Overview and Scope
Freeze drying, also known as lyophilization refers to a method of preserving perishable materials, such as food, pharmaceuticals, and biological samples, by removing the moisture content through a process of sublimation. It is used to preserve the nutritional content such as minerals, vitamins, and antioxidants of various food items. Freeze drying offers various benefits such as increasing the shelf life of food items, preservation of nutrients, and eliminating the risk of food damage.
Sizing and Forecast
The freeze drying market size has grown rapidly in recent years. It will grow from $6.7 billion in 2023 to $7.46 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to growth of virtual reality (vr) and augmented reality (ar), rise of mobile gaming, indie game development, global expansion of gaming industry, cross-platform compatibility.
The freeze drying market size is expected to see rapid growth in the next few years. It will grow to $11.25 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to cloud gaming services, integration of artificial intelligence (ai), blockchain and nft integration, expansion of augmented reality (ar) gaming, focus on sustainabilit. Major trends in the forecast period include real-time ray tracing technology, technological advancements, cross-platform development, blockchain for in-game transactions, user-generated content (ugc) integration.
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Segmentation & Regional Insights
The freeze drying market covered in this report is segmented –
1) By Type: Tray-Style Freeze Dryers, Manifold Freeze Dryers, Shell (Rotary) Freeze Dryers
2) By Product: Bench Top Freeze Dryers, Laboratory Freeze Dryers, Mobile Freeze Dryers, General Purpose Freeze Dryers, Industrial Freeze Dryers, Other Products
3) By Scale of Operation: Industrial-Scale Lyophilization Equipment, Pilot-Scale Lyophilization Equipment, Laboratory-Scale Lyophilization Equipment
4) By Application: Biotechnology, Pharmaceuticals, Food Processing, Surgical Procedures, Other Applications
Asia-Pacific was the largest region in the freeze drying market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the freeze drying market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for ready-to-eat foods is expected to propel the growth of the freeze drying market going forward. Ready-to-eat food is a meal that has been prepared and packaged before serving and requires no additional preparation or cooking. Freeze drying is used in ready-to-eat foods to remove moisture from food at low temperatures and under a vacuum, creating lightweight, shelf-stable products that retain their original qualities remarkably well. For instance, in 2022, according to the Ministry of Commerce & Industry, India, India’s exports of ready-to-eat foods increased by 24% to $ 394 million in 2021-22 (April-October). Therefore, the increasing demand for ready-to-eat foods is driving the growth of the freeze drying market.
Key Industry Players
Major companies operating in the freeze drying market report are GEA Group AG, Azbil Corporation, ULVAC Inc., IMA S.p.A., Tiermax Inc., Shanghai Tofflon Science Technology Co. Ltd., OPTIMA Packaging Group GmbH, BÜCHI Labortechnik AG, Telstar S.A.U. , HOF Sonderanlagenbau GmbH, LabTech S.r.l., SP Industries Inc., SiccaDania A/S, Freezedry Specialties Inc., Harvest Right LLC, Cryotech Deicing Technology, Cuddon Freeze Dry, Hosokawa Micron Corporation, Martin Christ Gefriertrocknungsanlagen GmbH, Yamato Scientific America Inc., Zirbus Technology GmbH, Millipore Corporation, Dara Pharma Group Ltd., MechaTech Systems Ltd., Labconco Corporation, Labstac LLC,  Hudson Valley Lyo Mac Inc., Parker Freeze Dry Inc., Gardner Denver Inc., Millrock Technology Inc.
The freeze drying market report table of contents includes:
1. Executive Summary
2. Freeze Drying Market Characteristics
3. Freeze Drying Market Trends And Strategies
4. Freeze Drying Market – Macro Economic Scenario
5. Global Freeze Drying Market Size and Growth
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31. Freeze Drying Market Other Major And Innovative Companies
32. Global Freeze Drying Market Competitive Benchmarking
33. Global Freeze Drying Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Freeze Drying Market
35. Freeze Drying Market Future Outlook and Potential Analysis
36.Appendix
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