The North America Food Grade Industrial Gases Market was worth $ 2.12 billion in 2021 and estimated to be growing at a CAGR of 6.04%, to reach $ 2.84 billion by 2026. North America’s food grade industrial gases market faces steady shifts in consumer preferences, government policies, and new companies and products.
Food-grade industrial gases are effectively used in the food industry for freezing & chilling, packaging, and carbonation of food products such as dairy & frozen products, beverages, fruits & vegetables, meat, fish & seafood, bakery & confectionery, and convenience foods.
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. The rapid development of emerging economies has led to the growth of food grade industrial gases market. Growth of the electronics industry and the industrial area in developing economies has been a key driver of the North America food grade industrial gases market. High cost of gas processing is a major restraint of the market.
North America 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 North America Food Grade Industrial Gases Market is segmented into US, Canada, Mexico and Rest of North America. USA is leading the market for North America region in terms of revenue followed by Canada.
Key Players in the Market:
Major Key Players in the North America Food Grade Industrial Gases Market are
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 United States
6.3 Canada
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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