Global Food Grade Industrial Gases Market Insights Forecasts to 2033

• The Global Food Grade Industrial Gases Market Size was Estimated at USD 8.02 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 6.76% from 2023 to 2033
• The Worldwide Food Grade Industrial Gases Market Size is Expected to Reach USD 15.42 Billion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Food Grade Industrial Gases Market size was valued at USD 8.02 billion in 2023 and is slated to cross USD 15.42 billion by 2033, growing at a CAGR of 6.76% from 2023 to 2033. The industrial gases are adequately supplied for food processing and preservation even during emergencies. Some of these gases are nitrogen, oxygen, carbon dioxide, and others, and they play an extremely important role in the quality, safety, and shelf life of a wide variety of food products.

Market Overview

The global food grade industrial gases market defines the gases that conform special purity and quality standards for use in the food and beverage industry. These gases are needed for the preservation, packaging, transportation, and processing of food for food safety, shelf-life extension, and product quality maintenance. Furthermore, Increased usage of industrial gases in the food and beverage industry has caused an increase in the demand for fresh and packaged products. The increase in working hours and modified lifestyles has also contributed to a growing trend toward convenience or packaged food. These two factors together have resulted in further developments in packing technologies and greater frozen food availability. Nitrogen, carbon dioxide, and oxygen are the primary industrial gases employed in several food applications such as freezing, packaging, chilling, and even grinding. Now the companies are investing increasingly in packaging processes that use food grade industrial gases in place of synthetic preservatives.

Report Coverage

This research report categorizes the food grade industrial gases market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the food grade industrial gases market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the food grade industrial gases market.

Driving Factors

Growing food and eating habits behaviourally change consumer's willingness to consume packaged and processed meals. The food grade industrial gases contribute to this generalized market growth since they are vital inputs in food processing, preservation, and packaging. modified Atmosphere packaging has gained wide acceptance today for its use of food grade industrial gases in extending the shelf life of products. This is particularly essential in preserving food quality and reducing food waste.

For instance, Deccan Field Agro Industries from India utilized active modified atmosphere packaging (AMAP) in order to extend the shelf life of papaya by over four weeks and to export the fruit to Dubai.

Restraining Factors

Distribution and manufacturing of industrial gases may consume a bulk amount of energy. Such establishments within this sector are likely to have a direct bearing on the total operating costs due to changes in energy prices or substantially increased energy costs.

Market Segmentation

The food grade industrial gases market share is classified into gas type, application, and end-use. 

• The carbon dioxide segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the gas type, the food grade industrial gases market is divided into carbon dioxide, nitrogen, oxygen, and others. Among these, the carbon dioxide segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to increasing consumption of carbonated beverages by both adults and children, which is mostly boosted by the trend of taking soft drinks to celebrate festive occasions. There is also a rise in brewery production owing to an increasing trend of consuming beer by the youth, hence increasing the demand for carbon dioxide.

• The packaging segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the food grade industrial gases market is divided into packaging, freezing & chilling, carbonation, and others. Among these, the packaging segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by food grade gases that are widely used for their application in the packing process, keeping the food fresh and preventing spoilage and contamination during food storage.

• The beverages segment held the highest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the end use, the food grade industrial gases market is divided into beverages, meat, poultry and seafood, dairy, frozen products, bakery & confectionery products, and others. Among these, the beverages segment held the highest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to carbon dioxide being one of all food grade industrial gases, and it is pretty much used for carbonation in soft drinks, beer, sparkling water, and other fizzy beverages. Furthermore, it has been experiencing growth because of the world beverage market, especially the rising demand for carbonated beverages, as well as the considerable increase of functional beverages in the market.

Regional Segment Analysis of the Food Grade Industrial Gases Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the food grade industrial gases market over the predicted timeframe.

North America is anticipated to hold the largest share of the food grade industrial gases market over the predicted timeframe. North America has one of the most highly developed and diversified food and beverage industries, consuming food grade industrial gases. Such numbers of gases as CO2, N2, and O2 stem from extensive scope in using packaged foods, frozen foods, dairy products, carbonated drinks, and ready-to-eat meals. The increasing demand for convenience food has additionally increased consumer demand, ever more shifting their focus to busy lifestyles.

Asia Pacific is expected to grow at a rapid CAGR in the food grade industrial gases market during the forecast period. Rising middle-class countries like China and India have more disposable income; now consumer preferences are very much inclined toward packaged foods, beverages, and even ready-to-eat meals. This situation increases the demand for a considerable quantity of food grade gases used in packaging and preservation to ensure the quality and safety of the products. Moreover, increasingly hectic lifestyles are driving consumers to discover quick and easy meal replacements.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the food grade industrial gases market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• Taiyo Nippon Sanso
• Sol-Spa
• Messer Group
• Air Liquide
• Gulf Cryo
• Emirate Industrial Gas
• Universal Industrial Gases Inc.
• Matheson Tri-Gas Inc.
• Praxair Inc.
• Linde Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In July 2020, Air Products & Chemicals launched a brand-new industrial gases plant very recently through which greater reliability and sustainability with enhanced energy efficiency and reduced emissions are now forecasted. Air Products has also recently announced plans to start transitioning an estimated global fleet of about 2,000 distribution vehicles into hydrogen fuel cell zero-emission vehicles beginning around 2022.

Market Segment

• This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the food grade industrial gases market based on the below-mentioned segments:   

Global Food Grade Industrial Gases Market, By Gas Type

• Carbon Dioxide  
• Nitrogen
• Oxygen
• Others

Global Food Grade Industrial Gases Market, By Application

• Packaging
• Freezing & Chilling
• Carbonation
• Others

Global Food Grade Industrial Gases Market, By End Use

• Beverages
• Meat
• Poultry and Seafood
• Dairy
• Frozen products
• Bakery & Confectionery products
• Others

Global Food Grade Industrial Gases Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa