The market for food vacuum drying machines is expected to reach USD 1,728 Million by 2032, growing at a CAGR of 3.6 percent from 2022 to 2032. The market is expected to reach USD 1,215 Million in 2022.
Around 30% of the total revenue made by the global food dryer market in 2021 came from the. During the assessment period of 20222032, the food vacuum drying machine industry is predicted to offer an absolute dollar opportunity of USD 513 Million.
Quality retention, which is a significant area of concern in the food industry, has a significant impact on the growth of the market for food vacuum drying machines. The manufacturing processes are under close examination due to the regulations that are enforced on product quality and relevant specifications.
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The increasing number of food projects that have been scheduled over time has had a significant impact on the market for food vacuum drying machines' current growth curve. The global trend toward customised food vacuum drying equipment is significantly bolstering the growth aspects of the industry. This will further encourage manufacturers to develop solid strategies and broaden the scope of their product specialties.
Additionally, the popularity of customised food vacuum dryers is reviving the entire value chain process, which is encouraging for the market expansion for food vacuum dryers. The demand from food applications is set to sway the global market for food vacuum drying machines, creating promising aspects for manufacturers. OEMs and Aftermarket play a crucial role in the Food Vacuum Drying Machines Market.
Continuous vacuum freeze belt dryers are expected to have the highest market value by product type by 2028. Continuous vacuum belt dryers are expected to outpace all other product types in terms of growth, expanding at the highest CAGR of 3.7 percent. According to operating principle, indirect drying will outperform direct drying in terms of revenue.
It is anticipated that indirect drying will outperform direct drying in terms of growth. During the assessment period of 2018 to 2028, indirect drying is expected to grow at a CAGR of 3.2%. In 2018, North America stood out with a sizable market share, and by the end of 2028, this region is likely to be in the lead.
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The use of superheated steam dryers is anticipated to become a growing trend as a result of their many benefits, including energy recovery, rapid drying, reduced equipment size and capital cost, minimal environmental impact, and many more. One of the most anticipated trends in the upcoming market environment is the consolidation and growth of the market.
Manufacturers' reliance on mergers and acquisitions is expected to increase as they try to keep up with demand, access lucrative APAC markets, and strengthen their positions in developed nations like Europe and North America.
With fewer players holding about two-thirds of the global market share, the market for food vacuum dryers is anticipated to be highly competitive. Food vacuum drying machine manufacturers have undergone a significant evolution, particularly in China and at regional frontiers. The availability of sophisticated manufacturing technology and affordable machinery is to blame for this proliferation.
On the other hand, a number of governmental regulations regarding the design and development of vacuum drying machines, a high rate of power consumption, and the shelf life of machines are some of the major barriers likely to stymie the growth of the global market. In the wake of several realisations related to price correction, the manufacturers are predicted to pursue long-term supply contracts.
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Global Food Vacuum Drying Machine Market Segments
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