DUBLIN--(BUSINESS WIRE)--The "Food Grade Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global food grade gases market reached a value of US$ 7.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 10.4 Billion by 2027, exhibiting a CAGR of 5.6% during 2021-2027.
Companies Mentioned
- Air Liquide S.A.
- Air Products Inc.
- Air Water Inc.
- Coregas Pty Ltd (Wesfarmers Limited)
- Gulf Cryo
- Linde plc
- Massy Group Inc
- SOL Spa
- Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation)
- The Messer Group GmbH
- Tyczka Polska Sp. z o.o.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Food grade gases are specialized gases used for packaging, preservation, freezing, and carbonation of food products. Some of the commonly used food grade gases include argon, hydrogen, carbon dioxide, nitrogen and oxygen. They are used for the preparation of food and beverages, such as bakery, dairy and meat products, fruits, vegetables, oil, sauces, dressings, condiments and carbonated drinks.
They are utilized as an additive or processing aid during food preparation. These gases are passed through food products to reduce moisture and oxygen content and optimize them for preparation or storage. They are also used as propellants in aerosol dispensed food products, such as creams and cheeses, and to create microbubbles in desserts for improving texture and fluffiness.
Significant growth in the food and beverage industry is one of the key factors creating a positive outlook for the market. There is a rising demand for premium-quality meat and seafood products among health-conscious consumers, which is increasing the requirement for food grade gases.
Moreover, the widespread adoption of modified air packaging (MAP) solutions is providing a thrust to the market growth. Food grade gases are used to retain the freshness of packaged food, especially organic fruits and vegetables and meat products, and enhancing the shelf-life of cheeses and pasta without using synthetic chemicals.
In line with this, the increasing product utilization in hotels, cafes, quick serving restaurants (QSRs) and microbreweries are also contributing to the growth of the market. Other factors, including rising expenditure capacities of the consumers, along with the escalating consumption of packaged food products among the masses, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global food grade gases market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end user.
Breakup by Type:
- Carbon Dioxide
- Nitrogen
- Oxygen
- Others
Breakup by Application:
- Freezing and Chilling
- Packaging and Carbonation
- Others
Breakup by End User:
- Beverages
- Meat and Seafood
- Convenience Food Products
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global food grade gases market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global food grade gases market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global food grade gases market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/9q8qox
