Reports and Data's latest report forecasts that the global food-grade gases market will achieve a revenue of USD 11,525.4 Million by 2030, with a compound annual growth rate of 5.8% during the forecast period. The report attributes this growth to the increasing demand for packaging technologies like modified atmospheric packaging and chilling & freezing from the food and beverage industry. Food-grade gases play a vital role in ensuring compliance with food preparation regulations and are utilized as an additive or processing aid during food production. The food and beverage industries widely use food-grade gases for packaging, freezing, and carbonation of bakery, dairy, meat, fruit, and other products. These gases can be used individually or in various combinations, with carbon dioxide, nitrogen, and oxygen being some examples of food-grade gases.
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Top Companies Operating in the Global Food Grade Gases for Oxygen Market Report:
Air Products Inc., Inc, Air Liquide S.A., Messer Group GmbH, Taiyo Nippon Sanso Corporation, Wesfarmers Limited, SOL Group, Gulf Cryo, Air Water, Inc., National Gases Limited, and Les Gaz Industriels Ltd.
Major Driving Factors of Food Grade Gases for Oxygen Market
- Increasing demand for convenience and processed food: The rising consumer preference for convenience and processed food products has led to a surge in the demand for food grade gases. These gases are used for various purposes in the food processing and packaging industry, including modified atmosphere packaging (MAP) and freezing and chilling applications.
- Technological advancements in food processing and packaging: Advancements in food processing and packaging technologies have led to increased adoption of food grade gases. For instance, the use of MAP techniques, which involve the replacement of oxygen with food grade gases, helps in preserving the color, texture, and flavor of packaged food products. Innovations in gas packaging systems and equipment also contribute to the growth of the market.
- Expansion of the food and beverage industry: The overall growth of the food and beverage industry directly impacts the demand for food grade gases. As the industry expands, the need for efficient food processing, preservation, and packaging techniques increases, driving the demand for food grade gases. Factors such as urbanization, changing lifestyles, and increasing disposable incomes contribute to the growth of the food and beverage industry.
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The global Food Grade Gases for Oxygen Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Carbon dioxide (CO2)
- Nitrogen
- Oxygen
- Others
Supply Type Outlook (Revenue, USD Million; 2019-2030)
- Bulk
- Cylinder
Application Outlook (Revenue, USD Million; 2019-2030)
- Freezing & Chilling
- Packaging
- Carbonation
- Others
End-Use Outlook (Revenue, USD Million; 2019-2030)
- Beverages
- Meat, Poultry & Seafood Products
- Dairy & Frozen Products
- Fruits & Vegetables
- Convenience Food Products
- Bakery & Confectionery Products
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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