Freeze Drying Equipment Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

The global Freeze-Drying Equipment Market is projected to witness a rise in revenue from US$ 2,118 Mn in 2021 to US$ 3,346.0 Mn by 2027. The market is registering a CAGR of 8.1% during the forecast period 2022-2027. In terms of volume, the market was valued at 460,826 units in 2021 and is forecasted to reach 575,750 units by 2027, registering a CAGR of 5.9% over the forecast period 2022-2027. Freeze-drying is the process of removing ice or other frozen materials by removing water molecules from the products. Controlled freeze drying keeps the temperature of the products low enough during the process for avoiding changes in the appearance or characteristics of the product. The equipment and accessories used in the freeze-drying systems include vacuum systems for removing non-condensable vapors from the system, loading and unloading systems, controlling and monitoring systems for monitoring of dependent parameters such as sublimation endpoint, product temperature, and many more. The freeze-drying process has found its application in many industries for several years, most commonly being used in the pharmaceutical and food industries.  

The market is majorly driven by factors such as increasing contract manufacturing and lyophilization services, increasing demand for freeze-drying of new biologic drugs and injectable formulations, and rising adoption of freeze-drying technology for delicate and sensitive materials of high value. Pharmaceutical industries have a significant contribution to the growth of freeze-drying technology, backed by various pivotal factors, such as growing contract manufacturing services in lyophilization, growing investment for R&D programs, and others. Additionally, freezing drying equipment is also finding an increased usage in food processing due to the growing inclination of individuals towards packaged food products on account of changing lifestyles, busy schedules, and inflating disposable incomes. Freeze-dried products have a long shelf-life since this technology is protected against humidity, light, and oxygen and can be stored for a long time without affecting the quality and texture of the product. However, stringent rules and regulations in the pharmaceutical and food and beverage industries act as a barrier to the growth of the global freeze-drying market. Further, the high cost of freeze-drying technology is also hampering the market growth. 

Key Insights of the Report: 

• The latest study published by Astute Analytica analyzes the Global Freeze-Drying Equipment Market for the study period of 2017-2027; where historical years are 2017-2020, the base year is 2021, and the forecast period is 2022-2027.
• The research report offers a detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with an attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.
• The research study is a compilation of 35 chapters distributed across 675 pages with 256 lists tables and 323 lists of figures.
• The market is segmented based on equipment type, the scale of operation, capacity, application, and region.
• The market estimates are presented in terms of value (US$ Mn) and Volume (Units).
• Along with market estimations, the market study was conducted on the basis of various economic models such as PESTLE and Porter’s five force models.
• Detailed value chain analysis of the industry was conducted. It includes component/material providers, manufacturers, distributors, and end-users.
• The competitive dashboard section includes analysis on the basis of Concentration Ratio (CR), based on market size and market presence of key companies.

Key Takeaways from the Global Freeze-Drying Equipment Market Report

• Based on equipment type, the tray-style freeze dryer segment holds the highest share in the Global Freeze-Drying Equipment Market in 2021 and has the highest CAGR over the forecast period. Tray-style freeze dryers are being used for industrial-scale production, mainly in the frozen food industry/instant packaged food.
• In terms of the scale of operation, industrial freeze dryers lead the freeze-drying equipment market in 2021. Industrial freeze-dryers help in removing the solvent (generally water) from a solution. It has applications in the food processing, dairy industry, nutraceuticals, pharmaceuticals, research, taxidermy, and many others. Laboratory scale freeze dryers have the highest CAGR during the forecast period.
• Among all the capacity range of freeze-drying equipment, the 10-150kg freeze-drying equipment contributes the major share in the global freeze-drying market. Moreover, the demand for 10-150 kg freeze-drying equipment will remain high during the forecast period.
• The food processing and packaging industry is the highest end-user of freeze-drying equipment as the freeze-drying method removes water, reduces the overall weight of the food, and helps in easy storage and transportation of food. Three major markets of freeze-dried food include the US, Europe, and Japan due to their high consumption of freeze-dried food and the presence of major market players.
• The Asia Pacific dominates the global freeze-drying equipment market in 2021 and is further expected to continue its dominance over the projection period. This is mainly attributed to the growth of the pharmaceutical and food sectors in the Asia Pacific. China and India are the major contributors to the growth of the regional market.

Competitive Landscape

The key players in the Global Freeze-Drying Equipment Market are Azbil Corporation, GEA Group, SP Industries Inc., Optima Packaging Group GmbH, and Industria Macchine Automatiche S.p.A. among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview

Global Freeze-Drying Equipment Market is segmented based on equipment type, the scale of operation, capacity, application, and region. These segments are further subdivided to get a holistic picture of the market.  The following are the different segments of the Global Freeze-Drying Equipment Market:

By Equipment Type segment of the Global Freeze-Drying Equipment Market is sub-segmented into:

• Bench-top freeze-dryers
• Tray-style freeze dryers
• Manifold freeze dryers
• Rotary freeze dryers
• Mobile freeze dryers
• Parts & Accessories

By Scale of Operation segment of the Global Freeze-Drying Equipment Market is sub-segmented into:

• Industrial freeze dryers
• Commercial freeze dryers
• Laboratory freeze dryers
• Pilot-scale freeze dryers

By Capacity segment of the Global Freeze-Drying Equipment Market is sub-segmented into:

• <10 Kg
• 10-150 Kg
• 150-500 kg
• 500-1000 kg
• >1000 Kg

By Application segment of the Global Freeze-Drying Equipment Market is sub-segmented into:

• Biotechnology
• Chemicals & Pharmaceuticals
• Food Processing and Packaging
• Healthcare/ Medical
• Others (Research, Preservation)

By Region segment of the Global Freeze-Drying Equipment Market is sub-segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Spain
  • Italy
  • Russia
  • Rest of Europe
• Asia
  • China
  • India
  • Japan
  • South Korea
  • South East Asia (SEA)
    • Malaysia
    • Indonesia
    • Singapore
    • Thailand
    • Vietnam
    • Philippine
    • Rest of SEA
  • Rest of Asia
• South America
  • Argentina
  • Brazil
  • Rest of South America
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA