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Freeze-Drying Equipment Market Size worth US$ 3,346.0 Million by 2027 | CAGR: 8.1%

The study published by Astute Analytica foresees a growth in revenue of global freeze-drying equipment market 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. The freeze-drying process has found its application in many industries for several years, most commonly being used in pharmaceutical and food industries. Freeze drying is the most widely utilized drying method for storing food and beverage and improving the stability of biopharmaceuticals such as enzymes, proteins and other vaccines.  

Market Dynamics

Drivers:

The growing impetus of the freeze-drying market is attributed to 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 the freeze-drying technology, backed by the 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 increased usage in food processing due to 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 longer time without affecting the quality and texture of the product.

Restraints:

Stringent rules and regulations in 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.

Opportunities:

Rising demand for lyophilized products in the Middle East and Asia Pacific is an emerging opportunity in the freeze-drying equipment market. Further, the growing global and regional demand for sensitive and high value material and products in pharmaceutical and biotechnology sectors will further create an opportunity for freeze-drying market.

Impact of COVID-19

Trade restrictions imposed due to COVID-19 have substantially affected global logistics and transportation, which had a negative effect on the food processing and manufacturing industry. The freeze-drying equipment market generates the majority of its revenue from the food processing and packaging industry. With the considerable impact of COVID-19 pandemic on the food processing and packaging industry, the freeze-drying equipment market registered a decline during the pandemic period.

Regional Analysis

US is the highest shareholder in North America freeze-drying equipment market

North America is the second highest shareholder region in the Global Freeze-Drying Equipment Market in 2021. The high adoption rate of wide range of innovative food preservation technologies, high demand of freeze-dried food and growing life science and biotechnology industry are market driving factors in the region. The US has the highest share in the North America freeze-drying equipment market in 2021, however, Mexico has the fastest CAGR over the forecast period. 

Food processing & packaging drives the European freeze-drying equipment market

Europe holds a significant market share due to high consumption of freeze-dried food. The food processing and packaging industry is the highest end user in the European freeze-drying equipment market as the freeze-drying method removes water, reduces the overall weight of the food and helps in easy storage and transportation of food. Germany is the highest shareholder country in the freeze-drying market of Europe.

Asia Pacific dominates the Asia Pacific dominates Global Freeze-Drying Equipment Market 

Asia Pacific is the highest shareholder region in 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 pharmaceutical and food sectors in the Asia Pacific region. China and India are the major contributors in the growth of the regional market. Furthermore, increasing investments towards healthcare, dairy, food and beverage and so forth in countries such as India and China have accelerated the market growth.

Tray-style Freeze dryer equipment type dominates the MEA freeze-drying equipment market

Middle East & Africa freeze-drying equipment market holds a significant share in the Global Freeze-Drying Equipment Market. Based on equipment type, the tray style freeze dryer segment holds the highest share in the MEA freeze-drying equipment market. Tray style freeze dryers are being used for industrial scale production, mainly in frozen food industry/instant packaged food.

Brazil holds the highest share of South America freeze-drying equipment market

Brazil is the highest shareholder country in the freeze-drying equipment market of south America and also registers the fastest CAGR during the forecast period. The food processing industry in Brazil contributes the major share in the South America freeze-drying equipment market.

Competitive Insight

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 of emerging market. 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, scale of operation, capacity, application, and region. These segments are further sub-divided to get a holist 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 Applicationsegment 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

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