Freeze-drying Market Size & Share, by Equipment (Tray-Style Freeze Dryers, Manifold Freeze Dryers, Rotary Freeze Dryers); End-user (Food Processing & Packaging, Pharmaceuticals, Biotechnology, Biomedical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5216
  • Published Date: Sep 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Freeze-drying Market size is expected to reach USD 15 Billion by the end of 2035, growing at a CAGR of 14% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of freeze-drying was over USD 5 Billion. The demand for lyophilization services is being increased due to the focus on better manufacturing practices. Lyophilization services are being used by pharmaceutical manufacturers to keep APIs and medicinal products sterile. Centers for Medicare & Medicaid Services (CMS) estimates that the National Health Expenditure (NHE) in the United States increased by 5.2% in 2020 compared to 2019.

Due to the fact that freezing is a kind of concentration and does not need any additives in order to enhance its flavor, all freeze-drying procedures or components do not have to be treated differently. This factor is steadily boosting the market growth of freeze-drying. According to information obtained from the U.S. Department of Agriculture, the country spent USD 1.7 trillion on food overall in 2018, an increase of USD 78.2 billion from the previous year. The overall amount spent on food by final consumers increased by almost 4% in 2019 compared to the previous year.


Freeze-drying Market - Overview.PNG
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Freeze-drying Sector: Growth Drivers and Challenges

Growth Drivers

  • Loss of Patent Safety of Several Biologics – The growth of lyophilization for biologics and Biopharmaceutical products will be supported by a growing R&D, as well as the emergence of biosimilars. More than 305 licensed parenteral products from the US FDA have been lyophilized in recent years. In the next few years, lyophilization will be required in over half of all injected medicines which is set to create an ever-increasing demand for lyophilization solutions within the pharmaceutical industry.
  • Increased Usage of Food Preservatives – Lyophilization is used for preserving numerous food products such as fruits, vegetables, meat, fish, herbs, and coffee.  The ability to manufacture clean, whole, and nutritional food ingredients with a highly prolonged shelf life is an important advantage of preserving foods.
  • Increasing Demand in Military – The demand for preserved food is increasing rapidly in the military and space. For instance, the use of high temperatures can make physical as well as chemical changes in food products, and their overall quality is not equivalence with freeze-dried food products.

Challenges

  • Increasing Alternatives for Drying Techniques – Lyophilization is a pricey procedure that requires a significant initial investment, a lot of capital, a lot of energy, and a long processing time. Food, pharmaceutical, and biotechnology firms are concentrating on alternate drying technologies to minimize the cost of products without sacrificing their quality because lyophilization systems are capital-intensive.
  • Achieving the Desired Product
  • High Cost of Lyophilization Process

Freeze-drying Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 14%

Base Year Market Size (2022)

~ USD 5 Billion

Forecast Year Market Size (2035)

~ USD 15 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Freeze-drying Segmentation

Equipment (Tray-Style Freeze Dryers, Manifold Freeze Dryers, Rotary Freeze Dryers)

The tray-style freeze-drying market is expected to have the largest share of 65%. The tray-style category is growing significantly owing to the rising demand for contract manufacturing and contract lyophilization services in the pharmaceutical industry. Also, the growing adoption and need for freeze-dried food products is surging the demand for tray-style freeze dryers. 

End-User (Food Processing & Packaging, Pharmaceuticals, Biotechnology, Biomedical)

The food processing & packaging segment is projected to hold 45% share of the global freeze-drying market owing to beneficial factors such as retaining the nutritional value, and flavour of the food. Also, the increasing freeze-drying process of the food ingredients for the processes fruits & vegetables is escalating the segment growth in the market

Our in-depth analysis of the global market includes the following segments:

          Equipment Type

  • Tray-Style Freeze Dryers
  • Manifold Freeze Dryers
  • Rotary Freeze Dryers

          End-User

  • Food Processing & Packaging
  • Pharmaceuticals
  • Biotechnology
  • Biomedical

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Freeze-drying Industry - Regional Synopsis

APAC Market Forecast

By region, Asia Pacific is expected to hold the largest market share by the end of 2035 with about 39% share. The presence of key players in the lyophilization market in the region and the development of manufacturing units of dominating pharma companies in the Asia Pacific region is expected to drive the market growth during the forecast period. In addition, there has been an increase in the expenditure on research & development by the pharmaceutical companies of countries such as China, and India. For instance, Indian pharmaceutical companies on average spend nearly 12 percent of their annual turnover on research and development every year.

North America Market Statistics

North America is expected to hold the second-largest share of the revenue at about 25% during the forecast period. The market is growing on the account of rising approval of biological products in the region. Furthermore, the advancements and innovations in the products are also driving the market growth. For instance, during the Interphex show in April 2022, NJM introduced Cool vacuum freeze-drying from Dara Pharma Group in the US and Canada. These new releases show the need for lyophilizing equipment and services needed to produce medicines and foodstuffs.

Research Nester
Freeze-drying Market - Region.PNG
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Companies Dominating the Freeze-drying Landscape

top-features-companies
    • GEA Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Martin Christ Gefriertrocknungsanlagen GmbH
    • SP Industries Inc
    • Labconco Corporation
    • Millrock Technology
    • Zirbus Technology GmbH
    • Ajinomoto Co. Inc
    • Thermo
    • IMA Pharma

In-the-news

In The News

  • February 2022 – In order to supply and install Ray freeze-drying equipment at Pol's 4,000 m2 fruit and vegetable freeze-drying factory in Turkey, GEA Group secured a third deal from the well-known food manufacturer.
  • May 2022 - Martin Christ Gefriertrocknungsanlagen, came into a collaboration with Elementar Americas (US). In this partnership, Martin will offer Elementar Americas' product line across the US as a sales, service, and support partner. 

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5216
  • Published Date: Sep 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increased usage of food preservatives, increasing demand in military and the loss of patent safety of several biologics are driving the market growth.

The market size of freeze-drying is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Shanghai Tofflon Science Technology Co., SP Industries Inc, Labconco Corporation, Millrock Technology, Zirbus Technology GmbH, Azbil Corporation, Yamato Scientific Co. Ltd., TAITEC Corporation, Kyowa vacuum Engineering Limited and others

The tray-style freeze dryers’ segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Freeze-drying Market Report Scope
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