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The global food grade industrial gases market size will grow by USD 3.42 billion during 2019-2023 at a CAGR of over 8%. The new product launches and the increasing number of microbreweries are some of the factors expected to drive market growth. This market report provides a detailed analysis of the market by product (carbon dioxide, nitrogen, oxygen, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Air Products and Chemicals Inc., L’Air Liquide SA, Linde Plc, Messer Group GmbH, and Parker Hannifin Corp.
Food-grade industrial gases are used as additives or processing aid in packaged food and beverage products manufacturing. These gases or gas mixtures are selected based on their properties and interaction with food ingredients. Food grade industrial gases must comply with the standards laid out by various governing bodies such as the US Food and Drug Administration (FDA).
Key Insights from Food Grade Industrial Gases Market – Global Forecast 2019-2023
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Nitrogen is widely used in breweries to purge tanks and to prevent the pollution of the next batch with harsh and sour flavors because of the oxidation of residual mash, wort, or beer. Nitrogen is also used to push beer from one tank to another and to displace oxygen and carbon dioxide in tanks. Moreover, kegs are pressurized with nitrogen before shipment, storage, and use. The popularity of microbreweries is growing across the world, especially in the European and North American countries. As a result, the demand for food-grade industrial gases will also grow from these microbreweries. The increasing number of microbreweries will be one of the critical food grade industrial gases market trends, which will have a positive impact on the growth of the market.
Vendors are increasingly focusing on new product launches to increase their revenue flow and market share. For instance, Freshline EAF tunnel freezer launched by Air Products utilizes liquid nitrogen to freeze food products and retain their freshness and taste. It also launched the Freshline Aroma MAPTM system which combines MAP with vapors of natural compounds such as essential oils or aromas. This packaging system imparts an enhanced aroma and flavor to packaged food products and enhances their shelf life. Similarly, Deliea launched by L’Air Liquide SA displaces oxygen in storage bags with a blend of nitrogen and carbon dioxide, thereby extending the shelf lives of the food products. In addition to the increase in a number of microbreweries, new product launches will also be a significant factor that will drive the growth of the food grade industrial gases market at a CAGR of over 8% during the forecast period.
The product segment has been segregated into carbon dioxide, nitrogen, oxygen, and others. The carbon dioxide segment accounted for the highest food grade industrial gases market share in 2018. During the forecast period, the nitrogen and others segment will grow at a faster pace than the overall market. The carbon dioxide and oxygen segments will grow at a slower pace than the overall market.
The increasing demand for packaged food products and carbonated beverages will be one of the significant factors boosting the growth of the food-grade industrial gases market in this segment. Carbon dioxide is used for various purposes in the food and beverages industry such as removing caffeine from coffee beans and carbonating beer and soft drinks. The report provides an accurate prediction of the contribution of various segments to the growth of the food grade industrial gases market size.
North America accounted for the highest market share in 2018. Though the market’s growth in this region will be slower than the growth of the market in APAC and South America, the region will account for the largest food grade gases market share throughout the forecast period. The US is a key market for food grade industrial gases in this region.
The increasing demand for packaged food in North America will fuel food grade industrial gases market growth in this region. The food-grade industrial gases market in North America will also be affected by the rising number of craft breweries in the region.
The market is fragmented. To help clients improve their position, this food grade industrial gases market analysis report provides information on the competitive landscape and the products offered by various companies. Moreover, this report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
The report offers a detailed analysis of several leading food grade industrial gases manufacturers, including:
Food grade industrial gases market by product
Food grade industrial gases market by region
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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