Lyophilization Market Analysis

The market is segmented on the basis of equipment type into tray-style freeze dryers, manifold freeze dryers, and rotary freeze dryers, out of which the tray-style freeze dryers’ segment is anticipated to grab the largest share by the end of 2021 on account of its wide use in pharmaceutical and food industries. Moreover, the growing emphasis on contract manufacturing and increase in demand for lyophilized food products are also projected to contribute to the growth of the segment during the forecast period.

On the basis of end-user, the food processing & packaging segment in the lyophilization market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the rising demand for lyophilized food along with the rapid development of contract food manufacturing and processing industries.

Our in-depth analysis of the global market includes the following segments:

Equipment Type	Tray-Style Freeze Dryers Manifold Freeze Dryers Rotary Freeze Dryers
End-User	Food Processing & Packaging Pharmaceutical & Biotechnology Biomedical Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of lyophilization is evaluated at USD 1.1 billion.

Lyophilization Market size was over USD 1.03 billion in 2023 and is poised to cross USD 2.97 billion by 2036, witnessing more than 8.5% CAGR during the forecast period i.e., between 2024-2036. The advancements in lyophilization technology and the growing demand for lyophilized products globally will fuel the market growth.

Asia Pacific is estimated to hold largest revenue share by 2036, owing to increasing investments in lyophilizer technological infrastructure, and the rise in income levels of the population in the region.

The major players in the market include Azbil Corporation, Azbil Telstar, S.L.U., GEA Group AG, and SP Industries, Inc. among others.

Lyophilization Market Analysis