According to a new market report by Lucintel, the future of the food grade industrial gas market looks promising with opportunities in the frozen food, confectionery, meat, fish, seafood, and beverage industries. The global food grade industrial gas market is expected to grow with a CAGR of 7% from 2019 to 2024. The major growth drivers for this market are increasing demand for conveniently packaged foods, carbonated beverages, growing importance of preservative-free food, and increasing application in packaging and storage of food and beverage products.
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Food grade gases are defined as gases which are used in food industries as a processing aid or additive. In this market, carbon dioxide, nitrogen, and oxygen are the major gases used in various applications of food. Nitrogen is the largest segment as it is passed through liquid products particularly cooking oil to reduce dissolved oxygen and achieve good quality and also used in many carbonated soft drinks.
Freezing and chilling, packaging, and carbonation are the major applications of food grade gases market. Freezing and chilling is the largest segment.
Asia Pacific is expected to be the largest market over the forecast period due to higher demand for processed food.
Air Liquide, Air Products & Chemicals, The Linde Group, Airgas, Matheson Tri-Gas, Messer, SOL-SPA, Emirates Industrial Gases, and Gulf CRYO are among the major manufacturers of food grade industrial gases.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global food grade industrial gas market by gas type, application, end use, and region. Lucintel has prepared a comprehensive research report titled "Food Grade Industrial Gas Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global food grade industrial gases market by gas type, application, end-use, and region as follows:
By Gas Type [$M shipment analysis for 2013 – 2024]:
Carbon dioxide
Nitrogen
Oxygen
Other
By Application [$M shipment analysis for 2013 – 2024]:
Freezing and Chilling
Packaging
Carbonation
Other
By End-Use [$M shipment analysis for 2013 – 2024]:
Confectionery
Frozen Products
Beverages
Meat, Fish and Seafood
Others (Oil, Sauces, Dressings and Condiments)
By Region, [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia Pacific
ROW
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/food-grade-industrial-gas-market.aspx or helpdesk@lucintel.com.
About Lucintel
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