Chronicle Journal: Finance

Freeze-Drying Equipment Market Share, Size, Growth, Industry Analysis And Forecast 2021 To 2026

According to the latest report by IMARC Group, titled, “Freeze-Drying Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global freeze-drying equipment market grew at a CAGR of around 7% during 2015-2020.

Freeze drying equipment refer to the devices that are used to remove frozen solvents and bound water molecules from a material through sublimation and desorption procedures. Compared to conventional dehydration equipment that uses higher temperatures, freeze-drying equipment does not cause shrinkage or toughening of the material, thereby maintaining the original appearance and characteristics of the product. As a result, this equipment is widely utilized across the food and beverage (F&B) and pharmaceutical industries.

Market Trends

The growing demand for ready-to-cook and processed food products, on account of sedentary lifestyles and hectic work schedules of the consumers, is propelling the market for freeze-drying equipment. Furthermore, freeze-drying equipment are also adopted for food packaging for special task forces and military groups as they help in reducing the food’s overall weight along with providing easy storage and transportation during extreme weather conditions. Moreover, the expanding pharmaceutical industry is catalyzing the demand for freeze-drying equipment to store injectables and biological samples for longer periods, thereby further propelling the market. In recent times, with the sudden outbreak of the COVID-19 leading to the urgency of disease diagnosis, there is a rise in the demand for freeze-drying equipment pertaining to the diagnostic kits.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Freeze-Drying Equipment Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the key players being Azbil Corporation, Cuddon Freeze Dry, GEA Group Aktiengesellschaft, Harvest Right, HOF Sonderanlagenbau GmbH, Labconco Corporation, Martin Christ Gefriertrocknungsanlagen GmbH, Millrock Technology, Inc., OPTIMA packaging group GmbH , Shanghai Tofflon Science and Technology Co. Ltd. and Thermo Fisher Scientific.

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The report has segmented the market on the basis of Dryer Type, Scale of Operation, Application, Offering, Communication Protocol, End Use and Region.

Breakup by Dryer Type:

Tray Style Freeze Dryers
Manifold Freeze Dryers
Rotary Freeze Dryers

Breakup by Scale of Operation:

Industrial Scale Freeze Dryer
Pilot Scale Freeze Dryer
Laboratory Scale Freeze Dryer

Breakup by Application:

Food Processing and Packaging
Pharmaceutical and Biotechnology
Biomedical Engineering

Breakup by Region:

North America
Asia Pacific
Latin America
Middle East and Africa

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Contact Information:

Company Name: IMARC Group
Contact Person: Elena Anderson
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Sheridan, WY 82801, USA
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