Published Date: 16-Jul-2020
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According to a new report Global Air-Dried Food Market, published by KBV research, The Global Air-dried Food Market size is expected to reach $147.7 billion by 2026, rising at a market growth of 9.8% CAGR during the forecast period.
The commercial application segment held the largest share. Air-dried food is commonly used in hotels and restaurants, bakery and confectionery, processed food, and pet industries. Among these, the packaged food industries accounted for a large part of the commercial application category. The household application segment is expected to see the fastest growth in the forecast period. Rapid urbanization in developing countries and changing consumer preferences are expected to have a positive effect on the application of air-dried food products in the household sector.
The powder and granule segment recorded a dominant market share. This form of air-dried food is commonly used in supermarkets, daily meals, and beverages to improve taste, flavor, and nutritional value. Chunks/pieces will see the fast growth in the coming years due to the increasing use of this air-dried food from a variety of recipes and dishes.
Coffee beans dominated the air-dried food market. Spray drying has gained considerable popularity in the coffee beans sector for the production of instant coffee or coffee powder. The fruit and vegetable segment are expected to grow at the fast growth in the forecast period. The growing demand for ready-to-eat food with a longer shelf life is fueling the market for these air-dried items.
Europe dominated the air-dried food market. Increased consumption of processed foods in developed economies, including Germany, the United Kingdom, and France, is expected to enhance the range of air-dried food products. Easy availability of ready-to-eat food kits in various distribution channels, including supermarkets, hypermarkets, and convenience stores, has also fueled the growth of the market in the region. The Asia Pacific is expected to see the highest growth in the coming years due to the growing demand for ready-to-eat and ready-to-eat meals in countries, including China and India.
Structural Insights: https://www.kbvresearch.com/air-dried-food-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestle S.A., Dehydrates, Inc., Saraf Foods Pvt. Ltd., Barrifine A/S, BCFoods, Inc., DMH Ingredients, Inc, Freeze-Dry Foods, Ltd., B-B Products Pty. Ltd., Howenia Enterprise Co., Ltd., and Royal Ridge Fruit & Cold Storage LLC.
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