What is the current size and annual growth rate of the freeze drying market?
The freeze drying market size has grown rapidly in recent years. It will grow from $7.46 billion in 2024 to $8.27 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. 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 $12.49 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%. 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 sustainability. 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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What key drivers have fueled the freeze drying market’s development over the years?
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.
What is the segmentation for the freeze drying market?
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
Subsegments:
1) By Tray-Style Freeze Dryers: Single Tray Freeze Dryers, Multi-Tray Freeze Dryers
2) By Manifold Freeze Dryers: Small-Scale Manifold Freeze Dryers, Large-Scale Manifold Freeze Dryers
3) By Shell (Rotary) Freeze Dryers: Pilot-Scale Shell Freeze Dryers, Production-Scale Shell Freeze Dryers
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Freeze Drying Market Report 2025
Who are the most influential companies in the freeze drying market?
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.
What are the top industry trends projected to impact the freeze drying market?
Major companies operating in the freeze-drying market are focusing on technologically advanced freeze-drying technology to increase their profitability in the market. Freeze drying technology is a low-temperature dehydration process that involves freezing a product and lowering the pressure, thereby removing the ice by sublimation. For instance, In July 2022, NJM Insurance Group, an US-based insurance company, introduced the Dara Coolvacuum freeze-drying equipment, aimed at enhancing solutions for the pharmaceutical sector, especially in producing freeze-dried injectable drugs. This equipment reflects NJM’s dedication to providing high-quality, turn-key solutions suitable for laboratories, R&D facilities, and various industries, including pharmaceuticals, chemicals, and cosmetics.
What are the major regional insights for the freeze drying market, and which region holds the top position?
Asia-Pacific was the largest region in the freeze-drying market in 2024. 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.
What Does The Freeze Drying Market Report 2025 Offer?
The freeze drying market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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Freeze Drying Market Report 2025
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