Food-Grade Gases Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2028

Food-Grade Gases Market

According to the most recent report by Emergen Research, the size of the global market for food-grade gases is anticipated to reach USD 9.77 billion in 2028 at a consistent CAGR of 6.3%. Increased government incentives and policies in both developed and developing nations to encourage the export of food and dairy products, vegetables, meats, and fisheries can be blamed for the substantial predicted revenue growth. Players in the frozen, chilled, and packaged food products verticals of the market are seeing significant revenue potential as a result of the growing demand for nutritious, securely packaged, and delicious food items.

This food grade gases market report details recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geograhic data, and other market-related information.

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Some Key Highlights in the Report

  • The largest hydrogen manufacturer in the world, Air Products APD.N, announced intentions to open a 30-ton per day liquid hydrogen manufacturing plant in eastern China in 2022 in November 2020. The project would be the first sizable commercial liquid hydrogen factory in China and the biggest of its kind in Asia, with its headquarters in Haiyan County, Zhejiang Province.
  • Praxair, Inc., a subsidiary of Linde in the United States, will begin operating under the Linde brand on September 1, 2020, the company stated in August 2020. Following the merging of Praxair, Inc. and Linde AG, the organization’s advancement is reflected in the name change.
  • A new, long-term cooperation between Air Liquide and NLMK, a significant Russian steel production, was established in July 2020. Another air division unit will be designed, built, owned, and operated by Air Liquide while conforming to higher industry standards for efficiency, effectiveness, and quality. The unit will be based on the Lipetsk site to create steel creation of the lead site of NLMK, with a daily creation limit of 1,000 tonnes of oxygen.
  • Due to the quick expansion of food and beverage supply chain centres, freezing segment revenue is anticipated to develop at a rapid rate throughout the projection period.
  • 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. are important market participants.

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

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. Italy
    5. Spain
    6. BENELUX
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA

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