The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Food Grade Gases Global Market Report 2024, the food grade gases market is expected to show significant growth in the forecast period.

The food grade gases market has witnessed robust growth in recent years, with substantial expansion projected in the forecast period. This growth is primarily driven by factors such as environmental concerns, globalization of food trade, and the rising demand for ready-to-eat foods.

Current Market Overview

• Market size reached $7.92 billion in 2023.
• Expected to grow to $8.41 billion in 2024 at a CAGR of 6.1%.
• Factors contributing to historic growth: environmental concerns, globalization of food trade, demand for ready-to-eat foods, modified atmosphere packaging adoption.

Future Growth Projections

• Expected to reach $10.97 billion in 2028.
• Forecasted CAGR of 6.9%.
• Drivers for forecasted growth: increasing demand for packaged foods, convenience food segment growth, focus on food safety and quality, expansion in beverage industry, globalization, and international trade.

Trends Shaping the Market

• Sustainable and eco-friendly practices.
• Regulatory compliance.
• Modified atmospheric storage (MAS).
• Freezing and cooling applications.
• Carbonation in beverages.
• Quality and safety assurance.

View More On The Food Grade Gases Market Report 2024 – https://www.thebusinessresearchcompany.com/report/food-grade-gases-global-market-report

Rising Consumer Demand for Frozen and Chilled Foods Drives Growth

The surge in consumer demand for frozen and chilled food products is expected to be a significant driver for the food grade gases market.

• Frozen food sales in the United States to exceed $72 billion in 2022.
• Food grade gases used in packaging to prevent spoilage and maintain freshness.
• Market propelled by increasing consumer preference for convenience and quality.

Product Innovations

Major companies are focusing on product innovations to cater to evolving market needs.

• Introduction of gas infusion systems for precise gas distribution.
• Example: Xylem’s Flojet N-Fuser offers compact design and versatility for CO2 and nitrogen infusion.
• Innovations aim to enhance usability, flexibility, and efficiency in food preservation and packaging.

Guanggang Gas Acquisition of Linde Wuhu Carbon Dioxide Company

In February 2021, Guanggang Gas made a significant acquisition in the food grade gases market, signaling strategic expansion and consolidation.

• Acquisition of Linde Wuhu Carbon Dioxide Company to bolster Guanggang’s capabilities.
• Strengthening electronic ultra-pure bulk gas business and product supply chain.
• Illustrates growing importance of mergers and acquisitions in shaping market dynamics.

Market Segmentation

The food grade gases market is segmented based on type, application, and end-use, providing insights into diverse industry needs.

1. By Type:
   • Carbon Dioxide
   • Nitrogen
   • Oxygen
   • Sulfur Dioxide
   • Other Types
2. By Application:
   • Freezing and Chilling
   • Packaging
   • Carbonation
   • Other Applications
3. By End Use:
   • Dairy and Frozen
   • Fish and Seafood
   • Meat
   • Beverages
   • Fruit and Vegetables
   • Bakery and Confectionery
   • Other End-Users

Regional Landscape

North America emerged as the largest region in the food grade gases market in 2023, underscoring the regional variations in market dynamics and opportunities.

Conclusion

The food grade gases market presents significant growth opportunities, fueled by evolving consumer preferences, technological advancements, and strategic initiatives by key industry players. As the market continues to expand, innovations in product offerings, strategic partnerships, and regulatory compliance will be critical in unlocking its full potential.

Request A Sample Of The Global Food Grade Gases Market Report 2024:

https://www.thebusinessresearchcompany.com/sample_request?id=8970&type=smp

The Food Grade Gases Global Market Report 2024  provides an in-depth analysis on the food grade gases market size, trends and drivers, opportunities, strategies, and companies 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.

View More Related Reports –

Food Grade Alcohol Global Market Report 2024

Organic Grain Farming Global Market Report 2024

Malted Milk Food Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: