12th
March 2019 - The
global long term food storage market is expected to display higher growth rate
in the upcoming years. Rapid surge in the market is credited to the increasing
space missions, shifting preferences among consumers towards ready-to-cook
meals, increasing demand for convenience food, and growing focus towards
hygienic food products. Long term food storage system allows food products to
retain maximum vitamins and minerals. The advanced freezing solutions allows
longer shelf life for the food products and limits any form of microbial growth
that leads to food spoilage. In addition, increasing product penetration due to
the rising number of e-commerce retail stores is expected to fuel the growth of
long term food storage market in the upcoming years.
Long term food storage signifies food that is dehydrated and dried or
freeze-dried to improve its shelf life. Development of highly advanced
packaging solutions and ingredients for long-lasting food storage is expected
to fuel market demand over the coming years. Long term food storage is
typically required during harsh conditions such as space, war or extreme
adventure. Globally, long term food storage market is predicted to generate
massive revenue over the forecast period, providing numerous opportunities for
industry participants to invest in research and development of long term food
storage.
Advanced freezing techniques not only extends life span of the food
products but also maintains their nutritional value. Increasing demand for
frozen fruits and vegetables from developed and developing economies is
expected to positively affect market performance of long term food storage
market in the upcoming years. Furthermore, emergence of advanced refrigeration
media for commercial and industrial application is predicted to boost market
growth over the forecast period. Increasing import and export activities for
frozen food products such as chilled beef products, frozen pizza, frozen fruits
& vegetable, and many more, is expected to foster market growth over the
coming years.
The market is broadly categorized into two major segments based on the
application type such as dehydrated food products and freeze-dried food
products. Freeze-dried food products segment is growing rapidly in the market
with substantial revenue generation in the last few years. Growing popularity
of freeze-dried food products segment is attributed to the increasing product
penetration in global market.
The long term food storage industry is divided by region as North
America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in implementation of
latest technologies in food & beverages industry, surge in number of
research & development activities and existence of well-established
industrial infrastructure in the region. In European region, Germany, France,
and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the market with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with shifting trends towards convenience
food, improved living standard, increasing per capita income, and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the long term food storage market are OFD Foods LLC,
Freeze-Dry Foods Ltd., Wise Co., Blue Chip Group, Inc., Astronaut Foods Ltd.,
Emergency Essentials Co., Katadyn Group, Inc., eFoods Direct, LLC, Legacy
Premium Co., Valley Food Storage Co., and My Food Storage Co.
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