Industrial gases such as carbon dioxide, oxygen, argon, hydrogen, and liquid nitrogen are used in food & beverages industry during production and for packaging. These gases are used to improve shelf life, maintain freshness, and visual appearance of products such as meat patties, shrimp, berries, and drinks. Typical applications include freezing and packing, cooling during mixing processes and carbonation of beverages.
Food grade industrial gases are used in chilling, freezing, packaging to improve shelf life of food by eliminating usage of preservatives and chemical treatments. Growing health consciousness among individuals is boosting demand for less chemically processed food with minimal preservatives, which is a key factor driving growth of the global food grade gases market. In addition, technologically advanced techniques in food packaging industry is further expected to boost demand for food grade industrial gases, which is another factor expected to drive growth of the global food grade industrial gases market over forecast period.
Stringent regulation by government towards food safety is a key factor expected to hamper growth of the global food grade industrial gases market. Adoption of industrial gases during production of the bakery & confectionery product to improve shelf life of product is expected to create potential opportunity for key players in the global food grade industrial gases market during forecast period.
The global food grade industrial gases market report has been segmented on the basis of resin type, product type, technology, application, and region. On the basis of region, the global food grade industrial gases market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America accounts largest share in the global food grade industrial gases market in terms of revenue, owing to the high consumption of packaged food products in the region. The market in Europe accounts for second-highest revenue share, owing to increasing awareness regarding to health among individuals coupled with technological advancements in food packaging process among countries in the region. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to increasing consumption of packaged food due to changing lifestyle and increasing disposable income of individuals.
Prominent players in the global food grade industrial gases market include Air Products and Chemicals, Inc., Praxair, Inc., Linde AG, Airgas, Inc., Matheson Tri-Gas, Inc., Messer Group GmbH, Sol S.p.A., Emirates Industrial Gases Company LLC, Gulf Cryo Holding C.S.C, and Air Liquide SA.
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