(MENAFN- EIN Presswire) Food Grade Gases Market
IMARC Group expects the food grade gases market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
BROOKLYN, NEW YORK, UNITED STATES, February 26, 2023 /einpresswire.com / -- The latest report by IMARC Group, titled“Food Grade Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global food grade gases market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Food grade gases are pure gases that are used in the food industry for various applications like packaging, preservation, and processing. These gases are carefully purified to eliminate impurities that can contaminate food products, thus ensuring that they are safe for human consumption. Carbon dioxide, nitrogen, and oxygen are among the most commonly used food grade gases, and they play an important role in the food industry. Carbon dioxide, for example, is used to create carbonation in beverages, while nitrogen is used for food preservation by displacing oxygen and slowing down oxidation. Food grade gases are carefully monitored and regulated to ensure they meet strict food safety standards and do not pose any health risks to consumers.
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Food Grade Gases Market Trends:
The expanding food and beverage (F&B) industry represents one of the key factors driving the market growth. In line with this, the rising need for food preservation and packaging methods is facilitating the demand for food grade gases, thus driving the market toward growth. Apart from this, the increasing consumer demand for fresh and minimally processed foods and the rising need for the extended shelf life of food products are contributing to the market growth. Other factors, such as the rising demand for carbonated beverages and rising applications of food grade gases in the meat processing industry, are creating a positive outlook for the market across the globe.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
.Air Liquide S.A.
.Air Products Inc.
.Air Water Inc.
.Coregas Pty Ltd (Wesfarmers Limited)
.Gulf Cryo
.Linde plc
.Massy Group Inc
.SOL Spa
.Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation)
.The Messer Group GmbH
.Tyczka Polska Sp. z o.o.
Key Market Segmentation:
The report has categorized the market based on type, application and end user.
Breakup by Type:
.Carbon Dioxide
.Nitrogen
.Oxygen
.Others
Breakup by Application:
.Freezing and Chilling
.Packaging and Carbonation
.Others
Breakup by End User:
.Beverages
.Meat and Seafood
.Convenience Food Products
.Others
Breakup by Region:
.North America (United States, Canada)
.Europe (Germany, France, United Kingdom, Italy, Spain, Others)
.Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
.Latin America (Brazil, Mexico, Others)
.Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
.Market Performance (2017-2022)
.Market Outlook (2023-2028)
.Market Trends
.Market Drivers and Success Factors
.Impact of COVID-19
.Value Chain Analysis
.Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
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