During the projected period (2023 to 2033), the global freeze-drying equipment market is expected to grow at a CAGR of 7.1%. The freeze-drying equipment market size is projected to grow from USD 4,331.0 million in 2023 to USD 8,599.7 million by the end of 2033.
Increasing utilization of freeze-drying equipment in surgical operations, leather preservation, and flower preservation is one of the major factors that is likely to boost the market during the projected period. Rising demand from clients for custom-built food items has also led to the surging use of freeze-drying equipment in the food processing industry. Additionally, the need for freeze-drying equipment is being fueled by rapid urbanization and the rising consumption of preserved food items.
To preserve and store pharmaceutical goods, freeze-drying has become the industry standard in both the biotechnology and pharmaceutical sectors. Additionally, various items are cooled by using freeze dryers in the pharmaceutical sectors. They require a high-pressure vacuum in order to remove water vapor.
Furthermore, the physical structure of medications is preserved as during this procedure, delicate biological products and heat-sensitive pharmaceuticals are dried at moderate temperatures. Antibodies and emergency vaccinations are also made with these processed materials.
Freeze-drying equipment is anticipated to be widely used in the military and defense industry. The plasma that has been freeze-dried is being used more and more on the battlefield. Military medical personnel utilized conventional blood products in the past to treat injured personnel during emergencies. It took a long time since extra equipment like refrigerators was needed. Plasma, on the other hand, can be utilized easily to heal wounds prior to evacuation since it is frozen.
Moreover, the increasing need for lyophilization and contract manufacturing services across the globe is projected to bode well for the global freeze-drying equipment market in the next ten years. Demand for lyophilized products is set to grow at a fast pace in the next decade as these are extensively used for the manufacturing of new injectable formulations and biological drugs.
Lyophilization equipment is mainly used for the preservation of numerous food products such as meat, fruits, herbs, vegetables, fish, ice creams, food flavorings, and coffee. Freeze-dried food items do not need to be preserved with chemicals or refrigerated. These can be easily reconstituted by adding water.
Increasing demand for frozen food items due to changing lifestyles and the high disposable income of consumers is likely to push the global freeze-drying equipment market. In April 2022, for instance, Prasuma, a leading chilled meat and frozen food brand based in India, launched mutton & chicken seekh kebabs, chicken nuggets, mutton & chicken shammi kebabs, veg & chicken mini samosas, and veg & chicken spring rolls to expand its portfolio of frozen food.
| Attributes | Market Insights |
|---|---|
| Global Freeze Drying Equipment Market Estimated Size (2023E) | USD 4,331.0 Million |
| Projected Market Valuation (2033F) | USD 8,599.7 Million |
| Value-based CAGR (2023 to 2033) | 7.1% |
During the historical period from 2018 to 2022, the global freeze-drying equipment market exhibited steady growth at a CAGR of 5.4%. The market is projected to grow at a considerable pace in the next ten years on the back of the rising usage of freeze-dried food products by military personnel and astronauts. Growth is mainly attributed to the difficulty of carrying conventional dry food items.
High temperatures used can lead to physical or chemical changes in food items, for instance. Their overall quality will also not remain on par with freeze-dried food products. In May 2021, for instance, Sow Good Inc., a food products start-up based in Irving, introduced Sow Good, its new direct-to-consumer (DTC) freeze-dried consumer packaged goods (CPG) food brand.
The company uses state-of-the-art freeze-drying technology to eliminate water from fruits and vegetables. Thus, similar cutting-edge technology developments by key companies and start-up firms worldwide are expected to boost the global freeze-drying equipment market to 7.1% in the forecast period.
Need for Products with Long Shelf Life to Spur Sales of Food Freeze Dryer Machines in the USA
The freeze-drying equipment market in the USA is estimated to be worth about USD 1,060.2 million and holds nearly 68% of the share in North America during the evaluation period, says FMI. Increasing demand for on-the-go snacks is likely to push manufacturers to distribute their frozen food items across the USA
Also, the rapid expansion of the food processing and pharmaceutical industries in the country is projected to aid growth in the freeze-drying equipment market. As freeze-drying equipment helps in extending the shelf life of frozen food items, these products are set to gain high popularity in the USA
Rising Sanitation Standards in the UK to Foster Sales of Commercial Freeze Dryers
In the next ten years, it is expected that the UK will create an absolute dollar opportunity of USD 366.8 Million. As per FMI, the country is likely to generate nearly 22% of the share in the Europe freeze-drying equipment market by the end of 2033.
The market in the UK is anticipated to grow steadily as demand for freeze-drying equipment is increasing with rapid urbanization and the booming food industry. Household consumption is also one of the major factors responsible for driving the freeze-drying equipment market in the country. Furthermore, advancements in the freeze-drying equipment sector such as merging all process equipment into one to save human labor and increasing sanitation standards, are projected to propel the market.
Surging Snack Consumption in China to Push the Demand for Food Drying Equipment
According to FMI, the China freeze-drying equipment market is set to be worth over USD 304.9 Million, accounting for 32% of the Asia Pacific market in the forecast period. This growth is attributed to the rising population with a wide range of socioeconomic and cultural characteristics.
Furthermore, as western countries have increased their investments in the country to expand the food industry, demand for freeze-drying equipment has also surged. It has also led to the advancement of production levels and a reduction of the overall processing time.
In addition, market expansion has been aided by rapid population growth and increasing awareness about the availability of high-quality biological products. The presence of numerous renowned producers, particularly in China is another vital factor that would bode well for the market. Furthermore, due to rising snack consumption in urban areas and the increased need for processed food products, the China freeze-drying equipment market is expected to develop at a fast pace.
Food Processing Industry to Extensively Utilize Lyophilization Equipment by 2033
Based on application, the food processing segment is set to remain at the forefront in the global freeze drying equipment market during the evaluation period. Lyophilization is extensively used as a preservation technique in the food processing industry as it retains the flavor and nutritional value of various food items. Many food ingredients are also expected to be freeze-dried to extend their shelf life, which is further projected to drive the use of this technology in the food processing industry.
The global freeze-drying equipment market is highly fragmented with the presence of a large number of small- and large-scale companies. They are mainly focusing on mergers and acquisitions with local players to co-develop innovative products and distribute them across the globe. Meanwhile, a few other key companies are engaging in collaborations with international firms and start-ups to develop new production facilities in untapped areas.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 4,331.0 Million |
| Projected Market Valuation (2033) | USD 8,599.7 Million |
| Value-based CAGR (2023 to 2033) | 7.1% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered |
North America; Latin America; Europe; Asia Pacific; Oceania; Middle East & Africa (MEA) |
| Key Countries Covered |
The USA, Canada, Mexico, Germany, The UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered |
Product TypeType, Application, Region |
| Key Companies Profiled |
GEA Group Aktiengesellschaft; Azbil Corporation; Tofflon; Industria Macchine Automatiche S.p.A.; SP Industries, Inc.; HOF Sonderanlagenbau Group; Labconco; Martin Christ Gefriertrocknungsanlagen GmbH; Millrock Technology, Inc.; OPTIMA Packaging Group GmbH; BÜCHI Labortechnik AG; Scala Scientific; Zirbus Technology GmbH; Biopharma Process Systems Ltd.; MechaTech Systems Ltd.; Cuddon Freeze Dry; Freezedry Specialties, Inc.; Cryotec; Freeze Drying Systems Pvt. Ltd; Lyophilization Systems India Pvt. Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (MT) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by By Product Type, 2018 to 2033
Table 4: Global Market Volume (MT) Forecast by By Product Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by By Applications, 2018 to 2033
Table 6: Global Market Volume (MT) Forecast by By Applications, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by By Product Type, 2018 to 2033
Table 10: North America Market Volume (MT) Forecast by By Product Type, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by By Applications, 2018 to 2033
Table 12: North America Market Volume (MT) Forecast by By Applications, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by By Product Type, 2018 to 2033
Table 16: Latin America Market Volume (MT) Forecast by By Product Type, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by By Applications, 2018 to 2033
Table 18: Latin America Market Volume (MT) Forecast by By Applications, 2018 to 2033
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Europe Market Volume (MT) Forecast by Country, 2018 to 2033
Table 21: Europe Market Value (US$ Million) Forecast by By Product Type, 2018 to 2033
Table 22: Europe Market Volume (MT) Forecast by By Product Type, 2018 to 2033
Table 23: Europe Market Value (US$ Million) Forecast by By Applications, 2018 to 2033
Table 24: Europe Market Volume (MT) Forecast by By Applications, 2018 to 2033
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by By Product Type, 2018 to 2033
Table 28: East Asia Market Volume (MT) Forecast by By Product Type, 2018 to 2033
Table 29: East Asia Market Value (US$ Million) Forecast by By Applications, 2018 to 2033
Table 30: East Asia Market Volume (MT) Forecast by By Applications, 2018 to 2033
Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 33: South Asia Market Value (US$ Million) Forecast by By Product Type, 2018 to 2033
Table 34: South Asia Market Volume (MT) Forecast by By Product Type, 2018 to 2033
Table 35: South Asia Market Value (US$ Million) Forecast by By Applications, 2018 to 2033
Table 36: South Asia Market Volume (MT) Forecast by By Applications, 2018 to 2033
Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: Oceania Market Volume (MT) Forecast by Country, 2018 to 2033
Table 39: Oceania Market Value (US$ Million) Forecast by By Product Type, 2018 to 2033
Table 40: Oceania Market Volume (MT) Forecast by By Product Type, 2018 to 2033
Table 41: Oceania Market Value (US$ Million) Forecast by By Applications, 2018 to 2033
Table 42: Oceania Market Volume (MT) Forecast by By Applications, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: MEA Market Volume (MT) Forecast by Country, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by By Product Type, 2018 to 2033
Table 46: MEA Market Volume (MT) Forecast by By Product Type, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by By Applications, 2018 to 2033
Table 48: MEA Market Volume (MT) Forecast by By Applications, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by By Product Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by By Applications, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (MT) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by By Product Type, 2018 to 2033
Figure 9: Global Market Volume (MT) Analysis by By Product Type, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by By Product Type, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by By Product Type, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by By Applications, 2018 to 2033
Figure 13: Global Market Volume (MT) Analysis by By Applications, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by By Applications, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by By Applications, 2023 to 2033
Figure 16: Global Market Attractiveness by By Product Type, 2023 to 2033
Figure 17: Global Market Attractiveness by By Applications, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by By Product Type, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by By Applications, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by By Product Type, 2018 to 2033
Figure 27: North America Market Volume (MT) Analysis by By Product Type, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by By Product Type, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by By Product Type, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by By Applications, 2018 to 2033
Figure 31: North America Market Volume (MT) Analysis by By Applications, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by By Applications, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by By Applications, 2023 to 2033
Figure 34: North America Market Attractiveness by By Product Type, 2023 to 2033
Figure 35: North America Market Attractiveness by By Applications, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by By Product Type, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by By Applications, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by By Product Type, 2018 to 2033
Figure 45: Latin America Market Volume (MT) Analysis by By Product Type, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by By Product Type, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by By Product Type, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by By Applications, 2018 to 2033
Figure 49: Latin America Market Volume (MT) Analysis by By Applications, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by By Applications, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by By Applications, 2023 to 2033
Figure 52: Latin America Market Attractiveness by By Product Type, 2023 to 2033
Figure 53: Latin America Market Attractiveness by By Applications, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Europe Market Value (US$ Million) by By Product Type, 2023 to 2033
Figure 56: Europe Market Value (US$ Million) by By Applications, 2023 to 2033
Figure 57: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Europe Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) Analysis by By Product Type, 2018 to 2033
Figure 63: Europe Market Volume (MT) Analysis by By Product Type, 2018 to 2033
Figure 64: Europe Market Value Share (%) and BPS Analysis by By Product Type, 2023 to 2033
Figure 65: Europe Market Y-o-Y Growth (%) Projections by By Product Type, 2023 to 2033
Figure 66: Europe Market Value (US$ Million) Analysis by By Applications, 2018 to 2033
Figure 67: Europe Market Volume (MT) Analysis by By Applications, 2018 to 2033
Figure 68: Europe Market Value Share (%) and BPS Analysis by By Applications, 2023 to 2033
Figure 69: Europe Market Y-o-Y Growth (%) Projections by By Applications, 2023 to 2033
Figure 70: Europe Market Attractiveness by By Product Type, 2023 to 2033
Figure 71: Europe Market Attractiveness by By Applications, 2023 to 2033
Figure 72: Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: East Asia Market Value (US$ Million) by By Product Type, 2023 to 2033
Figure 74: East Asia Market Value (US$ Million) by By Applications, 2023 to 2033
Figure 75: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: East Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: East Asia Market Value (US$ Million) Analysis by By Product Type, 2018 to 2033
Figure 81: East Asia Market Volume (MT) Analysis by By Product Type, 2018 to 2033
Figure 82: East Asia Market Value Share (%) and BPS Analysis by By Product Type, 2023 to 2033
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by By Product Type, 2023 to 2033
Figure 84: East Asia Market Value (US$ Million) Analysis by By Applications, 2018 to 2033
Figure 85: East Asia Market Volume (MT) Analysis by By Applications, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by By Applications, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by By Applications, 2023 to 2033
Figure 88: East Asia Market Attractiveness by By Product Type, 2023 to 2033
Figure 89: East Asia Market Attractiveness by By Applications, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia Market Value (US$ Million) by By Product Type, 2023 to 2033
Figure 92: South Asia Market Value (US$ Million) by By Applications, 2023 to 2033
Figure 93: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia Market Value (US$ Million) Analysis by By Product Type, 2018 to 2033
Figure 99: South Asia Market Volume (MT) Analysis by By Product Type, 2018 to 2033
Figure 100: South Asia Market Value Share (%) and BPS Analysis by By Product Type, 2023 to 2033
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by By Product Type, 2023 to 2033
Figure 102: South Asia Market Value (US$ Million) Analysis by By Applications, 2018 to 2033
Figure 103: South Asia Market Volume (MT) Analysis by By Applications, 2018 to 2033
Figure 104: South Asia Market Value Share (%) and BPS Analysis by By Applications, 2023 to 2033
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by By Applications, 2023 to 2033
Figure 106: South Asia Market Attractiveness by By Product Type, 2023 to 2033
Figure 107: South Asia Market Attractiveness by By Applications, 2023 to 2033
Figure 108: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 109: Oceania Market Value (US$ Million) by By Product Type, 2023 to 2033
Figure 110: Oceania Market Value (US$ Million) by By Applications, 2023 to 2033
Figure 111: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: Oceania Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: Oceania Market Value (US$ Million) Analysis by By Product Type, 2018 to 2033
Figure 117: Oceania Market Volume (MT) Analysis by By Product Type, 2018 to 2033
Figure 118: Oceania Market Value Share (%) and BPS Analysis by By Product Type, 2023 to 2033
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by By Product Type, 2023 to 2033
Figure 120: Oceania Market Value (US$ Million) Analysis by By Applications, 2018 to 2033
Figure 121: Oceania Market Volume (MT) Analysis by By Applications, 2018 to 2033
Figure 122: Oceania Market Value Share (%) and BPS Analysis by By Applications, 2023 to 2033
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by By Applications, 2023 to 2033
Figure 124: Oceania Market Attractiveness by By Product Type, 2023 to 2033
Figure 125: Oceania Market Attractiveness by By Applications, 2023 to 2033
Figure 126: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 127: MEA Market Value (US$ Million) by By Product Type, 2023 to 2033
Figure 128: MEA Market Value (US$ Million) by By Applications, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: MEA Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: MEA Market Value (US$ Million) Analysis by By Product Type, 2018 to 2033
Figure 135: MEA Market Volume (MT) Analysis by By Product Type, 2018 to 2033
Figure 136: MEA Market Value Share (%) and BPS Analysis by By Product Type, 2023 to 2033
Figure 137: MEA Market Y-o-Y Growth (%) Projections by By Product Type, 2023 to 2033
Figure 138: MEA Market Value (US$ Million) Analysis by By Applications, 2018 to 2033
Figure 139: MEA Market Volume (MT) Analysis by By Applications, 2018 to 2033
Figure 140: MEA Market Value Share (%) and BPS Analysis by By Applications, 2023 to 2033
Figure 141: MEA Market Y-o-Y Growth (%) Projections by By Applications, 2023 to 2033
Figure 142: MEA Market Attractiveness by By Product Type, 2023 to 2033
Figure 143: MEA Market Attractiveness by By Applications, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The freeze-drying equipment market size is expected to reach USD 4,331.0 Million by the end of 2023.
The freeze-drying equipment market is expected to rise at a CAGR of 7.1% during the forecast period.
The USA, China, the UK, Germany, and Mexico are the major countries driving demand in the freeze-drying equipment market.
Clextral, GEA Group, Buhler AG, N.P. & Company, Inc., and Kiremko B.V. are expected to be the top players driving the freeze drying equipment market.
The global freeze-drying equipment market is expected to surpass USD 8,599.7 Million by the end of 2033.
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