Freeze drying is an effective food preservation procedure. It helps the easy transportation of perishable materials. Also known as lyophilization, it eliminates moisture from food products to prevent fungal or bacterial growth. The freeze drying equipment market includes cryogenic liquid storage, vacuum & freezing chamber, vacuum pumps, tubes, nozzles, and freezing chamber.
For Market Research Report on “Freeze Drying Equipment Market” Visit -http://www.radiantinsights.com/research/freeze-drying-equipment-market-research-report-2015
Pharmaceutical and biotechnology companies use lyophilization equipment to enhance the longevity of vaccines, antibiotics, blood plasma, enzymes, and bacteria-derived composites. The need for shelf foods with longer shelf lives will maintain demand for these equipments in the food & beverages sector.
Preservation of flowers and leather is projected to further the freeze drying equipment market. High installation costs of these equipments are a major restraint for the market. Eco-friendly burials and taxidermy could provide future opportunities. The market would attain around USD 35.8 billion by 2020. It is sliced into products, applications, and geographical regions.
Bench top, mobile, laboratory, industrial, and general are products of the freeze drying equipment market. Industrial freeze dryers dominated the market in 2013. They had 44.7% of the overall share the same year. Mobile is predicted to grow at 12.1% CAGR from 2014 to 2020 (forecast phase). Bench top freeze dryers are used in laboratories.
Surgical procedures, biotechnology, food processing, and pharmaceuticals are the applications. Robust demand for these equipments across the aforementioned segments would also steer market revenues during the years ahead. Food processing led the market in 2013. It earned 35% of the total revenues. Biotechnology will be the fastest growing application, at a predicted 12.2% CAGR in the forecast phase. Demand for freeze drying equipments in pharmaceuticals could produce revenues exceeding USD 7 billion by 2020.
In terms of geographical regions, North America dominated the freeze drying equipment market in 2013, by accounting for 34.7% of the global revenues. Asia Pacific would experience the fastest growth, with around 12% CAGR over the next six years. Pharmaceuticals and food processing applications in India and China are estimated to drive regional demand. Europe will experience stable growth in the forthcoming years.
Key companies of the global freeze drying equipment market are Telstar S.A., Labconco Corp., Cuddon Freeze Dry, GEA Niro, and Operon.
Information Source: Radiants Insights