The Food Grade Gases Global Market Report 2023, provides comprehensive information on the food grade gases market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As delineated in The Business Research Company’s insightful report, “Food Grade Gases Global Market Report 2023,” the panorama of the global food grade gases market is poised for significant transformation. Commencing from its valuation of $7.53 billion in 2022, the market is slated to undergo a robust expansion, culminating in a projected figure of $7.97 billion by the year 2023, boasting an impressive Compound Annual Growth Rate (CAGR) of 5.8%. Nevertheless, it is imperative to acknowledge the overarching impact of the Russia-Ukraine conflict, which has cast a palpable shadow on the prospects of a global economic resurgence in the aftermath of the COVID-19 pandemic, particularly in the short term.
This geopolitical turmoil has precipitated far-reaching economic sanctions affecting a multitude of nations, a notable upswing in commodity prices, and a disconcerting disruption in global supply chains. These developments have collectively engendered inflationary pressures across the spectrum of goods and services, thereby exerting a pervasive influence on numerous markets worldwide. Despite these challenges, the food grade gases market is anticipated to further ascend, charting a trajectory that is poised to reach $9.98 billion by 2027, a growth projection underpinned by a CAGR of 5.8%. This trajectory underscores the market’s enduring resilience and its potential to flourish even amidst the complexities of our global landscape.
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The food grade gases market is poised for remarkable growth, owing to the anticipated surge in meat and seafood production. Meat, denoting animal flesh consumed as a primary source of nourishment, and seafood products, encompassing a vast array of marine life, boast a rich nutrient profile that provides an ideal breeding ground for microorganisms. Consequently, ensuring the preservation and safety of these perishable edibles becomes paramount. Food-grade gases emerge as a pivotal solution, primarily harnessed in the packaging of meat and seafood products to extend their shelf life and maintain their pristine quality.
In a notable illustration, a report from the OECD iLibrary in July 2020, based on the OECD-FAO Agricultural Outlook 2022–2031, projected a substantial upsurge in global fish production. It is anticipated to escalate by a staggering 25 megatons (MT) or 14% from the baseline period to reach 200 MT by 2029 (averaging data from 2017–19). Furthermore, this expansion is expected to result in an augmented utilization of fish waste, with the percentage of total fish oil derived from such waste projected to rise from 41% to 45% by 2029. Additionally, the proportion of fishmeal in the global fisheries market is forecasted to ascend from 24% to 28%.
This surge in the production of meat and seafood products is set to be a driving force in the food grade gases market, as the demand for enhanced preservation and shelf life of these perishable goods escalates. The synergy between food grade gases and the meat and seafood industries underscores the critical role of these gases in ensuring food safety and quality in an ever-evolving global food landscape.
The food grade gases market is segmented:
1) Food Grade Gases Market By Type: Carbon Di Oxide, Nitrogen, Oxygen, Sulfur Dioxide, Other Types
2) Food Grade Gases Market By Application: Freezing and Chilling, Packaging, Carbonation, Other Applications
3) Food Grade Gases Market By End Use: Dairy and Frozen, Fish and Sea Food, Meat, Beverages, Fruit and Vegetables, Bakery and Confectionery, Other End-Users
Top Major Players
Taiyo Nippon Sanso Corporation
North America was the largest region in the food grade gases market in 2022.
The table of contents in TBRC’s food grade gases market report includes:
1. Executive Summary
2. Food Grade Gases Market Characteristics
3. Food Grade Gases Market Trends And Strategies
4. Food Grade Gases Market – Macro Economic Scenario
5. Food Grade Gases Market Size And Growth
…….
26. Africa Food Grade Gases Market
27. Food Grade Gases Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Grade Gases Market
29. Food Grade Gases Market Future Outlook and Potential Analysis
30. Appendix
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List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Food Grade Gases Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Food Grade Gases Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Food Grade Gases Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
……
Table 46: Linde Group & Praxair Inc. Financial Performance
Table 47: Air Products & Chemicals Inc. Financial Performance
Table 48: Air Liquide SA Financial Performance
Table 49: The Messer Group GmbH Financial Performance
Table 50: Taiyo Nippon Sanso Corporation Financial Performance
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