New York City, 25 Sep 2019: 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 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.
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.
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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