Food Grade Gases Market Share, Size, Trends, Industry Analysis Report, By Type (Carbon Dioxide, Nitrogen, Oxygen, and Other Types); By Application; By Industry; By Region; Segment Forecast, 2024 - 2032
- Published Date:Jan-2024
- Pages: 116
- Format: pdf
- Report ID: PM3038
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global food grade gases market was valued at USD 7.68 billion in 2023 and is expected to grow at a CAGR of 5.9% during the forecast period. The extensive rise in the demand for convenience food products and carbonated beverages across the globe coupled with the increase in concerns regarding food safety among consumers drives the market growth. The food manufacturers and suppliers have increased their focus drastically on advanced packaging technologies like oxygen scavenger, controlled atmospheric packaging, and modified atmospheric packaging, that results in higher adoption and need for food grade gases worldwide and driving the market growth significantly.
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Moreover, rapid increase in the research & development activities and growing efforts by both public and private organizations on the development of sustainable packaging technology and innovations in the food products are likely to fuel the food grade gases market growth over the coming years.
For instance, in October 2022, Linde PLC, announced the expansion of its long-term agreement with Jindal Steel Limited for the supply of various industrial gases. With this agreement, Linde will build its new and second Air Separation Unit, which is likely to triple the company’s current total capacity of its Plant at kalinga Nagar.
Furthermore, rising deployment of NSF H1 standards in the global food & beverage industry and increasing awareness regarding the preservation of texture, aroma, and shelf life of nutritional products along with the high proliferation for integration of modified atmosphere packaging to control the microbial growth in the food products, are expected to create lucrative market growth opportunities in the coming years.
Rapid emergence of COVID-19 forced many countries to impose lockdowns and many other restrictions on the trade and movement related activities, that results in the temporary closure of manufacturing facilities, disruptions in the global supply chain, & lack of desired workforce. However, panic buying of food products during the pandemic period across various countries has fueled the demand for food grade gases.
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Industry Dynamics
Growth Drivers
Rapid shift in consumer preferences towards the convenient packaged food products over conventional products especially in developed and high-income countries like United States, France, United Kingdom, and Germany owing to increased awareness among consumers about the concerns associated with food safety and emergence in on-the-go lifestyles trends and longer working hours are key factors expected to boost the growth of the global market during the anticipated period.
Furthermore, the extensive surge in the popularity and prevalence for chilled and frozen food products among consumers worldwide and high utilization of these types of products by wide range of users including full-service restaurants, quick-service restaurants, and hotels & resorts to provide different types of aroma and texture to their customers are likely to contribute significantly to the market growth.
Report Segmentation
The market is primarily segmented based on type, application, industry, and region.
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By Type |
By Application |
By Industry |
By Region |
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Carbon dioxide segment accounted for the largest market share in 2022
The carbon dioxide segment accounted highest share and is expected to retain position over the study period on account of addition of carbon dioxide in large amount in wide range of soft drinks to give fizz and further enhances their flavor. In addition, carbon dioxide is highly used in the wines and beers to carbonate them, which elevate the aroma and add effervescence to the beer, owing to its easy availability and beneficial properties. Thus, the demand and growth of the segment market is expected to grow substantially int the coming years.
Moreover, the nitrogen segment is anticipated to witness highest growth over the forecast period on account of its ability to extend the shelf life of packaged foods products and also protects it form moisture migration and oxidation. Additionally, nitrogen gases are widely utilized to keep perishable food products cool during the transportation process, which is further expected to fuel the adoption of these gases around the world in the near future.
Freeing & chilling segment is projected to hold significant market share
The freezing & chilling segment is expected to register significant growth throughout the forecast period. The growth of the segment market can be attributed to growing prevalence of freezing & chilling products to handle various harmful microorganisms effectively. Freezing helps to slow many types of enzymatic activities and make food products more shelf-stable.
However, the packaging segment led the industry and accounted for healthy market share in 2022 due to the increasing demand for packaged food products globally on account of change in consumer eating habits and evolving lifestyles of people. Moreover, various innovations in the packaging sector including active packaging, intelligent packaging, biodegradable packaging, and nanocomposites that helps in inventory control, consumer education, improved product shelf life, and reduces food wastage, are likely to have a positive impact on the growth of the segment market.
Beverage industry segment is expected to witness highest growth
The beverage industry segment is expected to grow at fastest CAGR during the anticipated period. The growth of the segment market is mainly driven by continuous rise in the consumption of drinks and increasing consumer disposable incomes and shift towards the ready to drink beverages in various developing nations such as China, India, South Korea, and Indonesia. For instance, the total consumption of packed beverages in China amounted to around 274.8 billion liters in 2021 and is likely to reach about 302.4 billion liters by the end of 2024. And, the total consumption of packaged beverages was around 1.35 trillion liters in 2021.
North America region dominated the global market in 2022
The North America region accounted for the maximum market share in 2022 and is projected to maintain its dominance over the anticipated period, which is mainly accelerated by the rapid surge in the consumption of frozen food and high consumer spending capacity in countries like United States and Canada. In addition, the emerging trend of consuming various distinct flavor food mainly inspired by foreign cuisines and various protein-based dietary food products is resulting in high demand for food grade gases for seafood, poultry, frozen meat, and many others.
Asia Pacific region is projected to emerge at fastest growth rate during the forecast period owing to the rapid expansion and development of various manufacturing facility and supplying techniques in the region. The high population burden and their growing preferences for convenient food products as a result of high adoption of western culture is further likely to fuel the regional market growth in the coming years.
Competitive Insight
Key players include Linde PLC., Air Products & Chemicals, Air Liquide, Taiyo Nippon Sanso, Wesfarmers Limited, PT Aneka Gas Industri Tbk, Massy Group, Air Water, National Gases, Gruppo SIAD, Lez Gas Industries, Sidewinder Dry Ice, Axcel Gases, Taiya Industrial Gases, Yingde Gas Group, & Siddhi Vinayak Industries Gases.
Recent Developments
In February 2022, Linde PLC done agreement with BASF for supplying hydrogen and steam. With this agreement, Line will design, build, own, and operate a new hydrogen production facility in Chalampe, France that will double company’s current capacity in the region.
Food Grade Gases Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 8.09 billion |
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Revenue forecast in 2032 |
USD 12.81 billion |
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CAGR |
5.9% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Type, By Application, By Industry, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Linde PLC., Air Products & Chemicals Inc., Air Liquide, Taiyo Nippon Sanso Corporation, Wesfarmers Limited, PT Aneka Gas Industri Tbk, Massy Group Inc., Air Water Inc., National Gases Ltd., Gruppo SIAD, Lez Gas Industries Ltd., Sidewinder Dry Ice & Gas, Axcel Gases, Taiya Industrial Gases Co., Yingde Gas Group, and Siddhi Vinayak Industries Gases Pvt Ltd. |
FAQ's
Key companies in food grade gases market are Linde PLC., Air Products & Chemicals, Air Liquide, Taiyo Nippon Sanso, Wesfarmers Limited, PT Aneka Gas Industri Tbk, Massy Group, Air Water, National Gases, Gruppo SIAD, Lez Gas Industries, Sidewinder Dry Ice, Axcel Gases.
The global food grade gases market expected to grow at a CAGR of 5.9% during the forecast period.
The food grade gases market report covering key segments are type, application, industry, and region.
key driving factor in food grade gases market are increase in demand for frozen food products in developed and developing region .
The global food grade gases market size is expected to reach USD 12.81 billion by 2032.
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