REPORT ATTRIBUTE | DETAILS |
---|---|
MARKET SIZE (2032) | USD 145 Billion |
MARKET SIZE (2023) | USD 94 Billion |
CAGR (2023-2029) | 4% |
HISTORIC YEAR | 2019 |
BASE YEAR | 2023 |
FORECAST YEAR | 2032 |
BY TYPE | Fruits Vegetables Coffee Beans Herbs Meat Others |
BY APPLICATION | Supermarkets & Hypermarkets Convenience Stores Online Retailers |
GEOGRAPHIC ANALYSIS | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
KEY PLAYERS | Air Dried Fruit & Veg, Ajinomoto Co., Inc., Asahi Group Holdings, Ltd., Backpacker’s Pantry, Inc., B-B Products (Australia) Pty Ltd., BCFoods, Berrifine A/S, Dehydrates Inc., Dehydrates Inc., DMH Ingredients Inc., European Freeze Dry Ltd., Freeze-Dry Foods GmbH, Freeze-Dry Foods GmbH, Fujian Lixing Foods Co., Ltd., Guangdong Renji Tianyuan Food Co., Ltd., Harmony House Foods, Inc, Honeyville, Inc., Howenia Enterprise Co. Ltd., Katadyn Group, La Frubense, Mercer Foods, LLC, Milne Fruit Products Inc., Mondelez International Inc., Nestle S.A., Nissin Foods Holdings Co., Ltd., OFD Foods, LLC, Oregon Freeze Dry, Inc., Royal Ridge Fruits, Saraf Foods Ltd., Seawind Foods, Silva International, Sresta Natural Bioproducts Pvt. Ltd., The Kraft Heinz Company, Thomas Creek Farms, Ting Hsin International Group, Unilever Group, Van Drunen Farms. |
Air-Dried Food Market Overview
The air-dried food market in 2022 was close to US$ 92.8 billion. It is likely to have produced US$ 146.4 billion by 2033, registering a CAGR of 4.1% from 2023 to 2033.
Air-Dried Food Market Trends
In recent years, there has been a notable rise in the popularity of raw pet food that undergoes dehydration, freezing, or air-drying processes. According to research conducted by NielsenIQ, sales of freeze-dried pet food experienced a significant growth of 31.1 percent in 2021. Another emerging segment in the pet food market is diets for pets that incorporate functional additives, aiming to provide more than just essential nutrition. Pet parents are increasingly seeking out functional pet food formulas that cater to specific needs such as allergies, weight management, joint health, stress alleviation, and gut health.
Air-Dried Food Market Dynamics
Drivers
Growth of the Air-Dried Food Market Would Be Aided by Demand from A Variety of Segments
Air-dried food is highly sought after in both the commercial and residential sectors. For instance, breakfast cereals are a popular choice for air-dried food in homes. Air-dried foods are also utilized as healthy snacks, desserts, and convenient meals. Moreover, air-dried foods are considered to be highly beneficial for pets. Pets are commonly given air-dried meat, for instance. Since these meats are not cooked, most of the nutrients present in real meat are retained, ensuring that proteins, vitamins, enzymes, and amino acids remain intact. Pet owners are increasingly seeking nutritious pet food that is free from artificial preservatives, leading them to opt for air-dried pet food. The air-dried food market is projected to experience significant growth in the coming years, fueled by demand from various sectors. The introduction of non-GMO varieties will further boost market expansion.
Restraint
The market's expansion is anticipated to be limited due to the significant expenses involved in manufacturing goods. Moreover, the market's growth is impeded by the insufficient knowledge about the products. Factors such as the change in food texture, the reduction of certain vitamins, and the potential cost of food drying contribute to these limitations. While drying food for preservation can retain more essential elements in certain types of food compared to alternative methods, it can also result in unfavorable outcomes if inappropriate foods are dried or if the process is not executed correctly. These challenges may act as restraints in the market.
Opportunities
Innovative Product Development: In response to evolving consumer preferences and dietary trends, the air-dried food sector presents opportunities for innovative product development and diversification. This includes introducing new flavors, formulations, and packaging formats. Expansion into Emerging Markets: Air-dried food products have the potential to penetrate new markets and cater to diverse customer segments, such as health-conscious individuals, athletes, and outdoor enthusiasts seeking convenient and nutritious snack options. This opens up avenues for enhanced growth prospects. Health and Wellness Trends: The increasing focus on health and wellness is paving the way for profitable prospects in the air-dried food industry. The demand for natural, clean-label, and nutrient-rich alternatives over processed snacks is driving market expansion. Marketing strategies that emphasize the functional aspects and health benefits are expected to attract health-conscious consumers. Adoption of Sustainable Practices: With the rising consumer awareness regarding environmental sustainability, air-dried food manufacturers can integrate sustainable practices across all production stages. This includes utilizing eco-friendly packaging solutions, reducing food wastage, and sourcing locally grown ingredients.
Challenge
Compared to fresh or traditionally dried options, air-dried foods can exhibit distinct textures and flavors. Achieving the right level of dehydration while preserving sensory attributes can be a challenge for producers. The costs associated with technology and equipment for air drying, as well as the energy consumption during the drying process, can accumulate quickly. Balancing manufacturing expenses with product quality and consistency is a dilemma faced by manufacturers. Air-dried food faces competition from traditional drying methods, vacuum drying, freeze-drying, and other preservation techniques. To differentiate from other methods, one must excel in terms of taste, quality, and nutritional value. Due to specific storage and transportation requirements, maintaining the quality and shelf life of air-dried foods can be a concern. Efficient logistics and distribution are crucial to minimize the risk of product damage or spoilage in the supply chain.
Air-Dried Food Market Segments
Air-Dried Food Market Key Players
Air-Dried Food Market Recent Development
Recent developments in the air-dried food market include the introduction of innovative product lines featuring exotic fruits, vegetables, and ready-to-eat meals, along with advancements in air-drying technology to improve quality and nutritional retention. Key players have engaged in strategic acquisitions and partnerships to expand their market presence, particularly in emerging markets like Asia-Pacific and Latin America. There's a strong focus on sustainability, with eco-friendly production practices and sustainable packaging. Additionally, companies are launching premium air-dried products targeting upscale consumers and increasing investment in research and development to further enhance the air-drying process and extend product shelf life.
FAQs
What is the market size of Air Dried Food Market?
Ans: Air Dried Food Market size was valued at USD 20.58 billion in 2019 and is poised to grow from USD 22.63 billion in 2023 to USD 53.28 billion by 2031, growing at a CAGR of 9.98% in the forecast period (2024-2031)
What is the expected growth of the air-dried food market from 2023 to 2033?
Ans: The air-dried food market is expected to grow at a 4.1% CAGR from 2023 to 2033
By product type, which segment gaining traction for the sales of air-dried food?
Ans: Coffee beans are expected to account for more than half of the air-dried food industry by 2022
Which region accounted for the largest share in Air Dried Food Market?
Ans: In 2021, with a market share of 65 % in the region, the value of air-dried food in the North American region is 42 billion dollars, or 39% of the value of air-dried food worldwide.
Who are the leading players in the Air-Dried Food Market?
Ans: Some of the top prominent players in Air-Dried Food Market are, Air Dried Fruit & Veg, Ajinomoto Co., Inc., Asahi Group Holdings, Ltd., Backpacker’s Pantry, Inc., B-B Products (Australia) Pty Ltd., BCFoods, Berrifine A/S, Dehydrates Inc., Dehydrates Inc., DMH Ingredients Inc., European Freeze Dry Ltd., Freeze-Dry Foods GmbH, Freeze-Dry Foods GmbH, Fujian Lixing Foods Co., Ltd., Guangdong Renji Tianyuan Food Co., Ltd., Harmony House Foods, Inc, Honeyville, Inc., Howenia Enterprise Co. Ltd., Katadyn Group, La Frubense, Mercer Foods, LLC, Milne Fruit Products Inc., Mondelez International Inc., Nestle S.A., Nissin Foods Holdings Co., Ltd., OFD Foods, LLC, Oregon Freeze Dry, Inc., Royal Ridge Fruits, Saraf Foods Ltd., Seawind Foods, Silva International, Sresta Natural Bioproducts Pvt. Ltd., The Kraft Heinz Company, Thomas Creek Farms, Ting Hsin International Group, Unilever Group, Van Drunen Farms.
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