The global freeze-dried fruit powder market size is set to exhibit prominent growth owing to the increasing demand for high quality, ready-to-consume food items with extended shelf life. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Freeze-dried Fruit Powder Market, 2019-2026.” The report further mentions that the market is experiencing increasing demand from the bakery sector owing to the high applications of freeze-dried fruit powder in preparing baked goods.
The food and beverages industry has witnessed a rapid surge in the demand for packaged food products with long shelf life amid the COVID-19 pandemic. This is estimated to support the demand for freeze-dried fruit powder during the forecast timeline. However, the overall impact has been negative due to the adversely disrupted supply chain. Leading players of the industry are strategizing new methods to resolve the immediate challenges. At Fortune Business Insights, we help you solve problems related to the market through our detailed market reports.
We have categorized the market on the basis of type, application, and geography. In terms of type, the market is divided into strawberry freeze-dried powder, orange freeze-dried powder, cherry freeze-dried powder, apple freeze-dried powder, banana freeze-dried powder, mango freeze-dried powder, and others. Based on application, it is fragmented into fortified foods, infant foods, bakery snacks and desserts, confectioneries, and beverages. Lastly, on the basis of geography, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East and Africa.
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Highlights of the Report:
In order to prepare this report, we have captured data on the revenue of several key players through secondary sources such as company websites, corporate filings, annual reports, and investor presentations. We have conducted extensive interviews with key industry experts, such as CEOs, VPs, directors, and executives in order to track and analyze competitive developments such as partnerships, mergers and acquisitions, new product launches, and research and development activities. Our next step included the bottom-up procedure to arrive at the overall size of the market.
Drivers and Restraints-
Increasing Demand for Ready-to-consume Packaged Food Products to Drive Growth
The increasing demand for ready-to-eat food products among the urban population worldwide is anticipated to drive the growth of the global freeze-dried fruit powder market. For instance, according to Statista, the total revenue generated from the ready-to-eat food items is forecast to reach USD 464,598 million in 2021. In addition, the increasing utilization of freeze-dried fruit powder in the bakery sector is predicted to further enhance its demand. However, the high cost associated with the freeze-drying process is projected to hinder growth.
A List of Key Manufacturers Operating In the Freeze-dried Fruit Powder Market Report:
- Kanegrade Ltd.
- Verum Ingredients, Inc.
- Mercer Foods, LLC
- SouthAM Freeze Dry
- Chaucer Foods Ltd.
- Halo Corporation Co. Ltd.
- European Freeze Dry
- DMH Ingredients
- Watershed Foods LLC
- Paradise Fruit Solutions GmbH and Co.
Rising Awareness Regarding Benefits of Functional Foods to Propel Demand in North America
The freeze-dried fruit powder market in North America is projected to witness significant growth during the forecast period. Rising awareness regarding the health benefits of functional foods among consumers is strengthening the demand for freeze-dried fruit powder in the region. In addition, the high consumption of ready-to-eat food products in the U.S. is estimated to further propel growth. For instance, According to Statista, in 2018, the average daily spent per person on ready-to-consume items was nearly USD 200 in the U.S.
The market in Europe is estimated to showcase promising growth during the projected timeframe. Factors, such as healthy snacking trends and growing popularity of fruit snacks and beverages, are accelerating the demand for freeze-dried fruit powder in the region.
Presence in Crucial Regions to Aid Prominent Corporations Expand Internationally
The key manufacturers operating in the global freeze-dried fruit powder market are focusing on strengthening their presence in crucial regions by partnering with local players. This will help them expand their business on a global scale. For instance, In August 2019, SouthAM Freeze Dry announced a business partnership with Van Drunen Farms, a fruits and vegetable producer based in the U.S., for international expansion of its business.
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