According to a new report, published by KBV research, The Global Food Grade Gases Market size is expected to reach $11.1 billion by 2028, rising at a market growth of 6.6% CAGR during the forecast period.
The Bulk segment acquired maximum revenue share in the Global Food Grade Gases Market by Mode of Supply in 2021 thereby, achieving a market value of $7.8 billion by 2028. This is due to the simple handling, short transit, and practical storage alternatives. It also helps to lower the end product's cost. Because of the storage and handling convenience that bulk materials offer, primary food and beverage industries often favor them. Due to the ubiquitous usage of nitrogen and carbon dioxide in soft drinks and food packaging, these gases are the most often supplied bulk gases.
The Dairy & Frozen Products segment is showcasing a CAGR of 7% during (2022 - 2028). To enhance the texture, mouthfeel, and shelf life of dairy products, including ice cream, whipped cream, and butter, gases (air, carbon dioxide, and nitrogen) have been used in the manufacturing process. Other gases like nitrous oxide, hydrogen, argon, xenon, and helium have also been tried numerous times to be incorporated into dairy systems for various product capabilities like whipping, foaming, texture, scent enhancement, and therapeutic characteristics.
The Carbon Dioxide segment is generating highest revenue share in the Global Food Grade Gases Market by Type in 2021 thereby, achieving a market value of $5.1 billion by 2028. Beers are carbonated using carbon dioxide, which keeps them from deteriorating while adding sparkle and a tart flavor. Large-scale brewers typically use CO2 reclamation technology to recover carbon dioxide produced during fermentation. The market has grown thanks to the rising number of independent microbreweries.
The Packaging segment has shown the growth rate of 7.5% during (2022 - 2028). This is indicated by the gas' inert nature, which safeguards the packaged goods' integrity and stops unintended chemical reactions like oxidation or food deterioration. Additionally, the use of modified atmosphere packaging (MAP), which helps to cover food with food-grade nitrogen to extend the shelf life of fresh food goods, is becoming more popular. Additionally, MAP extends food's shelf life by exchanging oxygen for nitrogen.
The North America market dominated the Global Food Grade Gases Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.8 billion by 2028. The Europe market is experiencing a CAGR of 6.2% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/food-grade-gases-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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