The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global food grade gases market is charting a path of growth, with the market size projected to surge from $7.53 billion in 2022 to $7.97 billion in 2023, boasting a Compound Annual Growth Rate (CAGR) of 5.8%. This upward trajectory is set to continue, reaching a formidable $9.98 billion in 2027, sustaining the same CAGR of 5.8%. Let’s delve into the key factors and players propelling this expansion.

Fueling the Cold Chain: Consumer Demand for Frozen and Chilled Foods

Market Propellant

The surge in consumer demand for frozen and chilled food products is steering the food grade gases market into a new era. Frozen and chilled foods, preserved through rapid freezing, are becoming staples in households globally. Food grade gases play a pivotal role in packaging, preventing spoilage, and ensuring freshness. A testament to this trend is the 2020 data from the American Frozen Food Institute, revealing a remarkable 13.3% increase in frozen food sales. Online purchases skyrocketed, with a 75% increase in sales of frozen goods. As consumers increasingly add frozen dinners and entrees, beef, poultry, and seafood to their carts, the demand for food grade gases is on the rise.

• Major Players Leading the Charge

The food grade gases market is a domain where industry heavyweights shape the landscape. Key players such as Linde Group & Praxair Inc., Air Products & Chemicals Inc., and Air Liquide SA are at the forefront, driving innovation and meeting the evolving needs of the market. This consortium of major players underscores the competitive and dynamic nature of the food grade gases sector.

Sustaining Freshness: Rise in Meat and Seafood Production

Meat, Seafood, and Market Growth

The food grade gases market is set to soar on the wings of increased production in meat and seafood. These products, rich in nutrients, demand optimal packaging for extended shelf life. The OECD-FAO Agricultural Outlook 2022–2031 anticipates a substantial surge in global fish production, with an increase of 25 MT (megaton) (or 14%) from the baseline period to 200 MT by 2029. As the production of meat and seafood rises, the use of food grade gases in their packaging becomes indispensable, ensuring freshness and safety for consumers.

Segmenting the Landscape: Types, Applications, and End Uses

Diverse Applications

The food grade gases market exhibits a rich tapestry of applications and end-users, offering a nuanced understanding of its dynamics:

1. By Type:The market is segmented into Carbon Di Oxide, Nitrogen, Oxygen, Sulfur Dioxide, and Other Types, each playing a distinctive role in the preservation and packaging processes.
2. By Application:The versatility of food grade gases is evident in applications such as Freezing and Chilling, Packaging, Carbonation, and other varied uses.
3. By End Use:The market caters to diverse end-users including Dairy and Frozen, Fish and Seafood, Meat, Beverages, Fruit and Vegetables, Bakery and Confectionery, and Other End-Users, reflecting the breadth of its impact across the food industry.

Regional Dynamics: North America Takes the Lead

In 2022, North America emerged as the largest region in the food grade gases market. As the epicenter of market share, North America showcases the adaptability and responsiveness of the region to the evolving demands of the food industry.

View More On The Food Grade Gases Market Report 2023 – https://www.thebusinessresearchcompany.com/report/food-grade-gases-global-market-report

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The Food Grade Gases Global Market Report 2023  provides comprehensive insights on the food grade gases market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the food grade gases market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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