The global food-grade gases market size is expected to reach USD 9.77 Billion at a steady CAGR of 6.3% in 2028, according to latest analysis by Emergen Research. Robust projected revenue growth can be attributed to increasing government incentives and policies in various developed and developing countries to promote exports of food and dairy products, vegetables, meats, and seafood. Rising demand for healthy, safely packed, and tasty food products is opening up major revenue opportunities for players operating in frozen, chilled, and packaged food products verticals in the market.
Global food-grade gases market revenue growth is also being driven by research and development and various technological advancements to enhance shelf life and maintain quality of packaged and frozen food products. Modified Atmospheric Packaging (MAP) opens up more lucrative opportunities for packaged food product manufacturers to deploy technologies based on freezing and chilling to reduce microbial growth in food products.
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Some Key Highlights in the Report
- In November 2020, Air Products APD.N, which is the world’s largest hydrogen producer, announced plans to launch a 30-ton per day liquid hydrogen production plant in eastern China in 2022. The project, based in Haiyan county in Zhejiang province, would be the first large-sized commercial liquid hydrogen plant in China and the largest of its kind in Asia.
- In August 2020, Linde announced that its U.S. auxiliary, Praxair, Inc., will start working under the Linde name, viable 1 September 2020. The change in name mirrors the organization’s advancement following the consolidation of Praxair, Inc., Linde AG.
- In July 2020, Air Liquide and NLMK, which is a leading steel producer in Russia, entered into a new long-term partnership. Air Liquide will configure, fabricate, own, and work another air division unit adhering to more elevated industry norms in wellbeing, effectiveness, and quality. The unit, with a creation limit of 1,000 tons of oxygen each day, will be based on the Lipetsk site to build steel creation of the lead site of NLMK.
Major Players/Manufacturers profiled in the report are:
Air Liquide, Air Products and Chemicals, Inc., AIR WATER INC, Coregas, Gulf Cryo, Linde plc, SOL Spa, TAIYO NIPPON SANSO CORPORATION, Massy Gas Products (Trinidad) Ltd., Messer Group., Gruppo SIAD, and Praxair Technology, Inc.
Some Key Highlights from the Report
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
For the purpose of this report, Emergen Research has segmented the global food-grade gases market on the basis of type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Carbon Dioxide
- Nitrogen
- Argon
- Oxygen
Application Outlook (Revenue, USD Billion; 2018–2028)
- Freezing
- Chilling
- Packaging
- Carbonation
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Frozen Products
- Vegetables
- Dairy Products
- Meat & Seafood
- Beverages
The regional analysis states the global market is bifurcated into North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. The report also covers import export consumption, supply and demand ratio, cost, pricing analysis, gross margin, and revenue estimation of each player in each region. The report also offers a country-wise analysis of the key regions to offer a better understanding of the global market.
Regional Segmentation Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report further sheds light on the strength, weaknesses, opportunities, and threats faced by the companies in the global Food-Grade Gases market and additionally measures the feasibility and investment return analysis in the report. Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market and covers the initial and future assessment of the COVID-19 impact on the market. The report is a qualitative and quantitative assessment of the global Food-Grade Gases market that has been formulated by extensive primary and secondary research with the data further validated from industry experts and professionals.
Key Reasons to Buy This Report:
- The report presents a thorough examination of the Food-Grade Gases market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
- The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
- The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
- The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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