The air-dried food Industry is expected to be worth around USD 92.8 billion in 2022. It is expected to have generated US$ 146.4 billion by 2033, with a CAGR of 4.1% during the forecast period, 2023 to 2033. Positive market growth has been influenced by the development of improved packaging materials, such as stand-up pouches, paper packets, as well as wooden packaging.
Leading manufacturers have started using cutting-edge packaging techniques to shield their goods from contaminants that can be caused by humidity, temperature, and microbes. Packaging increases product longevity and shields it from transportation-related harm. In light of this, the growth of the packaging sector will likely lead to an increase in demand for dehydrated nutritious goods in the future years. Consumers have been choosing goods with fewer preservation agents, low fat, high nutritional value, and cholesterol during the previous several years. Growing consumer preference for nutritious product types has spurred market expansion. The nutritional content of a food is also little impacted by the air-drying procedure.
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The high vitamin A concentration in vegetables and fruits like carrots, sweet potatoes, peppers, as well as winter squash allows them to be packed while maintaining their nutritious value. A favorable view toward organically farmed food on a worldwide scale as a result of government regulations that encourage expanding domestic organic production is anticipated to boost market expansion.
Key Takeaways from the Market Study
- From 2018 to 2022, the worldwide market value of air-dried food increased at a CAGR of about 2.4 percent.
- Coffee beans are expected to account for over fifty percent of the air-dried food industry by 2022.
- In 2022, the powders and granules sector will have a market share of 64%.
- Customers prefer online platforms over supermarkets, hypermarkets, as well as convenience stores because they are less expensive and more convenient.
- Air-dried food is worth $42.1 billion in the North American area.
- In 2022, the United States market for air-dried foods will account for 22.1% of the global market.
- The European region’s Air-dried Food market is worth 18.6 billion dollars, which represents 20% of the worldwide Air-dried Food industry.
“The market’s potential will grow as a result of increased health consciousness, evolving lifestyles, along with rising consumer willingness to spend more for convenience items. Easy availability to a wide range of packaging supplies and cutting-edge technology have increased the air-dried food industry’s potential for expansion on a worldwide scale,” remarks an FMI analyst.
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Competitive Landscape
A significant proportion of small and medium-sized enterprises contribute to the sector’s fragmentation. Product introductions and corporate expansion strategies like acquisitions and mergers are beneficial to air-dried food producers. Businesses in the air-dried food industry compete fiercely. They are focusing on capacity growth in order to gain a competitive edge in addition to partnerships and product launches.
Prominent players in the air-dried food market are:
- Saraf Foods Pvt. Ltd.
- Berrifine A/
- La Frubense, BCFoods, Inc.
- Nestle S.A.
- B-B Products (Australia) Pty Ltd.
- FREEZE-DRY FOODS
- DMH Ingredients, Inc.
- HOWENIA ENTERPRISE CO., LTD
Some key developments of the leading companies in this market are:
- Ice Make Refrigeration Limited, an established manufacturer as well as distributor of refrigeration solution equipment, introduced a new food dehydration device in January 2019. It can be used to dehydrate a variety of food products.
- The British biscuit producer Fox’s Biscuits announced the introduction of their new cookie line in April 2019 that includes dried raspberry along with hazelnut.
- Culinary Farms, a manufacturer of dried vegetables, fruits, herbs, and spices, was purchased by BC Foods Inc. in July 2017. The previous firm was able to improve its product offering and provide the food sector with greater service thanks to this purchase.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global air-dried food market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the air-dried food market, the market is segmented on the basis of fiber by technique (hot air-dried food, freeze-dried food), product (fruits & vegetables, herbs & spices, meat & seafood, others), form (powder, granules, flakes), and end-user (processed food industry, HoReCa sector, household) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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