New York City, 05 Feb 2020:The global freeze
drying equipment market size is expected to reach USD 3.11
Billion by 2026 according to a new study by Polaris Market Research. The report “Freeze Drying Equipment Market Share, Size, Trends,
Industry Analysis Report By Product Type, By Application, By Regions, Segments
& Forecast, 2019 – 2026” gives a detailed insight into
current market dynamics and provides analysis on future market growth.
Freeze drying is the effective way of drying various heat
sensitive, unstable and aqueous products. Lyophilization is used in pharmaceuticals
manufacturing in the healthcare industry. Freeze drying process is used to
conserve the decay of food materials by slowing down the decomposition process.
This process preserves the quality, taste and texture of wide range of
products. This is the reason for its wide usage in food processing industry and
healthcare industry.
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The rapidly growing food processing industry is expected to be one
of the major reasons for the augment in demand for freeze drying equipment over
the forecast period. In addition to this, the growing healthcare industry is
also anticipated to propel the growth of freeze-drying equipment market over
the forecast period. Rise in awareness pertaining to various benefits such as
enhanced efficiency with regards to air drying and desiccant drying associated
with these products is also anticipated to drive the growth of this market over
the forecast period. The rapidly growing urbanization coupled with
increasing consumption of preserved foods is also anticipated to fuel the growth
of freeze-drying equipment market. Various companies in the market have adopted
mergers and acquisitions as a key developmental strategy.
Industrial freezers hold a major share
in the global market. This is mainly due to its usage in various industrial
areas because of its high efficiency. Pharmaceuticals and food processing
industries are anticipated to hold a massive share in the global showcase.
However, the food processing segment is expected to witness highest growth rate
over the forecast period. This equipment are widely used in pharmaceutical
industry to store and stable the drugs and also to preserve biologicals such as
viruses & bacteria, proteins, enzymes, and penicillin.
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Asia Pacific is expected to witness exponential growth in demand
for freeze drying equipment market over the forecast period. There has been
increase in awareness activities pertaining to benefits associated with the
usage of freeze drying equipment amongst the industries in this region. This in
turn, has led to augment in demand for this equipment in the recent years, thus
fueling the growth of the market. In addition to this, North America and Europe
are expected to also contribute a major share in the global market owing to the
existence of leather tanneries. Hence, the market size is anticipated to
witness significant growth in these regions.
The key leading players in the market include Tofflon Science and
Technology Co., Ltd, GEA Group, Labconco Corporation, Azbil Corporation, EYELA,
Harvest Right, Millrock Technology, Inc., SP Scientific, Yamato Scientific
America Inc., Z-SC1 Corp., Mechatech Systems Ltd., OctoFrost Group and USIFROID
among others. These key market players are continuously focusing on R&D
activities in order to gain major market share. In addition to this, the key
market players in have adopted the strategy of signing agreements with other
small players so as to geographically increase the visibility of their
products.
About
Polaris Market Research
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is a global market research and consulting company. The company specializes in
providing exceptional market intelligence and in-depth business research
services for our clientele spread across different enterprises.
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