About Food Grade Gases
Food grade gases is defined as the gases, which is used as a processing aid and additive in order to ensure compliance with the standard. It is widely used in modified atmosphere packaging applications such as carbon dioxide, nitrogen and oxygen. Rising demand for convenience food packaging, rising consumer preference for packaged food products owing to busy lifestyles are expected to drive the food grade gas market globally in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on technique and quality of the product owing to which the global food grade gases market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that Germany Vendors will contribute the maximum growth to Global Food Grade Gases market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Linde Group (Germany), Air Products & Chemicals, Inc. (United States), Air Liquide (France), Wesfarmers Limited (Australia), The Messer Group GmBH (Germany), SOL Group (Italy), Taiyo Nippon Sanso (Japan), Gulf Cryo (Kuwait), Massy Group (Carribean) and PT Aneka Gas Industri (Indonesia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Tyczka Group (Germany) and Air Water, Inc. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Food Grade Gases market by and Region.
On the basis of geography, the market of Food Grade Gases has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Type, the sub-segment i.e. Carbon Dioxide will boost the Food Grade Gases market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Dairy & Frozen Products will boost the Food Grade Gases market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement Regarding Food Grade Gases
Market Growth Drivers:
Shift toward Convenient Packaged Food Owing to On-The-Go Lifestyles and Growing Number of Microbreweries across All Regions
Challenges:
Safe & Proper Handling of Food Grade Gases
Restraints:
Strict Government Regulations to Meet Quality Standards
Opportunities:
Cumulative Demand from Developing Economies Such as China and India and Increasing Number of New Food & Beverage Product Developments
Market Leaders and their expansionary development strategies
In October 2018, the Linde AG (Germany) Company has merged with Praxair, Inc. (United States) company in order to form linde plc. Hence, this merger will in turn propel the growth of the food grade gases market.
In July 2020, Air Products and Chemicals reported the launch of its new modern gases plant in Louisiana in Onstream and supply to Hunstman Corporation's (US) adjoining modern tasks. The office is projected to offer expanded dependability and maintainability, with upgraded energy proficiency and decreased discharges.
Key Target Audience
Manufacturers of Food Grade Gases, Suppliers of Food Grade Gases, Research and Development (R&D) Companies, Research Organization, Federal Agencies 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.