The North America Food Grade Gases Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
In order to prevent food from oxidizing or spoiling, a packaging gas is a gas that is added to a package before, during, or after it has been filled with food. Nitrogen, carbon dioxide, and nitrous oxide are some examples. Foods including snacks, breakfast cereals, chocolates, baked goods, dried vegetables and fruits, and processed meat products have traditionally used nitrogen as a packaging gas.
Nitrogen used in food packing contains relatively little oxygen and moisture, but unlike air you breathe every second. Nitrogen has no taste or odour and does not react with any dietary components. Nitrogen displaces oxygen and any moisture in a package when it is added. Food is packaged with nitrogen to preserve quality, delay deterioration, and increase shelf life by altering the environment inside the container.
The retail food industry is fiercely competitive in wealthy countries like the US. Due to a growth in retail channels, retailers, and formats that boost consumer access to processed and convenience meals, the food and beverage industry in the United States is experiencing an increased demand for food additives. The organized retail sector exposes customers to label information and quality comparisons with private labels and branded products while providing customers with competitive prices, services, and quality, which is growing the retail food market in the United States.
The US market dominated the North America Food Grade Gases Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,772.8 million by 2028.The Canada market is poised to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Food Grade Gases Market is Estimated to reach $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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