Food Grade Gases Market by Type, Application, Region - 2023

1. MarketsandMarkets™ Presents Food Grade Gases Market - Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/food-grade-industrial-gases-market-9473111.html

2. The report "Food Grade Gases Market by Type (Carbon Dioxide, Nitrogen, Oxygen), Application (Freezing & Chilling, Packaging, Carbonation), End-Use (Dairy & Frozen Products, Beverages, Meat, Poultry & Seafood), and Region - Global Forecast to 2023", The food-grade gases market is estimated to be valued at USD 5.9 billion in 2018 and is projected to reach USD 8.1 billion by 2023, at a CAGR of 6.7% from 2018 to 2023. Shifting consumer preferences toward convenient food packaging owing to their on-the-go lifestyles and the growing number of microbreweries across all regions are some of the factors driving the growth of the food-grade gases market. Browse 75 market data Tables and 60 Figures spread through 171 Pages and in-depth TOC on "Food Grade Gases Market - Global Forecast to 2023“ North America is estimated to dominate the food grade gases market, in terms of value, in 2018 The microbrewery culture is also on the rise in the North American market. There are multiple microbreweries present in the region. These microbreweries require carbon dioxide for beer dispensing. Also, the North American soft drinks market is one of the largest, with the presence of all the big brands such as Coca-Cola and PepsiCo. The soft drinks industry is one of the largest users of food-grade carbon dioxide for the carbonation of beverages. The large beverage industry and rising trends of microbreweries create a huge demand for carbon dioxide in the North American region, with the US being the largest and fastest growing market. Also, because of the presence of highly organized retail chains and cold chain infrastructure, the North American market holds the largest market share in the food-grade gases market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=9473111

3. Report Objectives: • Determining and projecting the size of the food-grade gases market, with respect to type, end-use, mode of supply, application, and region, over a five-year period ranging from 2018 to 2023 • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions • Analyzing the demand-side factors on the basis of the following: • Impact of macro- and micro-economic factors on the market • Shifts in demand patterns across different subsegments and regions • Identifying and profiling key market players in the food-grade gases market • Determining the market share of key players operating in the food-grade gases market • Understanding the competitive landscape and identifying the major growth strategies adopted by players across regions. • Key Market Players: • The key players profiled in the food-grade gases market include The Linde Group (Germany), Air Products & Chemicals, Inc. (US), Air Liquide (France), Wesfarmers Limited (Australia), The Messer Group GmBH (Germany), SOL Group (Italy), Taiyo Nippon Sanso (Japan), Gulf Cryo (Kuwait), Massy Group (Carribean), PT Aneka Gas Industri (Indonesia), The Tyczka Group (Germany), and Air Water, Inc. (Japan). • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=9473111

4. By application, the freezing & chilling segment is projected to account for the largest share in the food-grade gases market The food industry’s key challenges are to avoid microbial deterioration and increase the shelf life of products. One of the most effective methods of fighting these microbes is by chilling & freezing the products. When the temperature is lowered below the freezing point, the growth of micro-organisms decreases rapidly. Freezing slows down many enzymatic processes as well, thereby making food products more shelf stable. Chilling a food product reduces the risk of bacterial growth. The freezing and chilling of foods are essential to prevent spoilage. As manufacturers, consumers, and retailers demand these technologies, the use of food-grade gases is expected to increase. The dominance of the carbon dioxide segment in the food-grade gases market is attributed to the growing number of microbreweries across the world Carbon dioxide is used for refrigeration and cooling in solid (dry ice) and liquid forms. This is because it sublimates to gas at a very low temperature of -78.5 °C (-109.3 °F). It is widely used for carbonation in soft drinks, beers, and other alcoholic drinks. The gas has applications in conserving wine, grape juices, and other juices. Beverage-grade carbon dioxide, which is considered an ingredient in the beverage industry, should be compliant with the strongest regulations of the EC (E290) and International Society of Beverages Technologists (ISBT). Carbon dioxide is also used for Modified Atmosphere Packaging (MAP); it is injected and frequently removed to eliminate oxygen from the package. Due to the advancement in packaging technologies, the demand for carbon dioxide is projected to remain the highest in the food-grade gases market.Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=9473111

5. Recent Developments: • In October 2018, Linde AG (Germany) merged with Praxair, Inc.(US) to form Linde Plc. This merger would further enhance the market position of both the players in the food-grade gases market. • In July 2018, Messer Group (Germany) along with CVC Capital Partners Fund VII (“CVC”) acquired the majority of Linde’s (Germany) gases business in North America and certain business activities in South America. • In May 2017, Praxair Inc. (US) launched XactCO2, an innovative beverage carbonation solution for restaurants and bars. • In September 2017, Air Products & Chemicals (US) launched Freshline LIN-IS system, which uses liquid nitrogen to deliver rapid and precise temperature control to a blender or mixer/grinder and enables food manufacturers to optimize processing speed and product quality. • Key questions addressed by the report: • What are the growth opportunities for the food-grade gases market? • What are the major technologies used in the food-grade gases? • What are the key factors affecting the market dynamics? • What are some of the major challenges and restraints that the industry faces? • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=9473111

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