South America Freeze-Dried Product Market - Growth, Trends and Forecasts (2019 - 2024) - GII
South America freeze-dried market is forecasted to reach USD 8.05 billion by 2024. It is expected to witness a CAGR of 7.06% during the forecast period (2019-2024).
The increasing consumer awareness about the ill-effects of artificial food additives used for food preservation is fueling the demand for natural and healthy food products.
The high demand for convenience food and other ready-to-eat food and beverage products, owing to busy lifestyles, is further leading to increased consumption of the products in the region.
South America freeze-dried foods are available as freeze-dried fruits, freeze-dried vegetables, freeze-dried beverages, freeze-dried dairy products, freeze-dried meat and seafood, and prepared foods. The South America freeze-dried food market is growing at a fast rate, due to the demand for nutritious foods that can be prepared instantly.
Argentina witnessed as Fastest Growing Segment
Argentina is projected to become the fastest growing segment in South America freeze-dried product market. In Argentina, health-conscious consumers search for food and beverage products that are rich in nutrients like vitamins. Since freeze-drying helps in retaining most of the nutrients of fruits and vegetables, which would have otherwise been lost due to the exposure to heat-based preservation techniques, more manufacturers are offering freeze-dried foods to cater to increased market demand from the country.
Chilean Consumers Shifting Towards Healthy Foods
Freeze-dried product market in countries like Chile is set to witness substantial growth, owing to a surge in demand for foods and beverages rich in nutritional content and growing consumer awareness related to consumption of healthy food. Moreover, with an increasing number of consumers opting for healthy foods including instant foods that are rich in nutrients, the market is witnessing rapid growth. Also, an increasing number of product introductions by manufacturers with varieties, new flavors, and enhanced taste will add to freeze-dried product market growth.
Nestle, AJINOMOTO CO., INC., and Asahi Group Holdings, Ltd., are some of the companies leading the freeze-dried product market in Europe. The companies account for higher market share due to their high global reach, wide product portfolio, and high distribution network. These players focus to leverage opportunities posed by the emerging markets to expand their product portfolio so that they can cater to the requirements for various product segments, especially freeze-dried fruits, freeze-dried vegetables, freeze-dried coffee, and freeze-dried meat products.
6.4.3 Asahi Group Holdings, Ltd.
6.4.4 GOLA FOODS USA LLC.