Food Grade Industrial Gases Market size is estimated to reach $8.70bn by 2025, growing at a CAGR of 6.67% during the forecast period 2020-2025. Food Grade Industrial gases are the types of gases that are used in the manufacturing, storing, and packing of the food products. These gases include carbon dioxide, oxygen, nitrogen, and others. These gases have a wide range of applications, which include packaging, freezing & chilling, carbonation, and others. The increase in usage of carbon dioxide in the brewing of the beverages is driving the market growth during the forecast period 2020-2025. Advancement in technology in packing, storing, and freezing of food products using different gases is driving the market growth. However, the cost involved in the manufacturing, storage, and processing of the gases is hampering the growth of the market.
By Gas Type – Segment Analysis
The Gas Type segment of Food Grade Industrial Gases Market has Carbon Dioxide, Nitrogen, Oxygen, and Others. The Autoimmune disorders segment registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025, owing to the increased usage of carbon dioxide in the manufacturing of the carbonated beverages. The nitrogen is used in oils to reduce dissolved oxygen; it is also used in making aerosol-dispensed foods like cheeses and creams to improve the taste and texture of the desserts. Having a different application is driving the market for Nitrogen in food-grade industrial gas market. The oxygen gas segment is also set to have growth as it is used in the packing of the fruits and vegetables to have the freshness of the fruits for a long time. Demand for the fruits and vegetables is driving the usage of oxygen in and supporting market growth.
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By End-Users – Segment Analysis
The End-Users segment of Food Grade Industrial Gases Market has Beverages, Meat, Poultry and Seafood, Dairy & Frozen products, Bakery & Confectionery products, Fruits & Vegetables, and Others. The Beverages segment registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025. The increased consumption of different types of beverages is demanding the usage of gases like carbon dioxide and other, to the manufacturing and storage of beverages, which is driving the market growth in this segment. The usage of gases like oxygen to have the freshness of the fruits and vegetables for a long time is fueling the market growth in the fruit and vegetable segment. Increasing technology development in the packing of food products is driving the market growth in the different segments during the forecast period 2020-2025.
By Geography – Segment Analysis
Based on Geography the global Food Grade Industrial Gases Market is segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America had a dominant share in terms of revenue in 2019 and it holds the largest market share during the forecast period 2020-2025, owing to the increase in the number of food and beverage industries. The increase in microbreweries and having good cold chain infrastructure is driving boosting the market growth in the North America region during the forecast period 2020-2025. An increase in technology advancements, rising consumption of food and beverages, meat and seafood, and increased demand for frozen food are driving the market for the different types of gases in different regions of the world.
Drivers – Food Grade Industrial Gases Market
Increase usage of gases in the food industry
The increase in usage of different types of gases to store the food without losing aroma and texture and increased shelf life is driving the market for food-grade industrial gases. The adequate use of carbon dioxide in brewing and in the manufacturing of carbonated drinks is driving the market during the forecast period 2020-2025. Advancement in new technology for the packing, freezing, and chilling of food products without losing the taste and ingredients is fueling the market growth.
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Challenges – Food Grade Industrial Gases Market
Strict regulation by the government
The strict regulations by the government are challenging the market as the usage of gases in different types of foods, as the improper use of gases cause damage to the food products and even to the consumer. Lack of awareness about the handling of gases and the usage of gases in food manufacturing and storage is also hampering the market.
Food Grade Industrial Gases Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Food Grade Industrial Gases Market. Key companies of this market are Taiyo Nippon Sanso, Sol-Spa, Messer Group, Air Liquide, Gulf Cryo, Emirate Industrial Gas, Universal Industrial Gases, Inc, Matheson Tri-Gas Inc, Praxair Inc, The Linde Group, and others.
In August 2020, Taiyo Nippon Sanso Corporation (TNSC) collaborates with the South8 company, to develop the LiGas technology for supplying and handling of specialty gases. TNSC with help of South8 planning to expand business in Asia, Japan and Europe.
In March 2019, Air Liquide Company under the name of Airgas has announced that it has acquired TA Corporate Holdings, Inc. This acquisition helps in producing special gases and improving the Air gas company network in different parts of U.S.
Geographically, Asia-Pacific Food Grade Industrial Gases Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high number of food and beverage manufacturers in this region.
The increase in usage of different types of gases in the manufacturing of food and beverage products and for the usage of the storage is driving the market during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Food Grade Industrial Gases Market report.
The advancement being made in the packing technologies and the launching of new food and beverage products are driving the market for the food-grade industrial market during the forecast period 2020-2025.
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