North America holds the dominant share in the Global Food Grade Industrial Gases Market

Market overview:

The global food grade industrial gases market was estimated at $ 5.9 billion in 2020 and is expected to reach $ 8.1 billion by 2025, with an annual compound rate of 6.7% from 2025 to 2025. Industrial gases are used in a variety of industrial applications, such as oil and gas, petrochemicals, mining, food, chemicals and water. However, food-grade gases can be used in the food industry as an additive or processing aid. In general, carbon dioxide, nitrogen and oxygen are used in the food industry. Consumers, regardless of location and season, have changed the demand for fresh foods to follow a diet in its pure form, which is the main factor in increasing the need for this gas. In addition, the consumption of packaged foods such as fresh fruits and vegetables, soft drinks, bakery and confectionery products, dairy and frozen products, fish and shellfish, and meat is increasing, supporting the market growth.

Recent developments:

• Praxair Inc. acquired the industrial gas business of the Linde Group in Mexico, increasing its presence in the food-grade industrial gas market in Latin America.
• Messer has established a food-grade carbon dioxide gas manufacturing plant in Binh Phuoc, Vietnam.

Market Drivers and Restraints:

The increase in demand for these gases in the end-user applications is anticipated to accelerate the growth of the global food grade industrial gases market in the near future due to the latest developments in refrigeration and packaging technologies. Consumers' demand for fresh food and vegetables throughout the year is expected to feed the food-grade industrial gas market. Industrial food grade gases are widely used in a variety of applications, such as prolonged shelf life, freezing and refrigeration, preservation and carbonation, and various beverage containers. Health is one of the main drivers of the world market for food-grade industrial gases. Clients need natural forms of food with little or no preservative, without chemical treatment. This promotes the growth of the global market. The food-grade industrial gas market requires a substantial capital investment to establish plants and infrastructure. This is evident in the overall balance of the existing actors, where the plant and equipment sectors represent around 40%-45% of the total balance. Therefore, high capital investment requirements for the installation of food-grade industrial gas plants will limit the market during the forecast period.

Report Segmented as:

The global food grade industrial gas market is classified by type as oxygen, nitrogen, carbon dioxide, etc. Of these, nitrogen is used in many soft drinks, making it the dominant type segment in the world market.

By type of product, the global market for food-grade industrial gas is divided into beverages, fish and shellfish, dairy and frozen products, bakery and confectionery, fruits and vegetables, meat and others. Also, the global market is segmented based on applications as packaging, refrigeration and refrigeration, carbonic acid, etc.

Geographical Segmentation:

North America occupies the largest share in the world market for food-grade industrial gas due to the increased demand for processed foods. Europe is emerging as the second-largest market for food-grade industrial gas. However, Asia-Pacific is growing at a faster rate to occupy the leading portion in the coming years. It also opened new growth opportunities for industrial food-grade gases. Besides, the increase in food consumption and the emergence of new technological developments have a positive effect on the world market. China is expected to emerge as a crucial market for food-grade industrial gases in the future.

Key market players:

The main players in the world market for food grade industrial gas are Air Gas, Gulf Cryo, Linde Group, Sol-SPA, Matheson Tri-Gas Inc., Emirates Industrial Gases, Air Products Praxair, Messer Group, Air Liquide SA and Parker.

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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