Global Freeze Drying Equipment Market set to double in value by 2033

From GlobeNewswire: 2024-06-28 16:00:00

The Global Freeze Drying Equipment Market is set to grow from USD 1.91 billion in 2023 to USD 4.48 billion by 2033, with a CAGR of 8.90%. Freeze drying in food preservation helps maintain natural qualities, vitamins, and flavor. Industrial freeze dryers dominate the market, especially in food processing and pharmaceuticals. North America holds the largest share of the market, while Europe is expected to grow rapidly due to advancements in vaccines and pharmaceuticals. Major vendors include companies like GEA Group, Thermo Fisher Scientific, and Hitachi, among others.

In January 2024, Martin Christ and Elementar announced a partnership in the Americas to combine freeze-drying technology and elemental analysis. Segments of the freeze drying equipment market include bench top freeze dryers, laboratory freeze dryers, and industrial freeze dryers. Applications range from biotechnology to food processing. This study forecasts revenue globally and by region from 2020 to 2033. Spherical Insights offers market insights and consulting services for businesses and organizations in various sectors.



Read more at GlobeNewswire: Global Freeze Drying Equipment Market Size To Worth USD