The global food-grade industrial gases market is expected to surge at a CAGR of 4% between 2020-2030. The constant demand for frozen food, especially during the time of lockdowns, is expected to boost this market. The convenience offered by frozen food such as longer shelf life and easy-to-cook option has spiked the demand for food-grade industrial gases.
The market is also being fuelled by higher consumption of carbonated drinks amongst the growing younger population. The exponentially growing hospitality industry and rapid urbanization are expected to drive this market in the coming days.
Innovation in packaging, chilling, and freezing technologies to retard and nullify the chances of bacteria breeding have stoked the demand for food-grade industrial gases such as carbon dioxide, oxygen, and nitrogen. Growing demand for fresh food, irrespective of location or season, has created a fertile ground for this market.
Consumption of exotic fruits all year round has also made a positive impact on the market. Increasing health consciousness is a major driver as consumers want food products to be without or minimal preservatives, chemical treatments, and less processed.
Food manufacturers and distributors are forced to use food-grade gases to fulfil consumers’ demands for safe food right from the manufacturing stage to the consumption stage. New packaging techniques like modified atmosphere packaging and controlled storage conditions specifications in the food and beverage industry are expected to increase food industrial gases demand in the forecast period.
Food-grade industrial gases are segmented based on gas type as nitrogen, carbon dioxide, oxygen, and others such as hydrogen and argon. Nitrogen, an inert gas, is used in packaging technology to solve the spoilage problem. Carbon dioxide is used in cooling, freezing, modified atmosphere packaging and carbonization. The increasing number of breweries and sale of sodas, especially in developing economies, is expected to spike demand.
Oxygen is mainly used in modified atmosphere packaging and is usually used in combination with carbon dioxide and/or nitrogen to have improved results. Oxygen is also used in the packaging of fresh fruits to maintain their freshness by maintaining the oxygen level in packet and also used to maintain the colour of the packed meat. Demand for fruits all year round is expected to give this segment an impetus.
Based on application type food grade industrial gases market is segmented into freezing & chilling, packaging, carbonation and others (purging). Based on product type food grade industrial gases are segmented as dairy & frozen products, beverages, fruits & vegetables, meat, fish & seafood, bakery & confectionery, and others.
North America and Europe have established markets for food-grade industrial gases and emerging economies such as Asia Pacific provide opportunities for growth in the forecast period. Increasing technological advancements in processing and rising consumption of food products in India and China are expected to promote the highest use of food-grade industrial gas demand.
Growing the working population will also boost the demand for food-grade industrial gases as convenience food picks momentum.
The key international players operating in food grade industrial gases market includes Air Gas, Air Liquide S.A., Air Products Praxair, Emirates Industrial Gases, Gulf Cryo, Matheson Tri-Gas Inc., Messer Group, Parker, Sol-SPA, and The Linde Group.
The demand for frozen food is expected to remain high during the pandemic as it has a higher shelf life. As the economy stabilizes, the demand for food-grade industrial gases will rise as sales of aerated drinks through restaurants and vending will increase.
Analysts anticipate that the growing focus on safer food packaging, investments in developing newer technologies to freeze food, and the resurgence of hospitality will create a bright future for the market in the coming decade.
| Report Metric | Details |
| Base year considered | 2019 |
| Actual estimates/ Historical data | 2014 - 2018 |
| Forecast period | 2020 - 2030 |
| Forecast units | Value (USD) Bn |
| Segments covered |
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| Market Outlook |
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| Regions covered | North America, the Middle East and Africa, Europe, and Central and South America, Asia Pacific |
| Key Players | Air Gas, Air Liquide S.A., Air Products Praxair, Emirates Industrial Gases, Gulf Cryo, Matheson Tri-Gas Inc., Messer Group, Parker, Sol-SPA, and The Linde Group. |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Food Grade Industrial Gases Market
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