Global Freeze Drying Market Insights Forecasts to 2033

• The Global Freeze Drying Market Size was Valued at USD 4.8 Billion in 2023.
• The Market Size is Growing at a CAGR of 8.55% from 2023 to 2033.
• The Worldwide Freeze Drying Market Size is expected to Reach USD 10.9 Billion by 2033.
• Asia Pacific is expected to Grow the fastest during the forecast period.

The Global Freeze Drying Market Size is expected to reach USD 10.9 Billion by 2033, at a CAGR of 8.55% during the forecast period 2023 to 2033.

Freeze drying is a form of dehydration that involves the sublimation of solvent from the product, with minimum heat input. It is the best method of drying widely used in the food and pharmaceutical industries. This process is used for the purpose of preservation and extending the shelf life of various products, including pharmaceuticals, food, and biological materials. The freeze-dried products are dry and stable products with minimal damage to its structure and quality, primarily protect the biological and chemical structure of a product. Freeze-dried food products are healthy as it retain nutrients and phytochemicals. In addition, it prolongs product’s shelf life and facilitates storage, handling and transportation. A wide range of freeze dried foods, ready-to-eat meals to fruits or snacks are easily available in supermarkets. In laboratories, freeze drying is extensively used for parenteral products and is the crucial part for their storage, for example antibiotics, human derived plasma products, vaccines. The rising demand of freeze drying process in all these fields uplifts the freeze dryer market. Considering the advantages of freeze drying of being a chemical-free preservative technique, the use of freeze drying in food industry is increasing globally. Recently it was found that over 30% US FDA approved parenteral require lyophilization which in turn create demand for freezer dryers in the pharmaceutical industry. The rising biosimilar products in the biotechnology industry are expected to drive the market. However, high operational cost, energy consumption, capital investment, and lengthy processing time of freeze dryers seek to focus on alternative techniques for drying without compromising quality.

Report Coverage

This research report categorizes the market for global freeze drying market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global freeze drying market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the global freeze drying market.

Driving Factors

The rising demand for lyophilization techniques in food preservation, contract manufacturing lyophilization services, and its advancement has led to an increase in the market size of freeze dryer. The chemical-free preservation of freeze-dried products is influencing consumers for consumption of chemical free products. Considering these advantages, the utilization of freeze drying is increasing across the globe which in turn escalates the freeze drying market. The increasing adoption rate of biosimilar products in biotechnology industry enhances the need for freeze drying. Recently it was found that about 30% US FDA approved parenteral products require lyophilization which in turn create demand for freeze drying in the pharmaceutical industry.   

Restraining Factors

Freeze drying is a high operating cost process that requires high energy consumption, capital investment, and lengthy processing time. Thus, companies like pharmaceutical and biotechnological industries are aiming for alternative techniques for drying with reduced overall cost without compromising quality. For instance, Spray drying is the primary alternative having lower equipment cost, facility, and utility.   

Market Segmentation

The global freeze drying as a service market share is classified into Product, Scale of Operation, and Application.

By Product

The tray-style freeze dryers segment is witnessing significant CAGR growth over the forecast period.

On the basis of Product Type, the global freeze drying market is segmented into tray, shell, and manifold. Among these, tray segment is witnessing significant CAGR growth over the forecast period. Tray-style freeze dryer is largely in used than manifold and shell freeze dryers. The tray-style category in the pharmaceutical industry is experiencing notable growth due to the increasing demand for contract manufacturing and contract lyophilization services. Moreover, the rising popularity of freeze-dried food products is driving the need for tray-style freeze dryers as well, contributing to the overall surge in demand for this type of equipment.

By Scale of operation

The industrial-scale segment is witnessing significant CAGR growth over the forecast period.

On the basis of scale of operation, the global freeze drying market is segmented into industrial, laboratory, and general purpose. Among these, the industrial-scale segment is witnessing significant growth over the forecast period. Freeze drying is widely used to increase the shelf life of products such as vaccines and other injectables in the pharmaceutical industry. Preservation of foods such as seasonal fruits or coffee, freeze drying technique has the ability to best preserve the flavours and nutritional value of the food.  

By Application

The food processing segment is witnessing significant CAGR growth over the forecast period.

On the basis of application, the global freeze drying market is segmented into biotechnology, pharmaceuticals, food processing, surgical procedures, and others. Among these, the food processing and packaging segment is witnessing significant growth over the forecast period. The dynamic trends in food preferences, food safety, security issues, and costs. The greater emphasis on food safety and security, freeze drying is the chemical free preservation method for freeze dried products thereby increasing the demand for freeze drying.

Regional Insights

North America dominates the market with the largest market share over the forecast period.

North America is dominating the market with the largest market share over the forecast period. According to estimates, the global freeze drying market share is the largest in North America. The growing middle class population in Mexico and U.S. is inducing the market growth. The various manufacturing companies in the region expanding their market by launching freeze dried foods, thus freeze drying market is expected to grow rapidly in the region.

Asia-Pacific is expected to grow the fastest during the forecast period. The major pharmaceutical industries such as Dr. Reddy’s Laboratories, Ltd., Livzon Pharmaceutical Group, and Guangzhou Baiyunshan Holdings utilize freeze-drying technology for the storage of biological fluids, medicines, proteins, enzymes, hormones, and viral vaccines. Furthermore, China Freeze drying equipment market held the largest market share in the Asia-Pacific region.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global freeze drying market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market

List of Key Market Players

• Hitachi, Ltd
• GEA Group
• Cuddon Freeze Dry
• SP Industries
• Freezedry Specialties, Inc.
• HOF Sonderanlagenbau GmbH
• Tofflon Science and Technology Co., Ltd
• Millrock Technology
• Zirbus Technology GmbH
• Yamato Scientific Co. Ltd.
• TAITEC Corporation
• Freeze Drying Systems Pvt. Ltd.
• Azbil Corporation
• Cryotec
• Harvest Right
• Labconco Corporation
• Others

Recent Developments

• In January 2023, Plant Doctor launched a new business, AgTech Freeze Drying, adding freeze drying to its manufacturing capabilities and expanding its business to include freeze-dried powdered products.
• In July 2020, Elementar Americas and Martin Christ Freeze Dryers have agreed to collaborate on a sales, service, and support partnership in the Americas Region.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global freeze drying market based on the below-mentioned segments:

Freeze Drying Market, Product Analysis

• Tray
• Shell
• Manifold

Freeze Drying Market, Scale of Operation Analysis

• Industrial
• Laboratory
• Pilot
• General purpose

Freeze Drying Market, Application Analysis

• Biotechnology
• Pharmaceuticals
• Food processing
• Surgical procedures
• Others

Freeze Drying Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa