The global Food-Grade Gases Market is estimated to be valued at USD 6.7 billion in 2020 and is projected to reach USD 9.3 billion by 2025, at a CAGR of 6.7% from 2020 to 2025. The demand for food-grade gases is significantly increasing due to factors such as growing consumer preferences toward convenient food packaging, owing to their on-the-go lifestyles, and the growing number of microbreweries across all regions. The high cost associated with power and stringent government regulations to meet quality standards inhibits the growth of the food-grade gases market. The North American market is projected to hold the largest market share, owing to the large food & beverage industry in the region and the presence of all big players. Also, the rising trend of microbreweries has driven the North American food-grade gases market.
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The food-grade gases market, on the basis of type, is segmented into carbon dioxide, nitrogen, oxygen, and others. The carbon dioxide segment is projected to grow at the highest CAGR, owing to the growing demand from the carbonated beverage industry for carbonation, and also from the packaged food industry for Modified Atmosphere Packaging (MAP).
The food-grade gases market, on the basis of mode of supply, is segmented into bulk and cylinder. The bulk mode of supply is usually preferred by large food & beverage manufacturers due to the ease of handling and storage it offers. The bulk mode of supply of food-grade gases is also cost efficient than when the gases are offered in cylinders.
The food-grade gases market, by end-use, is segmented into meat, poultry, and seafood products; dairy & frozen products; beverages; fruits & vegetables; convenience food products; bakery & confectionery products; and others. The beverages segment is estimated to grow at the highest CAGR due to the use of large volumes of food-grade gases, especially carbon dioxide and nitrogen, for carbonation and blanketing. As the demand for carbonated beverages increases, there is a simultaneous growth in the market for food-grade gases.
The food-grade gases market, on the basis of application, is segmented into freezing & chilling, packaging, carbonation, and others. The carbonation segment is projected to grow at the highest CAGR, owing to the growing carbonated beverages industry. The rising trend of functional and no-sugar carbonated beverages is also driving the market for this segment.
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The increasing demand for food-grade gases from developing countries such as China and India—for various applications like packaging, carbonation, and freezing & chilling; and increased applications in beverages; meat, poultry, and seafood products; and dairy & frozen food products—prove to be some of the opportunities in this market.
The major players in the industry are focusing on new product launches, expansions, acquisitions, partnerships, collaborations, joint ventures, agreements, and mergers to increase their global footprints in the area of food-grade gases.
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Global Food-Grade Gases Market The GMI Research asserts that the Food-Grade Gases Market will expand at a faster rate over the forecast period.
This is because of the ongoing enlargement of the beverage industry and aggravating preference of ready to eat food items.Request for a FREE Sample Report on Food-Grade Gases MarketIntroduction of the Food-Grade Gases Market Food grade gases refer to the gases used as additive to enhance compliance with norms.
They are efficiently used in the food industry to freeze, carbonate food products like dairy and beverages.
The market includes several types such as carbon dioxide, nitrogen, and oxygen.
Food-Grade Gases Market DynamicsThe accelerating number of microbreweries is supplementing the growth of the global food grade gases market.
Thus, the ongoing innovation in the product offering has fuelled the implementation of gas, thereby bolstering the food grade gases market size.However, various legislations authorized by several countries such as North America and Europe, majorly to prevent food products from rotting and circumscription owing to the awful production and refrigerated preservation is hindering the Global Food-Grade Gases Market Size.Food-Grade Gases Market Segmentation:Segmentation by TypeCarbon DioxideNitrogenOxygenOthersSegmentation by ApplicationFreezing & ChillingPackagingCarbonationOthersSegmentation by End-UseBeveragesMeat, Poultry, and Seafood ProductsDairy & Frozen ProductsFruits & VegetablesConvenience food ProductsBakery & Confectionery ProductsOthersSegmentation by Mode of SupplyBulkCylindeSegmentation by Region:EuropeUnited KingdomGermanyFranceSpainRest of EuropeAsia PacificChinaJapanIndiaRest of APACNorth AmericaUnited States of AmericaCanadaRoWUAEBrazilSouth AfricaSaudi ArabiaAbout GMI ResearchGMI, a market research and consulting enterprise that provides business perception and reports to different organisations, which include several small, medium and large enterprises.
The market intelligence report on the Food Grade Gases industry offers the readers an extensive assessment of the sector, along with the potential growth of the same to be expected in the coming years.
In the study, 2016 and 2017 have been referred to for determining the past performance, while 2018 has been assumed as the base year to predict the trajectory of the progress of the industry during the forecast years from 2019 to 2026.
The report is aimed at helping the reader get a holistic view of the market with all crucial aspects in order to decipher optimum business plans.This report covers the recent COVID-19 incidence and its impact on Food Grade Gases Market.
The pandemic has widely affected the economic scenario.
This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.Enter your information in the form below to receive a sample copy of this Report @ https://www.reportsanddata.com/sample-enquiry-form/2118Scope of Report:The report underlines the market trends drawn after the assessment of the past data gathered from 2016 and 2017 and performs a comprehensive study of the trends in the sector to derive market insights and calculate the CAGR that can be expected in the forecast years.
The report also scrutinizes the financial performance, novel technologies, and strategic expansion undertaken by the company, which includes mergers and acquisitions and collaborations.
