Food Grade Gases Market – Global Industry Analysis till 2027

Albany, NY -- (SBWire) -- 03/28/2019 --Growing inclination of consumers towards packaged food and beverages is widely observed, on account of the increase in the on-the-go lifestyles. With the penetration of technology in the food and beverages space, there has been a notable advancement in the novel modules that ensure the firm packaging of products. This has unlocked a broad scope for the development of the beverage industry, which is further complemented by the growing preference of consumers towards carbonated drinks. Moreover, the rising number of microbreweries is yet another significant driver delivering sustained growth to the food grade gases market in the forthcoming years.

Food grade gases find myriads of applications in the carbonation, blanketing, packaging, and freezing and chilling processes for a broad spectrum of food products. The manufacturers of the food and beverage industry seek longer shelf life of their food products, which can be considered as a crucial factor for intensifying the adoption rate of food grade gases. As a result, the global food grade gases market is certain to hold a promising CAGR in the upcoming years.

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Food Grade Gases Market – Novel Developments

The food grade gases market possesses a strong growth potential on account of the concentrated efforts of the emerging and leading players. These significant players include Air Water, Inc., The Tyczka Group, PT Aneka Gas Industries, Massy Group, Gulf Cryo, Taiyo Nippon Sanso, SOL Group, The Messer Group GmBH, Wesfarmers Limited, Air Liquide, Air Products & Chemicals, Inc., and The Linde Group, among others. Amid the rigorous competition in the food grade gases market, leading players are sustaining their positions by entering into mergers and acquisitions for make way for product innovations.

Recently, Linde AG entered into a productive merger with Praxair, Inc., in order to establish Linde Plc with a view to reinforcing the market position of both the companies in the food grade gases market.
The Messer Group of Germany teamed up with CVC Capital Partners Fund VII to acquire a significant share of Linde AG's North America based business along with some business activities in South America.
Praxair Inc., a U.S. based company developed XactCO2, a unique carbonation solution for beverages in the year 2017.
Air Products and Chemicals developed Freshline LIN-IS system to optimize processing quality and processing speed by delivering temperature control to a mixer.
Food Grade Gases Market - Dynamics

Carbon Dioxide to Procure a Significant Amount of Share in the Food Grade Gases Market

Carbon dioxide, among its other contemporaries such as nitrogen and oxygen gases, accounts for a dominant stance in the food grade gases market, owing to its use in the refrigeration and cooling applications for solid and liquid products. It possesses the property to sublimate into gas at an extremely low temperature, which makes it a desirable gas for carbonating beers, soft drinks, and similar alcoholic drinks.

Carbon dioxide finds a parallel use for Modified Atmosphere Packaging in order to remove oxygen from the packaging. With technologies taking leaps in the food and beverage industry, demand for carbon dioxide is anticipated to remain robust, thereby, fortifying the growth of the food grade gases market.

North America is Predicted to Remain a Favorable Region for the Growth of the Global Food Grade Gases Market

North American region has been witnessing a significant rise in the microbrewery culture, owing to the growing popularity of alcoholic drinks in this region that has the requisite for carbon dioxide for the dispensing of beers. In addition to this, North America simultaneously enjoys a high concentration of huge brands such as Coca Cola and PepsiCo, which further intensifies the demand for the carbonation of beverages.

A boost to the food grade gases market in this region can simultaneously be attributed to the highly organized distribution channels as well as cold chain infrastructure, which dispenses the beverages in an orderly fashion. As a result, North America is predicted to remain a lucrative region for the growth of the global food grade gases market.

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Food Grade Gases Market – Segmentation

The global food grade gases market can be categorized on the basis of:

Type
Application
End-use
Region

Food Grade Gases Market – End-use

Based on the end-use, the global food grade gases market can be segmented into:

Dairy and Frozen Products
Beverages
Meat
Poultry and Seafood