Global Food Grade Gases Market to Surpass US$ 9.19 Bn by 2029
The global food-grade gases market is projected to reach US$ 9.19 Bn by the end of 2029. The market was valued at US$ 5.3 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 5.6% between 2019 and 2029. Asia Pacific is expected to be one of the largest markets over the forecast period. Expansion of the food & beverage industry in India and China on account of technological advancements introduced in processing and rising consumption at domestic level are expected to fuel food grade industrial gases demand in the coming years.
Key Research Findings
- Increasing health consciousness is a major driver for usage of gases, as consumers want food products to be with low or no preservatives, without chemical treatments, and less processed, and natural.
- Demand for food grade gases is sustained on the back of continuous advances in packaging, chilling, and freezing technologies.
- Expansion of the beverages sector and rapidly thriving trend of microbreweries continue to push sales of food grade gases in global market.
- North America accounts for a third of total demand for food grade gases.
- Developing economies in Asia Pacific provide promise a wealth of opportunities for food grade gases manufacturers.
- Food manufacturers and distributors are forced to use food grade gases to fulfil consumer’s demands of safe food right from manufacturing stage to consumption stage.
Key Factors Shaping Food Grade Gases Market
Tech-driven Advancements Favor Revenue Generation
Enhanced purity levels, coupled with consistency by leveraging industrial automation has enhanced the production capacity of manufacturers. Increasing adoption of food grade gases to cater the demand for convenience food & beverage products will continue to offer remunerative opportunities for market players. For instance, on-site nitrogen through pressure swing absorption or a preamble plant has been gaining traction from wine, and beer producers. Investment in research and development of new extraction methods from organic sources is a popular trend among market players.
Increasing Product Shelf-life Augurs Well for Adoption
Food & beverage companies worldwide are on the hunt for food grade gas manufacturers that can keep up with the multiplying demand for enhanced product shelf-life. This can be attributed to the surge in demand for convenience food products. Hectic work life and increased disposable income of consumers is a central drive of growth for food grade gas manufacturers. As consumers buy more and more processed food products, the need for food grade gases that keep them fresh is bound to increase as the demand from the food & beverage value chain ripple down to manufacturers.
COVID-19 Impact Analysis
As COVID-19 spreads around the world, the economic consequences of rules enforcing social-distancing to contain the virus will have a profound impact on the market. Along with this, plummeting consumer and business trust continues to pose a sharp blow to industry’s expectations in near term. In addition to the rapidly increasing human toll of the epidemic, we are heading towards a time of unprecedented decline in economic activity, subsequently prices of financial assets. Rapid and unprecedented policy responses to both counter and mitigate these declines are necessary for companies to ascertain sustainable growth amidst these difficult times. Furthermore, consumers have become more concerned about the food they eat during these trying times. Their inclination towards healthy eating and living will enable the market regain its momentum in the near future.
Food Grade Gases Market Structure Analysis
- 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.
- Companies are increasingly investing in packaging technology free of synthetic preservatives by replacing them with food-grade industrial gases.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Value (USD) Bn
Product Type, Application, End Use and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
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
Revenue forecast, company share, competitive landscape, growth factors, and trends
Diverse Applications of Food Grade Gases will Boost Growth
Following coronavirus outbreak, companies operating in the food grade gases market are under pressure to deliver products to market in time. Even before this, market players had started investing high technologies of food preservation to ensure longer shelf-life in products. Such strategies taken towards improving overall production will aid the expansion of the food grade gases market. According to studies, the market will continue witnessing steady demand on account diverse applications of food grade gases. These include, freezing and chilling, packaging, carbonations, and others.
Strict Government Regulations to Meet Quality Standards is Restraining Growth of the Market
Legislations have been sanctioned in most countries in North America and Europe to protect food products from spoilage and contamination due to inferior manufacturing and refrigerated storage processes. Therefore, each country has appointed agencies to inspect consumer health issues and also inspect the type of material and processes used to deem whether they are considered safe for food & beverage operations. In the US, this is done by the FDA and in Canada, by the Food Inspection Agency. Regulations for food-grade gases are not uniform, even between countries in close proximity such as the US and Canada.
Therefore, the Compressed Gas Association has created the standards document: CGA M-10 (2012) Food Safety Management Systems and Good Manufacturing Practices for food gas manufacturers. The document is to be used in combination with the federal, state, and provincial legal standards concerning food gas implementation. Also, the increasing prices of raw materials required for the manufacturing these chemicals are hampering the growth of the market.
* This data is only a representation. Actual data may vary and will be available in report.
Shift Towards Convenient Rising Demand for Packaged Food Owing to on-the-go Lifestyles is Driving Market Growth
Food-grade gases such as carbon dioxide (CO2), nitrogen (N), and oxygen (O) are majorly used in the packaging of convenience food to enhance the shelf life of fresh food products. Consumers are increasingly focusing on their diet and health, which is likely to bode well for the overall market. The increasing health concerns among consumers, especially in North America and Europe, have led to a shift toward the consumption of safer, healthier, and higher-quality food products.
Owing to the rising concerns about food safety amongst consumers, manufacturers are compelled to focus on on various advanced packaging technologies such as oxygen scavenger, modified atmosphere packaging (MAP), controlled atmosphere packaging (CAP), and active packaging. These technologies help in maintaining the levels of gases such as oxygen and nitrogen inside the packaging and prevent the oxidation of food products and reduce the need for additives while maintaining product quality. Furthermore, the global food-grade gases market is majorly driven by the increasing demand for packaged food. The increase in utilization of these packaging technologies in the food packaging industry will lead to the growth of the food-grade gases market.
Carbon dioxide segment held the leading market share
Nitrogen segment forecast to higher rate of growth
Freezing and chilling segment holds dominance
Packaging segment to rise at a higher CAGR
Dairy & Frozen products segment holds dominance
Beverages segment to rise at a higher CAGR
How Growth will Unfold
The paradigm shift in customer preference in favour of packed food is the dominant factor bolstering growth the market. Furthermore, the growing demand for packaging technologies such as modified atmospheric packaging, chilling and freezing are increasingly being adopted by food & beverage manufacturers is also projected to influence the food grade gases market significantly.
Emerging microbreweries, fuelled by advancement in the food and beverage industry, are expected to capitalize on untapped opportunity in the food grade gases market. 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.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Food Grade Gases Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Food Grade Gases Market offers global industry analysis for 2015-2019& opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Food Grade Gases Market, the growth prospects of the market are obtained with maximum precision.
Food Grade Gases Market Taxonomy
The global Food Grade Gases Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Carbon dioxide
- Dairy and frozen products
- Fruits & vegetables
- Fish & seafood
- Bakery and confectionery
- Freezing and chilling
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Food Grade Gases Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Food Grade Gases Market.
Readers can find the detailed segmentation and definition of the Food Grade Gases Market in this chapter, which will help them understand basic information about the Food Grade Gases Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Food Grade Gases Market report.
The associated industry assessment of the Food Grade Gases Market is carried out in this section. The macroeconomic factors affecting growth of the Food Grade Gases Market are provided in this section and the impact of these macroeconomic indicators on the Food Grade Gases Market is analyzed. The processing overview and technological advancements in the Food Grade Gases Market is also provided.
Profit margins at each level of the Food Grade Gases Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Food Grade Gases Market.
The drivers and restraints impacting the growth of the Food Grade Gases Market are explained in this chapter. Opportunities and ongoing trends in the Food Grade Gases Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Food Grade Gases Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Gas type, the Food Grade Gases Market is segmented into Nitrogen, Carbon dioxide, Oxygen, and Others. In this chapter, readers can find information about key trends and developments in the Food Grade Gases Market and market attractiveness analysis based on raw material.
Based on Product type, the Food Grade Gases Market is classified into Dairy and frozen products, Beverages, Fruits & vegetables, Meat, Fish & seafood, Bakery and confectionery, and Others. This part also offers market attractiveness analysis based on Product type.
Based on Application, the Food Grade Gases Market is classified into Freezing and chilling, Packaging, Carbonation, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Food Grade Gases Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Food Grade Gases Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Food Grade Gases Market in Latin America. This chapter also includes growth prospects of the Food Grade Gases Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Food Grade Gases Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Food Grade Gases Market.
This chapter includes a detailed analysis of the growth of the Food Grade Gases Market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Food Grade Gases Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Food Grade Gases in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Food Grade Gases Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Food Grade Gases Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Air Gas, Air Liquide S.A., Air Products Praxair, Emirates Industrial Gases, Gulf Cryo, Matheson Tri-Gas Inc., Messer Group, Parker, Sol-SPA , The Linde Group., and Others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Food Grade Gases report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Food Grade Gases Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits