Dec 28, 2023   SOURCE: BusinessWire

Food Grade Gases Market Set to Reach US$ 11 Billion by 2028 with a Notable CAGR of 5.67% Amid Increasing Demand for Fresh Packaged Food Products - ResearchAndMarkets.com

The "Global Food Grade Gases Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global food grade gases market has garnered unprecedented momentum, reaching a noteworthy valuation of US$ 7.9 Billion in 2022.

The market is on a robust growth trajectory and is predicted to ascend to a market size of US$ 11.0 Billion by 2028. This impressive growth, registering a compound annual growth rate (CAGR) of 5.67% during the forecast period (2022-2028), is fueled by increasing industrial applications and heightened demand for high-quality food preservation.

Food grade gases, including carbon dioxide, nitrogen, and oxygen, are integral in applications ranging from freezing, chilling, to carbonation and packaging of food products.

Their uses traverse industries such as bakery, dairy, meat, seafood, fruits and vegetables, and beverages, to name a few. Advanced packaging techniques like Modified Atmosphere Packaging (MAP) benefit from these gases in preserving the natural freshness and extending the shelf life of food items without relying on preservatives.

Current Market Dynamics and Trends

The rise in consumer expenditure and shifting preferences towards packaged and convenience food products have dramatically influenced the market landscape. The ongoing expansion in the food and beverage sector further consolidates the pivotal role food grade gases play in maintaining product quality and shelf-stability.

Additionally, various end-user segments like hotels, cafes, and quick-serving restaurants are continually incorporating these gases to elevate food preservation and optimize consumer offerings.

  • Beverages
  • Meat and Seafood
  • Convenience Food Products

In terms of geographic segmentation, the North American region, alongside burgeoning markets in Europe and Asia-Pacific, has showcased considerable growth. The report covers a comprehensive analysis of key markets, including the United States, Canada, China, Japan, India, Germany, France, and the United Kingdom, among others.

Competitive Market Outlook

As the market advances, the competitive scenario is characterized by strategic collaborations, expansions, and technological innovations by prominent players. These stakeholders are pivotal in shaping the industry dynamics and catering to growing consumer demands globally. The report extensively profiles major industry players and provides an in-depth evaluation of the competitive landscape and market strategies.

Market Research and Insights

This report is an indispensable resource for stakeholders, investors, and participants looking to understand the pivotal drivers, trends, and challenges shaping the food grade gases market. It offers a granular analysis of market dynamics, including the impact of COVID-19, key regional markets, the varying applications, and end-user segmentation.

The research publication delves into the nuances of the food grade gases value chain, examining the roles of different players from manufacturers to end consumers.

The report addresses pivotal questions about market performance, structures, competition degree, and forecasts for the future, providing a holistic view of the market's trajectory. The strategic intelligence compiled aims to empower decision-makers with actionable insights for informed decision-making.

As the industry continues to evolve with consumer trends and technological advancements, this report serves as a beacon for those navigating the complex market landscape.

Key Attributes:

Report Attribute Details
No. of Pages 148
Forecast Period 2022 - 2028
Estimated Market Value (USD) in 2022 $7.9 Billion
Forecasted Market Value (USD) by 2028 $11 Billion
Compound Annual Growth Rate 5.7%
Regions Covered Global

Companies Profiled

  • Air Liquide
  • Air Products
  • Air Water Inc.
  • Coregas Pty
  • Gulf Cryo
  • Linde plc
  • Massy Group
  • SOL Spa
  • Taiyo Nippon Sanso
  • The Messer Group
  • Tyczka Polska

For more information about this report visit https://www.researchandmarkets.com/r/dk6zp8

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