Global Freeze Drying Equipment Market to Expand at 10.50% CAGR owing to Surging Demand from the Phar
Market Research, Freeze Drying Equipment Market
A recently released report from Transparency Market Research (TMR) forecasts that the global freeze drying equipment market will expand at a CAGR of 10.50% from 2013 to 2019. According to TMR, a market intelligence firm, the global freeze drying equipment market, which in 2012 stood at US$15.9 bn, is anticipated to reach US$30.98 bn by the end of the forecast period. The report, titled ‘Freeze Drying Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’, is available for sale on the company website.
According to this market research report, the global freeze drying equipment market is fueled by the pressing need for food preservation over longer periods and surging demand from the global pharmaceuticals market. The higher quality of freeze drying equipment over air drying and desiccant drying makes it widely preferred choices across various industries. The technique of drying a food product of all its moisture content is known as freeze drying. Most pharmaceutical and food processing industries today are investing hugely in installing freeze dryers with varying capacities and high level of performance. Freeze dryers are mostly used in large scale industries that are characterized by production lines that are installed in line to freeze drying equipment.
Browse Market Research report at http://www.transparencymarketresearch.com/freeze-drying-equipment-market.html
Freeze Drying Equipment Market
, Market Research