Freeze Drying Market is expected to reach US$ 2.5 Billion at a CAGR of 8.5% by 2032 | FMI
According to Future Market Insights' most recent industry report, the global Freeze Drying Market was valued at approximately US$ 1.0 Billion in 2021 and is expected to rise at a CAGR close to 8.5% over the forecast period, with an anticipated worth of around US$ 2.5 Billion in 2032.
Freeze drying often referred to as lyophilization, is a method that uses
low pressure and sublimation to remove water from a material in the form of
ice. This technology has numerous applications in the manufacture of high-quality
food and pharmaceuticals.
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Despite its popularity, substantial research on freeze-drying is
continually being carried out in order to enhance the process variables for
specific applications, enhance product features through pre-treatments, and
minimize energy costs and process time.
The major goal of the freeze-drying procedure is to ensure consistent
product quality not just within a batch but also between batches. As a result,
during freeze-drying, product temperature becomes a crucial product quality
aspect. When the product has the same thermal history throughout the batch,
from batch to batch, as well as throughout lab scale, pilot scale, and
production scale dryers, consistent product quality is ensured.
Key Takeaways from Market Study
- Dryers are the
leading segment as a product and hold approximately 7% market share
in 2021, owing to the customer preference for nutrition from whole foods
being supported by the fact that freeze-drying retains nutritional content
better than other drying techniques.
- Industrial-scale
of operations holds a market share of around 6% in 2021. Because of
the preservation of quality, freeze-drying is thought to be the best
method for dehydrating food on an industrial scale.
- Biopharmaceutical
companies are the top distribution channel in the worldwide freeze drying
market, and this trend is anticipated to continue with a projected CAGR of
7% over the forecasted years.
- North America
is considered as the leading region with a value share of 8% in
2021, owing to the presence of established biopharmaceutical companies in
the region.
“Shifting consumer values, the rapid expansion of the pharmaceutical and
food processing industries, and rising consumption of preserved foods are
driving the global freeze drying market,” says an analyst of
Future Market Insights.
The market has grown as a result of factors like the rapidly expanding
pharmaceutical and food processing industries. The market is projected to grow
as consumers become more aware of the product's benefits, such as improved
desiccant drying and air-drying efficiency.
Lyophilization also known as lyophilization, is a
process of removing moisture from a material while preserving its structure and
properties
Key Companies Profiled:
- Azbil
Corporation
- Zirbus Technology
GmbH
- HOF
Sonderanlagenbau GmbH
- Millrock
Technology, Inc.
- Cryotec.Fr
- MechaTech
Systems Ltd.
- SP Industries,
Inc.
- Martin Christ
Gefriertrocknungsanlagen GmbH
- Cuddon Freeze
Dry
- Neologic
Engineers Private Limited
- Labconco
Corporation
- BÜCHI
Labortechnik AG
- Yamato
Scientific America Inc.
- Freeze Drying
Systems Ltd.
- Freeze Drying
Systems Pvt. Ltd.
- IMA - Industria
Macchine Automatiche S.p.A.
- GEA Group
Key developmental instances include:
- Telstar, a
division of the Azbil Group, in December 2020, developed a new line of GMP
freeze-dryers with a modular design. The new series of lyophilizers sold
under the Lyozeta brand is a standardised version of its top-of-the-line
GMP customizable freeze-dryers built to function aseptically.
- In order to add
two HOF horizontal plate freeze-thaw machines to Sartorius' product line
and offer customers a full selection of relevant freeze-thaw equipment and
consumables, a partnership between Sartorius and HOF Sonderanlagenbau was
announced in December 2021.
Key Market Segments Covered in Freeze Drying Industry Research
By Product:
- Dryer
- Tray-style
dryers
- Rotary Freeze
Dryers
- Manifold
Freeze Dryers
- Accessories
- Drying Chamber
- Vacuum System
- CIP
(Clean-in-place) Systems
- Other
Accessories
By Scale of Operations:
- Pilot-scale
- Laboratory-scale
- Industrial-scale
By Distribution Channel:
- Biopharmaceutical
Companies
- Food and
Beverage Companies
- Academic and
Research Institutes
- CRO &
CMO
- Hospitals
- Research
Laboratories
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