(Food-Beverage-News.Com, April 16, 2018 ) Increasing health distresses among consumers for safety and contamination of nutritive products have enforced companies to use food grade industrial gases market in storing and packaging applications.
Industrial gases are a group of gases which are industrially prepared specifically to use in several industries, such as chemical, petrochemical, oil and gases, water, food, and mining industry etc. Food grade gases are well-defined as gases which are used in food industries as a processing preservative or utility.
According to the report “Global Food Grade Industrial Gases Market Size”, published by Market Data Forecast, the global market projected to reach USD 9.21 billion by 2021, at a CGSR of 6.8% from 2016 to 2021.
The food-grade industrial gases market Share is expected to rise at a modest rate in the next few years. The market size is estimated to grow due to the increasing technologies in packing of food products and consumption of packaged foods. Increasing consumer demand for packed foods of better variability, quality, and freshness is driving the market for food-grade industrial gases. The key factors for rising demand is packing technologies such as chilling & freezing and reformed atmospheric packaging are gradually being adopted by food & beverage producers. Packaging process is difficult with the use of one gas and should not have reaction with other gases which is posing a challenge for manufacturers.
The products are segmented based on Type, Application and Product Type and studied for a deep-level understanding of the Food Grade Industrial Gases Market Growth. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on Type: Carbon Dioxide Nitrogen Oxygen
Based on Application: Freezing and Chilling Packaging Carbonation
Based on Product Type: Meat Fish & Seafood Dairy & Frozen Products Beverages Fruits & Vegetables Convenience Foods Bakery & Confectionery
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. The Asia-Pacific region is the leading market for food-grade industrial gases, while North America is the second biggest, followed by Europe. Rising expenditure power, growing population, and varying food preferences of people in Asia Pacific is growing the demand for packaged foods, which is in turn driving the growth of this market.
Geographical Segmentation: North America Food Grade Industrial Gases Market Europe Food Grade Industrial Gases Market Asia-pacific Food Grade Industrial Gases Market Latin America Food Grade Industrial Gases Market Middle East and Africa Food Grade Industrial Gases Market
The key players in Global Food Grade Industrial Gases Market are The Linde Group (Germany), Messer Group (Germany), Sol-SPA (Italy), Tri-Gas Inc. (U.S.), Matheson, Air Products (U.S.), Taiyo Nippon Sanso, AHG Co. Ltd., Praxair (U.S.), Emirates Industrial Gases (U.A.E.), Air Liquide (France), Air Gas (U.S), AHG Co. Ltd., and Gulf Cryo (Kuwait). Air Products (APD), a world-leading industrial gases company serving Guangdong in South China for 30 years, they started up another new oxygen and nitrogen plant in the province. The state-of-the-art cryogenic air separation plant, capable of producing both gaseous nitrogen and oxygen, comes with an innovative modular design which requires less land space and allows for easy field installation.
The Food Grade Industrial Gases Market study offers the following deliverables: • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of Type, Application and Product Type along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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