Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.04 Billion | USD 14.53 Billion | 6.8% | 2023 |
According to a report from Zion Market Research, the global Food Grade Industrial Gases Market was valued at USD 8.04 Billion in 2023 and is projected to hit USD 14.53 Billion by 2032, with a compound annual growth rate (CAGR) of 6.8% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Food Grade Industrial Gases industry over the next decade.
Industrial gases are used in a number of industrial applications. These uses include oil and gas, petrochemical, mining, food, chemical, water and so on. Food grade gases, however, may be used as an additive or as a manufacturing aid in the food industry. Normally, carbon dioxide, nitrogen and oxygen are found in the food industry. Consumers' appetite for fresh food has shifted so as to adopt a pure diet regardless of place and season is a crucial factor in raising demand for these gases. In addition, consumption of processed foods such as fresh fruit & vegetables, carbonated drinks, bakery & confectionery products, dairy & frozen products, fish & seafood, and meat is growing.
Growth in demand for these gases on the market is due to the recent developments in freezing and cooling, packaging technology, which are also projected to fuel the growth of the global food grade industrial market in the immediate future. Consumer demand for fresh vegetables and fruit is projected to fuel the global food grade industrial gas industry over the year.
Food quality industrial gases are commonly used in a number of uses, such as shelf life, freezing and cooling, preservation and carbonation, and packaging of assorted beverages. Rising health issues are the key driving force behind the global food grade industrial gas industry. Customers need fresh food goods, without artificial treatments, with limited or less refined preservatives; this in fact, promotes global demand development.
The study provides a decisive view of the food grade industrial gases market by segmenting the market by types, by product type, by applications and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on types as oxygen, nitrogen, carbon dioxide, and others. Of this, nitrogen is the dominating type segment in the global market, as it is used in many carbonated soft drinks.
Based on product type, the global food grade industrial gases market is bifurcated as beverages, fish & seafood, dairy & frozen products, bakery & confectionery, fruits & vegetables, meat, and others.
On the basis of applications as packaging, freezing & chilling, carbonation, and others.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Food Grade Industrial Gases Market |
Market Size in 2023 | USD 8.04 Billion |
Market Forecast in 2032 | USD 14.53 Billion |
Growth Rate | CAGR of 6.8% |
Number of Pages | 110 |
Key Companies Covered | Emirates Industrial Gases, Air Gas, Messer Group, The Linde Group, and Air Liquide S.A. Other players operating in the global market are Sol-SPA, Air Products Praxair, Matheson Tri-Gas Inc., Gulf Cryo, and Parker among others |
Segments Covered | By Types, By Product Type, By Applications And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounted for the highest market in the global food grade industrial gas market due to higher demand for packaged food. Europe is developing as the second largest food grade industrial gas sector. However it is known to be developed markets. Asia Pacific is rising faster in order to capture a big market in this area. In addition new growth prospects for food grade industrial gases have been opened up. In addition, the rising consumption of food goods and the advent of modern technical developments also have a positive effect on the global economy. China is expected to become a major food grade industrial gas sector in the future.
Some main participants of the food grade industrial gases market are-
Other players operating in the global market are-
Global Food Grade Industrial Gases Market: Types Analysis
Global Food Grade Industrial Gases Market: Product Type Analysis
Global Food Grade Industrial Gases Market: Applications Analysis
FrequentlyAsked Questions
Growth in the demand of these gases in the market is owing to latest advancement in freezing and chilling, packaging technologies, which is also expected to foster the global food grade industrial market growth in the near future.
The global Food Grade Industrial Gases Market was valued at USD 8.04 Billion in 2023 and is projected to hit USD 14.53 Billion by 2032, with a compound annual growth rate (CAGR) of 6.8% during the forecast period 2024-2032.
North America accounted for the largest market in the global food grade industrial gases market owing to higher demand for processed food.
Some main participants of the food grade industrial gases market are Emirates Industrial Gases, Air Gas, Messer Group, The Linde Group, and Air Liquide S.A. Other players operating in the global market are Sol-SPA, Air Products Praxair, Matheson Tri-Gas Inc., Gulf Cryo, and Parker among others.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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