(I-BusinessNews.Com, January 19, 2021 ) According to MarketsandMarkets, the global food-grade gases market is estimated to be valued at USD 6.7 billion in 2020 and is projected to reach USD 9.3 billion by 2025, at a CAGR of 6.7% from 2020 to 2025. The growing demand for convenience food products and carbonated beverages have significantly fueled the market for food-grade gases. Further, with the introduction of new products in the food industry and advancements in packaging technologies, there has been a growing need for food-grade gases for various end-uses.
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Market Dynamics:
Drivers: Growing Number of Microbreweries Across all Regions
Carbon dioxide is used for the carbonation of beers and renders a sparkle and tangy taste while also preventing spoilage. Large-scale breweries typically install CO2 reclamation equipment in their breweries that capture the carbon dioxide generated during fermentation process. According to The Brewers of Europe, the European beer production in 2017 reached its eight-year high. The growing number of independent and microbreweries wis contributing to the growth of market.
Restraints: Strict Government Regulations to Meet Quality Standards
Legislations have been sanctioned in most countries in North America and Europe to protect food products from spoilage and contamination due to inferior manufacturing and refrigerated storage processes. Therefore, each country has appointed agencies to inspect consumer health issues and also inspect the type of material used to make sure they are safe for food & beverage operations. Also, by law, all gas cylinders supplied for beverage manufacturers must have a product traceability label on the gas cylinder, valve, or valve guard. Food-grade gas manufacturers need to abide by these laws.
By application, the freezing & chilling segment is projected to account for the largest share in the food-grade gases market
The food industry’s key challenges are to avoid microbial deterioration and increase the shelf life of products. One of the most effective methods of fighting these microbes is by chilling & freezing the products. When the temperature is lowered below the freezing point, the growth of micro-organisms decreases rapidly. Freezing slows down many enzymatic processes as well, thereby making food products more shelf stable. Chilling a food product reduces the risk of bacterial growth. The freezing and chilling of foods are essential to prevent spoilage. As manufacturers, consumers, and retailers demand these technologies, the use of food-grade gases is expected to increase.
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North America is estimated to dominate the food-grade gases market, in terms of value, in 2020
The microbrewery culture is also on the rise in the North American market. There are multiple microbreweries present in the region. These microbreweries require carbon dioxide for beer dispensing. Also, the North American soft drinks market is one of the largest, with the presence of all the big brands such as Coca-Cola and PepsiCo. The soft drinks industry is one of the largest users of food-grade carbon dioxide for the carbonation of beverages.
The large beverage industry and rising trends of microbreweries create a huge demand for carbon dioxide in the North American region, with the US being the largest and fastest growing market. Also, because of the presence of highly organized retail chains and cold chain infrastructure, the North American market holds the largest market share in the food-grade gases market.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as The Linde Group (Germany), Air Products & Chemicals (US), Air Liquide (France), The Messer Group (Germany), Taiyo Nippon Sanso (Japan), Wesfarmers Ltd. (Australia), SOL Group (Italy), Gulf Cryo (Kuwait), Air Water, Inc. (Japan), Massy Group (Caribbean), PT Aneka Industri (Indonesia), National Gases Limited (Pakistan), SIAD (Italy), Cryogenic Gases (US), Les Gaz Industriels Ltd. (East Africa), Aditya Air Products (India), Sidewinder Dry Ice & Gas (South Africa), Axcel Gases (India), Chengdu Taiyu Industrial Gases Co., Ltd (China), Yingde Gas Group Ltd (China), Siddhi Vinayak Industrial Gases Pvt Ltd (India), American Welding & Gas (US), Ijsbariek Strombeek N.V (Belgium), Air Source Industries (US), and Purity Cylinder Gases Inc. (US).
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Mr. Aashish Mehra
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