Global food dryer market will reach 2040.1 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/7/11

The global market for food dryer is segmented into application and product type. The product type segment includes radiation type, convection type, and conduction type. The application segment includes animal food drying, processed food drying, plant food drying, and others.

The expansion of food processing plants is one of the major trends that drive the growth of the market over the forecast period. Food processing plants are being expanded by the key players across the world to tap new market opportunities and withstand the competition. In addition, growing demand for freeze-drying equipment required for food processing is another driver for the market growth.

The sharp rise of food processing and pharmaceutical companies will augment the demand for the dryers as they improve the shelf life of products. Freeze-dried products can be cooked easily and products such as yogurt and cheese can be saved from bacterial growth for a longer period. This will escalate the industrial uptake of food dryers in the coming years.

However, the high cost of installation and maintenance of food dryers is expected to hamper the growth of the global food dryer market in the near future.

Europe and North America is likely to lead the global market for food dryers due to the advent technologies and introduction of innovative products. These regional markets will also be propelled by the increasing demand for food products, which have higher shelf life. Asia Pacific is also expected to grab a remarkable market share in food dryer market due to the rising popularity of dried vegetables.

The global food dryer market will reach US$2040.1 mn by 2025 from US$1532.8 mn in the year 2018. The market is likely to register a moderate CAGR of 4.17% between 2018 and 2025.

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