Reports and Data's latest report forecasts that the global food-grade gases market will achieve a revenue of USD 11,525.4 Million by 2030, with a compound annual growth rate of 5.8% during the forecast period. The report attributes this growth to the increasing demand for packaging technologies like modified atmospheric packaging and chilling freezing from the food and beverage industry. Food-grade gases play a vital role in ensuring compliance with food preparation regulations and are utilized as an additive or processing aid during food production. The food and beverage industries widely use food-grade gases for packaging, freezing, and carbonation of bakery, dairy, meat, fruit, and other products. These gases can be used individually or in various combinations, with carbon dioxide, nitrogen, and oxygen being some examples of food-grade gases.
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Top Companies Operating in the Global Food Grade Gases for Oxygen Market Report:
Air Products Inc., Inc, Air Liquide S.A., Messer Group GmbH, Taiyo Nippon Sanso Corporation, Wesfarmers Limited, SOL Group, Gulf Cryo, Air Water, Inc., National Gases Limited, and Les Gaz Industriels Ltd.
Driving Factors of Food Grade Gases for Oxygen Market:
- Increasing demand for convenience food: The growing trend of busy lifestyles and the need for quick and easy meals have led to an increase in the consumption of convenience food. Food grade gases such as carbon dioxide, nitrogen, and oxygen are used in the processing and packaging of these foods to maintain their freshness and extend their shelf life.
- Growing demand for packaged food: The increasing demand for packaged food is another key driver of the Food Grade Gases for Oxygen Market. Food grade gases are used in the packaging process to create a modified atmosphere that helps preserve the quality and freshness of the food.
- Rising demand for carbonated beverages: Carbon dioxide is an essential gas used in the production of carbonated beverages. As the consumption of soft drinks and other carbonated beverages continues to grow, the demand for food grade gases such as carbon dioxide is also expected to increase.
- Stringent food safety regulations: Governments around the world have implemented strict regulations to ensure the safety and quality of food products. Food grade gases are widely used in the food industry to comply with these regulations and to maintain the safety and quality of food products.
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The global Food Grade Gases for Oxygen Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Carbon dioxide (CO2)
- Nitrogen
- Oxygen
- Others
Supply Type Outlook (Revenue, USD Million; 2019-2030)
- Bulk
- Cylinder
Application Outlook (Revenue, USD Million; 2019-2030)
- Freezing Chilling
- Packaging
- Carbonation
- Others
End-Use Outlook (Revenue, USD Million; 2019-2030)
- Beverages
- Meat, Poultry Seafood Products
- Dairy Frozen Products
- Fruits Vegetables
- Convenience Food Products
- Bakery Confectionery Products
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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