The Asia Pacific Food Grade Gases Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
To keep the nitrogen from escaping, the container must be firmly sealed due to its low gas permeability. When the packaging is opened, the food within is exposed to atmospheric air that contains moisture and oxygen. Therefore, the contents are susceptible to moisture absorption, deterioration, and oxidation without prompt, controlled environmental protection.
Therefore, after the package is opened, it is recommended to start eating the food immediately. Manufacturers of food-grade gas see promising growth prospects in South America's and Asia Pacific's developing economies. The demand for food-grade gases is growing in these areas due to the youth's expanding demand for frozen and packaged food products.
Additionally, these areas have seen a growth in the market for convenience food products, which in turn has led to an increase in the need for food-grade gases, thanks to the development of retail channels and cold chain infrastructure, rising disposable incomes, and the number of working women. Additionally, there has been a rising demand for food-grade gases for various end uses due to ongoing new product releases and developments in packaging technology.
Urban and young consumers' dietary habits are changing in favor of nutrient-rich snacks, and their appetite for ready-to-eat items is growing, both of which have benefited market expansion. In addition, frozen food today is better and more varied than it once was. When these benefits are taken into account, together with how quickly they may be cooked, consumers report that IQF food products are more accessible to cook than fresh food. Why frozen food is so popular is simple to comprehend. More than half of individuals believe frozen food may preserve vitamins and nutrients, and most people have favorable views on frozen food from a health standpoint.
The China market dominated the Asia Pacific Food Grade Gases Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $920.7 million by 2028.The Japan market is estimated to grow a CAGR of 6.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.7% during (2022 - 2028).
Based on Mode of Supply, the market is segmented into Bulk and Cylinder. Based on Industry, the market is segmented into Beverages, Dairy & Frozen Products, Convenience Food, Bakery & Confectionery, Meat, Poultry & Seafood, Fruits & Vegetables and Others. Based on Type, the market is segmented into Carbon Dioxide, Oxygen, Nitrogen and Others. Based on Application, the market is segmented into Freezing & Chilling, Packaging, Carbonation and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Food Grade Gases Market is Projected to reach USD 11.1 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Linde PLC, Air Products and Chemicals, Inc., Wesfarmers Limited, PT Samator Indo Gas Tbk, Massy Holdings Ltd., Air Water, Inc., Les Gaz Industriels Ltd., Messer SE & Co. KGaA (Messer Industrie GmbH), Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings), and Air Liquide S.A.
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