The global spray-dried food market is projected to secure a CAGR of 7.7% throughout the valuation period from 2022 to 2032. The global market stood at a valuation of US$ 54,122.2 million in 2022 to attain a value of US$ 1,13,260.9 million by 2032. There is surging adoption within the spray-dried food market as they produce dry food products using hot gas. Therefore, it is anticipated that the spray-dried food market is likely to have significant growth during the forecast period.
The global spray dryer market within the food industry is gaining immense traction over the forecast period. This rising momentum in the market is taking place as it does not change the aroma or color of the product, but rather helps in maintaining the texture of the food product. Moreover, spray-dried food products are gaining significant traction and spray dryers are rigorously being used in dairy and coffee manufacturing. It is expected that the global spray-dried food market is bolstering because spray-dried foods are cheaper in comparison to freeze-dried food products.
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Key Takeaways
Competitive Landscape
Key manufacturers in the global spray-dried food market are actively offering healthier products to more health-conscious consumers. Furthermore, technological advancements are helping in lowering the cost of equipment and the consumption of energy.
The start-ups within the spray-dried food industry market are rapidly improving the quality of the products by deploying frequent innovations to improve the capacity of the spray dryers in the food industry.
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More Insights into the Spray-Dried Food Market
North America is predicted to dominate the global spray-dried food market over the forecast period. At present, the North American region cumulatively holds a total of 27.8% of the total market share for spray-dried food.
The growth of the global spray-dried food market is attributed to the rising population of this region, who are conscious of the health and nutrition factors for what they are consuming. Furthermore, the government is providing grants to emerging companies in order to carry out research and development activities.
These activities help bring additive-free natural food products into the market, creating robust opportunities for the market to grow.
Europe is projected to have substantial growth throughout the forecast period as it accounts for around 24.5% of the total market share. The European region is expected to bolster because a deep-rooted culture prevails in the European region around convenience food. Such foods can easily be cooked or packed at home without any prior preparation needed.
Massive dairy and snacking industries have been set up within the European region, which is likely to influence economic growth, and people are continuing to eat out as per the trend, as compared to consumers having outside food previously.
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Key Segments in The Spray Dried Food Market
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