Feb 10, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Food Dryer Market.
It was estimated prior to this unanticipated outbreak that the Food Dryer Market is estimated to grow at a Healthy CAGR of during the forecast period. Food dryer is a kitchen equipment that enables to remove moisture from food in order to improve its shelf life. It operates by using fan, air vents, heating element, and food trays within the device. Food dryers improve the shelf life of the food by preventing the growth of microbes such as mold, yeast, and bacteria by the removal of moisture. A food dryer uses the source of heat and flow of air to lower the moisture content of the food. It enables to preserve the natural nutrients as it simply eliminates the water from food, thus ensures sustaining healthy enzymes and vitamins.
Substantial growth in food processing sector is a key driver for the food dryer market growth. Increasing demand for dried food worldwide drives the product demand. Also, minimal weight of dried products, ease of operation, rising shelf of food, and ease of packaging are some of the advantages of food dryer which positively influences the industry expansion. Growing focus on advanced techniques and online sales channels to penetrate the food dryer industry. Market players are aggressively investing in R&D to innovate new techniques to develop food dryers. However, high product cost and poor awareness in developing countries are likely to hinder the market growth.
COVID-19 Impact on Global Food Dryer Market
The coronavirus pandemic has almost hit all the manufacturing sector. The food sector has suffered poor raw material availability, disrupted supply chain, and difficulty in catering high demand. The agricultural sector has also been badly hit with limited resources and fertilizers. Thus, there has been a positive demand for dried food to sustain higher shelf life, thus bolstering the demand for food dryer in residential and commercial sectors.
Market Segmentation
End Use Trends
Based on end use, the residential segment is estimated to account for a significant market share by the end of forecast period due to increasing purchasing power and growing awareness regarding food wastage.
The countries such as Germany, Spain, the US, Netherlands, and China are the key contributors to the segment growth. The industrial segment is likely to register the fastest CAGR of 7.6% during the review period. This is mainly attributed to the rapid development of food & beverage sector, primarily in the developing countries of China and India.
Regional Trends
By region, the Europe dominated the food dryer market in 2020, accounting for about 35% market share.
This is mainly attributed to rapidly growing food and agriculture sectors. Also, the rising demand for dried food products with higher shelf lives coupled with high disposable income is a key factor augmenting the regional product demand. The UK, Germany, Spain, and France have strict norms to prevent food wastage, thus driving the product consumption.
Key Players:
Key players operating in the global Food Dryer market are-
- The Buhler Holding AG (Switzerland),
- Hamilton Beach Brands, Inc. (The U.S.),
- Carrier Vibrating Equipment, Inc. (The U.S.),
- Dürr Systems, Inc. (The U.S.),
- Cire Technologies Inc. (The U.S.),
- Buflovak-PK-Hebeler Process Solutions (The U.S.),
- BTU International (BTU International),
- Koolatron Corporation (Canada),
- National Presto Industries, Inc. (The U.S.),
- Tribest Corporation (The U.S.).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Food Dryer analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176