Overview and Scope
Food-grade gases refer to the gases that are involved in processing aids and/or additives in order to ensure that standards are followed. They contribute to the quality and freshness of food and beverages. They are used in packaging that enhance the shelf life of convenience foods.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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 .
The food grade gases market report table of contents 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. Global Food Grade Gases Market Size and Growth
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31. Global Food Grade Gases Market Competitive Benchmarking
32. Global Food Grade Gases Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food Grade Gases Market
34. Food Grade Gases Market Future Outlook and Potential Analysis
35. Appendix
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