Global Food Grade Gases Market to Reach US$ 11.0 Billion by 2028, Accelerated by Expanding F&B Industry

As per the latest report by IMARC Group, titled "Food Grade Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global food grade gases market size reached US$ 7.9 Billion in 2022. Food grade gases are crucial in the food industry to meet high food safety and quality standards. These gases are used for various purposes, such as packaging, preservation, freezing, and carbonation of food products. Argon, hydrogen, carbon dioxide, nitrogen, and oxygen are some of the most commonly used food grade gases. They are used in preparing food and beverages, including bakery, dairy items, meat products, fruits, vegetables, oils, sauces, dressings, condiments, and carbonated drinks. They are also used as an additive or processing aid during food preparation to enhance the quality, appearance, and flavor of the final product. One of the main benefits of using food grade gases is their ability to reduce moisture and oxygen content in food products. This, in turn, helps optimize product preparation or storage, prevent spoilage, and extend shelf life. Food grade gases are also used as propellants in aerosol-dispensed food products, such as creams and cheeses, and to create micro bubbles in desserts for improving texture and fluffiness. 

Global Food Grade Gasses Market Trends:

The food and beverage (F&B) industry is expanding significantly, which has considerably increased the employment of food grade gases, creating a positive outlook for the market. The surging health consciousness among consumers has surged the demand for premium-quality meat and seafood products, which, in turn, is accelerating the market growth. Food grade gases are used to preserve the freshness of packaged food, especially organic fruits and vegetables and meat products, and enhance the shelf-life of cheeses and pasta without the use of synthetic chemicals. Additionally, the widespread adoption of modified air packaging (MAP) solutions is fueling the market growth. Moreover, the growing product utilization in hotels, cafes, quick-serving restaurants (QSRs), and microbreweries, the rising consumer expenditure power, and the escalating consumption of packaged food products among the masses are anticipated to favor the market growth. Furthermore, the surging demand for packaged food due to hectic schedules and the increasing focus on food safety and quality are boosting the market growth. In line with this, key manufacturers are investing in research and development (R&D) initiatives to launch new products that meet the changing needs of the F&B industry, which is propelling the market growth. Looking forward, the market value is projected to reach US$ 11.0 Billion by 2028, expanding at a CAGR of 5.4% during 2023-2028. 

Market Summary: 

• By the type, the market is divided into carbon dioxide, nitrogen, oxygen, and others.
• Based on the application, the market is segregated into freezing and chilling, packaging and carbonation, and others.
• On the basis of the end user, the market is segmented into beverages, meat and seafood, convenience food products, and others.
• By the region, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. 
• The competitive landscape of the industry has also been examined with some of the key players being 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 and Tyczka Polska Sp. z o.o.

Report Scope:

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