Global Food-Grade Industrial Gases Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Carbon dioxide, Nitrogen , Oxygen and Others.

By Application;

Beverages, Meat, Fish & Seafood, Dairy & Frozen products, Fruits & Vegetables, Convenience foods.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn847721469 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Food-Grade Industrial Gases Market (USD Million), 2020 - 2030

In the year 2023, the Global Food-Grade Industrial Gases Market was valued at USD 6,751.16 million. The size of this market is expected to increase to USD 10,560.36 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.

The Global Food Grade Industrial Gases Market is poised for growth driven by their increasing utilization in packaging and storing various food products like frozen items, fruits, vegetables, beverages, meats, seafood, convenience foods, bakery, and confectioneries. Heightened consumer concerns about food safety and contamination have spurred companies to adopt food-grade industrial gases for packaging and storage applications. The rising significance of Modified Atmosphere Packaging (MAP) in controlling microbial growth in the food and beverage sector is anticipated to drive market demand. Furthermore, the adoption of NSF H1 standards in the food and beverage industry is expected to contribute to the growing demand for food-grade industrial gases, while the need to preserve aroma, texture, and extend shelf life is also anticipated to positively impact the market.

Policies framed by entities like the European Commission and the U.S. EPA aimed at reducing the use of fluorochemical gases, such as HFC, in food and beverage packaging due to concerns about greenhouse gas emissions, are likely to prompt the substitution of food-grade industrial gases for these gases in the nutrition industry. The application of vacuum pumps to remove moisture and oxygen in food and beverage packaging may have a negative impact on the market in the forecast period. Nitrogen, a prominent food-grade industrial gas, finds diverse applications, including reducing dissolved oxygen in liquid products like cooking oil, acting as a propellant in aerosol-dispensed food products, and creating microbubbles in desserts to enhance texture and fluffiness, thus contributing to the market's growth.

Asia Pacific is anticipated to emerge as a significant market for food-grade industrial gases, driven by the expanding food and beverage industry in countries like India and China, fueled by technological advancements in processing and increasing domestic consumption. Similarly, Europe's emphasis on hygiene and adherence to phytosanitary regulatory norms in the food and beverage sector is expected to boost market growth. In the U.S., a robust manufacturing base in the food and beverage industry, coupled with regulatory measures by the EPA aimed at enhancing safety in food packaging, is likely to further augment market growth. Additionally, the growth of the food and beverage industry in Saudi Arabia, driven by rising domestic consumption and the implementation of halal standards, is expected to contribute favorably to market expansion. Major manufacturers in the market include Praxair, Linde Group, Proton Gases, AHG Co. Ltd., and Air Liquide, among others, who are focusing on strategies like mergers, acquisitions, and establishing manufacturing facilities to capitalize on the growing market demand.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Food-Grade Industrial Gases Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Convenience Foods
        2. Emphasis on Food Safety and Contamination Control
        3. Regulatory Standards and Compliance
        4. Substitution of Fluorochemical Gases
      2. Restraints
        1. Regulatory Compliance Challenges
        2. Volatility in Raw Material Prices
        3. Technological Limitations and Infrastructure Constraints
        4. Environmental Concerns and Sustainability Challenges
      3. Opportunities
        1. Growing Demand for Convenience Foods
        2. Expanding Applications in Food Packaging
        3. Stringent Regulatory Standards
        4. Emerging Markets and Technological Advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Food-Grade Industrial Gases Market, By Product, 2020 - 2030 (USD Million)
      1. Carbon dioxide
      2. Nitrogen
      3. Oxygen
      4. Others
    2. Global Food-Grade Industrial Gases Market, By Product, 2020 - 2030 (USD Million)
      1. Beverages
      2. Meat
      3. Fish & Seafood
      4. Dairy & Frozen products
      5. Fruits & Vegetables
      6. Convenience foods
    3. Global Food-Grade Industrial Gases Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Praxair
      2. Linde Group
      3. Proton Gases
      4. AHG Co. Ltd.
      5. Universal Industrial Gases, Inc.
      6. Air Liquide
      7. Taiyo Nippon Sanso
      8. Air Gas
      9. Emirates Industrial Gases Co., LLC
      10. Messer
  7. Analyst Views
  8. Future Outlook of the Market

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