(I-BusinessNews.Com, June 19, 2017 ) The Global Food Grade Industrial Gases Market was worth $6.63 billion in 2016 and estimated to be growing at a CAGR of 6.8%, to reach $9.21 billion by 2021.Food-grade industrial gases are an effective and natural way of meeting rising consumer demands for quality, variety and freshness in the food and beverage industry. Increasingly, consumers are looking for low or zero-additive alternatives to conventional preservation techniques. In particular, gases are proving indispensable in the growing market for convenient, home-inspired foods. Changing demographics and increased nutritional awareness are fueling interest in all sorts of new health foods and drinks, particularly thaw & serve, portionable dishes.
The factors influencing the Global Market for Food Grade Industrial Gases Market, either positively or negatively are presented in the DROC analysis. The market size is estimated to rise due to the increasing consumption of packaged foods and technologies in packing of food products. Increasing consumer demand for packed foods of better quality, variability, and freshness is driving the market for food-grade industrial gases. Owing to this rising demand, packing technologies such as reformed atmospheric packaging and chilling & freezing are gradually being adopted by food & beverage producers. Packaging process is difficult with the use of one gas and avoiding interaction with other gases which is posing a challenge for manufacturers.
For granular level understanding, the Food Grade Industrial Gases Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segments.
By Type o Carbon Dioxide o Nitrogen o Oxygen
By Application o Freezing and Chilling o Packaging o Carbonation
By Product Type o Meat o Fish & Seafood o Dairy & Frozen Products o Beverages o Fruits & Vegetables o Convenience Foods o Bakery & Confectionery
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. The Asia-Pacific region is the leading market for food-grade industrial gases, while North America is the second biggest, followed by Europe. Increasing population, rising expenditure power and varying food preferences of people in Asia Pacific is growing the demand for packaged foods, which is in turn driving the growth of this market.
North America Food Grade Industrial Gases Market Europe Food Grade Industrial Gases Market Asia-Pacific Food Grade Industrial Gases Market Latin America Food Grade Industrial Gases Market Middle East and Africa Food Grade Industrial Gases Market
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.
The Food Grade Industrial Gases Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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