Global Food Grade Industrial Gases Market - 2022-2029

Global Food Grade Industrial Gases Market - 2022-2029

Market Overview

The global food grade industrial gases market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Food grade gases are used as processing aids or additives to meet food-grade standards. Food grade industrial gases play an important role in food packaging and storage. These gases are mainly used for freezing, cooling, crushing, and packaging various bakeries and dairy products, beverages, meat and chicken, fruits and vegetables, and prepared foods. The growing demand for fresh and packaged foods has led to the use of industrial gas in the food and beverage sector.

Market Dynamics:

Increasing application of food grade gas in modified air packaging

The demand for packaged food products is increasing faster, resulting in the use of atmospheric modified packaging by the food industry, which extends the shelf life of products and preserves their organoleptic features. Because MAP is used to increase the shelf life of numerous food products, such as cheese, pasta, meat products, and others, without the use of chemicals, it is utilized in both fresh and organic food packaging. The three major gases used in MAP are oxygen, carbon dioxide, and nitrogen, which has resulted in a global increase in the usage of industrial food gases. As MAP uses preservatives to retain the freshness of packaged food, primarily organic and fresh fruits and vegetables, meat products, and others, the doses used align with the ongoing trend of clean-labeled products across the world.

Furthermore, growing consumer concerns about the contamination and safety of nutritious products has compelled corporations to use food-grade industrial gases in packing and storage. The growing importance of modified atmosphere packaging (MAP) in the food and beverage industry for preventing microbial development is projected to drive market demand during the forecast period.

Market Segmentation:

Carbon dioxide accounted for the highest share in the global food grade industrial gases market

Carbon dioxide is utilized for refrigeration and cooling in both solid (dry ice) and liquid forms. This is due to the fact that it sublimates to gas at -78.5 °C (-109.3 °F). Carbonation is commonly utilized in soft drinks, beers, and other alcoholic beverages. The gas can be used to preserve wine, grape juice, and other juices. Carbon dioxide is beverage-grade and used as a component in beverages. Carbon dioxide is also used for Modified Atmosphere Packaging (MAP); it is injected and frequently removed to eliminate oxygen from the package. Due to the advancement in packaging technologies, the demand for carbon dioxide is projected to remain the highest in the food-grade gases market.

By application, the freezing & chilling segment is projected to account for the largest share in the food-grade gases market. The food industry's major challenges are preventing microbiological degradation and extending product shelf life. Chilling and freezing things is one of the most effective ways to combat harmful microorganisms. The growth of microorganisms decreases dramatically when the temperature falls below the freezing point. Many enzymatic processes are slowed by freezing, making food products more shelf-stable. The possibility of bacterial development is reduced when food is chilled. To keep foods from spoiling, they must be frozen or chilled. The freezing and chilling of foods are essential to prevent spoilage. As manufacturers, consumers, and retailers demand these technologies, the use of food-grade gases is expected to increase.

Geographical Penetration:

North America is the dominating region during the forecast period

Increasing demand from various end-use industries such as processed foods, bakeries, confectionery and breakfast cereals is part of the main factor expected to boost the North American food-grade industrial gas market during the forecast period. Millennials, who represent the region's large demand groups, focus on consuming convenient foods that can be eaten with minimal preparation for busy working hours. This has increased the demand for easily reconstituted packaged foods. In the United States, the trend toward healthy snacks is increasing. There is a great opportunity for food-grade industrial gases in frozen and refrigerated packaged snack products. The demand for ready-to-eat breakfast cereals among Canadian consumers has increased significantly, which is another factor accelerating the market for industrial gas of various food grades. Moreover, the region has the highest per capita consumption of meat products worldwide. Thus, the usage of industrial gases in the meat industry is fueling the market's growth.

Competitive Landscape:

The global food-grade industrial gas market is highly competitive with key players such as Linde PLC and Air Liquide SA hold major share. Mergers, acquisitions, and product innovations are the preferred strategies of companies to strengthen their market advantage. These strategies help companies expand their presence in the global market. For example, Linde PLC has acquired Praxair, one of the largest industrial gas companies in the United States, to take advantage of the American market. Key players are also focused on expanding their network of innovation hubs, enabling them to collaborate and invest with their customers in developing and reforming new products.

COVID-19 Impact:

Negative impact on the global food grade industrial gases market

The rapid spread of COVID-19 has caused significant market ambiguity in food-grade industrial gases worldwide. Despite the closure of important sectors, governments are adopting precautionary measures to prevent the spread of COVID-19 and reduce the danger of infection. As a result of a rapid global shutdown, the demand for food-grade industrial gases has decreased. However, the global trade disruption created by the COVID-19 pandemic has had a severe impact on food-grade industrial gases, particularly in Germany, the United Kingdom, France, China, and India. These countries have a substantial market share and a lot of significant market players, limiting the market for food-grade industrial gases. The pandemic had a significant impact on the food manufacturing and distribution industries. Many food processing enterprises have been shut down due to severe lockdowns and social distancing measures that affect the global food grade industrial gases market.

Why Purchase the Report?

Understand the current market scenario and viability of global food grade industrial gases market over the forecast period.

Visualize the composition of the global food grade industrial gases market terms of type, application and end-use to identify major players, growth potential, and market strategies.

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period.

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global food grade industrial gases market.

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global food grade industrial gases market report would provide an access to approximately 61 market data tables, 57 figures and 190 pages

Target Audience:

Food & Beverages Manufacturers

Import and Export Companies

Industry Investors

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Research Professionals