Analysis of Lyophilization market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
In 2021, the global lyophilization market was valued at US$ 926.1 million and is anticipated to reach US$ 2.3 billion by 2032, expanding at a high 8.8% CAGR over the 2022-2032 time frame.
Worldwide revenue from lyophilization accounts for around 16% share of the global cryopreservation market.
Market Size (2021)
US$ 926.1 Million
Estimated Market Value (2022)
US$ 988.8 Million
Forecasted Market Value (2032)
US$ 2.3 Billion
Global Market Growth Rate (2022-2032)
Share of Top 5 Countries
Key Market Players
As per detailed industry analysis by Fact.MR, a market research and competitive intelligence provider, the freeze dryers product segment dominated the market accounting for 67.7% market share, and the segment is expected to surge ahead at a CAGR of 9.6% through 2032.
Industrial-scale operations accounted for 40.6% market share and held a market value of US$ 375.6 million at the end of 2021.
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The global lyophilization market expanded at a CAGR of 4.9% over the last nine years (2012-2021) owing to rising demand for the lyophilization process for use in biopharmaceutical as well as pharmaceutical products.
Several benefits associated with the lyophilization process and technical advancements in freeze-drying equipment are major factors driving the demand for lyophilization, globally.
The lyophilization process is beneficial for extending the shelf life of pharmaceutical drugs and biopharmaceutical products such as antibodies, vaccines, peptides, and others. The lyophilization process helps in the removal of moisture by putting the product under three interconnected steps - freezing, primary drying, and secondary drying.
This not only helps in stabilizing pharmaceutical formulations but also broadens the capability of temperature tolerance in these products.
Technical advancements have boosted the lyophilization market. Since temperature is a crucial parameter for various pharmaceuticals and biopharmaceuticals, freeze dryers have been developed that can easily optimize the shelf temperature and chamber pressure so that the quality of the product is not hampered while it is below its critical point. These freeze dryers maximize the sublimation rate as well, thereby enhancing the stability of compounds.
Fact.MR predicts the global lyophilization market to expand at a high CAGR of 8.8% over the forecast period (2022-2032).
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“Rising Investments in Research and Development Related to Lyophilization”
Since there are biopharmaceutical products that cannot be marketed without undergoing the lyophilization process, the need for investments in the research and development of lyophilization is rising day by day.
Manufacturers are even partnering with this hub to focus on advancements in lyophilization techniques.
The attention put towards advancements in lyophilization products and processes is boosting the growth of the overall lyophilization market.
“Rise in Number of Lyophilization Service Providers”
Increasing demand for lyophilization services is creating greater opportunities for the manufacturers of freeze dryers and their accessories. Different organizations offer services for successful pharmaceutical drug development and manufacturing processes. These include contract development and manufacturing organizations (CDMOs) and contract manufacturing organizations (CMOs).
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“High Costs Associated with Lyophilization Setup”
The cost of freeze-drying equipment is quite high, and this restricts small- and medium-scale companies from acquiring such equipment to carry out the lyophilization process.
These higher costs associated with lyophilization setups are a major factor that restricts the growth of the market to some extent.
“Ever-increasing Consumption of Freeze-dried Food Products”
The U.S. accounted for around 91.6% of the North American lyophilization market share in 2021 owing to the trend of the general population preferring freeze-dried food products and an increase in the number of organizations offering lyophilization services, as enlisted by the FDA.
Due to the increasing consumption of freeze-dried vegetables, fruits, and food, demand for lyophilizers in the food processing industry is rising. It provides stability to food products, thereby increasing their shelf life.
“Market to Be Driven by Fast-paced Growth of the F&B Industry”
Germany accounted for 22.9% share of the European lyophilization market in 2021.
Dramatic growth of the food industry demands lyophilization techniques so that companies can provide high-quality freeze-dried products.
Lyophilization not only increases the shelf life of food products but also facilitates easier and more convenient storage. This leverages the logistics of these food industries, thereby making Germany’s food and beverage industry a top contender in the European region.
The presence of various manufacturers increases the availability of freeze dryers and their accessories in Germany. Manufacturers such as Zirbus Technology GmbH, HOF Sonderanlagenbau GmbH, Martin Christ Gefriertrocknungsanlagen GmbH and GEA Group have their head offices in country.
“Rapid Growth of Pharmaceutical Industry”
China accounted for 43.6% of the East Asia lyophilization market share in 2021.
Increasing awareness about the advantages of lyophilized products has helped in driving the demand for lyophilizers and freeze dryers in China.
The growing number of domestic pharmaceutical companies is boosting the lyophilization market within the country because lyophilization acts as a stability tool for the pharmaceutical and food processing industries.
“Steady Growth of the Food Processing Industry”
India accounted for 48.6% of the South Asia lyophilization market at the end of 2021.
When it comes to the food processing industry, India is one of the known industries which is looked upon for high-quality food processing products.
“Rise in Sales of Lyophilized Products”
The freeze dryers segment held the highest market share of 67.7% in 2021. This segment is expected to expand at 9.6% CAGR over the forecast period.
This high traction is being influenced by increasing research & development activities on lyophilization techniques.
Furthermore, the advantages offered by lyophilizers and freeze dryers are profitable for researchers in pharmaceutical, biopharmaceutical, and food processing industries. This makes the freeze dryers segment the most lucrative for the years ahead.
“Surge in Demand for Pharmaceutical & Food Processing Products”
Industrial-scale operations accounted for 40.6% market share in 2021.
Industrial-scale operations are the biggest platform where freeze-drying equipment is utilized for lyophilization purposes. Manufacturing is done at the industrial level; therefore, demand for freeze dryers is more at the industrial scale of operations.
Key manufacturers of lyophilizers and their accessories are actively focusing on the expansion of their businesses across various locations in the world. Market players are also focusing on innovation by launching new products as a strategy to maintain their position in the global lyophilization market.
Apart from this, collaborations and partnerships are a major promotional strategy carried out by different industry players.
Similarly, recent developments related to companies operating in the lyophilization market have been tracked by the team at Fact.MR, which are available in the full report.
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The global lyophilization market reached US$ 926.1 million in 2021.
The global market for lyophilization is expected to reach US$ 2.3 billion by the end of 2032.
Revenue from lyophilization increased at a CAGR of 4.9% from 2012 to 2021.
The U.S., China, Japan, Germany, and India account for the most growth of the lyophilization market.
The U.S. accounted for 91.6% share of the North American market in 2021.
The Europe market is predicted to expand at 7.3% CAGR through 2032.
Top companies in this market are Yamato Scientific America Inc., GEA Group, and IMA – Industria Macchine Automatiche S.p.A.
The South Korea lyophilization market is expected to exhibit 6.8% CAGR, and the Japanese market is set to surge at 10.3% CAGR over the decade.
The Indian market is set to balloon at a value CAGR of 11.2% during the forecasted years.
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