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Food-grade Gases Market Size, Share & Industry Analysis, By Type (Nitrogen, Oxygen, Carbon Dioxide), By Application (Freezing & Chilling, Packaging, Carbonation) and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI101623 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global food-grade gases market is projected to grow significantly during the forecast years due to rising advancements in processing and preserving technologies in food & beverage industry. Increased consumption of packaged food products across developed as well as developing economies is expected to foster the growth of global food-grade gases market during the forecast years (2019 – 2026).


Key companies operating in the global food-grade gases market are focusing on merger & acquisition activities, along with the launch of novel products to maintain their significance in the global market. Airgas Inc. (US), Linde plc. (UK), and Massy Group (Spain) are some of the key companies performing in the global food-grade gases market.


Food-grade gases are industrial gases that conform to ‘food grade’ regulations in order to get utilized in the food & beverage industry. They are widely used as food additive or as processing aids across the food and beverage industry. Nitrogen, carbon dioxide and oxygen are three commonly used food-grade gases that are used either independently or in combinations for various applications.


Key Market Driver -

Key Market Driver – Growing demand for packaged and processed food is expected to drive the market growth.

Key Market Restraint -

Key Market Restraint – Stringent regulations on use of food additives is expected restrain the market growth.


Food-grade gases are widely used in the packaging of processed and packaged foods, hence increasing consumption of the aforementioned products across the globe is projected to influence the global food-grade gases market positively during the foreseeable years. The rise in demand for fresh bakery, dairy, confectionery, and meat products is expected to escalate the use of food-grade gases to preserve them from early microbial contamination and hence keeping them fresh for longer.


Furthermore, increasing per capita income of consumers, and rapid urbanization across various developing economies, such as China, Brazil, and India is further expected to fuel the growth of global food-grade gases market. Strict regulations on the use of additives in the food & beverage industry is projected to hinder the growth of the market in the upcoming years.


Key Players Covered:


Some of the major companies that are present in the global food-grade gases market are Linde plc. (UK), Matheson Tri-Gas Inc. (US), Gulf Cryo (Kuwait), Air Liquide (France), Airgas Inc. (US), SOL Group (Italy), Taiyo Nippon Sanso Corporation (Japan), Wesfarmers Limited (Australia), Massy Group (Spain), and Parker Hannifin GmbH (Germany).


On the basis of type, the global food-grade gases market has been segmented into nitrogen, oxygen, and carbon dioxide. The carbon dioxide segment is projected to hold dominance in the global food-grade gases market during the forecast years, due to it's cooling and refrigeration properties. High application of carbon dioxide in various carbonated, non-alcoholic, and alcoholic drinks is, coupled with high adoption of the gas for Modified Atmosphere Packaging (MAP) is further anticipated to propel the growth of carbon dioxide segment in the forthcoming years.


On the basis of application, the global food-grade gases market has been segmented into freezing & chilling, packaging, and carbonation. Among these, the freezing & chilling segment is anticipated to dominate the market during the forecast period, as it is one of the widely adopted methods to preserve food products and avoid microbial growth within them. Freezing & chilling can effectively slow down the enzymatic procedures, hence extending the shelf-life of food and beverage products.


Regional Analysis:


North America currently holds the major market share and is expected to retain its dominance throughout the forecast period, owing to higher consumption of packaged foods, carbonated beverages, and seafood & poultry products in the region. High demand and consumption of frozen products in developed regions such as North America and Europe, coupled with the presence of highly-organized cold chain infrastructure and food & beverage retail industry in these regions is projected to contribute in further boosting the growth of food-grade gases market of the aforementioned regions.


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Asia Pacific is projected to grow at a considerable pace during the forecast years, due to the increasing demand for packaged food in the region, attributed by increase in number of female working population, urbanization, and adoption of innovative packaging technology.


Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • Nitrogen

  • Oxygen

  • Carbon Dioxide



By Application




  • Freezing & Chilling

  • Packaging

  • Carbonation



By Geography




  • North America (USA, Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa and Rest of ME&A)



 


Key Industry Developments



  • In October 2018, The Linde Group (Germany) and Praxair, Inc. (US) completed their merger to improve their market position globally and claim to become the biggest player in the industrial or food-grade gases industry.

  • In May 2017, Praxair Inc. (US) launched a novel beverage carbonation solution, called XactCO2, designed especially for bars and restaurants. The product claims to offer a reliable, safe, efficient, and economical beverage for carbonation requirements of customers


Food-grade Gases Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

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