Spray Dried Food Market to Hit USD 131.8 Billion by 2034

Spray Dried Food Market to Hit USD 131.8 Billion by 2034 – Surge in Shelf-Stable and Easy-to-Prepare Foods

Posté 2024-09-24 09:50:55

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The global Spray Dried Food Market size is poised for significant growth, with market valuations expected to reach USD 131.8 Billion by 2034, growing at a CAGR of 7.7% during the forecast period (2024-2034). This growth is primarily driven by the rising consumer demand for convenient, long-lasting, and easy-to-prepare food products. Spray drying, a well-established method for preserving and enhancing the shelf life of food, is gaining traction in various sectors such as dairy, fruit, vegetables, and ready-to-eat meals.

The growing popularity of snack foods, dairy powders, and other instant consumables across global markets, coupled with advancements in spray drying technologies, are contributing to the accelerated adoption of spray-dried foods among food manufacturers.

Market Overview and Key Drivers

Spray drying is an effective method for converting liquid food substances into dry powders, ensuring longer shelf life and preserving nutritional value. As consumer lifestyles shift toward fast and convenient meal options, spray-dried foods provide an optimal solution by maintaining flavor, texture, and nutritional integrity while being quick and easy to rehydrate.

“The growing demand for spray-dried foods is driven by extended shelf life, reduced food waste, and high nutritional value, making it ideal for industries like health drinks, nutraceuticals, and baby food, boosting global market growth.”- says Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Market Trends

Rising Demand for Plant-Based Ingredients:
As plant-based diets continue to gain traction, spray-dried plant-based powders, including protein powders, fruit concentrates, and vegetable blends, are experiencing growing demand in both the food and beverage industry and the dietary supplement sector.
Organic and Natural Spray-Dried Products:
With consumers prioritizing health and wellness, there is a rising demand for organic, clean-label, and natural spray-dried ingredients. Food manufacturers are responding by expanding their product portfolios to include these healthier alternatives.
Innovative Applications in Nutraceuticals and Supplements:
The nutraceutical industry is utilizing spray drying to produce high-quality supplements and functional foods. The method ensures better nutrient preservation, creating powders that are more stable and easy to incorporate into various health products.

Competition Outlook

The global spray-dried food market encompasses diversified product portfolios of several key manufacturers across the regions. Leading players in the industry are consistently focusing on increasing their market share. From raw material sourcing to converting them as a key ingredient for the end-user industry companies are striving to maintain their supply chain to keep themselves competitive.

Key players are also focusing on creating their own raw material sources like large fertile lands for fruits and vegetables, exclusive dairy farms to reduce raw material expenses, and reduce the dependency on other resources, such strategies leveraging them to maintain their cash flow and increase the overall growth and revenue.

For instance

Companies like the Givaudan and Ajinomoto are strategizing to invest in production and expand their market sales in densely populated countries like China and Indonesia.
In March 2022, Taste and Nutrition industry giant Kerry Group acquired a Malaysian company Almer Malaysia Sdn. Bhd A producer of quality ingredients servicing the snacks and dairy markets based in Malaysia

Leading brands in the industry