The global freeze-drying market is anticipated to grow at a considerable CAGR of around 7.4%, by 2031. The market growth is driven by the increasing demand in the pharmaceutical and food industry and the rise in the number of convenience stores. Additionally, the growing consumer spending on food, beverages, and catering is contributing to the market growth. Furthermore, the high demand for processed food is directly contributing to regions such as North America, which is contributing to market growth.
It is believed that freeze-drying is the best method of drying. However, the method selection is critical, as wrong method selection may cause unfavorable changes in the material, such as shrinkage, color change, and collapsed structure. Freeze-drying is effective at retaining antioxidants, such as anthocyanins, flavonoids, and ascorbic acid or vitamin C. However, freeze-drying may sometimes increase the phytochemical concentration in some fruits. Most commonly freeze-dried food includes fruits (such as strawberries, blackberries, bananas, and more), vegetables (such as carrots, pumpkin, tomatoes, and more), meats (such as beef, fish, chicken, and more), and grains (such as cooked rice, beans, pasta, and more), among others.
The major companies serving the global freeze-drying market are HOF Sonderanlagenbau GmbH, Zirbus Technology GmbH, Azbil Corp., Millrock Technology, Inc., Cryotec.Fr, MechaTech Systems Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, new product launches, and more.
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