Asia-Pacific Freeze-Drying Market is estimated to grow $848 million in 2027 from $524 million in 2020, growing at a CAGR of 6.9% during the forecast period (2021-2027). The growing pharmaceutical industry is majorly creating the demand for freeze-drying equipment in the Asia-Pacific region. Additionally, the food processing industry has significant contributions to market growth in the Asia-Pacific region. manufactures providing freeze-drying equipment within the Asia-Pacific region include ULVAC, Inc. (Japan), NISSEI, Ltd. (Japan), Kyoes Vacuum Engineering Co., Ltd. (Japan), Huayu Brother (China), LABFREEZ Instrument Co., Ltd. (China), Ningbo Scientz Biotechnology Co., Ltd. (China), Freeze Drying Systems Pvt. Ltd. (India). These manufacturers and suppliers offer freeze-drying products to various players in the pharmaceutical industry and food processing industries. For instance, food processing companies utilizing freeze-drying technology in the Asia-Pacific region include Asahi Group Foods, Ltd. (Japan), Nissin Foods Holdings Co., Ltd. (Japan), Accelerated Freeze Drying Co., Ltd. (Japan), TATA Coffee (India), Ajinomoto Co., Inc. (Japan), Amano Jitsugyō Co., Ltd. (Japan), and Flex Foods, Ltd. (India).
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Growing Demand for Freeze-Drying Market
The pharmaceutical industry in Asia-Pacific has led by increasing pharmaceutical R&D investment and the presence of major pharmaceutical companies, including Livzon Pharmaceutical Group, Sun Pharmaceutical, Ltd. (India), Guangzhou Baiyunshan Pharmaceutical Holdings (China), and Dr. Reddy’s Laboratories, Ltd. (India), in the region. This enables to increase the demand for Indian pharmaceutical products. These pharmaceutical manufacturers are using freeze-drying technology to preserve biological products such as biological fluids, drugs, proteins, enzymes, and hormones. Freeze dryers allow extending the shelf-life of a live virus vaccine due to which it has significant demand in the pharmaceutical industry across the globe. Further, freeze-drying technology allows easy storage and shipping of any injectable material, anti-blood clot medicine, insect anti-venom, and therapeutic monoclonal antibodies.
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Scope of the Asia-Pacific Freeze-Drying Market
Market Coverage
- The market number available – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Type, By Technology, By Scale of Operation
- Regions Covered- Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific)
- Competitive Landscape- Ajinomoto Co, Inc., Asahi Group Holdings, Cuddon Freeze Dry, Shanghai Lyomac Technology Co., Ltd., Shanghai Tofflon Science and Technology Co., Ltd.
Recent Strategic Initiatives in the Asia-Pacific Freeze-Drying Market
- Shanghai Tofflon Science and Technology Co., Ltd.’s future focus lies on innovative drug manufacturing science and building an advanced drug manufacturing platform. Moreover, to strengthen its core competence, the company is making huge investments in advanced innovations, facility expansion, and organization restructuring.
Asia-Pacific Freeze-Drying Market -Segmentation
By Type
- Vacuum Systems
- Loading and Unloading
- Controlling and Monitoring Systems
- Manifolds
- Clean in Place Systems
- Drying Chambers
- Other Freeze-Drying Accessories
By Technology
- Tray Style Freeze Dryers
- Manifold Freeze Dryers
By Scale Of Operation
- Industrial Scale Freeze Dryers
- Pilot Scale Freeze Dryers
- Lab Scale Freeze Dryers
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
