According to a new market report by Lucintel, the future of the food grade industrial gas market looks promising with opportunities in the frozen food, confectionery, meat, fish, seafood, and beverage industries. The food grade industrial gas market is expected to grow with a CAGR of 7% from 2019 to 2024. The major growth drivers for this market are increasing demand for conveniently packaged foods, carbonated beverages, growing importance of preservative-free food, and increasing application in packaging and storage of food and beverage products.
Food grade gases are defined as gases which are used in food industries as a processing aid or additive. In this market, carbon dioxide, nitrogen, and oxygen are the major gases used in various applications of food. Nitrogen is the largest segment as it is passed through liquid products particularly cooking oil to reduce dissolved oxygen and achieve good quality and also used in many carbonated soft drinks.
Freezing and chilling, packaging, and carbonation are the major applications of food grade gases market. Freezing and chilling is the largest segment.
Asia Pacific is expected to be the largest market over the forecast period due to higher demand for processed food.
Air Liquide, Air Products & Chemicals, The Linde Group, Airgas, Matheson Tri-Gas, Messer, SOL-SPA, Emirates Industrial Gases, and Gulf CRYO are among the major manufacturers of food grade industrial gases.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the food grade industrial gas market by gas type, application, end use, and region. Lucintel has prepared a comprehensive research report titled "Food Grade Industrial Gas Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the food grade industrial gases market by gas type, application, end-use, and region as follows:
By Gas Type [$M shipment analysis for 2013 – 2024]:
• Carbon dioxide
• Nitrogen
• Oxygen
• Other
By Application [$M shipment analysis for 2013 – 2024]:
• Freezing and Chilling
• Packaging
• Carbonation
• Other
By End-Use [$M shipment analysis for 2013 – 2024]:
• Confectionery
• Frozen Products
• Beverages
• Meat, Fish and Seafood
• Others (Oil, Sauces, Dressings and Condiments)
By Region, [$M shipment analysis for 2013 – 2024]:
• North America
o United States
o Canada
o Mexico
• Europe
o United Kingdom
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o Japan
o India
• ROW
o Brazil
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …………. [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the food grade industrial gas market by gas type (carbon dioxide, nitrogen, oxygen, and other), application (freezing & chilling, packaging, carbonation, and other), end use (confectionery, frozen products, beverages, meat, fish, and other), and region (North America, Europe, Asia-Pacific, Row)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting the market dynamics? What are the drivers and challenges of the food grade industrial gas market?
Q.5 What are the business risks and threats to the food grade industrial gases market?
Q.6 What are the emerging trends in this food grade industrial gas market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the food grade industrial gases market?
Q.8 What are the new developments in the food grade industrial gas market? Which companies are leading these developments?
Q.9 Who are the major players in this food grade industrial gas market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this food grade industrial gases area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this food grade industrial gas market?