The Spray Dried Foods Market is Expected to Gain a CAGR of

DUBAI, United Arab Emirates, Aug. 11, 2022 (GLOBE NEWSWIRE) — The global spray-dried food market is expected to reach a value of $1,13,260.9 million by the end of 2032, with sales growing at a positive CAGR of 7.7% for the forecast period 2022 to 2032. The spray dried food market is expected to reach approximately US$54,122.2 million in 2022. There has been an increase in the popularity of the spray dried food spray-dried as they do not change the flavor and even retain the texture of the food product. Again, the target market is expanding due to its cost effectiveness compared to freeze-dried foods.

Growing demand and consumption of convenient, ready-to-eat food products is expected to complement sales of spray-dried food products. A fast-paced, urban lifestyle, coupled with changing consumer preferences, supports the evolution of the ready-to-eat food market, which feeds the target market. Another major market driver is the growing dairy industry. Spray dryers remove the water content of foods, preventing the growth of bacteria through dehydration, thereby extending the shelf life of dairy products.

Additionally, growing consumer awareness of the health benefits associated with spray-dried food products is leading to an increase in consumption of them. Spray drying food allows consumers to experience the natural taste while retaining the original flavor. All of these factors bode well for the market.

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“The growing demand from the dairy industry coupled with the rising popularity of spray-dried food products will further propel the market growth over the forecast period,” an IMF analyst says.

Key points to remember:

  • Strict food safety regulations and high production costs to restrain market growth.
  • The spray dried food market in North America holds a market share of 27.8%.
  • Europe is expected to represent 24.5% of the overall market share.
  • Startup ecosystem to positively influence market growth.

Competitive landscape

Nestle, Unilever, Ajinomoto, Delecto Foods, and Mercer Foods among others are some of the major players in the spray dried food market profiled in the comprehensive version of the report.

The major players in the market are focusing on providing healthier food products to consumers. They employ new manufacturing technologies that will reduce equipment costs and energy consumption.

More information about the Spray Dried Foods market report

In its latest report, FMI offers an unbiased analysis of the global Spray Dried Foods Market, providing historic data from 2016 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the global market, the market is segmented based on type (fruits & vegetables, beverages, dairy products, fish), application (supermarkets/hypermarkets, independent retailers, specialist retailers, online stores, others), category (specialty distributors, supermarkets /hypermarkets, independent retailers, other end users), and region.

According to the latest IMF reports, based on regional growth, the spray dried food market in North America is expected to account for around 27.8% of the market share. This regional market is likely to dominate internationally owing to the increased consumer awareness about the health benefits associated with spray-dried food products. The presence of favorable government policies will also help expand the target market.

Europe is expected to witness a significant growth rate over the forecast period. The spray-dried food market in Europe holds a 24.5% share of the overall market. This growth can be attributed to the growing preference for convenient food products. The high demand for these products has led to a high demand for chilled and easy to cook foods. This and the expansion of the dairy and snacks industry is contributing to the growth of the regional market over the forecast period.

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Key segments in the spray dried food market

By type:

  • Fruits and vegetables
  • Beverage
  • Dairy products
  • Fish

Per application:

  • Supermarkets and Hypermarkets
  • Independent retailers
  • Specialized retailers
  • Online stores
  • Other

By category:

  • Specialized retailers
  • Supermarkets and Hypermarkets
  • Independent retailers
  • Other end users

By region:

  • North America
  • Latin America
  • Asia Pacific
  • AEM
  • Europe

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market Context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Scenario forecast

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

3.3. Opportunity Map Analysis

3.4. Product life cycle analysis

3.5. Supply chain analysis

Read more Table of contents

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