December 18, 2019
According to the research report titled ‘Air-Dried Food Market Size By Product (Fruits, Vegetables, Coffee Beans, Herbs, Meat), By Form (Powder & Granules, Chunks/Pieces, Flakes), By B2C Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retailers), By B2B End-user (Hotels & Restaurants, Bakery Chains, Pet Food, Processed Food), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, the air dried food B2C market is expected to cross USD 38 billion, whereas air dried food B2B market will exceed USD 114 billion by the year 2026.
Advancements in technology in food packaging sector is the major factor driving the air dried food market. These food items have longer shelf life as they have less moisture content. This factor, coupled with favorable government initiatives over food certifications is aiding in the expansion of the market. Rising adoption of sedentary lifestyle has led to increasing consumption of pre-packed food, which in turn is fueling the industry outlook. Moreover, growing worldwide population, increasing number of working people, rising disposable income, and consequent inclination towards convenience food are augmenting the demand for air-dried food items across the globe.
According to the report, B2C (business to consumer) air dried food market will register faster growth as compared to its counterpart B2B (business to business) market during the forecast period, on account of shifting consumer preferences towards pre-packed food items having longer shelf life. The convenience of online retailers, supermarkets & hypermarkets, along with the penetration of online and card payment alternatives are major factors driving the growth of B2C air dried food segment.
Speaking of distribution channels, supermarkets & hypermarkets segment is presumed to hold 50% share in air dried food B2C market over the analysis timeline, owing to availability of various air dried food items at varying prices in these stores. Convenient payment methods, in tandem with availability of parking facilities are contributing towards the growth of the segment.
As per product type, air dried fruit market is projected to grow by 10% in the B2C spectrum during the estimated timeframe. Extensive use of air dried fruits in preparation of chocolates, breads, and cakes, along with rising preference for direct consumption are fueling the segmental growth. On the other hand, air dried vegetables market will witness decent growth due to preserved taste and nutritional content of these products for longer time.
Based on form, flakes segment held 20% share in air dried food B2B market in 2018, pertaining to surging need for healthy and nutritional food items during breakfast. Chunks/pieces segment is estimated to grow moderately since these products are used extensively for garnishing.
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Considering geographical landscape, Europe air dried food B2C market accounted for 35% revenue share in 2018, due to presence of key industry players across the region which are offering variety of products according to consumer requirements. Escalating disposable income, in consort with evolving lifestyles are fueling the regional market demand.
The prominent companies operating in air dried food market are B-B Products (Australia) Pty Ltd., BC Foods, Nestle S.A, Dehydrates, Inc., Royal Ridge Fruits, Silva International, Milne Fruit Products, Inc., and Mondelez International, Inc. among others.
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