About Food Grade Industrial Gasses
Food grade industrial gases are deployed in chilling, freezing, and packaging to extend food shelf life by removing the need for preservatives and chemical treatments. Individuals' increasing health consciousness is driving demand for less chemically processed food with fewer preservatives, which is a major driver of the worldwide food grade gases market. Furthermore, technologically enhanced processes in the food packaging sector are likely to boost demand for food grade industrial gases, which is another factor expected to drive market expansion throughout the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 6.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Food Grade Industrial Gasses market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Linde Group (United Kingdom), Air Liquide (France), Taiyo Nippon Sanso (Japan), Coregas (Australia), Airgas, Inc. (United States), WestAir (United States), Ikaros srl (Italy), Messer (United States), Sol-Spa (Italy) and Gulf Cryo (United Arab Emirates) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Universal Industrial Gases Inc. (United States) and Praxair Inc. (Norway).
Segmentation Overview
AMA Research has segmented the market of Global Food Grade Industrial Gasses market by Type (Nitrogen, Oxygen and Carbon Dioxide) and Region.
On the basis of geography, the market of Food Grade Industrial Gasses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Industry Vertical, the sub-segment i.e. Chemical will boost the Food Grade Industrial Gasses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Medicinal Purposes will boost the Food Grade Industrial Gasses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technologically Advanced Techniques In Food Packaging Industry
Market Growth Drivers:
The Increasing Demand For Fresh Products And Packaged Food Has Led To The Use Of Industrial Gases In The Food And Beverage Sector
Challenges:
High cost associated with Food Grade Industrial Gasses
Restraints:
Government Stringent Regulation Towards Food Safety
Opportunities:
Growing Demand For Nitrogen In Food & Beverage Industry and Increasing Consumption Of Packaged Food
Market Leaders and their expansionary development strategies
In 2020, Air Products & Chemicals has entered into a contract with PBF Energy (USA) to acquire five operational hydrogen plants for USD 530 million.
In 2020, Air Products and Topsoe have entered into a global alliance agreement to collaborate on large-scale ammonia, methanol and/or dimethyl ether projects around the world.
Key Target Audience
Food Grade Industrial Gasses, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.