scale, pilot scale, and production scale dryers.
Factors such as the constantly developing pharmaceutical and food processing sectors have contributed to the market’s growth. As consumers become more aware of the product’s benefits, such as increased desiccant drying and air-drying efficiency, the market is expected to grow.
Key Takeaways from Market Study
- Dryers are the main product group, accounting for roughly 67.7% of the market in 2021, owing to customer desire for nutrition from whole foods, which is reinforced by the fact that Freeze Drying retains nutritional value better than other drying procedures.
- In 2021, industrial-scale operations will have a market share of roughly 40.6%. Freeze Drying is believed to be the greatest method for dehydrating food on an industrial scale due to the preservation of quality.
- The leading distribution channel in the global Freeze Drying market is biopharmaceutical firms, and this trend is expected to continue with a projected CAGR of 9.7% during the forecasted years.
- North America is considered as the leading region with a value share of 34.8% in 2021, owing to the presence of established biopharmaceutical companies in the region.
“Shifting consumer values, the rapid expansion of the pharmaceutical and food processing industries, and rising consumption of preserved foods are driving the global Freeze Drying market,” says an analyst of Future Market Insights.
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Market Competition
The global market can be characterized as being extremely competitive and consolidated, with a few significant competitors controlling the industry. Additionally, they are investing heavily in R&D to create novel solutions and acquire a competitive edge. To obtain a competitive edge, numerous businesses are engaging in mergers and acquisitions and deploying cutting-edge technologies.
Key developmental instances include:
- Telstar, a division of the Azbil Group, in December 2020, developed a new line of GMP freeze-dryers with a modular design. The new series of lyophilizers sold under the Lyozeta brand is a standardised version of its top-of-the-line GMP customizable freeze-dryers built to function aseptically.
- In order to add two HOF horizontal plate freeze-thaw machines to Sartorius’ product line and offer customers a full selection of relevant freeze-thaw equipment and consumables, a partnership between Sartorius and HOF Sonderanlagenbau was announced in December 2021.
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the Freeze Drying market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global Freeze Drying market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The research study is based on the product (dryer [tray-style dryers, rotary freeze dryers, and manifold freeze dryers], and accessories [drying chamber, vacuum system, CIP (clean-in-place) systems, and other accessories]), scale of operations (pilot-scale, laboratory-scale, and industrial-scale), and distribution channel (biopharmaceutical companies, food and beverage companies, academic and research institutes, CRO & CMO, hospitals, and research laboratories), across seven key regions of the world.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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