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.
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