IMARC Group, a leading market research company, has recently releases report titled “Food Grade Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global food grade gases market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Food Grade Gases Market?
Report Attributes | Details |
Market Size in 2022 | US$ 7.9 Billion |
Market Forecast in 2028 | US$ 11.0 Billion |
Growth rate (2023 to 2028) | CAGR of 5.4% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is Food Grade Gases?
Food grade gases refer to gases that meet specific purity standards, thus making them safe for use in various stages of food processing, storage, and packaging. These gases are primarily used in the food and beverage industry to maintain product freshness, improve product shelf life, and ensure product safety during transportation. The most used food grade gases include nitrogen, carbon dioxide, and oxygen. Nitrogen is typically used for packaging and preservation purposes because of its inert properties, which help to displace oxygen and reduce spoilage. Carbon dioxide, known for its bacteriostatic properties, is used in carbonated beverages and for the chilling and freezing of food. Oxygen is used in modified atmosphere packaging to maintain the freshness and color of fruits, vegetables, and meat products. Additionally, gas mixtures, such as oxygen combined with carbon dioxide, are used in packaging a variety of perishable foods. They help maintain the texture and taste of the products while inhibiting the growth of harmful bacteria and other pathogens. To be classified as food grade, these gases must comply with strict standards of purity and handling procedures, which are regulated by governing bodies like the Food and Drug Administration (FDA) in the United States.
Request For a Free PDF Sample Report: https://www.imarcgroup.com/food-grade-gases-market/requestsample
What are the Growth Prospects and Trends in the Food Grade Gases Industry?
The increasing demand for fresh and quality food products represents one of the key factors driving the growth of the global food grade market. This is primarily attributed to the rising health consciousness among consumers which is boosting the growth of the market. Food-grade gases are essential in preserving the freshness and extending the shelf life of these products, which is driving the market growth. The market is also driven by the expansion of the food and beverage industry, particularly in emerging economies. The increased production of processed and convenience foods and beverages requires food grade gases for various purposes such as freezing, chilling, packaging, and carbonation which is fueling the growth of the market. In line with this, the developments in packaging technology, such as Modified Atmosphere Packaging (MAP) and Controlled Atmosphere Packaging (CAP), which use food grade gases, are enhancing the shelf life and quality of food products. These advancements are encouraging more companies to adopt food grade gases which are propelling the growth of the market. Apart from this, government regulations mandating strict food safety standards which are contributing to the growth of the market. In addition to this, the rise of cold chain logistics for the safe transport of perishable food items is increasing the demand for food grade gases, particularly carbon dioxide and nitrogen, which are used in refrigeration and freezing. In addition to this, the growing consumer preference for packaged food, due to urbanization and changing lifestyle trends, is contributing to market growth. Food grade gases are extensively used in food packaging to maintain the product's quality and prevent spoilage. Moreover, the rising demand for carbonated beverages is creating a positive outlook for the market across the globe.
Who are the Key Players Operating in the Food Grade Gases Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Air Liquide S.A.
- Air Products Inc.
- Air Water Inc.
- Coregas Pty Ltd (Wesfarmers Limited)
- Gulf Cryo
- Linde plc
- Massy Group Inc
- SOL Spa
- Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation)
- The Messer Group GmbH
- Tyczka Polska Sp. z o.o.
What is Included in Market Segmentation?
The report has categorized the market based on type, application and end user.
Breakup by Type:
- Carbon Dioxide
- Nitrogen
- Oxygen
- Others
Based on Application:
- Freezing and Chilling
- Packaging and Carbonation
- Others
Analyzed by End User:
- Beverages
- Meat and Seafood
- Convenience Food Products
- Others
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/