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Wednesday, October 27, 2021

Global Food-Grade Industrial Gases Market to be Driven by Continuing Demand for Commodity Food and Beverage Goods in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled,‘ Global Food-Grade Industrial Gases Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of global food-grade industrial gases market, assessing the market based on type, applications, end-uses, mode of supply and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 6.2 Billion
• Forecast CAGR (2021-2026): 6%
• Forecast Market Size (2026): USD 8.6 Billion

Consumers' growing concerns about food safety have forced corporations to use food grade industrial gases in packing and storage. The food & beverage industry's increased reliance on MAP for microbial growth control is projected to drive market demand in the near future.

Industry Definition and Major Segments

Food-grade industrial gases are described as gases that are utilized as a processing aid or additive in order to ensure compliance with regulatory standards in the food processing industry. These gases are either utilized alone or in a variety of combinations.

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The industry can be divided based on types as:

• Carbon Dioxide
• Others

The industry can be divided based on applications as:

• Freezing and Chilling
• Carbonation
• Others

The industry can be broadly categorised based on its end-uses into:

• Beverages
• Meat, Poultry, and Seafood Products
• Dairy and Frozen Products
• Fruits and Vegetables
• Convenience Food Products
• Bakery and Confectionery Products
• Others

The industry can be divided based on the mode of supply as:

• Bulk
• Cylinder

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Trends

Carbon dioxide is commonly used to carbonate soft drinks and beer. It can preserve wine, grape juice, and other juices. Carbon dioxide is also used in MAP to remove oxygen from the package. Carbon dioxide is expected to remain the most in demand food-grade gas due to advances in packaging technology.

Increasing demand from end-use industries such as processed foods, bakery and confectionery, and breakfast cereals is projected to drive the North American food-grade industrial gases market during the forecast period. Healthy snacking is becoming more popular in the US, which means more opportunities for industrial food-grade gases in frozen and chilled snack foods. Also, the region boasts the world's greatest per capita meat intake. Thus, the use of industrial gases in the meat sector is fuelling market expansion.

Key Market Players

The major players in the market are The Linde Group, Air Products & Chemicals, Inc. (NYSE: APD), Air Liquide, The Messer Group GmbH, Taiyo Nippon Sanso, SOL Group and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

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Contact Person: Mathew Williams, Business Consultant
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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