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Food Vacuum Drying Machine Market

Food Vacuum Drying Machine Market

Food Vacuum Drying Machine Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2022 to 2032

Food Vacuum Drying Machine Market
FACT1593MR

Global Food Vacuum Drying Machine Market Snapshot

The global food vacuum drying machine market is estimated at USD 1,215 Million in 2022 and is forecast to surpass USD 1,728 Million by 2032, growing at a CAGR of 3.6% during 2022-2032.

Report Attributes

Details

Base Year Value (2021A)

USD 1,179 Million

Estimated Year Value (2022E)

USD 1,215 Million

Projected Year Value (2032F)

USD 1,728 Million

Global Growth Rate (2022-2032)

CAGR 3.6%

North America Market Share in 2021

~27.8%

North America Growth Rate (2022-2032)

CAGR 3.8%

Top 5 Companies Market Share in 2021

~37%

Key Companies Profiled

  • GEA Group Aktiengesellschaft
  • ANDRITZ AG
  • Bucher Unipektin AG
  • BINDER GmbH
  • OKAWARA MFG. Co., LTD.
  • Turatti Group
  • EnWave Corporation
  • Devex Verfahrenstechnik GmbH (KAHL Group)
  • Hosokawa Micron B.V.
  • Hegatec Engineering GmbH
  • HEINKEL Drying and Separation Group

The global food vacuum drying machine market contributed by providing around ~30% of the total revenue generated by global food dryer market in 2021. The food vacuum drying machine business is estimated to provide an absolute $ opportunity of USD 513 Million during the assessment period of 2022-2032.

Growth of the food vacuum drying machine trade is significantly influenced by quality retention, which stands out as a major area of concern in the food industry. On the backdrop of regulations enforced on product quality and pertinent specifications, the manufacturing processes are being closely scrutinized.

The products provided by the food industry are heat-sensitive, which entails the requirement for a suitable ecosystem for drying. Based on the aforementioned requirement, food vacuum drying machine equipped with advanced features are considered suitable for drying purposes in food industry, primarily for unit operations such as separation and purification.

Proliferation of food industry complemented with development in production facilities have led to heightening demand for food vacuum drying machine. This, in turn, has paved remunerative avenues for this market.

The food vacuum drying machine business is all set to embark on a journey of prosperity with mushrooming number of projects lined up in the food industry.

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Food Vacuum Drying Machine Market Historical Overview (2017-2021) Vs. Forecast Outlook (2022-2032)

  • North America food vacuum drying machine market have been generating maximum revenue for food vacuum drying machine manufacturers from past half-decade. Around 27.8% of overall market valuation for food vacuum drying machine was generated by American countries in 2021 which is forecast to surpass valuation of USD 563 Million by 2032 end, growing with 3.8% CAGR. Food Vacuum Drying Machine business in US is generating around 68.7% market share and is projected to grow with exciting CAGR of 4.0% during 2022-2032.
  • Across both developing and developed territories, customized food vacuum drying machines has witnessed a widespread acceptance. Thus, this market grew with CAGR of 2.1% with an absolute $ opportunity of USD 118 Million during 2017-2021.
  • Continuous vacuum freeze belt dryer held the maximum market share ~32.6% in 2021 and is expected to gain 370 BPS within the forecast period by contributing the market with share of ~36.8% by end of 2032 that is around USD 636 Million.
  • Under operating principle for food vacuum drying machine, indirect food drying is estimated to hold market share of ~79.4% in 2022 and is likely to provide an absolute $ opportunity of USD 438 Million by reaching a market valuation of USD 1,403 Million in 2032.

Superheated Steam Food Vacuum Drying Machine to Witness Stellar Adoption

Some of the leading players vying to enhance their portfolio have introduced and marketed superheated steam food vacuum drying machine in the wake of rising demand for intended drying applications across a myriad of industries.

Deliberate strides to move away from conventional drying processes to advanced equipment such as food vacuum drying machine have further picked up the steam owing to high operational costs involved. This have opened up ways for improvement of drying process economics and looking for alternate ways with lower cost inclusions.

Owing to the above considerations, manufacturers are all set to forge ahead with use of steam as a convenient alternative for drying, such as food vacuum drying machine, instead of using air. Moreover, the biggest advantage in favor of superheated steam food vacuum drying machine is the closed loop operation involved, which recovers about more than half of the energy.

Other benefits such as high pace of drying, curtailing of equipment capital cost, lesser impact on environment, and ease of recovery is making superheated steam food vacuum drying machine one of the most sought-after variant in the market.

Economic imbalance and volatility in industrial automation sector might thwart the growth of food vacuum drying machine trade; however, the long-term outlook seems promising.

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Region-wise Insights

How North America is projected to Witness Highest Growth for Market of Food Vacuum Drying Machines during the Forecast Period?

The North America food vacuum drying machine market is expected to provide maximum absolute $ opportunity to its manufacturers comprehended by the availability of strong supply chain networks of food vacuum drying machine manufacturers in this region.

The customized food vacuum drying machines have witnessed record striking demand in countries like US and Canada. In addition to that, multiplying count of food processing industries and their production threshold are collectively fueling the adoption of food vacuum drying machine in North America.

Growing fad for processed foods is also foreseen to supplement the demand for customized food vacuum drying machine, thereby boosting growth of the food vacuum drying machine market.

Various industries present in this region such as food powder, coffee, fruit and vegetable, flavor, and many more are predicted to stay at the forefront of this market.

Thus, US food vacuum drying machine market is estimated at USD 235 Million in 2022 and is forecast to surpass market valuation of USD 425 Million by end of 2032, growing at an exciting rate of 4.0% during the forecast period.

In addition, North America food vacuum drying machine market is forecast to surpass USD 563 Million in 2032 out of which ~95.7% share is projected to be generated through US and Canada food vacuum drying machine markets during the same year.

Food Vacuum Drying Machine Market forecast analysis by Fact.MR

Category-wise Insights

How Continuous Vacuum Freeze Belt Drying Machine to Endure as the Leading Product Type?

Burgeoning and persistent production of dried food rather than production of food in batches is the latest trend in the food vacuum drying machine market.

This also implies that the continuous vacuum freeze belt dryers available in the market will witness spike in sales and the demand is not going to slow down anytime soon.

The key move by the manufacturers of food vacuum drying machine will be introducing more number of continuous vacuum freeze belt dryers for gaining attention and amplifying sales. Both in terms of value and volume, continuous vacuum freeze belt dryer is envisioned to hold supremacy in the market for the forecasted timeline.

Thus, comprehending the aforementioned factors, continuous vacuum freeze belt dryer segment of this market is projected to grow at 3.9% CAGR during 2022-2032 and is estimated to value around USD 402 Million in 2022. This segment is projected to cover share around ~33.1% market valuation for food vacuum drying machine by 2022 and is forecast to surpass market value of USD 636 Million by 2032 end.

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Competitive Landscape: Top Companies in Food Vacuum Drying Machine Market

The global food vacuum drying machine market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced food vacuum drying machine.

Fact.MR has provided detailed information about price points of top manufacturers of food vacuum drying machine positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

Global Food Vacuum Drying Machine Market Segments

  • By Product Type :

    • Continuous Vacuum Belt Dryers
    • Continuous Vacuum Freeze Belt Dryers
    • Vacuum Drying Cabinets
    • Pilot Vacuum Dryers
  • By Operating Principle :

    • Direct Drying
    • Indirect Drying
  • By Mesh Type :

    • Plain Weave
    • Twill Weave
    • Plain Dutch Weave
    • Twill Dutch Weave
    • Reverse Dutch Weave
    • Five Heddle Weave
  • By Material Type :

    • Polyester
    • Polyamide
    • Poly-ether-ether-ketone
    • Other
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of food vacuum drying machine market is estimated to be worth over USD 1,215 Million in 2022.
Value of food vacuum drying machine market in 2032 is forecast to surpass USD 1,728 Million by 2032 end.
During 2017-2021, global food vacuum drying machine market grew at 2.1% CAGR.
Indirect food vacuum drying machine segment is estimated to provide an absolute $ opportunity of USD 438 Million during the forecast period (2022-2032).
North America topped the global food vacuum drying machine market by accounting around ~27.8% of its total market valuation in 2021.

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