Food Grade Gases Market Analysis | 2024-2030

Market Insights

“The food grade gases market was estimated at USD 7.6 billion in 2023 and is likely to grow at a CAGR of 6.9% during 2024-2030 to reach USD 12.12 billion in 2030".

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Market Dynamics

Introduction

Food grade gases have a special function as they are gas-employed freshness and package, freeze, and carbonate food products. These are among the more common gases used for food packaging including argon, hydrogen, nitrogen, and oxygen. These are washed off by the cleaners used in the preparation of food and beverages, including bakery, dairy, and meat products, fruits, vegetables, frying oil, sauces, dressings, condiments, and carbonated drinks. They are used as an additive, means, or instrumental during food preparation. For instance, they are purged of air and water during food processing to prevent the proliferation of microorganisms in the foodstuff. They, of course, are the main acid used in canned foods for sterilization, as propellants in spray foods such as creams and cheeses, and to produce microbubbles in desserts for firmness improvement.

A trend is to be observed in these days of food processing and packaging, wherein natural food-grade gases are used. Carbon dioxide, nitrogen, and argon as gases of nature are advantageous over synthetic ones because of the danger amid no content of toxic or flammable ones. Indeed, these gases are also called 'greenhouse-friendly' as they do not promote global warming. The consumption of natural food-grade gases is predicted to grow in the near future due to the increasing level of awareness concerning the environmental hazards associated with products.

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Key Players

The market is highly Nitrogend with the presence of 10 players across the region. The following are the key players in the food grade gases market.

Here is the list of the Top Players (Alphabetically Arranged)

• 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.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Product Type

“Carbon dioxide is expected to remain dominant as well as the fastest-growing product in the market during the forecast period.”

• The food grade gases market is segmented into Carbon Dioxide, Nitrogen, and Oxygen.
• Carbon dioxide is expected to remain dominant as well as the fastest-growing product in the market during the forecast period.
• For instance, CO2 is the compound that makes beverages effervescent, as they have a fizzy nature. It is mainly used in the production of carbonated drinks such as soda, beer, and sparkling water.
• CO2 has a preserving effect on the food industry by allowing it to extend the shelf-life of the products. It assists in maintaining the perfect condition of the edibles by preventing the growth of bacteria and molds.

By Application Type

“Freezing and chilling is expected to remain the dominant and fastest-growing application in the market during the forecast period.”

• The market is segmented into Freezing and Chilling, Packaging and Carbonation, and Others.
• The freezing and chilling segment is expected to remain the dominant and fastest-growing application type in the market during the forecast period.
• The chilling and freezing of food are the appropriate ways to preserve it by slowing down or halting the growth of the microbial intruders that cause the spoilage of the food. These procedures, which are used by manufacturing companies, can keep foods fresh for longer periods of time because they stabilize temperatures.

Regional Insights

“The Asia-Pacific is expected to remain the largest market for food grade gases during the forecast period.”

• In terms of region, the Asia-Pacific is expected to remain the largest market for food-grade gases during the forecast period.
• The Asia-Pacific region is home to a large and rapidly growing population, including countries like China, India, Japan, and South Korea.
• Among the major factors contributing to this trend are the population explosion and the growing purchasing power of society, which translates into the consumption of more and more processed and packaged manufactured products. From that arises the necessity for food-grade gases for preservation, freezing, and packaging.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s food grade gases market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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