Dublin, Oct. 13, 2022 (GLOBE NEWSWIRE) -- The "Food Grade Gases Market, By Product Type, By Supply Type, By Application, By End-Use, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global food-grade gases market size is expected to reach USD 11,525.4 Million in 2030 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report. The growing demand for frozen and packaged food, ready-to-eat foods, and other processed food items is driving the growth of the market. The report further mentions that the stringent regulations regarding food safety are also fuelling the market growth.
The rising awareness about the benefits of food-grade gases is also fuelling the market growth. Food-grade gases are used in a variety of applications such as freezing, packaging, and storing food items. They help to preserve the freshness and quality of food items for a longer period of time. Additionally, they also help to extend the shelf life of food items.
The demand for carbon dioxide, nitrogen, and oxygen in the food & beverage sector is anticipated to grow owing to their wide range of applications in various processes, such as freezing, chilling, carbonation, modified atmosphere packaging (MAP), and ripening.
Rise in demand for packaging technologies from the food & beverage industry is projected to boost the market growth during the forecast period. The need for longer shelf life of food products has been one of the key drivers for the market. Carbon dioxide and nitrogen are used as packaging gases to control the environment inside a package and slow down the deterioration process by inhibiting microbial growth.
Some Key Highlights From the Report
- Carbon dioxide (CO2) segment is expected to register a considerable revenue growth rate during the forecast period due to its increasing applications in the food & beverage industry. This gas is used as a firming agent, pH control agent, and packaging gas in the food & beverage industry. Carbon dioxide is also used as an inert atmosphere for storing dry foods such as cereals, nuts, and seeds.
- Bulk segment is expected to account for largest revenue share in the food-grade gases market over the forecast period due to the increasing demand for bulk gas storage tanks from end-use industries. This is attributed to the need for large quantities of food-grade gases in industries such as food & beverage and pharmaceuticals.
- Freezing & chilling segment is expected to register a significant revenue growth rate during the forecast period due to the increasing demand for freezing & chilling gases from end-use industries. This is attributed to the growing demand for frozen food products, such as ice cream, meat, and seafood.
- The Asia Pacific region is expected to be the largest market for food-grade gases, owing to the growing population and the rapidly expanding food processing industry in the region. The rising disposable incomes and the changing lifestyle of people are also fuelling the demand for processed and packaged food items in the region. Additionally, the region is also home to some of the leading food processing companies, which are investing heavily in the expansion of their operations.
For the purpose of this report, the author has segmented global food-grade gases market based on product type, supply type, application, end-use, and region:
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
Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
Key Topics Covered:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Food-Grade Gases Market Segmentation & Impact Analysis
Chapter 5. Food-Grade Gases Market By Product Type Insights & Trends
Chapter 6. Food-Grade Gases Market By Supply Type Insights & Trends
Chapter 7. Food-Grade Gases Market By Application Insights & Trends
Chapter 8. Food-Grade Gases Market By End-Use Insights & Trends
Chapter 9. Food-Grade Gases Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- Air Products and Chemicals Inc
- Air Liquide S.A.
- Messer Group GmbH
- Taiyo Nippon Sanso Corporation
- Wesfarmers Limited
- SOL Group
- Gulf Cryo
- Air Water Inc.
- National Gases Limited
- Les Gaz Industriels Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/iy3n8e
