The global spray-dried food market is expected to achieve a compound annual growth rate (CAGR) of 7.7% from 2022 to 2032. By By 2032, the global market is expected to have risen from US$ 54,122.2 million in 2022 to US$ 1,13,260.9 million. The utilization of hot gas in the production process is driving the rapid expansion of the spray-dried food goods market. Therefore, it is anticipated that the spray-dried food business would probably see significant increase during the estimated timeframe.
The spray dryer market for the food industry will expand significantly in the next years. Since it preserves the texture of the food product rather than altering its color or scent, its market momentum is growing. Furthermore, the market for food products that have been spray-dried is growing, and the dairy and coffee sectors make extensive use of spray dryers. Given that spray-dried food products are less expensive than freeze-dried food goods, the global market for these foods is anticipated to grow.
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Key Takeaways
- It is expected that there is a significant rise in the awareness level amongst the consumer of the health benefits associated with the rising consumption of spray-dried food. One can relish the natural taste of the food retaining the flavor untampered.
- It has been identified that the dairy industry is a primary contributor driving the spray-dried food market growth. Furthermore, a spray dryer is likely to remove the water content from food preventing bacteria growth with the help of dehydration and prolonging the shelf life of dairy products.
- It is predicted that consumers prefer convenience when it comes to day-to-day life. They are massively taking over the habits that are natural and making conscious choices by actively choosing spray-dried foods. Consumers are avoiding foods that contain more chemicals and pesticides than needed. Therefore, resorting to such easy and health-conscious choices is a major driver bolstering the growth of the spray-dried food industry.
- It has been witnessed that strict norms and safety regulations within the food industry are likely to pose a challenge to the advancement of the spray-dried food industry. The surging costs associated with the production of spray dryers are a concern for the market players.
- High energy consumption is seen in drying the food, and the cost of equipment is on a significant rise as well. Moreover, the emergence of the latest technologies is rapidly being worked upon in order to minimize the impact of such factors, hindering the propelling of the spray-dried food market.
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Competitive Landscape
Key manufacturers in the global spray-dried food industry are actively offering healthier products to more health-conscious consumers. Furthermore, technological advancements are helping in lowering the cost of equipment and the consumption of energy.
The start-ups within the spray-dried food industry market are rapidly improving the quality of the products by deploying frequent innovations to improve the capacity of the spray dryers in the food industry.
More Insights into the Spray-Dried Food Market
North America is predicted to dominate the global spray-dried food industry over the forecast period. At present, the North American region cumulatively holds a total of 27.8% of the total market share for spray-dried food.
The growth of the global spray-dried food industry is attributed to the rising population of this region, who are conscious of the health and nutrition factors for what they are consuming. Furthermore, the government is providing grants to emerging companies in order to carry out research and development activities.
These activities help bring additive-free natural food products into the market, creating robust opportunities for the market to grow.
Europe is projected to have substantial growth throughout the forecast period as it accounts for around 24.5% of the total market share. The European region is expected to bolster because a deep-rooted culture prevails in the European region around convenience food. Such foods can easily be cooked or packed at home without any prior preparation needed.
Massive dairy and snacking industries have been set up within the European region, which is likely to influence economic growth, and people are continuing to eat out as per the trend, as compared to consumers having outside food previously.
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Key Segments in The Spray Dried Food Market
By Type:
- Fruits and vegetables
- Beverage
- Dairy Products
- Fish
By Application:
- Supermarkets and Hypermarkets
- Independent Retailers
- Specialist Retailers
- Online Stores
- Other
By Category:
- Specialist Retailers
- Supermarkets and Hypermarkets
- Independent Retailers
- Other End Users
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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