The Asia-Pacific Food Grade Industrial Gases Market was worth $2.42 billion in 2019 and estimated to be growing at a CAGR of 7.56%, to reach $3.48 billion by 2024. The growing consumption of dairy & frozen products, meat fish & seafood is increasing the demand for food grade industrial gases particularly in the Asia-Pacific region.
Packaging plays an essential role in securing and preventing food and beverage products, though as technology advances and customers become more perceptive, the design of packaging has become as significant as its function. This is widely increasing the demand for gas packaging of foods.
The food-grade industrial gases market is expected to grow at a modest rate in the next few years. The market size is anticipated to boost owing to the rising consumption of packaged foods and technologies in packing and chilling & freezing of processed food products. With the usage of industrial gases in almost every industry, the market for the same has not just emerged over the years, but also seen key developments. The narrow framework of the industrial sector is obstructive towards the food grade industrial gases market and expected to hinder market growth.
Asia-Pacific Food Grade Industrial Gases Market is segmented by type into Carbon Dioxide, Nitrogen and Oxygen. Based on application the market is segregated into Freezing and Chilling, Packaging and Carbonation. On the basis of product type, the market is bifurcated into Meat, Fish & Seafood, Dairy & Frozen Products, Beverages, Fruits & Vegetables, Convenience Foods and Bakery & Confectionery. The demand for nitrogen as a food grade gas is increasing as modified atmospheric packaging (MAP) is gradually being implemented in the food processing & packing industry.
Geographically the market is segmented into China, India, Japan, South Korea and Australia. China and India are estimated to emerge as the fastest growing markets in the forecast period.
Some of the key players in the market are The Linde Group (Germany), Tri-Gas Inc. (U.S.), Air Liquide (France), Air Gas (U.S), Matheson, Air Products (U.S.), Taiyo Nippon Sanso, AHG Co. Ltd., Praxair (U.S.), Emirates Industrial Gases (U.A.E.), AHG Co. Ltd., Messer Group (Germany), Sol-SPA (Italy), and Gulf Cryo (Kuwait). Expansion of the market is estimated to endorse new investments and open new markets for food grade industrial gases manufacturers in the coming years.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Carbon Dioxide
5.1.2 Nitrogen
5.1.3 Oxygen
5.2 By Application
5.2.1 Freezing and Chilling
5.2.2 Packaging
5.2.3 Carbonation
5.3 By Product Type
5.3.1 Meat
5.3.2 Fish & Seafood
5.3.3 Dairy & Frozen Products
5.3.4 Beverages
5.3.5 Fruits & Vegetables
5.3.6 Convenience Foods
5.3.7 Bakery & Confectionery
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 The Linde Group
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Tri-Gas Inc.
8.3 Air Liquide
8.4 Air Gas
8.5 Taiyo Nippon Sanso
8.6 AHG Co. Ltd.
8.7 Praxair
8.8 Emirates Industrial Gases
8.9 Messer Group
8.10 Gulf Cryo
8.11 Sol-SPA
8.12 Matheson
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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