Growth & Developments in Global Food Grade Industrial Gases Market , Forecast to 2024
Global Food Grade Industrial Gases Market: Overview
Industrial gases are used in the varied industrial applications. These applications include oil and gases, petrochemical, mining industries, food, chemical, water and so on. However, food grade gases as an additive or processing aid can be used in the food industries. Normally, carbon dioxide, nitrogen, and oxygen are used in the food industries. Consumers demand has changed for fresh food so as to follow a diet in the pure form regardless of location and season is the major factor boosting the demand for these gases. Moreover, there is an increase in the consumption of packaged foods such as fresh fruits & vegetables, carbonated beverages, bakery & confectionery products, dairy & frozen products, fish & seafood, and meat.
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Global Food Grade Industrial Gases Market: Growth Factors
Growth in the demand of these gases in the market is owing to latest advancement in freezing and chilling, packaging technologies, which is also expected to foster the global food grade industrial market growth in the near future. Consumer demand for fresh vegetables and foods throughout the year is anticipated to fuel the global market for food grade industrial gases. Food grade industrial gases are extensively used in the various applications such as shelf life extension, freezing and chilling, preservation and carbonation, and packaging of various drinks. Increasing health concerns is the major driving factor of the global food grade industrial gases market. Customers need food products in the natural form, without chemical treatments, with minimal preservatives, or less processed; this, in turn, propels the global market growth.
Global Food Grade Industrial Gases Market: Segmentation
The global food grade industrial gases market is classified based on types as oxygen, nitrogen, carbon dioxide, and others. Of this, nitrogen is the dominating type segment in the global market, as it is used in many carbonated soft drinks. Based on product type, the global food grade industrial gases market is bifurcated as beverages, fish & seafood, dairy & frozen products, bakery & confectionery, fruits & vegetables, meat, and others. Moreover, the global market is fragmented on the basis of applications as packaging, freezing & chilling, carbonation, and others.
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Global Food Grade Industrial Gases Market: Regional Analysis
North America accounted for the largest market in the global food grade industrial gases market owing to higher demand for processed food. Europe is emerging as the second largest market for food grade industrial gases. However, it is considered as established markets. Asia Pacific is growing at a faster rate to grab major market in this region. In addition, it has opened up new growth opportunities for food grade industrial gases. Moreover, increasing consumption of food products and the emergence of new technological advancement also positively impacts the global market. China is expected to come up as a major market for food grade industrial gases in future.
Global Food Grade Industrial Gases Market: Competitive Players
Key players in the global food grade industrial gases market are Emirates Industrial Gases, Air Gas, Messer Group, The Linde Group, and Air Liquide S.A. Other players operating in the global market are Sol-SPA, Air Products Praxair, Matheson Tri-Gas Inc., Gulf Cryo, and Parker.
Global Food Grade Industrial Gases Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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