The food grade gases global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food Grade Gases Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food grade gases market size has grown strongly in recent years. It will grow from $7.92 billion in 2023 to $8.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to environmental concerns and sustainability, globalization of food trade, demand for ready-to-eat foods, modified atmosphere packaging (map) adoption..
The food grade gases market size is expected to see strong growth in the next few years. It will grow to $10.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing demand for packaged foods, growth in convenience food segment, focus on food safety and quality, expansion in beverage industry, globalization and international trade.. Major trends in the forecast period include sustainable and eco-friendly practices, regulatory compliance, modified atmospheric storage (mas), freezing and cooling applications, carbonation in beverages, quality and safety assurance..
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Scope Of Food Grade Gases Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Grade Gases Market Overview
Market Drivers –
The increasing consumer demand for frozen and chilled food products is expected to propel the food grade gases market going forward. Frozen and chilled food products refer to food products preserved by rapid freezing and stored in the freezer until used. Food grade gases are used in the packaging of frozen and chilled foods to prevent them from spoiling and ensure they stay fresh for the customers, thus an increase in demand for frozen and chilled foods will help to propel market growth. For instance, according to the 2022 State of the Industry Report, published by the Association for Talent Development, a US-based non-profit association, the demand for frozen and chilled food products has increased significantly as a result of a variety of circumstances. Frozen food sales in the United States will surpass $72 billion in 2022. Therefore, the increasing consumer demand for frozen and chilled food products is driving the food grade gases market.
Market Trends –
Major companies operating in the food grade gases market are focusing on developing product innovations such as gas infusion system. A gas infusion system is a process that involves dissolving and distributing a gas into a liquid or solution. For instance, in November 2023, the Xylem, a US-based water technology company, launched Flojet N-Fuser, a new gas infusion system. The Flojet N-Fuser offers a one-of-a-kind, very compact system that can be easily modified based on consumer demand, is simple to install, does not require a particular valve to set up the infusion level, and is simple to use, clean, and maintain. The Flojet N-Fuser is designed for CO2 and nitrogen infusion, allowing operators to achieve varying levels of carbonation or nitro-foam with a variety of liquids, including dairy.
The food grade gases market covered in this report is segmented –
1) By Type: Carbon Di Oxide, Nitrogen, Oxygen, Sulfur Dioxide, Other Types
2) By Application: Freezing and Chilling, Packaging, Carbonation, Other Applications
3) By End Use: Dairy and Frozen, Fish and Sea Food, Meat, Beverages, Fruit and Vegetables, Bakery and Confectionery, Other End-Users
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Regional Insights –
North America was the largest region in the food grade gases market share in 2023. The regions covered in the food grade gases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the food grade gases market report are Linde Group & Praxair Inc., Air Products & Chemicals Inc., Air Liquide SA, The Messer Group GmbH, Taiyo Nippon Sanso Corporation, Coregas Pty Ltd., PT Aneka Gas Industri TBK, Massy Group Inc., Air Water Inc., Sol Group S.p.A., Gulf Cryo Holding W.L.L., National Gases Limited, Gruppo SIAD S.p.A., Les Gaz Industriels Ltd., Aditya Air Products Pvt. Ltd., Sidewinder Dry Ice & Gas LLC, Axcel Gases, Chengdu Taiyu Industrial Gases Co. Ltd., Yingde Gas Group Ltd., Siddhi Vinayak Industrial Gases Pvt. Ltd., American Welding & Gas Inc., Airgas USA LLC, Cryogenic Gases LLC, Ellenbarrie Industrial Gases Ltd., Iwatani Corporation, Matheson Tri-Gas Inc., Nippon Gases Europe S.A., The Southern Gas Limited, Yara International ASA .
Table of Contents
1. Executive Summary
2. Food Grade Gases Market Report Structure
3. Food Grade Gases Market Trends And Strategies
4. Food Grade Gases Market – Macro Economic Scenario
5. Food Grade Gases Market Size And Growth
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27. Food Grade Gases Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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