The global Air-dried Food Market is expected to reach a market valuation of US$ 92.8 Billion by the year 2022, accelerating with a CAGR of 4.3% by 2022-2032.
The rising demand for healthy food that can be stored over a longer period of time has proven to be a boon for the air-dried food market. Future Market Insights (FMI) in a recent study has forecast the market to rise at an impressive pace, a trend which is expected to gather steam in response to increasing health consciousness among consumers.
Market surveys suggest, consumers are more willing than ever before to pay premium price for healthy food. Air drying food helps preserve its nutrients while extending the shelf-life without using any artificial additives. More generally speaking, it is a process of evaporation that helps rid moisture from food thus eliminating the risk of contamination due to bacteria, mold, or yeast.
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Foray of novel and advanced packaging technologies is expected to facilitate expansion of the market. Some of the leading manufacturers are adopting these advanced techniques to air dry food and make them available at a commercial scale. Packaging also helps improving the longevity of the food item.
Dehydrating food is practiced in both household and commercial levels. Market today has several machines, both indigenous and high-end, available for dehydrating smaller quantities of food for home consumption. Commercially, some of the leading food producers use air drying techniques to manufacture ready-to-eat and ready-for-consumption packaged foods.
This is another chief driver of the market. According to FMI, despite their hectic lifestyle, consumers are looking for convenient food that have high nutritive value. Furthermore, awareness pertaining to health and wellness has made them wary about preservatives used in frozen or packaged food. This invariably creates a market, ready to accept the air drying technology that offers better convenience without compromising on the overall quality of food.
FMI in its recent report studies various factors impacting the trajectory of the air-dried food market. It covers factors driving growth and those restraining it. The report also uncovers hidden opportunities for market players. It offers key insights into the market. Some of these are:
Rising commercial application will give tailwinds to the growth witnessed in the air-dried food market Coffee beans are expected to comprise leading market share in terms of products Europe is expected to dominate the global market, however, demand from Asia Pacific is poised to surge considerably over the coming years Air-dried fruits have become a highly popular and high-energy snacking option among consumers
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Who is winning?
The global air-dried food market is characterized by the presence of numerous market players, which has rendered it fragmented. Therefore the market is witnessing frequent product launches besides strategic collaborations as companies aim at gaining competitive advantage. Evidently, they are also under pressure to maintain competitive pricing.
FMI profiles some of the leading companies operating in the global air-dried food market. These include DMH Ingredients, Inc., Dehydrates Inc., Berrifine A, La Frubense, BCFoods, Inc., Saraf Foods Pvt. Ltd., B-B Products (Australia) Pty Ltd., Nestle S.A., FREEZE-DRY FOODS, HOWENIA ENTERPRISE CO., LTD.
Powder & Granule Chunks & Pieces Flakes
North America Latin America Europe East Asia South Asia and AEAN MEA
Air-dried Food Market: Key Research Findings
Future Market Insights (FMI) forecasts impressive growth of the air-dried food market at over 7% CAGR between 2020 and 2030 Spurred by willingness among consumers to pay premium for convenience goods will enable market surpass a whopping US$ 93 Bn of worth by 2020 Advent of innovative packing technologies and materials will create incremental growth opportunities. Following this, the market will witness foray of wooden packaging and stand-up pouches Based on form, powder and granules are likely to be in high demand and hold dominance in the global market Coffee beans will continue dominating as the top product. Rising production of instant coffee and coffee powder will boost growth in the segment
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Frequently Asked Questions
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Explore FMI's related ongoing Coverage on Food and Beverage Domain
GCC Functional Food Market: GCC Functional Food Market: The revenue generated from the sales of functional foods in GCC countries is estimated to be around US$ 4,895 Mn in 2014, and is projected to expand at a CAGR of 10.9% during the forecast period 2015-2020.
Convenience Food Market: The global demand for convenience food is anticipated to rise at a CAGR of 7%. The market revenue is likely to be valued at US$ 552.8 Million in 2022, and exhibit a revenue growth of US$ 1,086.425 Million by 2032.
Future Market Insights (ESOMAR certified 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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