USD 1.75 Billion
Global Freeze-Drying Equipment Market Size, Share, Growth Analysis, By Product(Benchtop Freeze Dryers, Laboratory Freeze Dryers), By Application(Biotechnology, Pharmaceuticals) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2154 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
68 |
Figures:
75
Global Freeze-Drying Equipment Market Insights
Global Freeze-Drying Equipment Market size was valued at USD 1.75 Billion in 2022 and is poised to grow from USD 1.91 Billion in 2023 to USD 3.83 Billion by 2031, at a CAGR of 9.1% during the forecast period (2024-2031).
The global freeze-drying equipment market is experiencing significant growth owing to the increasing demand for processed and convenience foods, leading to the need for effective preservation methods. Freeze drying allows food products to be stored for extended periods without the need for refrigeration or chemical preservatives. Additionally, the pharmaceutical industry is increasingly adopting freeze drying technology to preserve and store sensitive drugs, vaccines, and biological samples. This is driven by the need for long-term stability and maintaining the potency of these products. Furthermore, advancements in freeze drying equipment, such as the development of automated and controlled systems, have improved the efficiency and effectiveness of the process.
The demand for compact and portable freeze-drying equipment has also grown, particularly in research laboratories and field applications. Despite the growth prospects, the freeze-drying equipment market faces some challenges. One of the main challenges is the high cost associated with the equipment and the overall lyophilization process. The initial investment required for setting up a freeze-drying facility can be substantial, making it a barrier for small-scale manufacturers or laboratories. Moreover, the process itself is time-consuming, which can impact production efficiency and throughput. Another challenge is the need for skilled operators who can effectively operate and maintain freeze drying equipment. The process requires precise control over temperature, pressure, and other variables, and any deviations can affect the quality and efficacy of the end product.
US Freeze-Drying Equipment Market is poised to grow at a sustainable CAGR for the next forecast year
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Food Processing
Fastest Growth
Food Processing
Growth Rate
9.1% CAGR
Global Freeze Drying Equipment Market ($ Bn)
Country Share for North America Region (%)
Global Freeze Drying Equipment Market By Application ($ Bn)
Global Freeze Drying Equipment Market By Application (%)
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Global Freeze-Drying Equipment Market Segmental Analysis
The global freeze-drying equipment market is segmented on the basis of product, application, and region. By product, the market is segmented into benchtop freeze dryers, laboratory freeze dryers, mobile freeze dryers, general purpose freeze dryers, industrial freeze dryers, and others. By application, the market is segmented into biotechnology, pharmaceuticals, food processing, surgical procedures, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Product Type
The market was led by the industrial freeze dryer product segment, which accounted for 35.7% of global revenue share. Industries such as food processing and dairy utilize industrial freeze dryers to preserve sensitive items that cannot be dried through evaporation. These large-scale devices have the capacity to hold significant amounts of food and produce dried items with consistent quality.
In laboratory settings, the freeze-drying process plays a critical role in stabilizing, storing, or extending the shelf life of delicate biological materials. Laboratory freeze drying is employed to remove water from sensitive biological products without altering their chemical structure. This enables easy preservation and subsequent reconstitution by adding water or solvents. Freeze drying involves the dehydration of materials at low temperatures, often keeping them at negative temperatures throughout the procedure. This method has minimal impact on the original characteristics of the product, preserving its biological activity, vitamins, flavor, taste, and appearance. The reconstitution of freeze-dried items can be quickly achieved by adding water or other solvents.
The mobile freeze dryer product segment is projected to grow at a compound annual growth rate (CAGR) of 11.0% over the forecast period due to its user-friendly nature, portability, and multifunctionality advantages. Freeze drying is a process used to remove water from perishable products in order to prolong their shelf life. This process involves the direct transformation of frozen water in the material into vapor.
Analysis By Application
The food processing sector emerged as the leading market segment, contributing to 34.0% of the global revenue share. During the freeze-drying process, food can maintain its original size and shape while experiencing minimal cellular damage. This reduced or avoided shrinkage enables food to be preserved in near-perfect condition for an extended period, thereby driving the demand for freeze drying equipment in food processing applications. The growth of surgical procedures is primarily propelled by the increasing elderly population, rising cancer prevalence, and higher incidences of chronic diseases. The utilization of freeze-dried platelet-rich plasma (PRP) in surgical procedures, which maintains the efficacy and bioactivity of PRP for an extended duration, is expected to lead to a surge in surgical procedures. Consequently, there will be a greater demand for freeze drying equipment.
In the pharmaceutical sector, the demand for freeze drying equipment in the forecast period is projected to grow at a CAGR of 11.0% due to its extensive usage in preserving biological substances such as enzymes, proteins, viruses, bacteria, and penicillin. Freeze drying allows delicate, unstable, or heat-sensitive drugs and biologics to be dried at low temperatures without causing structural damage. The transportation of freeze-dried products is also convenient and rapid, making it suitable for emergency vaccinations and immediate administration of antibodies, further driving market demand.
Global Freeze Drying Equipment Market By Application, 2023 (%)
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Global Freeze-Drying Equipment Market Regional Insights
North America emerged as the market leader, accounting for more than 35.6% of the global revenue share in 2022. The food and beverage industry in this region is shaped by dynamic trends in food preferences, food safety concerns, security issues, and cost considerations. These evolving requirements are driving changes in processing and supply chain models among F&B manufacturers, leading to market disruptions such as product differentiation, consolidation, and increased emphasis on food safety and security. Consequently, the market is experiencing growth.
In Asia Pacific, the demand for freeze drying equipment is expected to witness the fastest compound annual growth rate (CAGR) of 11.2% over the forecast period. This growth is driven by the presence of major pharmaceutical industries in the region, including Livzon Pharmaceutical Group, Guangzhou Baiyunshan Pharmaceutical Holdings, and Dr. Reddy's Laboratories, Ltd. These companies rely on freeze-drying technology to preserve biological products such as biological fluids, medicines, proteins, enzymes, and hormones. Freeze dryers play a crucial role in extending the shelf life of live viral vaccines, which are in high demand by pharmaceutical companies, particularly in the post-COVID-19 era.
Global Freeze Drying Equipment Market By Geography, 2024-2031
- Largest
- Fastest
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Global Freeze-Drying Equipment Market Dynamics
Drivers
Increasing Demand for Food Preservation
- Lyophilization technology is employed to preserve a wide range of food products, including fruits, vegetables, meat, fish, herbs, culinary flavorings, ice creams, and coffee. Freeze-dried foods eliminate the need for refrigeration or chemical preservatives, and they can be conveniently rehydrated by adding water, allowing for quick and effortless reconstitution.
Restraints
Difficulties in Achieving Desired Moisture Levels and Maintaining Product Quality
- Incomplete moisture removal during the lyophilization process can lead to the presence of excessive moisture in products, resulting in potential contamination. This poses risks for patients who are administered these products. The market report on freeze drying equipment encompasses a comprehensive range of information, including recent developments, trade regulations, import-export analysis, production analysis, optimization of the value chain, market share, impact of domestic and localized market players, assessment of opportunities in emerging revenue pockets, changes in market regulations, strategic analysis for market growth, market size, growth trends in specific categories, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market.
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Global Freeze-Drying Equipment Market Competitive Landscape
The competitive landscape of the global freeze-drying equipment market is characterized by intense competition among various players. The market is highly fragmented, with several manufacturers and suppliers offering freeze drying equipment and related services. Key market players focus on research and development activities to enhance the performance and efficiency of their freeze-drying equipment. They strive to introduce technologically advanced and innovative products to gain a competitive edge. Additionally, manufacturers emphasize expanding their product portfolios to cater to diverse end-user industries, such as pharmaceuticals, food and beverages, and biotechnology. The market is also influenced by factors such as pricing strategies, distribution networks, and after-sales services. Companies often engage in partnerships, collaborations, and strategic alliances to expand their market presence and reach new customer segments. This enables them to leverage synergies and offer comprehensive freeze-drying solutions to their clients. Furthermore, market players actively participate in marketing and promotional activities to create brand awareness and establish themselves as reliable and trusted suppliers of freeze-drying equipment. They also focus on providing excellent customer support and technical assistance to enhance customer satisfaction.
Top Player’s Company Profile
- SP Scientific (United States)
- GEA Group (Germany)
- Millrock Technology, Inc. (United States)
- IMA Life (Italy)
- Labconco Corporation (United States)
- Tofflon Science and Technology Co., Ltd. (China)
- HOF Enterprise Group (Germany)
- Azbil Telstar (Spain)
- LTE Scientific Ltd. (United Kingdom)
- Zirbus Technology GmbH (Germany)
- Biopharma Process Systems (United Kingdom)
- Shanghai Tofflon Science and Technology Co., Ltd. (China)
- MechaTech Systems Ltd. (Canada)
- IDEX Corporation (United States)
- Yamato Scientific Co., Ltd. (Japan)
- Martin Christ Gefriertrocknungsanlagen GmbH (Germany)
- Optima Packaging Group GmbH (Germany)
- Harvest Right (United States)
- LaboGene ApS (Denmark)
- SPX FLOW, Inc. (United States)
Recent Developments
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January 2024 From now until 2026, GEA plans to invest about EUR 5.5 million to upgrade the manufacturing facilities at the GEA AWP factory in Prenzlau. By raising its capacities, GEA hopes to grow the sizable market for heating and cooling technologies.
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In January 2024, Azbil moved its North American business to Sierra Instruments, Inc. in the US.
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Harvest Right, LLC unveiled the Harvest Right Pro, their most recent home freeze dryer model, in August 2023. The Harvest Right Pro improves the freeze-drying process for home usage with a number of advantages and technological upgrades.
Global Freeze-Drying Equipment Key Market Trends
- Growing Demand for Freeze Drying in Pharmaceutical Industry: The pharmaceutical industry is a key driver of the freeze-drying equipment market. The need to preserve and store sensitive drugs, vaccines, and biological samples has led to an increased demand for freeze drying equipment. The market is witnessing a trend of pharmaceutical companies adopting freeze drying technology for improved stability and longer shelf life of their products.
- Rise in Food Processing Applications: Freeze drying is widely used in the food processing industry to preserve various food products, such as fruits, vegetables, meat, and coffee. The market is experiencing a surge in demand for freeze drying equipment due to the growing popularity of freeze-dried foods, which offer extended shelf life, enhanced flavor, and ease of transportation.
Global Freeze-Drying Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global freeze-drying equipment market analysis, the increasing demand from various industries such as pharmaceuticals, food processing, biotechnology, and research laboratories are the key growth drivers. The pharmaceutical industry, in particular, is a major contributor to market expansion, with a growing need to preserve and store sensitive drugs and biological samples. Freeze drying technology offers enhanced stability, longer shelf life, and improved potency for pharmaceutical products, driving its adoption. The food processing sector is also witnessing significant growth in the use of freeze-drying equipment. Freeze-dried foods offer extended shelf life, retention of nutritional value, and convenient reconstitution by adding water. The popularity of freeze-dried foods, including fruits, vegetables, meat, and coffee, is driving the demand for advanced freeze-drying equipment in this industry. Technological advancements have led to the development of more efficient and automated freeze-drying equipment. Improved control systems, user-friendly interfaces, and real-time monitoring capabilities are enhancing productivity and reducing processing time. Additionally, there is a growing focus on energy efficiency and sustainability, leading to the incorporation of eco-friendly features in freeze drying equipment. The market is also witnessing expansion in mobile and portable freeze dryers, catering to the need for on-site sample collection and field applications. These compact systems offer convenience and versatility in transportation and limited space environments.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.75 Billion |
| Market size value in 2031 | USD 3.83 Billion |
| Growth Rate | 9.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Freeze-Drying Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Freeze-Drying Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Freeze-Drying Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Freeze-Drying Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Freeze-Drying Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Freeze-Drying Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Freeze-Drying Equipment Market Report Snapshots
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