Add the freeze dried strawberries to a plastic bag and and crush them with a rolling pin or mallet until they're a fine powder. Set aside.

Add the cream cheese and butter to the bowl of a stand mixer fitted with the paddle attachment. Beat together until smooth, about 1 minute.

Add the powdered sugar and mix on the lowest speed until the sugar is incorporated, scraping down the bowl as needed. Add the freeze-dried strawberry powder, strawberry concentrate, and vanilla extract.

Mix an additional 30 seconds to 1 minute until the frosting is smooth and creamy.

Use immediately or store covered in the refrigerator until ready to use. Let the frosting come to room temperature and mix well before using if you refrigerate it.