Report Ocean has just released an all-encompassing market research report delving deep into the Food-grade Industrial Gases Market industry. This report furnishes readers with invaluable insights into both present and future industry trends, equipping them with the means to discern the factors driving revenue growth and profitability. It meticulously scrutinizes the critical factors that impact both the global and regional markets, encompassing drivers, limitations, risks, challenges, opportunities, and trends specific to the industry. Additionally, the report underscores global certainties, undertakes comprehensive analysis of key players from upstream to downstream, and presents market forecasts, SWOT & PESTEL analysis, market scenarios, and feasibility studies.
Food-grade Industrial Gases Market is valued approximately USD $$billion in 2022 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2023-2030. Food grade industrial gases are gases that are used in the food and beverage industry to preserve food, extend its shelf life, and improve its quality. The most common food grade industrial gases are nitrogen, carbon dioxide, and oxygen. The food grade industrial gases market is expected to grow in the coming years due to the increasing demand for processed and packaged food. Processed and packaged food requires the use of food grade industrial gases to preserve its quality and extend its shelf life. The rising disposable incomes and changing lifestyles of consumers are also expected to drive the growth of the food grade industrial gases market. Moreover, expansion of the food and beverage industry and growth of the e-commerce sector is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
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According to Eating Better report of 2020, in UK, 88% of adults eat ready meals or ready-to-cook foods. 2 in 5 people eat ready meals every week. According to Statista, frequency of ready meal consumption is increasing year-over-year in United Kingdom. Such as, in 2019, 3,410 thousand people were consuming ready meals more than once a week, which surged to 5,328 thousand in 2020. However, the high cost of Food-grade Industrial Gases stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Food-grade Industrial Gases Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is the largest market for food grade industrial gases. The market in North America is driven by the increasing demand for processed and packaged food, the rising disposable incomes and changing lifestyles of consumers, and the development of new food grade industrial gases. Asia Pacific is the fastest growing market for food grade industrial gases. The market in Asia Pacific is driven by the increasing demand for processed and packaged food, the rising disposable incomes and changing lifestyles of consumers, and the growth of the e-commerce sector.
Major market players included in this report are:
Air Liquide
Linde Group
Praxair
Air Products and Chemicals
Messer Group
Taiyo Nippon Sanso Corporation
Wesfarmers Limited
Air Water Inc.
Sol Group
Gulf Cryo
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Recent Developments in the Market:
In May 2022, Air Liquide launched a new food-grade nitrogen gas that is used to extend the shelf life of fruits and vegetables.
In September 2020, Praxair launched a new food-grade oxygen gas that is used to improve the quality of baked goods.
Global Food-grade Industrial Gases Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, End-use Industries, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Carbon Dioxide
Nitrogen
Oxygen
Other
By End-use Industries:
Beverages
Meat
Poultry
Seafood Products
Bakery and Confectionery Products
Fruits and Vegetables
Other End-use Industries
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
Compelling Reasons to Invest:
Market Segmentation and Value Insights:
- The report offers a comprehensive market segmentation, providing market value data for each segment and sub-segment examined. This deepens your understanding of market dynamics and opportunities within specific market segments.
Focus on Rapid Growth and Dominant Regions:
- This study pinpoints regions and market segments poised for swift growth and those holding a substantial market share. This strategic insight aids businesses in targeting high-growth areas for investment.
Geographical Market Analysis:
- Emphasizing product or service consumption across different geographic areas, the report identifies region-specific variables that influence the market. It offers valuable insights into regional market dynamics.
Competitive Landscape:
- The report includes market rankings of major players, highlighting recent partnerships, product/service launches, business expansions, and acquisitions by profiled companies. This data facilitates a comprehensive understanding of the competitive landscape and industry trends.
Comprehensive Company Profiles:
- Detailed profiles are provided for top market players, encompassing business overviews, company insights, product benchmarking, and SWOT analysis. This aids in gaining a holistic perspective on key market players.
Market Outlook and Growth Prospects:
- The report presents the current market outlook and future growth prospects, considering recent changes and developments. It identifies growth opportunities, drivers, obstacles, and restrictions in both developing and emerging regions.
Market Analysis Using Porter’s Five Forces and Value Chain:
- The market report offers a multifaceted market analysis, utilizing Porter’s five forces to assess industry competitiveness and providing insights into the market using the Value Chain approach.
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