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Food-Grade Gases Market worth $13.31 billion by 2030, growing at a CAGR of 7.34% - Exclusive Report by 360iResearch
Food-Grade Gases Market | 360iResearch
The Global Food-Grade Gases Market to grow from USD 8.10 billion in 2023 to USD 13.31 billion by 2030, at a CAGR of 7.34%.
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Food-grade gases refer to high-purity gases that adhere to stringent food regulations and standards to ensure their suitability for use in various applications within the food and beverage industry. These gases are commonly used for food processing, packaging, preservation, and serving applications. The major used food-grade gases include carbon dioxide, nitrogen, argon, and oxygen, which enable the preservation of the organoleptic properties of products, prolonging their shelf-life and improving their marketability. The rising consumer demand for processed foods, the growing trend of urbanization, a fast-paced lifestyle, and a shift towards convenience food products have stimulated the growth of pre-packaged food consumption. Additionally, increased awareness about dietary health and nutrition leads to changes in food processing techniques that rely on the use of these specialty gases. However, environmental and health concerns regarding the excessive usage of food-grade gases hamper the widespread adoption of the gases. Additionally, the use of impure gases and contamination of gases with particulate matter can raise concerns about the reliability of the gases. However, major players are investing in quality control processes to ensure the avoidance of contamination and purity issues. Ongoing technological innovations aimed at improving the efficiency and sustainability of food processing operations, the development of sophisticated gas delivery systems, cryogenic freezing technologies, and advancements in modified atmosphere packaging (MAP) provide future opportunities for the growth of the industry.
The Americas region represents a mature market for food-grade gases, with the United States leading in terms of consumption and technological advancements. The demand in this region is driven by a robust food processing industry, stringent food safety regulations, and high consumer awareness about food quality. The region experiences the presence of established and modern food processing industries and a preference for prepackaged foods. Europe is another significant region for food-grade gases, fueled by a sophisticated food and beverages industry and rigorous EU regulations regarding food safety and quality. Research collaboration aiming to innovate traditional food processing technologies also drives advances in the field. The Asia-Pacific region is one of the fastest-growing regions for food-grade gases, attributed to the increasing urbanization, rising disposable incomes, and an expanding food and beverages sector. The region is witnessing a surge in foreign investments and the emergence of local players and startups, fuelling competitive dynamics.
Market Segmentation & Coverage:
This research report categorizes the Food-Grade Gases Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Carbon Dioxide, Nitrogen, and Oxygen. The Carbon Dioxide is projected to witness significant market share during forecast period.
Based on Mode Of Supply, market is studied across Bulk and Cylinder. The Cylinder is projected to witness significant market share during forecast period.
Based on Application, market is studied across Carbonation, Freezing & Chilling, and Packaging. The Freezing & Chilling is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Bakery & Confectionery Products, Beverages, Convenience Food Products, Dairy & Frozen Products, Fruits & Vegetables, and Meat, Poultry & Seafood Products. The Meat, Poultry & Seafood Products is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 42.24% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Food-Grade Gases Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Food-Grade Gases Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Food-Grade Gases Market, highlighting leading vendors and their innovative profiles. These include Air Liquide S.A., Air Products and Chemicals, Inc., Les Gaz Industriels Ltd., Linde PLC, Matheson Tri-Gas, Inc., Messer SE & Co. KGaA, National Gases Limited, Parker-Hannifin Corporation, Purity Cylinder Gases, Inc., and Taiyo Nippon Sanso Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Food-Grade Gases Market, by Type
7. Food-Grade Gases Market, by Mode Of Supply
8. Food-Grade Gases Market, by Application
9. Food-Grade Gases Market, by End-Use
10. Americas Food-Grade Gases Market
11. Asia-Pacific Food-Grade Gases Market
12. Europe, Middle East & Africa Food-Grade Gases Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Food-Grade Gases Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Food-Grade Gases Market?
3. What is the competitive strategic window for opportunities in the Food-Grade Gases Market?
4. What are the technology trends and regulatory frameworks in the Food-Grade Gases Market?
5. What is the market share of the leading vendors in the Food-Grade Gases Market?
6. What modes and strategic moves are considered suitable for entering the Food-Grade Gases Market?
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