Dried Processed Food Market - Forecast(2023 - 2028)

Dried Processed Food Market size was valued at $271.8 billion in 2019 and is poised to grow at a CAGR of 4.6% during the forecast period 2020-2025. Drying is an ancient process in which humidity of food/ crop removal happens. This help in extending shelf life of food along with preserving nutrients and flavors. Besides, the drying process of foodstuffs helps to prevent growth of the microorganism. In the ancient times water used to be removed through evaporation, whereas now electric food dehydrators or freeze-driers are used to speed up the drying process. Dried foods consumption is more owing to their high sugar content, sweet taste and a longer shelf life. The dried processed food is set to grow for the forecast period (2020-2025), owing to the increase in demand for convenience food, mostly among the working population of developing countries.

The report: “Dried Processed Food Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Dried Processed Food Market.

By Product - Pasta and noodles, Ready meals, Soup, Baby food, Dessert Mix, and Others

By Technology - Freeze Dried, Spray Dried, Sun Dried, Vacuum Dried, Hot Air Dried, and Others 

By Distribution Channel - Supermarkets /Hypermarkets, Convenience stores, Independent Retailers, Specialist Retailers, Online and Others

By Geography - North America, South America, Asia-Pacific, Europe, and Rest of the World

The Dried Processed Food Market based on product has Pasta and noodles, Ready meals, Soup, Baby food, Dessert Mix, and others. The pasta and noodles segment was the largest product segment by revenue share in 2019. The demand for pasta and noodles is increasing owing to the benefits such as easy to cook and take less time to prepare. Hectic lifestyles of consumers all over the world and the need for leisure has attracted the growth of convenient food products like ready meals, dried pasta and noodles, and other dried processed food products, this is set to drive the demand for the market over the forecast period (2020-2025). 

The application segment of Dried Processed Food Market has Supermarkets/ hypermarkets, Convenience stores, Independent Retailers, Specialist Retailers, online, and others. Supermarket/ hypermarket segment registered for the highest market share in 2019. It is set to continue the growth in the forecast period (2020-2025) owing to the availability of processed dried foods in a wide variety, attractive merchandising, and strong networks of distributors. The online segment is set to grow in the forecast period (2020-2025) with the rising trends of e-commerce.

The Dried Processed Food Market by geography had the dominant share in North America, with 41% of the share in terms of revenue in 2019. It is set to continue the growth owing to increase in consumption of processed food. The Asia-Pacific is set to register highest CAGR, owing to the strong presence of food manufacturing companies focusing on ready-to-eat food. Besides, rapid urbanization, industrialization, changing food consumption preferences, along with increase in disposable income are some factors estimated to fuel growth of the target market in this region. 

Drying helps to remove all the microorganisms present in food and makes the food suitable for people of every age. Owing to the growing health awareness, among people around the globe, all the food manufacturers and industries of dried processed food are concentrating on using natural food additives and ingredients that are organic, functional, low toxicity, and high effectiveness in these dried food products. This is set to drive the market over the forecast period (2020-2025).

With the strong presence of local manufacturers across every country, there is a chance of fragmentation of the market is more, this is a challenge to look after which estimate to resist and hamper the growth. Besides, concern and awareness among buyers for the advantages of gluten-free food items are pushing the key players to work upon their portfolio, which is a challenge to look after in the industry.

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Dried Processed Food Market. Key companies of this market are Ajinomoto, Kraft Heinz, Nestlé, Nissin Foods, Unilever, Acecook Vietnam, BandG Foods, Campbell, CJ Group, ConAgra Foods, General Mills, Hain Celestial, House Foods Group, ITC, Masan Consumer, Ottogi Foods, Symington's, Ting Hsin International Group, Toyo Suisan.