The global freeze drying equipment market will expand at a CAGR of 10.50% from 2013 to 2019.
Albany, NY -- (SBWIRE) -- 01/10/2018 -- Freeze-drying is the technique of freezing a product and drying it of all moisture content. This technique is used to enable storage of products for longer periods of time as lack of moisture inhibits the growth of bacteria and fungi. Machines that utilize this technique are usually referred to as freeze-dryers and a collection of parts that are usually used in conjunction with each other are part of freeze drying equipment. Freeze-drying equipment typically consists of vacuum pumps, various nozzles and tubing, sensors, vacuum and freezing chamber, cryogenic liquid storage and other such essential units that govern the process.
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Rising demand from a growing pharmaceutical industry globally, increasing demand for food preservation over longer time periods and enhanced properties & quality as compared to conventional methods have been driving the market for freeze-drying equipment for the past few years. A huge potential from taxidermy and eco-friendly burials along with the increasing importance of flowers and leather preservation are expected to boost market revenues in the next few years.
The demand for huge factory set-up in the food processing & pharmaceutical industries led to the development of industrial freeze dryers with huge capacities and high degrees of performance. Due to their sheer sizes and complexities, these equipment are usually used in large industries where production lines can be arranged in-line to the freeze-dryers. Industrial freeze-dryers accounted for about 45% of the total revenue generated from the market in 2012. Laboratory-scale freeze dryers were the other major product segment along with benchtop and general purpose equipment. Due to their ease of operation and flexibility in location, mobile freeze-dryers have been showing great demand in the past few years and are expected to be the fastest growing segment in the near future, expected to grow at a CAGR of 11.1% between 2012 and 2019.
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Freeze drying equipment is primarily used in food packaging, biotechnology, surgical procedures, pharmaceuticals and other applications. Food packaging is expected to drive the market forward and account for over a third of the total revenue generated globally for freeze-drying equipment. Biotechnology is expected to be the fastest growing application and is expected to grow at a CAGR of 11.2 % between 2013 and 2019. Demand from cryo-storage of umbilical cords and other techniques are expected to boost revenues in the surgical procedure segment. Pharmaceuticals are expected to be another major application area for freeze-drying equipment that can be used for antibiotics and capsule packaging. Other application segments such as leather preservation, floral decorations, book & record preservation are expected to show increased growth in the near future. Taxidermy and eco-friendly burials are also expected to be possible revenue generators in the market in the coming years.
Technological advancement and a huge demand for military and aerospace applications have resulted in a greater focus on freeze dryers in North America for food preservation and pharmaceuticals. In 2012, North America was the dominant region by product sales and accounted for about a third of the demand for freeze-drying equipment. Huge demand for leather preservation and food have been major factors affecting the European market and resulted in the region holding a considerable market share globally. Asia Pacific is expected to be the fastest growing market and is anticipated to grow at a CAGR of 11.2% between 2013 and 2019.
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Thermo Fisher Scientific Inc., GEA Niro and Telstar S.A. are expected to be the major players in the market in the coming years. Along with I.M.A. S.p.A, Labconco Corp. and SP Industries Inc., these 6 companies accounted for about 25% of the global revenue share in freeze-drying equipment in 2012.