The Food Grade Industrial Gases Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Food Grade Industrial Gases Market is estimated to be $6.63 USD billion and predicted to rise to $ 9.21 USD billion with a CAGR of 6.8%. The market is segmented by Type (Carbon Dioxide, Nitrogen and Oxygen) by Application (Freezing and Chilling, Packaging and Carbonation), by Product Type (Meat, Fish & Seafood, Dairy & Frozen Products, Beverages, Fruits & Vegetables, Convenience Foods and Bakery & Confectionery). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Although the atmosphere is extremely competitive, this market will see growth in spite of the descending economic outlook as a result of sturdy consumer demand. Increasing consumer demand for packed foods of high-quality, diversity, and brightness is driving the market for food grade industrial gases. Owing to this rising demand, packaging technologies such as adapted atmospheric packaging and chilling & freezing are progressively being adopted more by food & beverage manufacturers. The narrow framework of the industrial sector is obstructive towards the food grade industrial gases market and expected to hinder market growth.
Increasing demand for nitrogen in food & beverage industry for processing on account of aforementioned properties is expected to have a positive impact on market for food grade industrial gases over the next few years.
North America and Europe are established markets for food grade industrial gases and emerging economies such as Asia Pacific provide opportunities for growth in forecast period. Growing importance of hygiene and implementation of phytosanitary regulatory norms in food & beverage industry of Europe is expected to have a positive impact on market over 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).
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-food-grade-industrial-gases-market-1566/” and checkout our recent reports in the Processed Foods category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/processed-food-15/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.