Food Grade Gases Market Size, Share, Industry Trends and Forecast to 2033
This market report provides a comprehensive analysis of the Food Grade Gases industry, highlighting market size, trends, regional insights, and projections for the forecast years 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.50 Billion |
| CAGR (2023-2033) | 5.4% |
| 2033 Market Size | $17.98 Billion |
| Top Companies | Linde plc, Air Products and Chemicals, Inc., Praxair Technology, Inc., Messer Group GmbH, Airgas, an Air Liquide company |
| Last Modified Date | 15 Nov 2024 |
Food Grade Gases Market Report (2023 - 2033)
Food Grade Gases Market Overview
What is the Market Size & CAGR of Food Grade Gases market in 2023?
Food Grade Gases Industry Analysis
Food Grade Gases Market Segmentation and Scope
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Food Grade Gases Market Analysis Report by Region
Europe Food Grade Gases Market Report:
The European market for Food Grade Gases is expected to grow from USD 2.95 billion in 2023 to USD 5.06 billion by 2033. Increasing consumer awareness regarding food quality and safety coupled with rising demand for innovative packaging solutions drive this growth.Asia Pacific Food Grade Gases Market Report:
The Asia Pacific region is witnessing rapid growth in the Food Grade Gases market with a value of approximately USD 1.99 billion in 2023, expanding to USD 3.40 billion by 2033. Factors contributing to this growth include urbanization, rising disposable incomes, and a growing preference for convenient food options.North America Food Grade Gases Market Report:
North America holds a significant share of the Food Grade Gases market, valued at about USD 4.03 billion in 2023 and expected to grow to USD 6.90 billion by 2033. The growth is attributed to an established food safety regulatory framework and a strong presence of food processing industries.South America Food Grade Gases Market Report:
In South America, the Food Grade Gases market was valued at USD 0.74 billion in 2023, projected to reach USD 1.27 billion by 2033. This growth is driven by increased demand for packaged food products and the expansion of the food processing industry.Middle East & Africa Food Grade Gases Market Report:
The Middle East and Africa show a growing trend, with the Food Grade Gases market valued at USD 0.79 billion in 2023, projected to reach USD 1.35 billion by 2033. The expansion in retail and food service sectors is a significant driver of the market in this region.Request a custom research report for industry.
Food Grade Gases Market Analysis By Gas Type
Global Food-Grade Gases Market, By Gas Type Market Analysis (2023 - 2033)
The Food Grade Gases market is predominantly comprised of Carbon Dioxide, Nitrogen, and Argon. In 2023, Carbon Dioxide accounts for a market size of USD 7.05 billion, projected to rise to USD 12.08 billion by 2033, maintaining a share of 67.18%. Nitrogen, valued at USD 3.04 billion in 2023, will grow to USD 5.21 billion with a consistent share of 28.98%. Argon, while a smaller segment, shows growth from USD 0.40 billion to USD 0.69 billion, overseeing a share of 3.84%.
Food Grade Gases Market Analysis By Application
Global Food-Grade Gases Market, By Application Market Analysis (2023 - 2033)
Applications of food grade gases are diverse, with the Dairy Industry valued at USD 5.39 billion in 2023 and expected to reach USD 9.23 billion by 2033, holding a share of 51.35%. The Meat and Beverage sectors follow with USD 2.51 billion and USD 2.51 billion respectively, both projected to rise to USD 4.29 billion, maintaining a share of 23.86%. Other applications such as Bakery Products, Fruits & Vegetables, and Food Preservation contribute to the overall market size but with smaller shares.
Food Grade Gases Market Analysis By Industry
Global Food-Grade Gases Market, By Industry Market Analysis (2023 - 2033)
The key industries using food grade gases include dairy, beverage, meat, and packaging. The Dairy Industry is the largest segment, with a market size of USD 5.39 billion in 2023, expanding to USD 9.23 billion by 2033. The Meat and Beverage segments also show significant growth potential, reflecting the ongoing trends of convenience eating and increased food safety regulations.
Food Grade Gases Market Analysis By Formulation
Global Food-Grade Gases Market, By Formulation Market Analysis (2023 - 2033)
The Food Grade Gases market can be categorized into Pure Gases and Gas Mixtures. Pure Gases make up the larger portion, valued at USD 8.92 billion in 2023, set to increase to USD 15.27 billion by 2033, holding an 84.92% market share. Gas Mixtures, with a market size of USD 1.58 billion in 2023, are expected to grow to USD 2.71 billion, maintaining a share of 15.08%.
Food Grade Gases Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Food Grade Gases Industry
Linde plc:
Linde plc is a leading global industrial gas and engineering company, providing innovative solutions in the food and beverage industry, aimed at enhancing product quality and extending shelf life.Air Products and Chemicals, Inc.:
Air Products specializes in gases for the food and beverage industry, offering a range of food-grade gases and customized solutions to meet specific customer needs.Praxair Technology, Inc.:
Praxair, now part of Linde, provides gases and technologies that enhance safety and efficiency in the food processing and packaging sectors.Messer Group GmbH:
Messer Group is one of the largest industrial gas companies, known for high-quality food grade gases and applications suited for the food industry.Airgas, an Air Liquide company:
Airgas offers a comprehensive portfolio of gases and related equipment for the food industry, ensuring rigorous adherence to safety and quality standards.We're grateful to work with incredible clients.
